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.
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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.
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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.
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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.
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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.
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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
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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
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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
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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.
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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
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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
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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.
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