Shara Chang is Counsel in the Washington, DC office of Buckley Sandler LLP where she represents corporate clients in matters relating to consumer protection regulation and enforcement. Her practice focuses on providing pragmatic compliance solutions to banks, mortgage companies, marketplace lenders, and other fintech companies on a variety of matters, including those related to unfair, deceptive, and/or abusive acts or practices (UDAAP) laws, Consumer Financial Protection Act (CFPA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Fair Housing Act (FHA), privacy and data security issues, Real Estate Settlement Procedures Act (RESPA), and the Truth in Lending Act (TILA).
Ms. Chang’s recent representations have included:
- Developing and enhancing compliance risk management programs, policies, and procedures
- Conducting risk assessments for compliance with federal consumer protection laws, regulations, and investor requirements
- Performing a fair lending risk assessment for a major telecommunications company
- Representing companies in investigations and potential enforcement actions initiated by federal regulators, including the Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB)
- Conducting acquisition due diligence reviews
- Advising high net worth and other niche lenders on consumer finance matters
- Advising a major a U.S. bank in an examination of its compliance management system
Ms. Chang was originally an Associate at Buckley Sandler before joining San Francisco-based fintech company, Affirm, Inc. as lead Product Counsel, where she advised business units on the legal and regulatory aspects related to the design, implementation, and execution of the company’s product set. Prior to that, Ms. Chang was an Associate at Cleary Gottlieb Steen & Hamilton LLP, where her practice focused on U.S. bank regulatory matters, including regulatory aspects of bank mergers and acquisitions, bank charter formations and conversions, capital adequacy, and U.S. regulatory reform legislation.
Ms. Chang is active in the American Bar Association’s Business Law Section, where she serves as Chair of the Banking Law Committee’s Task Force on Diversity and Inclusion, Vice Chair of the Consumer Financial Services Committee's Task Force on Diversity and Inclusion, and Vice Chair of the Small Dollar Lending Task Force. She was selected by the Business Law Section to serve as one of five Ambassadors nationwide from 2013-2015. Ms. Chang is a Past President of the Greater Washington Area Chapter, Women Lawyers Division of the National Bar Association (GWAC) and participated in the inaugural class of the DC Bar’s Leadership Academy. She served as an Associate Trustee for the Washington Lawyers’ Committee for Civil Rights and Urban Affairs.
Ms. Chang has been featured in the Lawyers of Color’s 2013 Hot List Issue, which recognizes early to mid-year attorneys who are excelling in the legal profession. In 2014, she was named to the Super Lawyers list as a rising star in the areas of consumer law and banking. She was also named to the National Bar Association's 2015 "40 Under 40" list, which recognizes the nation’s top lawyers under age 40 who exemplify a broad range of high achievement, including in vision, innovation, leadership, and legal and community involvement.
Ms. Chang received her J.D. from Howard University (cum laude). During law school, she served as Executive Publications Editor for the Howard Law Journal and interned for the Honorable Anna Blackburne-Rigsby of the District of Columbia Court of Appeals. Ms. Chang holds a M.A. in Economics from York University and a B.Com. from Ryerson University.
Shara Chang discussed "Serving the Underserved: Lessons in Marketing and Emerging Markets" at the ABA Consumer Financial Services (CFS) Winter Meeting in Carlsbad, CA on Saturday, January 14, 2017.Speaking Engagement
WASHINGTON, DC (January 9, 2017) – Buckley Sandler LLP, a premier financial services, government enforcement, and litigation law firm, today announced the promotion of eight associates in four of its offices to counsel, and one of its regulatory attorneys to associate, effective January 1, 2017. “...In The News
Buckley Sandler LLP is pleased to announce that Shara Chang has been chosen to receive the “Nation’s Best Advocates: 40 Lawyers Under 40” award presented by the National Bar Association. The award recognizes the nation’s top lawyers under 40 who exemplify a broad range of high achievement,...Press Releases
Buckley Sandler is pleased to announce that our colleague Shara Chang was elected Secretary of the DC Bar , the second-largest unified jurisdictional bar in the country. Ms. Chang represents leading financial institutions and other corporate clients in connection with regulatory compliance matters...Press Releases
Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent research, peer nominations, and peer evaluations. We are proud...Press Releases
Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent research, peer nominations and peer evaluations. In 2014,...In The News
Shara Chang is featured in Lawyers of Color's 2013 Hot List Issue, which recognizes early- to mid-career attorneys who are excelling in the legal profession. Honorees were chosen to represent six regions throughout the Continental United States and receptions were held in Atlanta, Chicago, Dallas,...In The News
Two Buckley Sandler LLP attorneys, Shara Chang and David Morrow have been selected by the American Bar Association’s (ABA) Business Law Section to participate in leadership development programs. Ms. Chang will participate as one of five Ambassadors nationwide and Mr. Morrow will participate as one...In The News
On December 2, 2016, the Office of the Comptroller of the Currency (“OCC”) announced its plans to move forward with developing a special purpose national bank charter for financial technology (“fintech”) companies. Accompanying the Comptroller of the Currency, Thomas J. Curry’s announcement, the...InfoBytes
David Baris, Andrea Mitchell, and Lori Sommerfield co-authored the Practical Handbook on Fair Lending for Bank Directors and Executive Officers , published by the American Association of Bank Directors. Although the concept of fair lending has existed since the late 1960s, in recent years the...Articles
The fifth edition of the Practising Law Institute’s Consumer Financial Services Answer Book was published this month, with 29 Buckley Sandler attorneys contributing to this leading desk reference. The 2016 edition of the Consumer Financial Services Answer Book continues to provide practitioners...Articles
The Consumer Financial Protection Bureau (CFPB) has issued an avalanche of new mortgage rules slated to become effective next January 10, and probably none will have as broad an impact on residential credit as the “Ability-to-Repay” rule (the Rule). The Rule will require nearly all lenders to make...Articles
Valerie Hletko authored chapter 35A, "Fair Lending Litigation," in the Litigation Services Handbook: The Role of the Financial Expert fifth edition, 2013 cumulative supplement. Fair lending has become an increasingly active area of litigation by government agencies and private litigants. At their...Articles
Potential risks and compliance considerations in making ‘non-qualified’ mortgages under the CFPB’s ability-to-repay rule When the Consumer Financial Protection Bureau issued its final “ability to repay” rule under Regulation Z in January, the bureau formally set a new regulatory standard requiring...Articles
Awards & Recognitions
- National Bar Association's 2015 40 Under 40 List
- Super Lawyers 2015 Rising Star: Banking, Consumer Law
- Super Lawyers 2014 Rising Star: Banking, Consumer Law
- Lawyers of Color's 2013 Hot List
- J.D., Howard University, 2009 (cum laude)
- M.A., York University, 2006
- B.Com., Ryerson University, 2005
- District of Columbia
- New York