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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Focusing on Fair Lending, Insurance Costs

April 22, 2024
Shannon Clark
Mark McArdle, assistant director of mortgage markets at the CFPB, discussed some of the bureau’s top priorities during a recent webinar.
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CFPB Cracks Down on FDCPA and FCRA Violations

April 22, 2024
Shannon Clark
Measures to protect consumers from violations of FDCPA and FCRA involving medical and rent collections are underway.
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House Republicans Criticize CFPB’s Funding Structure

April 22, 2024
Shannon Clark
Republicans and Democrats remain divided over whether the CFPB’s current spending and funding are constitutional.
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CFPB Encourages Illinois to Adopt Appraisal Protections

April 22, 2024
Shannon Clark
Changes to the state’s Community Reinvestment Act would further protect against discriminatory appraisals, according to the CFPB.
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CFPB, European Commission to Hold Principal-Level Talks

April 22, 2024
Shannon Clark
The two jurisdictions are continuing their partnership to share information about consumer financial protection issues and regulations.
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Other News in Brief

April 22, 2024
Shannon Clark
Judge in credit card lawsuit can continue; Republicans warn the bureau against rulemaking to limit arbitration; California tech school banned from lending.
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MBA Pushes Back on FCRA Requirements for Lenders

April 18, 2024
Shannon Clark
Industry trade groups in a joint amicus brief argued that credit furnishers don’t need to investigate legal disputes under FCRA.
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CFPB Taking a Close Look at the Use of Discount Points

April 11, 2024
Shannon Clark
The use of discount points to lower mortgage rates has jumped in recent years as interest rates continued to climb. But the benefit of the points for the borrower is unclear, the CFPB said in a report.
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FDIC Highlights RESPA Compliance Issues at Banks

April 9, 2024
Shannon Clark
Some banks are failing a RESPA test on whether payments are “reasonably related” to the value of the services provided.
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Texas District Court Puts New CRA Standards on Hold

April 8, 2024
Shannon Clark
The judge, who granted a preliminary injunction against the CRA overhaul, said there’s “substantial likelihood” that the plaintiffs in the lawsuit will ultimately win.
Read More
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