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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Sues Berkshire's Vanderbilt Mortgage for TILA Violations

January 6, 2025
Shannon Clark
Among the allegations: Vanderbilt approved a loan for a family with 33 debts in collection...
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Borrowers Lack Clarity on Forbearance

January 3, 2025
Shannon Clark
A new FHFA working paper examined factors that influence borrowers’ decisions on whether they should pursue forbearance when facing financial distress.
Read More

BondBloxx Plans IPO for Private Credit Investment Vehicle

January 2, 2025
Shannon Clark
The investment vehicle plans to mainly buy whole loans, but may also purchase ABS.
Read More

CFPB Sues Rocket Homes Over Kickback Scheme

January 2, 2025
Shannon Clark
The lawsuit accuses Rocket Homes of steering customers to its affiliated companies for mortgage loans and closing services.
Read More

CFPB Issues Final Rule on Residential PACE Lending

January 2, 2025
Shannon Clark
Starting in March 2026, residential mortgage protections will apply to Property Assessed Clean Energy loans. Mortgage industry groups and consumer advocates applauded the move.
Read More

CFPB Wants to Bring Data Brokers Under the FCRA

December 30, 2024
Shannon Clark
The proposal is unlikely to move forward in the Trump administration, but the draft could serve as a blueprint for state legislation.
Read More

SCOTUS Declines to Review CFPB ABS Trust Lawsuit

December 19, 2024
Shannon Clark
The Supreme Court’s decision to let a lower court’s ruling stand allows the bureau to watch over certain ABS market participants.
Read More

Mortgage Lenders’ Love-Hate Relationship With the CFPB

December 19, 2024
Shannon Clark
Elon Musk’s call to “delete” the CFPB hasn’t found many takers. According to mortgage industry participants, the consumer watchdog has provided stability to the industry post the 2008 financial crisis.
Read More

CFPB Sets ATR Requirements for PACE Loans

December 18, 2024
Shannon Clark
The final rule establishes ability-to-repay requirements for Property Assessed Clean Energy loans.
Read More

SCOTUS Denies Request to Take Up CFPB ABS Lawsuit

December 17, 2024
Shannon Clark
The Supreme Court’s decision effectively grants the CFPB authority over the ABS market.
Read More
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