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Home » Authors » Shannon Clark

Articles by Shannon Clark

Used Car Prices Continue to Drop, Affecting ABS

July 25, 2024
Shannon Clark
The decrease in the value of used vehicles poses a particular risk for ABS investors, rating services warn.
Read More

Federal Regulators Publish Guidance on ROVs

July 25, 2024
Shannon Clark
The final guidance covers reasons for seeking a reconsideration of value and addresses compliance obligations involving appraisals.
Read More

Regulators Issue Guidance for Reconsiderations of Value

July 19, 2024
Shannon Clark
The guidance will help assist financial institutions in risk mitigation for deficient appraisals.
Read More

First of its Kind Securitization Involving SBA Loans

July 18, 2024
Shannon Clark
The pooling of about $100 million of SBA loans should provide economies of scale to smaller lenders.
Read More

Seventh Circuit Affirms CFPB’s Authority Under ECOA

July 18, 2024
Shannon Clark
The Seventh Circuit Court decision in CFPB v. Townstone Financial could broaden the scope of the Equal Credit Opportunity Act.
Read More

Regulators Look to Wrap Up Rulemaking Agendas

July 18, 2024
Shannon Clark
The slowdown is part of a typical trend seen at federal regulators prior to a presidential election.
Read More

Mortgage Groups Seek More Time on CFPB Servicing Proposal

July 18, 2024
Shannon Clark
A week after the CFPB released proposed updates to Regulation X servicing standards, mortgage industry groups are seeking more comment time on the proposal.
Read More

Data Exchange Proposed to Help Decrease Lenders’ Costs

July 18, 2024
Shannon Clark
The proposal, published by Andrew Davidson, seeks to create a platform where regulators, investors, mortgage servicers and more would share their own data and receive access to the broader pool of data, in an effort that could decrease costs and improve attempts to aggregate mortgage data.
Read More

CFPB Could Face Difficulties Following SCOTUS Change on Chevron

July 16, 2024
Shannon Clark
The Supreme Court's ruling striking down Chevron deference could prompt legal challenges to the CFPB's rules and alter the CFPB's rulemaking going forward.
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CFPB Proposes Updates to Regulation X Servicing Standards

July 15, 2024
Shannon Clark
The proposal includes some aspects supported by both servicers and consumer advocates and some provisions that could see pushback from servicers.
Read More
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