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Home » Authors » Shannon Clark

Articles by Shannon Clark

MBA Asks CFPB to Delay Nonbank Registry Rule

January 27, 2025
Shannon Clark
The trade group asks that compliance deadlines for the bureau's nonbank registry rule be postponed for at least 60 days.
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After SCOTUS Setback, NCSLT Settles With CFPB

January 23, 2025
Shannon Clark
The settlement comes after the Supreme Court refused to hear a case in which the Third Circuit found that NCSLT were a “covered person” under the Dodd-Frank Act and subject to the CFPB’s oversight.
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SFA Seeks Exemption From FDIC’s Recordkeeping Rule

January 23, 2025
Shannon Clark
The custodial structuring and deposit accounts used in securitizations don’t pose any policy concerns that the FDIC’s rule is attempting to fix, according to SFA.
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CFPB Warns That Some Homeowners are Underinsured

January 23, 2025
Shannon Clark
Some homeowners’ properties may be underinsured due to disparities in flood-risk mapping, according to the Consumer Financial Protection Bureau.
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Mortgage Complaints to CFPB Decline in 2024

January 23, 2025
Shannon Clark
Consumers submitted 21,173 mortgage-related complaints to the CFPB last year, the lowest number since the bureau opened its door.
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State Regulators Plan Continued Focus on Nonbank Servicers

January 22, 2025
Shannon Clark
Conference of State Bank Supervisors CEO Brandon Milhorn provided a look at state regulators' priorities.
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Complaints Against Mortgage Lenders and Servicers Ease in 2024

January 21, 2025
Shannon Clark
Mortgage-related complaints submitted by consumers to the CFPB last year were the lowest since the bureau opened its door more than a decade ago. (Includes two data tables.)
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CSBS Details Focus Areas Under New Administration

January 21, 2025
Shannon Clark
Oversight of nonbank mortgage servicers, support for community banks and reinvigoration of federal partnerships are among state regulators’ top priorities.
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Lakeview Settles With State Regulators for $20 Million

January 21, 2025
Shannon Clark
The enforcement action against Lakeview/Bayview Loan Servicing puts mortgage servicers on notice that they can no longer be lax about cybersecurity compliance.
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CFPB Files First Lawsuit Tied to ATR Violations

January 21, 2025
Shannon Clark
The lawsuit accuses Vanderbilt Mortgage of originating loans without making a reasonable, good faith determination of the borrower’s ability to repay the loan. The legal action is likely to be re-evaluated under a new CFPB director, according to Sheppard Mullin attorneys.
Read More
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