2013 UNC Banking Institute Agenda - Thursday, March 21 10:30 a.m. Registration and Coffee 11:30 a.m. - 12:30 p.m. The Donald F. Clifford, Jr. Distinguished Lecture on Consumer Law: The Consumer Advocate's Perspective (Salon II & III) Michael D. Calhoun, President, Center for Responsible Lending Introduced by: Donald C. Lampe, Dykema Gossett Mike Calhoun serves as President of the Center for Responsible Lending (CRL), a nonpartisan, nonprofit research and policy institute focusing on consumer lending issues. CRL is the policy affiliate of Self-Help, the nation’s largest community development lender. Self-Help has provided over $6.4 billion in financing for first time homeowner loans and small business loans. Calhoun was a principal drafter of the North Carolina acts regulating predatory mortgage loans and mortgage brokers and lenders. He has over twenty-five years of experience in consumer lending, has authored numerous papers on the subject, and has testified before Congress and many state legislatures. Prior to working for CRL, Calhoun was the head of several lending divisions at Self-help, including the secondary mortgage market programs. He is a former member and chair of the Federal Reserve Consumer Advisory Committee. The Clifford Distinguished Lecture on Consumer Law was established by the UNC School of Law and friends following Professor Clifford’s death. Don Clifford was the Aubrey L. Brooks Professor and served as a faculty member of Carolina Law from 1964 to 2004, specializing in commercial and consumer law. He founded the law school’s very successful Festival of Legal Learning and served as a member of the Board of Advisors for the Center for Banking and Finance. 12:30 p.m. - 1:00 p.m. Lunch (Included) (Salon I) 1:00 p.m. - 1:50 p.m. After Lunch Remarks (Salon I) James M. Strother, Senior Executive Vice President and General Counsel Legal Group, Wells Fargo Introduced by: Eugene M. Katz, Wells Fargo & Company Jim Strother became executive vice president and General Counsel of Wells Fargo & Company in late 2003. He is responsible for the legal affairs of the company. Strother began his legal career with Larkin, Hoffman, Daly & Lindgren. He then joined Norwest as Counsel and was promoted to Assistant General Counsel, and then to Vice President and Assistant General Counsel. He joined Wells Fargo in 1998 as executive vice president, General Counsel and Secretary of Wells Fargo Home Mortgage. In 2001, he was named a deputy general counsel of Wells Fargo & Company, responsible for legal services for all the company’s consumer businesses including lending, deposits, retail brokerage services, insurance, and information sharing. 1:50 p.m. - 2:00 p.m. Break (Prefunction) 2:00 p.m. - 3:30 p.m. Dodd-Frank Act Implementation (Salon II & III) The panel will discuss the status of the implementation of the Dodd-Frank Act by the federal banking agencies and the FSOC. The panel will provide an overview of implementation, review affiliate transactions under Section 23A and Regulation W, discuss the prudential regulations under Sections 165 and 166 of Dodd-Frank, and explore interagency examination coordination. John A. Beccia, III, Boston Private Financial Holdings, Boston Scott A. Cammarn, Cadwalader Wickersham & Taft, Charlotte (co-coordinator) A. Patrick Doyle, Arnold & Porter, Washington, DC (co-coordinator) Patricia A. Robinson, Wachtell Lipton Rosen & Katz, New York James E. Scott, Adjunct Professor, Boston University School of Law, Boston 3:30 p.m. - 3:45 p.m. Break (Prefunction) 3:45 p.m. - 5:00 p.m. Preemption: The Continuing Saga (Salon II & III) The panel will discuss the evolving role of preemption in a post-Dodd-Frank world. The panel will offer the perspectives of a regulator, a litigator, and an in-house practitioner advising a major financial institution. Walter Dellinger, O’Melveny & Myers, Washington, DC Phillip A. Wertz, Bank of America, Charlotte Julie L. Williams, Promontory Financial Group, Washington, DC 5:00 p.m. - 6:00 p.m. Reception (Prefunction) This opportunity to mix and mingle with the participants, including program speakers and the law students who produced the North Carolina Banking Institute Journal is always a highlight of the Banking Institute. The Clearing House is the oldest banking association and payments company in the U.S., having been established in 1853. It is owned by the world's largest commercial banks. The Clearing House Payments Company provides payment, clearing, and settlement services to its member banks and other financial institutions, clearing almost $2 trillion daily and representing nearly half of the automated-clearing-house, funds-transfer, and check-image payments made in the United States. The Clearing House Association, LLC is a nonpartisan advocacy organization representing the interests of its owner banks on a variety of important banking issues. We are grateful to The Clearing House for its generous support of this reception and of our New York Lecture Series. 