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Home » Authors » Shannon Clark

Shannon Clark

sclark@imfpubs.com
Articles

ARTICLES

Chopra Dismisses Suggestion of Political Motivation in its Investigations

October 21, 2024
Shannon Clark
CFPB Director Rohit Chopra said he isn’t too worried about how recent Supreme Court decisions would impact the bureau.
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Fairway Settles CFPB, DOJ Lawsuit Over Redlining

October 21, 2024
Shannon Clark
More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn.
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MISMO Releases Mortgage Compliance Dataset

October 21, 2024
Shannon Clark
The new dataset will help both regulators and mortgage companies, according to MISMO.
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CFPB Bans Company From Arbitrating Consumer Financial Disputes

October 21, 2024
Shannon Clark
Ejudicate has been permanently banned by the bureau for holding arbitration proceedings for a company it received a kickback from.
Read More

Regulators Debate Risks of Embedded Finance Products

October 21, 2024
Shannon Clark
By the end of the decade, the embedded finance industry could be bringing in close to $400 billion in revenue each year, according to Seth Frotman, general counsel at the CFPB.
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Registration Opens for CFPB’s Nonbank Compliance Tracking System

October 21, 2024
Shannon Clark
All new covered orders must be submitted within 90 days of the order’s effective date, according to the bureau’s final rule on the registry.
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CFPB Homes In on Illegal Auto Finance Practices

October 21, 2024
Shannon Clark
The findings published in the CFPB’s latest supervisory highlights report are largely in line with previous bureau actions.
Read More

Other News in Brief

October 21, 2024
Shannon Clark
FTA sues CFPB over BNPL interpretive rule; DOJ reaches first redlining settlement with a credit union; CFPB files lawsuit against student loan provider; regulators update nonbank ransomware self-assessment tool.
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Investment Advisor Fined $80 Million for Overvaluation of CMOs

October 17, 2024
Shannon Clark
The SEC alleged Macquarie Investment Management Business Trust’s valuation practices for collateralized mortgage obligations violated the Investment Advisors Act and the Investment Company Act.
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DOJ Reaches its First Redlining Settlement With a Credit Union

October 17, 2024
Shannon Clark
Citadel Federal Credit Union said the alleged redlining was an inadvertent outcome from its push into digital services.
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View All Articles by Shannon Clark

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