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Home » Authors » Shannon Clark

Articles by Shannon Clark

Maine Supreme Court Vacates Ruling in TILA Case

March 25, 2024
Shannon Clark
In a boon for the CFPB, a lawsuit has been sent back to a lower court, after the Maine Supreme Court vacated the ruling and determined that the loan wasn’t exempt from TILA requirements under Section 1603(3).
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Chopra Details CFPB’s Plans for Open Banking Standards

March 25, 2024
Shannon Clark
Standard-setting organizations will be able to apply for recognition from the CFPB soon, Director Rohit Chopra said. The move will take the bureau closer to finalizing open banking rules.
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Full Product Array Can Help Combat Discrimination

March 25, 2024
Shannon Clark
During an event hosted by the National Fair Housing Training Academy Forum, mortgage lenders were briefed on ways to help decrease discrimination and diversify their businesses.
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Proposed Payments Rule Caught in Partisan Crossfire

March 25, 2024
Shannon Clark
At a recent House hearing, Republicans and Democrats were divided on the CFPB’s proposed rule to extend its supervisory authority to large technology companies in the digital payment space.
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CFPB Seeks Approval for New Data Collection

March 25, 2024
Shannon Clark
The CFPB is seeking more information about the factors affecting consumers when deciding to utilize the agency’s complaint process.
Read More

CFPB Urges New York to Advance UDAAP Bill

March 25, 2024
Shannon Clark
The bureau is calling on NY state leaders to consider adding more restrictions within state legislation to protect consumers from unfair, deceptive or abusive acts and practices.
Read More

Other News in Brief

March 25, 2024
Shannon Clark
Chopra reiterates concerns about the Appraisal Foundation; nonprofits, fintechs support 1033 proposal: Senate Democrats push CFPB on medical debt.
Read More

Lenders Advised to Prepare for Cyberattacks

March 22, 2024
Shannon Clark
Mortgage companies need to have a plan and a team in place to handle potential cyberattacks, according to security experts.
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Chopra Critical of Appraisal Organization’s Leadership

March 21, 2024
Shannon Clark
CFPB Director Rohit Chopra detailed a number of concerns regarding the Appraisal Foundation. The foundation’s president defended the organization.
Read More

Bank Settles Wage Theft Lawsuit With Loan Originators

March 14, 2024
Shannon Clark
The lawsuit alleged Banner violated the Fair Labor Standards Act by not compensating mortgage loan officers who were required to work off the clock and more than eight hours per day.
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