6:00 p.m. - 6:45 p.m. 2013 Banking Institute Annual Dinner (Salon I) Please Note: This is a separately ticketed special event, but it is included without additional charge for all speakers, students, those attending as corporate sponsors, or on other special admission rates. The Second Annual George and Susan Beischer Address (Salon I) Robert B. Albertson, Principal & Chief Strategist, Investment Strategy, Sandler O’Neill + Partners Introduction by: Anthony Gaeta, Wyrick Robbins Yates & Ponton Robert Albertson is a Principal and Chief Strategist of Sandler O’Neill + Partners. He heads Sandler O’Neill’s Investment Strategy Group, which guides the firm’s outlook on the financial services sector. He provides investment strategy for institutional investors, consults with firm clients, and works closely with the firm’s Executive Committee. Albertson is also involved in the firm’s activities in emerging markets, particularly Brazil and China. Albertson’s previous employment included Managing Director, U.S. Bank Equities Research at Smith Barney; Director of U.S. Bank Research and Global Coordinator for financial research at Goldman Sachs & Co.; and founder and President of Pilot Financial, a global financial sector investment fund focused on European, Latin, and U.S. banks, brokers and specialty finance companies. Albertson is a member of the Bretton Woods Committee, a member and former President of the Bank & Financial Analysts Association, and is a regular speaker before banking industry and supervisory organizations. In the Beischer Challenge George and Sue Beischer agreed to match up to $1 million of gifts and pledges to the Center for Banking and Finance. The gift was completed in 2011 and celebrated at the William Horn Battle Society Dinner on April 15, 2011. In honor of this transformative gift to the Center, its board of advisors voted to name the after-dinner address at the annual Banking Institute in honor of the Beischers. George Beischer died in 2011. We are pleased that the Beischer Address is an annual opportunity to remember George and to thank the Beischers for their generosity. Agenda - Friday, March 22 7:45 a.m. - 8:30 a.m. Continental Breakfast (Salon I) 8:30 a.m. - 9:45 a.m. Operational Risk - The New Supervisory Priority (Salon II & III) This panel will provide a working definition of operational risk, identify its key components, outline the supervisory expectations of bank regulators, discuss how institutions are responding to those expectations, and review the enforcement and litigation consequences of operations risk failures. The panel will also address the role of counsel in assisting client institutions in their operational risk mitigation efforts. John E. Bowman, Venable, Washington, DC Eugene M. Katz, Wells Fargo & Company, Charlotte (coordinator) Richard J. Parsons, Charlotte Julie L. Williams, Promontory Financial Group, Washington, DC 9:45 a.m. - 10:00 a.m. Break (Prefunction) 10:00 a.m. - 11:10 a.m. Bank Capital (Salon II & III) This panel will discuss current regulatory capital and liquidity coverage topics, including recent U.S. regulatory capital and liquidity developments, and current Basel Committee and other international initiatives and their relevance to U.S. regulatory and supervisory activities. The panel will also consider the impact of regulatory capital and liquidity developments on the capital-raising, funding, securitization, and balance sheet activities of U.S. banking organizations. Phil Capling, Senior Vice President, Wells Fargo Bank NA, Charlotte Steven M. Friedman, Managing Director, Bank of America, Charlotte Carol A. Hitselberger, Mayer Brown, Charlotte (co-coordinator) Charles M. Horn, Morrison & Foerster, Washington, DC (co-coordinator) 11:15 a.m. - 12:30 p.m. The Consumer Financial Protection Bureau (Salon II & III) The panel will focus on initiatives and significant actions of the Consumer Financial Protection Bureau as the agency nears its second anniversary. The CFPB has emerged as one of the most powerful and influential agencies in Washington with responsibility over virtually all bank and non-bank providers of retail and consumer financial