Dwight Smith's practice focuses on bank regulatory and compliance, corporate, and consumer finance matters. His clients include bank and thrift organizations of all sizes across the country, as well as nonbanks that provide financial products and services, such as alternative lenders and payment processors.
Mr. Smith has advised clients on new duties and obligations arising from the government's response to the financial crisis, including the Dodd-Frank Act, new capital requirements, the response to the too-big-to-fail phenomenon and changes in bank supervision'developments that impact all bank and thrift organizations.
He provides counseling and assistance with bank mergers, public and private securities offerings, internal management, and the organization of new banks; advice to payment processors on Regulation E; and assistance to providers of nonbank products and services on state licensing and regulation; and counseling to banks and nonbanks on trust and other fiduciary activities, including compliance with federal and state law on wealth and asset management.
Mr. Smith counsels banks and nonbanks on compliance with the consumer financial protection statutes, the Bank Secrecy Act, the Community Reinvestment Act, and federal and state privacy statutes. In particular, he has focused on the laws affecting credit and debit cards and residential mortgage lending.
Awards and Honors:
Chambers USA, Notable Practitioner (2013)
This Practice Note is intended to give non-US legal practitioners a degree of familiarity with the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (Dodd-Frank Act), the implementing regulations and the impact on foreign financial institutions. The Dodd-Frank Act was revised in important respects in 2018 by the Economic Growth, Regulatory Reform and Consumer Protection Act (EGRRCPA), with notable effects for both US and foreign banking institutions.
This Practice Note examines the US regulatory regime for hedge funds and private equity funds introduced by Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including oversight functions of the Financial Stability Oversight Council and Securities and Exchange Commission, registration and reporting requirements, and a brief summary of the Volcker Rule, which restricts relationships between banking firms and hedge funds and private equity funds.
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0330 161 1234