Anthony Sharett Talks About What Banking Industry Can Expect From Consumer Financial Protection Bureau in 2015

News / March 9, 2015

Partner Anthony Sharett is quoted in the January 2015 “State of the Industry” report published by October Research LLC. In a story headlined “Dodd Frank Update: Amendment, Supervision and Need for Dialog Highlight 2015,” Sharett says that the banking industry should keep an eye on the Consumer Financial Protection Bureau (CFPB) because “The servicing component of the new rules is going … be a hot bed topic for compliance managers. These rules need to be focused on by lenders not just because they are complex, not just because there are so many facets, but because we know this is an area of emphasis for the CFPB.”

Sharett also notes, “I think we’re seeing an increased dialog between the industry and the CFPB, and I think that’s a positive thing.”