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Home » Authors » Shannon Clark

Articles by Shannon Clark

MBA, ABA Urge Congress to Pursue NFIP Reform

September 25, 2025
Shannon Clark
The trade groups offered suggestions to lawmakers as part of a bipartisan effort to reform the National Flood Insurance Program.
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CFPB Terminates WaFd's HMDA Consent Orders

September 24, 2025
Shannon Clark
The bureau found that WaFd sufficiently complied with the terms of consent orders dating to 2013 and 2020.
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Tokenization Could Prompt Changes in ABS Market

September 18, 2025
Shannon Clark
The practice can be used to help boost transparency and accelerate settlements, according to industry experts.
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LO Comp Compliance Crucial Amid CFPB Uncertainty

September 16, 2025
Shannon Clark
Even if the CFPB rescinds its LO rule, the Truth in Lending Act — the statute the LO comp rule is implementing — remains.
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LO Comp Rule Compliance Crucial in Spite of CFPB Pullback

September 15, 2025
Shannon Clark
The CFPB’s potential rescission of the LO compensation rule won’t fully exempt mortgage companies from the rule’s requirements, according to an industry attorney.
Read More

CFPB Prepares Staff for More Layoffs

September 15, 2025
Shannon Clark
The potential staff cuts are tied to the bureau’s reduced funding for fiscal year 2025, which takes effect Oct. 1.
Read More

Lender Urges SCOTUS to Hear Disparate-Impact Case

September 15, 2025
Shannon Clark
Emigrant Mortgage has asked the high court to weigh in on three questions that divided a lower court.
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New York Reproposes State CRA Rule for Nonbanks

September 15, 2025
Shannon Clark
The New York Department of Financial Services’ revised proposal doesn’t include any of the substantial changes sought by mortgage industry stakeholders.
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FDIC Cuts Disparate-Impact Analysis From Exam Manual

September 15, 2025
Shannon Clark
Changes to the examination manual were made to align with an executive order from President Trump.
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SPS Loses Bid to Dismiss Lawsuit on Loan Payment Practices

September 15, 2025
Shannon Clark
Select Portfolio Servicing allegedly charged borrowers up to $15 in fees to make a mortgage payment online or by phone when its actual cost of processing was less than 50 cents per transaction.
Read More
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