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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Largely Exceeds Performance Goals in FY 2024

January 26, 2026
Shannon Clark
The CFPB criticized former bureau Director Rohit Chopra’s work in its annual performance report for fiscal year 2024.
Read More

Lender Faces Setback in Age-Discrimination Lawsuit

January 26, 2026
Shannon Clark
An appeals court found a district court erred in granting summary judgment to Union Home Mortgage in an age-discrimination lawsuit.
Read More

CFPB Publishes Diminished Student Loan Report

January 26, 2026
Shannon Clark
The annual student loan report published by the CFPB was 15 pages short of the original report written by the bureau’s former student loan ombudsman, Julia Barnard.
Read More

Other News in Brief

January 26, 2026
Shannon Clark
SCOTUS won’t hear petition in a discrimination case; Fed initiates enforcement action against a former PrimeLending employee; CFPB will no longer provide HMDA updates via GovDelivery email.
Read More

SFA Asks CFPB for Exclusion in Larger Participant Rule

January 22, 2026
Shannon Clark
The trade association asked the CFPB to exclude asset-backed financing transactions from its rule defining larger participants in the auto loan market, regardless of if they are securities or lending transactions.
Read More

SFA Updates Review Standards for Seasoned Mortgages

January 15, 2026
Shannon Clark
The trade group addressed common pay-history questions ranging from recency expectations to credit reports as a source of payment history.
Read More

CFPB Requests Funds From Fed to Comply With Court

January 15, 2026
Shannon Clark
CFPB Acting Director Russell Vought noted his disagreement with the court’s opinion in his funding request to the Fed. Vought’s time at the bureau is on the clock under the Federal Vacancies Reform Act.
Read More

HUD Seeks to Withdraw Its Discriminatory Effect Rule

January 15, 2026
Shannon Clark
HUD said its prior assertion that the disparate-impact regulations provided “clarity and predictability” is diminished following the Supreme Court decision overruling the Chevron framework.
Read More

New York Enacts CRA Requirements for Nonbank Lenders

January 15, 2026
Shannon Clark
The New York Department of Financial Services adopted a new regulation to implement a 2021 law extending the state’s Community Reinvestment Act requirements to nonbanks.
Read More

OCC Proposal Would Preempt State Laws on Escrow Interest

January 15, 2026
Shannon Clark
A handful of states have established requirements for interest payments on funds held in mortgage escrow accounts.
Read More
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