services. Following an overview of the CFPB’s functions, the panel will offer insights in the Bureau’s exercise of its three primary powers – rulemaking, supervision, and enforcement – concluding with the panelists’ prognostications regarding Bureau actions in 2013 and beyond. Lynne B. Barr, Goodwin Procter, Boston Meredith Fuchs, Consumer Financial Protection Bureau, Washington, DC Donald C. Lampe, Dykema Gossett, Charlotte (coordinator) Eric J. Mogilnicki, WilmerHale, Washington, DC Roberta G. Torian, Reed Smith, Philadelphia 12:30 p.m. - 2:30 p.m. Center for Banking and Finance Board of Advisors Luncheon Meeting (Salon I) 2013 Banking Institute Speaker Biographies Robert B. Albertson Sandler O’Neill & Partners LP Robert B. Albertson is a Principal and Chief Strategist of Sandler O’Neill & Partners. He heads Sandler O’Neill’s Investment Strategy Group, which guides the firm’s outlook on the financial services sector. He provides investment strategy for institutional investors, consults with Sandler O’Neill clients, and works closely with the firm’s Executive Committee. He is also involved in the firm's activities in emerging markets, particularly Brazil and China. Previously, Mr. Albertson was founder and President of Pilot Financial, a global financial sector investment fund focused on European, Latin and U.S. banks, brokers, and specialty finance companies. He was Director of U.S. Bank Research and Global Coordinator for financial research at Goldman Sachs & Co., where he led a team of analysts covering the U.S. banking industry. Mr. Albertson holds an M.B.A. from Harvard Business School and a B.S. from Carnegie-Mellon University. Lynne B. Barr Goodwin Procter LLP Lynne Barr is a partner in Goodwin Procter's Financial Services Group and chair of its Consumer Financial Services Practice. She advises banks, bank holding companies, brokerage concerns, mortgage companies, trade associations, and other entities on general corporate matters, including the operation and offering of their products and services, particularly in the context of federal and state regulation of financial institutions and their activities. Ms. Barr also has extensive experience in credit and mortgage lending matters (including licensing, disclosure, documentation, interest rate limitations, and credit reporting), credit card operations, fair lending and equal credit opportunity issues, credit and deposit services, electronic banking and Internet services, privacy and data security, and insurance products. Prior to entering private practice, Ms. Barr was a senior attorney in the Division of Consumer and Community Affairs of the Board of Governors of the Federal Reserve System, where she worked on consumer credit, electronic funds transfer, and consumer leasing matters. She is also a former faculty member of the Boston University Law School Graduate Program in Banking Law. Ms. Barr earned both her B.A. and J.D. from George Washington University. John A. Beccia, III Boston Private Financial Holdings, Inc. John A. Beccia, III is Senior Vice President and Deputy General Counsel for Boston Private Financial Holdings, Inc., a publicly traded bank holding company. Mr. Beccia is responsible for enterprise-wide regulatory, compliance, and corporate law matters. He also serves as the Anti-Money Laundering Compliance Officer and the Privacy Officer for the bank holding company. Additionally, Mr. Beccia is an adjunct faculty member at the Graduate Program for Banking and Financial Law at Boston University School of Law. Mr. Beccia was previously assistant general counsel for Investors Bank & Trust Company. He also served as chief regulatory counsel and research director for The Financial Services Roundtable in Washington, D.C. Prior to joining the Roundtable, Mr. Beccia was an attorney with the law firm of Perkins Smith & Cohen LLP and John Hancock Financial Services. Mr. Beccia is a graduate of Providence College. He earned his J.D. from Roger Williams University School of Law and an LL.M. in Banking and Financial Law from Boston University School of Law’s Moring Center. John E. Bowman Venable LLP John E. Bowman is a partner in Venable’s Financial Services Group with significant experience in the public and private sectors. Prior to joining Venable, Mr. Bowman served as Acting Director of the Office of Thrift Supervision (OTS). In addition, Mr. Bowman served on the Federal Deposit Insurance Corporation and NeighborWorks America board of directors and was a member of the Federal Financial Institutions Examination Council. Prior to his tenure as Acting