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Home » Authors » Shannon Clark

Articles by Shannon Clark

SCOTUS Sends BofA Preemption Case Back to Lower Court

June 3, 2024
Shannon Clark
The Supreme Court wants the Second Circuit Court of Appeals to conduct a nuanced comparative analysis of whether state consumer protection laws apply to national banks.
Read More

CFPB Wants to Know Why Closing Costs Are Increasing

June 3, 2024
Shannon Clark
The CFPB has issued a request for information on how closing costs are impacting home affordability and accessibility.
Read More

Fed Losses May Sour CFPB’s Supreme Court Win

June 3, 2024
Shannon Clark
Since September 2022, the Federal Reserve has been in a deficit and has still continued to fund the CFPB, a problem for the legality of the bureau’s funding, according to Hal Scott, a Harvard Law professor.
Read More

DTI Ratios a Leading Cause of Mortgage Denials in 2023

June 3, 2024
Shannon Clark
High debt-to-income ratio remained the largest denial reason for purchase-mortgage applications in 2023, while credit history issues moved into the top spot for denials of refinances.
Read More

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.
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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
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