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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Moves to Regulate Buy Now, Pay Later Products

June 3, 2024
Shannon Clark
The CFPB plans to use its authority over credit card providers to apply to buy now, pay later providers. The move could face a legal challenge.
Read More

Chopra Says CFPB Looking Into Credit Reporting Issues

June 3, 2024
Shannon Clark
Credit reporting inaccuracies are having a major impact on low-income consumers who are trying to find housing, according to participants at a recent CFPB Consumer Advisory Board Meeting.
Read More

Consumer Advocates Propose Reforms to Tax Foreclosures

June 3, 2024
Shannon Clark
Low-income homeowners and older individuals are at an increased risk of losing their property to a tax foreclosure.
Read More

Other News in Brief

June 3, 2024
Shannon Clark
Zillow launches new AI tool; CFPB sues another student loan provider; CFPB credit card lawsuit hits another bump; CFPB director to meet with Congress.
Read More

MBA Pushes for Exemptions in Data Privacy Legislation

May 31, 2024
Shannon Clark
Federal and state regulators looking to implement new data privacy standards should include exemptions for firms subject to Gramm-Leach-Bliley Act requirements, according to the Mortgage Bankers Association and other trade groups.
Read More

SCOTUS Calls for Closer Look at Federal Preemption in Escrow Case

May 31, 2024
Shannon Clark
The Supreme Court delivered a unanimous opinion in Cantero v. Bank of America, sending the case back to a lower court.
Read More

Appraisal Qualifications Board Weighs College Degree Requirement

May 30, 2024
Shannon Clark
The AQB is considering other professional work experience as a substitute for the college degree required for some licenses.
Read More

CFPB Releases RFI on Mortgage Closing Costs

May 30, 2024
Shannon Clark
Industry trade groups reacted swiftly to the RFI.
Read More

CFPB Looking Into Rising Costs of Credit Reports

May 23, 2024
Shannon Clark
Speaking at the MBA secondary conference, CFPB Director Rohit Chopra pushed back against the argument that credit reporting fees are distinct from junk fees. He said the term junk fee extends to fees that lack competition in the market.
Read More

CFPB Ready to ‘Fire on All Cylinders’ Post SCOTUS Win

May 23, 2024
Shannon Clark
The CFPB is in the process of hiring 75 additional staff to help with the workload the bureau’s enforcement office is facing.
Read More
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