• Are Compliance Management Systems the New Battlefront for the CFPB and Prudential Regulators?
  • December 19, 2012 | Authors: Robert E. Bostrom; Laureen E. Galeoto
  • Law Firms: Greenberg Traurig, LLP - New York Office ; Greenberg Traurig, LLP - Tampa Office
  • As we all know it takes more than legislation to shift a mindset away from business as usual. And by no means is the once overlooked world of consumer finance excepted from this truth. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), which seeks to change the corporate culture within American financial institutions, was just the start, but it cannot do it alone. This is where the regulators fit in. But are they rising to the challenge?