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Home » Authors » Shannon Clark

Articles by Shannon Clark

Standard for Applying NBA Preemption Still Inconsistent

September 9, 2024
Shannon Clark
The Ninth Circuit in a recent case didn’t abide by the U.S. Supreme Court directive that it apply a nuanced analysis of the Barnett decision when deciding whether the National Bank Act preempts a state law.
Read More

NCLC Urges CFPB to Extend ECOA to Residential Leases

September 9, 2024
Shannon Clark
The NCLC is asking the bureau to pursue rulemaking to apply the Equal Credit Opportunity Act’s adverse action requirement to renters and ban the use of medical debt in tenant screening decisions.
Read More

CFPB Takes Interest in Apple, Final Section 1033 Rule Nears

September 9, 2024
Shannon Clark
As part of the iOS 18 update, Apple will allow app developers to offer their own forms of contactless transactions, beyond Apple Pay and Apple Wallet. CFPB has called for feedback on the change.
Read More

CFPB’s EWA Proposal Receives Varying Feedback

September 9, 2024
Shannon Clark
The American Bankers Association said a proposed interpretative rule will discourage banks from EWA products, limiting access to a convenient and potentially free source of small dollar, short-term liquidity.
Read More

Other News in Brief

September 9, 2024
Shannon Clark
CFPB issues consumer advisory on financial risks associated with video games; DC Attorney General snags more than $3.2 million in total penalties from settlements with title companies.
Read More

Student Loan ABS Seek SCOTUS Review of Third Circuit Decision

September 5, 2024
Shannon Clark
The Third Circuit Court of Appeals recently ruled that student loan ABS trusts are subject to the CFPB’s authority.
Read More

Texas Court Rules in Favor of CFPB on Data Collection Rule

September 5, 2024
Shannon Clark
The court said the CFPB has authority to issue the rule that will establish HMDA-like reporting standards for loans to small businesses.
Read More

Company Reputation a Top Concern for Borrowers

August 30, 2024
Shannon Clark
Lenders are advised to make use of client reviews, referral programs and relationships with others in the financial sector.
Read More

CFPB to Tackle Chatbots, Ease Access for Customer Service

August 29, 2024
Shannon Clark
A new rule is expected from the bureau in the coming months that will require businesses under the CFPB's jurisdiction to allow consumers to speak with a human service representative at the click of one button.
Read More

Short Takes: Two Harbors Resignation / HomeLight Expands AI Tool / LoanDepot Adds to Equity Product Offerings

August 29, 2024
Shannon Clark
Two Harbors Investment Corp. executive is leaving for Granite Point Mortgage Trust.
Read More
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