Role of plaintiffs lawyers in Dodd-Frank debated at House hearing

John O'Brien Feb. 9, 2012, 7:37am


WASHINGTON (Legal Newsline) - Whether state attorneys general should be allowed to hire private attorneys on a contingency fee to enforce federal law was debated last week before a House subcommittee.

Provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act allow state attorneys general to enforce federal laws against state and federally chartered banks. Former Florida Attorney General Bill McCollum was one of three who testified on Thursday before the House Judiciary Committee's Subcommittee on the Constitution.

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