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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Warns Companies on Nondisclosure Agreements

July 29, 2024
Shannon Clark
The bureau said some companies may be in violation of the CFPA if they include language in their non-disclosure agreements that discourage employees from reporting illegal misconduct.
Read More

CFPB Proposes Rule on Paycheck Advance Products

July 29, 2024
Shannon Clark
The proposed rule fails to provide a bright-line test for lenders and employers, an attorney with the Dorsey & Whitney law firm said.
Read More

Other News in Brief

July 29, 2024
Shannon Clark
Federal banking agencies reviewing regulations; CFPB countersues lease-to-own company; the bureau considers penalties against Equifax; lawsuit against CFPB credit card late fee rule to stay in Texas; lenders seek more time to comply with Section 1033 rule.
Read More

Interest in AI Increasing in the Mortgage Industry

July 26, 2024
Shannon Clark
The evolving technology, while helpful, presents many risks and benefits, according to Bob Broeksmit, CEO and president of the MBA.
Read More

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
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