Bernie Nash and Lori Kalani, both members of Cozen O'Connor's State Attorneys General practice, discuss how law firms can prepare for more State AG actions in Law360. Experts say there is a growing perception that consumer protection interests, particularly in the financial sector, are going to be handled to a greater extent at the state level if the administration moves forward with its stated intention to soften regulations established by the Dodd-Frank Act or to alter or dissolve the Consumer Financial Protection Bureau. “For the next four years, if not longer, you’re seeing a different philosophy with respect to federal enforcement,” Bernie said. “So if there’s less federal enforcement, state AGs may feel they need to be doing more in those areas.”
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