States Need Guidelines When Hiring Outside Attys: Ex-AG

Law360, New York (February 2, 2012, 7:19 PM EST) -- As Dodd-Frank gives state governments more power to enforce federal consumer protection laws, it is imperative that states are more transparent about their use of private attorneys, former Florida state Attorney General Bill McCollum and others told U.S. politicians Thursday.

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, a state attorney general can sue to enforce Dodd-Frank's consumer protection provisions, as well as any other regulations issued by the newly created Consumer Financial Protection Bureau, according to McCollum.

“I am concerned that the expansion...
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