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Home » Authors » Shannon Clark

Shannon Clark

sclark@imfpubs.com
Articles

ARTICLES

CFPB Argues Home Equity Investments Are Subject to TILA

January 16, 2025
Shannon Clark
The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.
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State Regulators Fine Bayview for Cybersecurity Issues

January 9, 2025
Shannon Clark
The company allegedly failed to fully cooperate with state regulators following a data breach.
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CFPB Sues Vanderbilt Mortgage Over Risky Loans

January 9, 2025
Shannon Clark
The manufactured home builder allegedly made loans for borrowers while knowing they could not afford to pay back the loan.
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CFPB Issues Final Rule to Wipe Medical Debt Off Credit Reports

January 9, 2025
Shannon Clark
The regulator estimates that the move will prompt a jump in mortgage originations. The rule is largely unchanged from an earlier proposal despite concerns raised by mortgage companies.
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CFPB Issues Final Rule to Remove Medical Debt From Credit Reports

January 7, 2025
Shannon Clark
Medical debt will soon be wiped away from consumer reports under a new rule.
Read More

State Regulators Expected to Fill Void Under Trump

January 7, 2025
Shannon Clark
“We can continue to expect [states] to be as active and maybe even more so this time around,” said Kathryn Ryan, a partner at Orrick.
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States to Step Up Amid Likely Reduced Federal Enforcement

January 6, 2025
Shannon Clark
Regulators in some states controlled by Democrats are poised to increase their oversight of consumer protection laws as the CFPB’s focus is expected to shift under the incoming Trump administration.
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CFPB Scrambles to Complete Agenda Items Before Jan. 20

January 6, 2025
Shannon Clark
The bureau’s fall regulatory agenda listed December as the date for issuing three final rules among several other items. None of the items has been issued so far.
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New York Considers CRA Requirements for Nonbanks

January 6, 2025
Shannon Clark
The state’s proposal to establish Community Reinvestment Act requirements for nonbank mortgage lenders was met with opposition from the Mortgage Bankers Association.
Read More

CFPB’s RESPA Compliance Focus Holds Steady

January 6, 2025
Shannon Clark
RESPA compliance looks likely to remain a priority for the bureau during the Trump administration.
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View All Articles by Shannon Clark

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