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Home » Authors » Shannon Clark

Articles by Shannon Clark

Mortgage Complaints to CFPB Increase in 3Q With Servicing Issues

October 28, 2025
Shannon Clark
Mortgage-related complaints submitted to the CFPB increased by 6.9% on a quarterly basis in the third quarter.
Read More

Trump Admin Opposes Full Circuit Hearing in NTEU Case

October 27, 2025
Shannon Clark
The Trump administration argued that a majority panel of the court correctly concluded the National Treasury Employees Union cannot bring an Administrative Procedure Act claim challenging an “entirely nonbinding” purported decision to close the CFPB.
Read More

Mortgage Complaints Rise Moderately in Third Quarter

October 27, 2025
Shannon Clark
Consumer grievances received by the CFPB increased across three of the four major complaint categories during the third quarter of 2025.
Read More

Vought Expects CFPB to Be Shut Down by End-2025

October 27, 2025
Shannon Clark
Contrary to the Trump administration’s statements in court, CFPB Acting Director Russell Vought said the bureau will be shut down within the next two to three months.
Read More

MBA Seeks Further Changes to New York CRA

October 27, 2025
Shannon Clark
The Mortgage Bankers Association is concerned that New York’s Community Reinvestment Act plans will place restrictive limits on CRA credit for purchased loans.
Read More

Trade Groups Split Over Section 1033 Revisions

October 27, 2025
Shannon Clark
While trade groups representing banks are seeking a major overhaul of the current rule, fintechs said the rule preserves the principle that financial data belongs to consumers and not banks.
Read More

Trade Groups Ask SCOTUS to Address Fair Housing Act

October 27, 2025
Shannon Clark
The trade groups want the Supreme Court to intervene and correct a lower court’s ruling that creates uncertainty regarding Fair Housing Act liability in the mortgage industry.
Read More

MoneyLion Agrees to Settle MLA Lawsuit

October 27, 2025
Shannon Clark
The financial technology company was accused of overcharging servicemembers and their dependents, and refusing to allow customers to exit its membership programs and stop paying monthly fees.
Read More

Other News in Brief

October 27, 2025
Shannon Clark
Mortgage compliance dataset is nearing implementation; CFPB ends consent order with Citibank three years early.
Read More

loanDepot Sues Broker Shop for Trade Theft, Poaching

October 23, 2025
Shannon Clark
loanDepot has accused West Capital Lending of stealing its leads, misclassifying loan originators and tying LO compensation to loan revenue.
Read More
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