Director, Mr. Bowman also served the OTS as Deputy Director and Chief Counsel. Mr. Bowman began his legal career working as a senior attorney in the U.S. Department of Agriculture’s Office of the General Counsel. He went on to work as the Assistant General Counsel for Banking and Finance with the U.S. Department of Treasury. Mr. Bowman received a B.A. from California State University and a J.D. from Pepperdine University School of Law. Michael D. Calhoun Center for Responsible Lending Michael Calhoun is President of the Center for Responsible Lending (CRL), which is the policy affiliate of Self-Help, the nation’s largest community development lender. CRL is a nonpartisan, nonprofit research and policy institute focusing on cosumer lending issues. Mr. Calhoun was a principal drafter of the North Carolina acts regulating predatory mortgage loans and mortgage broker and lenders, and he has more than twenty-five years experience in consumer lending. Prior to working for CRL, he was head of several lending divisions at Self-Help, including the secondary mortgage market programs. He is a former member and chair of the Ferderal Reserve Consumer Advisory Committee. Mr. Calhoun received his B.A. in economics from Duke Universtiy and his J.D. from the University of North Carolina at Chapel Hill. Scott A. Cammarn Cadwalader, Wickersham & Taft LLP Scott Cammarn is a partner at Cadwalader in the Charlotte office. He has more than twenty years of experience in the banking industry and his legal career has spanned all areas of banking compliance and finance law. His practice focuses on regulatory matters, mergers & acquisitions, legislation and 2 lobbying, transactions, and training. He represents a number of national and international financial institutions, and has practiced before the Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Commodity Futures Trading Commission, and numerous state banking departments. Prior to joining the firm, he was the Bank Regulatory Counsel for Ally Financial (formerly, GMAC Financial Services) where he advised on bank regulatory issues including transactional, examination, compliance, and legislative matters. Before joining Ally Financial, Mr. Cammarn was the Senior Vice President and General Counsel of LendingTree and served as the Corporate Secretary. Prior to that, he served in various legal capacities over his eleven years at Bank of America. Mr. Cammarn earned a B.S. from The Ohio State University and a J.D. from Duke University School of Law. Phil Capling Wells Fargo Phil Capling, CPA, is a Director in the Asset Backed Finance and Securitization group of Wells Fargo Securities. He is part of the Bank Strategy team which provides capital markets solutions to financial services institutions. Prior to joining Wells Fargo Securities, Mr. Capling managed structured transactions for Wells Fargo’s Treasury group. Before that, he was with Ernst & Young’s assurance services group for ten years. Mr. Capling has also served as a Board Member of the American Securitization Forum (ASF). Mr. Capling is a CPA holder in North Carolina and received a B.A. from the University of North Carolina Charlotte in Accounting. Walter Dellinger O’Melveny & Myers LLP Walter Dellinger is a member of the Appellate Practice group at O’Melveny, heads the Harvard/O’Melveny Supreme Court and Appellate Practice Clinic, and is a Visiting Professor of Law at Harvard University. He is on leave from his professorship at Duke Law School. Previously, Mr. Dellinger served as Assistant Attorney General and head of the Office of Legal Counsel (OLC) from 1993 to 1996. As head of the OLC, he issued opinions on a wide variety of issues, including: the President's authority to deploy United States forces in Haiti and Bosnia; whether the trade agreements required treaty ratification; and a major review of separation of powers questions. Mr. Dellinger was also acting Solicitor General for the 1996-97 Term of the U.S. Supreme Court. During that time, he argued nine cases before the Court. In addition, Mr. Dellinger served as Special Counsel to the Board of Directors of the New York Stock Exchange in connection with the NYSE's transformation into a publicly held company and its acquisition of an electronic trading company. Mr. Dellinger received a B.A. from the University of North Carolina at Chapel Hill and J.D. from Yale University. A. Patrick Doyle Arnold & Porter LLP 3 Pat Doyle practices in the Financial Services practice group at Arnold & Porter. He has a broad background in financial institution regulation and headed the firm's