Thomas Scanlon, a senior lawyer who drafted part of the Dodd-Frank Act when he was at the US Treasury, has joined the international law firm of Dorsey & Whitney as counsel in Washington.

Scanlon's new practice concentrates on advising financial institutions and investors about financial products and services. He has spent years providing advice about transactions, counselling clients about ways to adapt financial products or services in view of the regulatory landscape and helping financial institutions prepare for regulatory visits and enforcement actions by America's federal bank regulatory agencies. He has extensive experience of such regulatory issues as those that arise under the Bank Holding Company Act, the Federal Deposit Insurance Act, the Electronic Fund Transfer Act and the Consumer Financial Protection Bureau’s Regulation E, the privacy rule (Regulation P) and requirements related to data security under the Gramm-Leach-Bliley Act and the Fair Credit Reporting Act. He has just left the law firm of Davis Wright Tremaine.

Before joining Davis Wright in 2015, he served as Senior Counsel in the Office of the General Counsel (Banking & Finance) at the Department of the Treasury, where he was the principal Treasury attorney who drafted the Consumer Financial Protection Act 2010 (Title X Dodd-Frank Act). Before that, he served for five years (1999-2004) as counsel for the board of governors of the Federal Reserve System in Washington, DC.