Judge Nixes Ftc's Attempt to Regulate Lawyers

Summary


The Federal Trade Commission has no authority to regulate the conduct of lawyers, a federal judge in Washington, D.C., concluded in a case that once had the legal community fearing for the sanctity of the attorney-client privilege.

U.S. District Judge Reggie B. Walton ruled late last week in favor of the American Bar Association in a suit challenging the FTC's right to apply provisions of the 1999 Gramm-Leach-Bliley Act to lawyers.

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Extract


Judge Nixes Ftc's Attempt to Regulate Lawyers

The act calls for financial institutions to notify customers about their privacy policies. Tax and real estate lawyers working in banking-related fie...

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