Government
May 25, 2010
ABA Lobbies for Lawyer Exemption
The Senate's sweeping financial regulation bill would create a consumer protection bureau with broad authority to regulate lawyers as if they were mortgage lenders or other non-bank financial institutions.
Daily Journal Staff Writer
WASHINGTON - The Senate's sweeping financial regulation bill would create a consumer protection bureau with broad authority to regulate lawyers as if they were mortgage lenders or other non-bank financial institutions, according to the American Bar Association.
That federal oversight of legal services could damage the confidential attorney-client relationship, the ABA says, as w...
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