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Financial Services Law Insights and Observations

Former Florida Attorney General Comments on the Use of Outside Counsel by State AGs

Dodd-Frank State Attorney General

Consumer Finance

On October 16, former Florida Attorney General (AG) Bill McCollum was featured during a STAGE Network webinar on the "Use of Outside Counsel by State AGs to Enforce Federal and State Law."AG McCollum referred to his own experiences, including his leadership in Florida's adoption of the innovative Transparency in Private Attorney Contracts (TiPAC) law, to provide a perspective on issues related to state AGs' engagement of outside counsel. AG McCollum also examined the prospect of an increased role for state AGs in the enforcement of federal laws, particularly the consumer protection related aspects of the Dodd-Frank financial reform statute. Finally, he discussed the comparative restrictions on state and federal actors in engaging outside counsel, particularly due to Executive Order 14333 regarding compensation for outside legal services. The archived webcast can be reviewed in its entirety at this link.