The NCUA on March 11 published an information collection notice that is subject to comment related to its solicitation of proposals for outside legal counsel to assist and advise the NCUA in its various capacities.
The agency wrote that the collection of this information will assist it in further:
- Standardizing the data it uses to select outside counsel;
- Considering additional criteria in making its selections; and
- Improving efficiency and recordkeeping related to its selection process.
The agency is proposing two forms. The first form would look at estimated legal fees, cost and expenses that legal counsel would expect to invoice. The second form would focus on firm profile and expertise, malpractice insurance, price determination and contract solicitation methods, equal opportunity, lobbying, invoices, and conflicts of interest.
The timing of this notice does make you wonder whether it is in response to Representative Issa's inquiry into the agency's hiring of outside legal counsel on a contingency fee arrangement.
Read the Federal Register notice.
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