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David J. Wiese

Partner Hartford

Dave’s practice is focused on the banking and financial services industry. He routinely represents financial institutions on issues related to regulatory compliance and the development of consumer financial services and products. This includes work for state and national clients related to mortgage lending, retail installment credit, deposit products, payment cards, electronic delivery systems, regulatory relationships and enforcement actions. Dave has assisted numerous clients with respect to privacy and data security issues, including responses to cyber-security threats and data breaches. He also represents many clients in complex business arrangements, including those involving multi-state retail operations, a wide range of regulators and regulations, and the negotiation of contractual relationships with supporting vendors and business partners.

Dave is Co-Chair of the Firm’s Banking & Financial Institutions Group. With over 30 years of experience, he has developed a national reputation as a leader on issues that are important to the financial services industry. He is often called upon to testify at legislative hearings, speak to Boards on strategic planning concerns, and give educational seminars for industry and professional groups. Dave serves as outside General Counsel for the Connecticut Bankers Association. In this capacity, he is frequently involved in advocacy initiatives in Washington and elsewhere that involve critical concerns for the banking industry. He has been involved in the negotiation and drafting of hundreds of pieces of legislation (and many regulations) affecting the financial services industry. All of these experiences give Dave unique insights on what it takes to achieve a client’s business objectives, while keeping a careful eye on regulatory compliance as a core value.

Experience

Legislative Testimony

  • Testified on issues related to mortgage servicing practices, “robo- signing,” and the mortgage electronic recording system (MERS), before the Banks Committee and General Law Committee of the Connecticut General Assembly (March 2012)
  • Testified on issues related to overdraft practices, before the Banks Committee of the Connecticut General Assembly (2011)
  • Testified on issues related to foreclosures and statewide foreclosure mediation program, before the Banks Committee of the Connecticut General Assembly (2010)
  • Testified on issues related to TARP and nationwide financial crisis, before the Banks Committee of the Connecticut General Assembly (2009)
  • Testified on S.A.F.E. Act and the development of a nationwide licensing and registration system, before the Banks Committee of the Connecticut general assembly (2009)
  • Testified on issues related to subprime mortgage lending, before the Banks Committee of the Connecticut General Assembly (2008)
  • Testified on data security and the Laws that govern the financial services industry, before the Banks Committee of the Connecticut General Assembly (2008)

Industry Initiatives, Representative Matters, & Clients

  • Represented banking industry association in discussions with FinCEN on banking marijuana, hemp and CBD related business
  • Represented multiple industry associations, along with credit card and debit card issuing banks, in a nationwide class action lawsuit against a major national retailer recovering losses associated with a massive data breach
  • Prepared talking points for meeting between bank leaders and President Obama (advocating for the community banking industry)
  • Infinex Financial Group – served as outside general counsel for over 15 years, during which time Infinex has grown to be one of the largest bank-owned providers of investment and insurance products in the nation (i.e., through networking programs with community banks)
  • Negotiated and drafted legislation to allow for the issuance of prepaid network branded gift cards in Connecticut
  • Negotiated and drafted proposed legislation to allow employers in Connecticut to pay wages via payroll cards
  • Negotiated and drafted legislation concerning the escheat of abandoned property held by financial institutions, including gift cards and stored value cards
  • Participated in multi-industry coalition to negotiate and draft data breach notification laws in Connecticut
  • Negotiated and drafted legislation to establish foreclosure mediation program in Connecticut (one of the first such programs in the nation)
  • Negotiated and drafted legislation to allow banks to sell insurance products in Connecticut
  • Negotiated and drafted legislation to combat abusive and predatory mortgage lending practices

Credentials

Work Experience

  • Hinckley Allen
    • Co-Chair, Banking & Financial Institutions Group
    • Partner (2008-Present)
  • Connecticut School of Finance and Management
    • Instructor, Banking Law
  • Tyler Cooper & Alcorn, LLP
    • Partner (1990-2008)
    • Co-Chair, Financial Services Group (1998-2008)
    • Associate (1983-1989)

Honors & Awards

  • Best Lawyers in America® (2008-2022, 2024)
    • Financial Services Regulation Law

Professional Affiliations

  • American Bar Association
    • Business Law Section, Co-Chair
    • Privacy Task Force (2001-2004)
    • Insurance and Investment Products Subcommittee, Chairman (1997-2001)
    • Banking Law Committee
    • Consumer Financial Services Committee
    • Cyberspace Law Committee
  • Connecticut Bar Association
    • Financial Institutions Section, Member and Past Chairman (2013-2015)
    • Consumer Law Section, Member and Past Chairman (1991-1993)
  • Connecticut Bankers Association, General Counsel
  • Connecticut Banking Industry, Privacy Task Force, Chairman (2000-2001)
  • Connecticut Law Revision Commission, Task Force Committee, Chairman (1994)
  • Connecticut Mortgage Industry Task Force, Vice Chair (2008)
  • The Bank Compliance Association of Connecticut, Inc., Member and Past Director

Bar Memberships

  • Connecticut, 1984

Newsroom

Publication

The New Connecticut LLC Act

The new Connecticut Uniform Limited Liability Company Act (the “New CT LLC Act”) will be taking effect July 1, 2017. The New CT LLC Act is based on the Uniform Limited Liability Company Act adopted by the Uniform Laws Commission and replaces the Connec…

Firm News

Hinckley Allen Attorneys Named in Best Lawyers in America® 2024

A multitude of Hinckley Allen attorneys are recognized in their respective practice areas in Best Lawyers® 2024 edition of The Best Lawyers in America®. In addition, 11 Hinckley Allen attorneys were named in the “Lawyers of the Year” category, as wel…

Firm News

67 Hinckley Allen Attorneys Recognized by Best Lawyers in America® 2023

Hinckley Allen is pleased to announce that 67 attorneys are recognized in the 2023 edition of The Best Lawyers in America®, including 5 “Lawyers of the Year.” Best Lawyers® has also recognized 24 Hinckley Allen attorneys in their “Ones to Watch” …

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Events

Past Event

Overview of 2013 Legislative Session and Impact on Connecticut Banking Industry

June 25, 2013

Hinckley Allen  partner, Dave Wiese, will be the principal speaker at a presentation given to members of the Connecticut Bankers Association.  Dave will be giving an overview of the 2013 State legislative session and how dozens of new state laws will imp…

Past Event

2011 Directors & Senior Officers Symposium

May 17, 2011

The Connecticut Bankers Association will be hosting the 2011 Directors & Senior Officers Symposium. David Wiese will be presenting on “The Dodd-Frank Act – The Challenges Poised For Community Banks” and will provide attendees with a road map on t…