financial services practice group from 1993 to 2013. Mr. Doyle regularly counsels bank holding companies, foreign banks, savings institutions, insurance companies, securities firms, hedge funds, and private equity entities on a wide variety of regulatory matters, including strategic planning, complex regulatory issues, enforcement proceedings (particularly those involving allegations of violations of the "control" regulations), and legislation. In addition, he has represented firm clients on numerous mergers and acquisitions. He is currently advising some of the nation's largest financial services companies on the applications of the Dodd-Frank Act, particularly Titles I, II, and VI. Prior to joining Arnold & Porter, Mr. Doyle served in a variety of legal positions at the U.S. Department of the Treasury, Office of the Comptroller of the Currency, including Counsel to the Multinational Banking Group, and as the Acting General Counsel of the Federal Home Loan Bank Board. Mr. Doyle earned a B.A. from State University of New York at Oswego and a J.D. from Syracuse University College of Law. Steve Friedman Bank of America Steve Friedman is a Managing Director in the Enterprise Capital Management group at Bank of America. He is responsible for capital efforts including those related to securitization exposures and other complex products. Before joining Bank of America, Mr. Friedman was the Basel program lead for Wells Fargo’s Securitization and Counterparty Credit efforts and also served as Chief Operating Officer for Wachovia’s Structured Products Group. Prior to that, he worked at J.P. Morgan developing and implementing tools to measure and manage risk. Mr. Friedman holds a B.S. in Industrial Engineering from the University of Buffalo and a M.B.A. in Finance from New York University. Meredith Fuchs Consumer Financial Protection Bureau Meredith Fuchs serves as the General Counsel for the Consumer Financial Protection Bureau (CFPB). She joined the Bureau in 2011 as Principal Deputy General Counsel before serving as Chief of Staff to CFPB Director Richard Cordray. Prior to joining the CFPB, Ms. Fuchs served as Chief Investigative Counsel of the United States House of Representatives Committee on Energy and Commerce. Previously, she held positions as Vice President and General Counsel of the National Security Archive at George Washington University, litigation partner at Wiley Rein LLP, and an officer on the D.C. Bar Board of Governors. Ms. Fuchs is a graduate of the New York University School of Law and the London School of Economics and Political Science. Carol A. Hitselberger Mayer Brown LLP Carol Hitselberger serves on Mayer Brown's Partnership Board. She focuses her practice on financing matters. Her experience encompasses securitization and other structured financial products, including structuring domestic and cross-border commercial paper-funded securitization vehicles and securitizing trade receivables, credit card receivables, aircraft leases, franchise 4 portfolios, government contracts, trademark licenses, and various other financial assets. She has experience with synthetic leases and synthetic securitizations. Her work also includes representation of program sponsors, underwriters, placement agents, advisors, liquidity providers, credit enhancers and issuers in private placements, public offerings, and Rule 144A/Regulation S executions. Ms. Hitselberger earned a B.A. from Bryn Mawr College and a J.D. from University of Pennsylvania Law School. Charles M. Horn Morrison & Foerster LLP Charles Horn is a regulatory and transactional attorney whose practice focuses primarily on banking and financial services matters. Mr. Horn represents domestic and global financial services firms of all sizes on regulatory and transactional issues affecting their organization, structure, governance, management, and operations. In addition, he provides sophisticated regulatory counseling to banks and other financial services firms relative to federal and state financial regulation, supervision, and compliance matters affecting their corporate, institutional, and retail business activities. Mr. Horn has extensive experience in the development of new capital markets and other financial products and services. Prior to joining Morrison & Foerster, Mr. Horn was a partner at Mayer Brown. He also served as Senior Attorney, then as Assistant Director, and finally as Director of the Securities & Corporate Practices Division of the U.S. Department of Treasury’s Office of the Comptroller of the Currency. Earlier, Mr. Horn held positions