Arthur E. Wilmarth, Jr.

Arthur Wilmarth, Jr.
Title:
Professor Emeritus of Law
Address:
2000 H Street, NW
Washington, District Of Columbia 20052
United States
Phone:
202-994-6386
Fax:
202-994-9446
Email:
[email protected]

Arthur E. Wilmarth, Jr. joined the faculty in 1986, after 11 years in private law practice. Prior to joining GW Law's faculty, he was a partner in the Washington, DC, office of Jones Day. During his 34 years as a member of the faculty, Professor Wilmarth taught courses in banking law, contracts, corporations, professional responsibility, and American constitutional history. He served as Executive Director of the Center for Law, Economics & Finance from 2011 to 2014.

Professor Wilmarth is the author of Taming the Megabanks: Why We Need a New Glass-Steagall Act (Oxford University Press, 2020), and co-editor of The Panic of 2008: Causes, Consequences, and Implications for Reform (Edward Elgar, 2010). He has published more than 40 law review articles and book chapters in the fields of financial regulation and American constitutional history. In 2005, the American College of Consumer Financial Services Lawyers awarded him its prize for the best law review article published in the field of consumer financial services law during the previous year.

Professor Wilmarth has testified before committees of the US Congress, the California legislature, and the DC Council on financial regulatory issues. In 2010, he was a consultant to the Financial Crisis Inquiry Commission, the body established by Congress to report on the causes of the financial crisis of 2007-09. During 2008-2009, he served as Chair of the Section on Financial Institutions and Consumer Financial Services of the Association of American Law Schools, after serving as the Section's Chair-Elect and Annual Program Chair during 2007-2008. Professor Wilmarth is a member of the international advisory board of the Journal of Banking Regulation, published by Palgrave Macmillan Ltd. He is also a member of the advisory board of the American Antitrust Institute.

Professor Wilmarth was a member of GW's Faculty Senate for 16 years. He served as Chair of the Faculty Senate's Executive Committee in 2004-2005 and 2008-2009. He was a long-time member of the Faculty Senate’s Committee on Professional Ethics and Academic Freedom and chaired that Committee for several years. He received the Trachtenberg Prize for University Service in 2005.

 

Publications

Education

BA, Yale University; JD, Harvard University

In the News

"Republicans and Wall Street Are Smearing Biden’s Bank Regulator as a Commie"

October 22, 2021
Arthur E. Wilmarth, Jr. writes for The New Republic criticizing Senate Republicans for trying to sink the nominee for chief regulator of U.S. national banks.

"Wyoming Wants to Be the Crypto Capital of the U.S."

June 28, 2021

Arthur E. Wilmarth, Jr. is quoted in Slate about the potential risks of Wyoming's special-purpose depository institutions.

"Bank M&A Rules Could Get Even Tougher Under Biden"

April 07, 2021
Arthur E. Wilmarth, Jr. is quoted in the American Banker about how regulators have allowed banking industry consolidation for decades.

"Abolish the Comptroller of the Currency"

March 03, 2021
Arthur E. Wilmarth, Jr. is quoted in Washington Monthly about how the survival of national banks is largely a matter of political influence.

"The OCC's and FDIC's Attempts to Confer Banking Privileges on Nonbanks and Commercial Firms Are Unlawful and Threaten to 'Bankify' Our Economy"

December 18, 2020

Arthur E. Wilmarth, Jr. writes in the FinReg Blog that Congress and the courts should quash attempts to allow technology firms to acquire banks.

"Why It Would Be a Huge Mistake to Allow Big Tech Firms to Acquire Banks"

November 26, 2020

Arthur E. Wilmarth, Jr. writes in Fortune about why the U.S. should maintain the separation between banking and commerce.

"Bringing Back Glass-Steagall"

November 19, 2020

Arthur E. Wilmarth, Jr. discussed on the "Fin-Reg Pod" podcast why a clear separation needs to be made between banks and capital markets.

"OCC Payments Charter Proposal Raises Questions About What Is a Bank"

November 05, 2020

Arthur E. Wilmarth, Jr. is quoted in Roll Call about the OCC's authority to charter a national bank and the role Congress may play.

"How Jane Fraser Broke Banking’s Highest Glass Ceiling"

October 19, 2020
Arthur E. Wilmarth, Jr. is quoted in Fortune about how regulatory action against Citi may bolster the position of incoming CEO Jane Fraser.

"Court Case Reveals New Details of Fake-Account Allegations at Fifth Third"

October 01, 2020

Arthur E. Wilmarth, Jr. is quoted in the American Banker about new developments in a case brought against Fifth Third by the CFPB.