Information sharing and the potential erosion of confidentiality and privileged protection will become critically important for the industry as it struggles to keep up with all of the compliance challenges it will face, especially where the new Consumer Financial Protection Bureau is involved. “What scares me more than anything [about the CFPB] is the information-sharing stuff, because they’ve committed themselves to sharing information with the state attorneys general and the banking agencies,” Larry Platt, practice area leader with K&L Gates’ financial services practice, told attendees at a mortgage regulatory conference sponsored in the nation’s capital last week by SourceMedia. “That’s really worrisome because that’s a portal to banks that, in theory, they didn’t otherwise have.”