of with the U.S. Securities and Exchange Commission. Mr. Horn received a B.A. from Harvard College and a J.D. from Cornell Law School. Eugene M. Katz Wells Fargo & Company Gene Katz is Senior Company Counsel (Regulatory and Compliance) for Wells Fargo & Company in Charlotte. Prior to Wachovia's merger into Wells Fargo, Mr. Katz was Senior Vice President and Assistant General Counsel of Wachovia Corporation, where he served as the company's principal regulatory counsel. He was previously in private practice in Washington, DC and in Charlotte, representing and counseling institutional and individual clients on financial services regulatory, enforcement, and compliance matters. He formerly served as Director of the Litigation Division of the Office of the Comptroller of the Currency and as the Principal Deputy Chief Counsel of the Office of Thrift Supervision. Mr. Katz has served as Vice-Chair of the Banking Law Committee of the American Bar Association's Business Law Section, and as the founding chair of the Subcommittee on In-House Counsel. He is a member of the Board of Advisors of the University of North Carolina School of Law's Center for Banking and Finance. Mr. Katz has served on the adjunct faculty of the Duke University School of Law and as a lecturer for examiner training programs of the Federal Financial Institutions Examination Council. Mr. Katz received his B.A. and J.D. degrees from Tulane University. 5 Donald C. Lampe Dykema Gossett PLLC Donald C. Lampe is the Leader of Dykema’s Financial Services Regulatory and Compliance team, and serves as Office Managing Member of the Firm’s Charlotte office. He represents banks, finance companies, insurance companies and other financial service providers (including major secondary market participants) in complex consumer financial services and banking regulatory matters. In the regulatory space, Mr. Lampe serves as counsel to creditors, loan servicers, collection agencies and secondary market participants on multistate licensing regulations and substantive consumer credit laws and regulations across the country. He is also frequently called on to counsel national trade groups and industry organizations in the banking and consumer financial services sector. He has significant experience in government enforcement actions, serving as counsel to industry respondents in actions brought by state and federal regulators. Mr. Lampe earned a B.S. from Massachusetts Institute of Technology and a J.D. from Duke University School of Law. Eric J. Mogilnicki WilmerHale Eric J. Mogilnicki is a partner in the Litigation/Controversy Department, a member of the Government and Regulatory Litigation Practice Group and vice chair of the Consumer Financial Protection Bureau Working Group. He also is a member of the FinTech Group. Mr. Mogilnicki focuses his practice on congressional investigations, litigation involving public policy or regulatory issues, and counseling clients on legislative and public policy strategy. In 2010 he rejoined the firm after serving as Chief of Staff to the late Senator Edward Kennedy and, following Senator Kennedy’s death, to Senator Paul Kirk, who was appointed to fill the vacant Senate seat. In his earlier practice at the firm, Mr. Mogilnicki handled complex litigation, with an emphasis on putative class actions and the representation of financial institutions, and became a national authority on the drafting and enforcement of arbitration agreements in consumer credit contracts. Mr. Mogilnicki graduated from Yale University, where he also received his J.D. Richard J. Parsons Author Richard J. Parsons is the author of Broke: America’s Banking System, to be published by the Risk Management Asociation and released in March of this year. Prior to writing about the banking industry, Mr. Parsons spent more than thirty-one years with Bank of America, where he held P&L responsibilities in commnuity banking and corporate-wide management accountability for such diverse areas as call centers, online banking, branch sales and service processes, staffing, training, and operational risk. Patricia A. Robinson Wachtell, Lipton, Rosen & Katz Pat Robinson is of counsel at Wachtell Lipton. Prior to joining the firm in 2011, Ms. Robinson was an assistant general counsel in the legal division of the Board of Governors of the Federal Reserve 6 System. She managed the legal division's evaluation of merger and acquisition applications subject to Federal Reserve Board review under the Bank Holding Company Act, Bank Merger Act, Change in Control Act or Federal Reserve Act, and