Rodge Cohen Quoted in Wall Street Journal Article on Impact of New York Department of Financial Services

October 3, 2011
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On October 3, Mr. Cohen was quoted in The Wall Street Journal article titled, “Wall Street's New Watcher,” which addressed the impact of the new state agency, New York Department of Financial Services, and the department head, Benjamin Lawsky, on the financial industry and economy. Mr. Cohen discussed Mr. Lawsky's role regarding the recent agreement by client Goldman Sachs to sell its Litton Loan Servicing subsidiary, where Mr. Lawsky required that Goldman, Litton and the buyer promise not to process foreclosure documents without reviewing case files and adhere to other business practices. “It was a potentially significant problem,” Mr. Cohen explained. Mr. Lawsky wasn't “a bully” and “wanted to get it done.”