Arthur E. Wilmarth, Jr.
- Professor Emeritus of Law
- 2000 H Street, NW
Washington, District Of Columbia 20052
- [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.
BA, Yale University; JD, Harvard University
"The OCC's and FDIC's Attempts to Confer Banking Privileges on Nonbanks and Commercial Firms Are Unlawful and Threaten to 'Bankify' Our Economy"
Arthur E. Wilmarth, Jr. writes in the FinReg Blog that Congress and the courts should quash attempts to allow technology firms to acquire banks.
Arthur E. Wilmarth, Jr. writes in Fortune about why the U.S. should maintain the separation between banking and commerce.
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.
Arthur E. Wilmarth, Jr. is quoted in the American Banker about new developments in a case brought against Fifth Third by the CFPB.
Arthur E. Wilmarth, Jr. writes in the FinReg Blog that a new Glass-Steagall Act is needed to separate banks from securities markets.
Arthur E. Wilmarth, Jr. is quoted in The Charlotte Observer about how the newly formed Truist will remain regulated by the state.
Arthur E. Wilmarth, Jr. writes in The FinReg Blog about the legality and validity of the OCC's proposed rule regarding "true lenders."
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