other applications and interpretive issues under these statutes. Before joining the Federal Reserve Board in 1993, Ms. Robinson was an associate at Sidley & Austin in the firm's financial institutions regulatory practice in its Washington, D.C. office. Ms. Robinson received a B.S. from Texas Tech University and a J.D. from Georgetown University Law Center. James E. Scott Boston University Law School James E. Scott is an adjunct faculty member at Boston University Law School’s LL.M. program in financial law. He has over thirty years of experience, primarily regulatory, working at the Board of Governors of the Federal Reserve System and at many major financial institutions. Currently a senior advisor to Morgan Stanley, Mr. Scott was previously General Counsel of Morgan Stanley Bank, N.A. and Chief Bank Regulatory Counsel. Prior to Morgan Stanley he was with Cadwalader, Wickersham & Taft, LLC; Citigroup; Venable, Baetjer, Howard & Civiletti, LLP; Bankers Trust Company; Bank of America; Security Pacific National Bank; and the Board of Governors of the Federal Reserve System. Mr. Scott is a graduate of the Georgetown University School of Foreign Service and received a J.D. from the University of Michigan Law School. James M. Strother Wells Fargo & Company Jim Strother is Executive Vice President and General Counsel of Wells Fargo & Company and is responsible for legal affairs for the company. Previously, he was a deputy general counsel of Wells Fargo & Company, responsible for legal services for all the company's consumer businesses including lending, deposits, retail brokerage services, insurance, and information sharing. Mr. Strother also served as Executive Vice President, General Counsel and Secretary of Wells Fargo Home Mortgage. Prior to that, he was Vice President and Assistant General Counsel with Norwest Corporation. Mr. Strother received his undergraduate and law degrees from the University of Minnesota. Roberta G. Torian Reed Smith Roberta Torain supports Reed Smith's financial services litigators with substantive banking law analysis. Ms. Torain is an experienced bank regulatory and consumer compliance lawyer, having many years of in-house service at PNC, Mellon, and Advanta. Her practice focuses on banking law specialties such as OFAC/Bank Secrecy Act, Internet banking, Fair Credit Reporting Act, Fair Debt Collection Practices Act, FACT ACT/Privacy, electronic banking, credit card law, cash management and merchant bank processing, deposit account products, bank mergers and acquisitions, and more. Ms. Torain received a B.A. from Howard University and a J.D. from Boston University School of Law. Phillip A. Wertz Bank of America Corporation 7 Phillip A. Wertz is an Associate General Counsel in the Bank Regulatory Group of the Legal Department of Bank of America Corporation. He provides enterprise-wide legal advice and subject matter expertise on U.S. bank regulatory matters. He and his team also coordinate bank regulatory applications, facilitate relationships with bank regulatory supervisors, provide regulatory advice to lines of business and other support partners on requirements of applicable bank regulatory laws and regulations, and assist in influencing and commenting on legislative and regulatory proposals, both directly and through trade associations. From 1997 to 2001, Mr. Wertz was an associate with the law firm Cadwalader, Wickersham & Taft where he worked on commercial and capital markets financing transactions. Mr. Wertz received a B.A. from the University of North Carolina at Chapel Hill and graduated from the Duke University School of Law with a joint J.D./LL.M. degree. Julie L. Williams Promontory Financial Group Julie Williams is Managing Director and Director of Domestic Advisory Practice at Promontory. In her work with clients, Ms. Williams emphasizes the importance of developing insights into the government expectations that undergird regulatory and compliance requirements. Ms. Williams joined Promontory following a distinguished two-decade career at the Office of the Comptroller of the Currency (OCC), during which she was the top legal adviser to four Comptrollers and served as Acting Comptroller on two occasions. She oversaw the Law Department, Licensing Department, and Community Affairs Department, and served on the Executive Committee. Before joining the OCC, Julie worked for ten years as a senior lawyer with the Office of Thrift Supervision and its predecessor, the Federal Home Loan Bank Board. Ms. Williams received a B.A. from Goddard College and a J.D. from Antioch School of Law. 8