Arthur E. Wilmarth, Jr.

Arthur Wilmarth, Jr.
Professor of Law
2000 H Street, NW
Washington, District Of Columbia 20052
United States
[email protected]

Arthur E. Wilmarth, Jr. joined the faculty in 1986, after 11 years in private law practice. Prior to joining GW Law, he was a partner in the Washington, DC, office of Jones Day. Professor Wilmarth teaches 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) (forthcoming), 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 banking law 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 bank 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. During 2008-2009, he served as Chair of the Section on Financial Institutions and Consumer Financial Services for 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 the 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.




BA, Yale University; JD, Harvard University

In the News

"Taming the Megabanks: Why We Need a New Glass-Steagall Act"

September 24, 2020

Arthur E. Wilmarth, Jr. writes in the FinReg Blog that a new Glass-Steagall Act is needed to separate banks from securities markets.

"'No Precedent': In Building Truist, the Bank Got to Keep a Regulator It Likes"

September 03, 2020

Arthur E. Wilmarth, Jr. is quoted in The Charlotte Observer about how the newly formed Truist will remain regulated by the state.

"The OCC Should Withdraw Its Proposed 'True Lender' Rule"

August 31, 2020

Arthur E. Wilmarth, Jr. writes in The FinReg Blog about the legality and validity of the OCC's proposed rule regarding "true lenders."

"Will Citi Snafu Bring Fresh Scrutiny to Custodial Banks?"

August 25, 2020
Arthur E. Wilmarth, Jr. is quoted in the American Banker about how Citi's blunder may generate a closer examination of custodial banking.

"Wells Fargo Asset Cap Is Now One of the Costliest Bank Penalties"

August 24, 2020

Arthur E. Wilmarth, Jr. is quoted by Bloomberg Law about how a Federal Reserve cap on Wells Fargo is turning out to be costly.

"The FDIC Should Not Allow Commercial Firms to Acquire Industrial Banks"

June 23, 2020

Arthur E. Wilmarth, Jr. writes in the FinReg Blog about the FDIC policy reversal on preventing acquisition of industrial banks by commercial firms.

"Shopping For Regulators"

February 01, 2020

Arthur E. Wilmarth, Jr. is quoted by the Federal Reserve Bank of Richmond's Econ Focus on the future of the dual banking system in the US.

"US Bank Regulator Sharpens Teeth On Wells Fargo, Surprising Critics"

January 24, 2020

Arthur E. Wilmarth, Jr. is quoted by Reuters on how the OCC may be shedding its image as soft on big banks by taking on Wells Fargo.

"Why Some Banks Are Ditching Their State Regulators"

September 17, 2019

Arthur E. Wilmarth, Jr. is quoted by The Wall Street Journal on how the OCC is championing deregulation in banking.

"A Day After Blocking House Demand for Trump's Tax Returns, Mnuchin Addressed Gathering of His Top Fundraisers"

May 07, 2019
Arthur E. Wilmarth, Jr. is quoted in The Washington Post about Treasury Secretary Munchin's appearance at a fundraiser with executives he is tasked with regulating.