Presidents Welcome

April 11, 2011 Dear Colleagues and Guests: Welcome to North Carolina for the 2011 NAAG Presidential Initiative Summit. Americas Financial Recovery: Protecting Consumers as We Rebuild, has been the year-long theme of the Presidential Initiative which has already produced ideas about how we can best protect consumers while we rebuild our countrys nancial structure. This Summit boasts an array of speakers who play a vital role in our economy. While in Charlotte, Attorneys General will meet with each other and invited guests to discuss solutions for a range of common nancial issues such as consumer scams, relationships with the newly created United States Bureau of Consumer Financial Protection, data sharing among state and federal agencies and emerging consumer protection issues. Charlotte is the second largest banking center in the country and has become a major force in our countrys economy. Its a great place to visit with arts, theatre, attractions, historic neighborhoods and sports. Most of all, you will be impressed with the people who live here. I hope you enjoy our social events at the NASCAR Hall of Fame and the Duke Mansion and feel free to stay and explore Charlotte. Thank you for your participation in this important and timely effort. Enjoy your time in North Carolina. Very truly yours,

Roy Cooper NAAG President and North Carolina Attorney General

NAAG Executive Committee

NORTH CAROLINA Roy Cooper President

WASHINGTON Rob McKenna President-Elect

MARYLAND Doug Gansler Vice President

NEBRASKA Jon Bruning Immediate Past President

NEW HAMPSHIRE Michael Delaney Chair, Eastern Region

MISSOURI Chris Koster Chair, Midwestern Region

ARKANSAS Dustin McDaniel Chair, Southern Region

NEW MEXICO Gary King Chair, Western Region (CWAG)

VERMONT Bill Sorrell Chair, Mission Foundation

WISCONSIN J.B. Van Hollen Presidential Appointment

MASSACHUSETTS Martha Coakley Presidential Appointment

COLORADO John Suthers Presidential Appointment

NAAG Presidential Initiative Summit

April 10 12, 2011 Westin Charlotte Hotel 601 South College Street Charlotte, North Carolina Hotel Phone: (704) 375-2600 NAAG Ofce: Brevard, 3rd Floor Cyber Caf: Caldwell, 3rd Floor Computers and Printers Available for Attendees

Sunday, April 10
3:00 p.m. 6:00 p.m. GRAND BALLROOM A FOYER

Registration
6:30 p.m. 8:00 p.m. 400 EAST MARTIN LUTHER KING BLVD

Welcoming Reception
NASCAR Hall of Fame
400 East Martin Luther King Blvd Two block walk/Shuttle available from Westin and Aloft Hotels

Brief Remarks
Roy Cooper, NAAG President and North Carolina Attorney General H.A. Humpy Wheeler, Founder, Wheeler Company and former President and General Manager of Lowes Motor Speedway in Charlotte

COOPER

WHEELER

Presidential Initiative Summit Sponsors

Monday, April 11
8:00 a.m. 9:00 a.m. GRAND BALLROOM D

Breakfast Buffet for All Attendees

9:00 a.m. 9:30 a.m. GRAND BALLROOM A & B

Opening Remarks
Roy Cooper, NAAG President and North Carolina Attorney General Honorable Anthony Foxx, Mayor of Charlotte
COOPER FOXX

9:30 a.m. 10:45 a.m.

GRAND BALLROOM A & B

Combating Financial Scams

MODERATOR

Steve Bullock, Montana Attorney General

PANELISTS
BULLOCK

Peter Skillern, Executive Director, Community Reinvestment Association of North Carolina Ken Eudy, CEO, CapStrat David Elliott , Director, Victims and Citizens Services Section of NC DOJ

SKILLERN

EUDY

ELLIOTT

10:45 a.m. 11:00 a.m. 11:00 a.m. - Noon

BREAK GRAND BALLROOM A & B

Keynote Address
Professor Elizabeth Warren, Assistant to the President of the United States

WARREN

Noon 1:15 p.m.

GRAND BALLROOM D

Luncheon Address
Holly Petraeus, Director, Ofce of Service Member Affairs, Consumer Financial Protection Bureau Mrs. Petraeus will speak about how the Attorneys General can be a partner in the Bureaus efforts to educate and protect our nations service members and their families.

PETRAEUS

Monday, April 11
1:30 p.m. 2:30 p.m. GRAND BALLROOM A & B

The New World of Enforcement Post Dodd-Frank

The Act preserves the crucial role that state Attorneys General have in protecting consumers from nancial fraud and abuse not only by preserving state laws that are more stringent, but also by expanding the authority of Attorneys General to enforce federal laws and regulations. This discussion will focus on issues to consider regarding dual state-federal jurisdiction as well as best practices with respect to coordinated enforcement between state and federal agencies.
MODERATOR

MILLER

Tom Miller, Iowa Attorney General

PANELISTS

PINCUS

THOMPSON

BRILL

Andy Pincus, Partner, Mayer Brown Larry Thompson, General Counsel, Pepsico Julie Brill, Commissioner, Federal Trade Commission

2:30 p.m. 3:30 p.m.

GRAND BALLROOM A & B

Preempted or NotReshaping of Federal and State Powers under Dodd-Frank

The Acts codication of Cuomo and Barnett signals Congresss favor of state law enforcement and its intention to allow more regulation of national banks by the states. It permits federal preemption only of inconsistent state statutes and thereby allows states to enact and enforce tougher banking standards. The creation of a protective oor rather than a ceiling at the federal level has the potential to signicantly change the authority of state Attorneys General in protecting consumers. What effect do these developments have on enforcement authorities of Attorneys General?
MODERATOR

John Suthers, Colorado Attorney General

SUTHERS

PANELISTS

STRATTON

FRIEND

WILMARTH

Hal Stratton, Senior Counsel, Brownstein Hyatt & Farber and Former New Mexico Attorney General Amy Friend, Managing Director, Promontory Financial Group Professor Arthur Wilmarth, George Washington University School of Law

3:30 p.m. 3:45 p.m.

BREAK

Monday, April 11
3:45 p.m. 4:45 p.m. GRAND BALLROOM A & B

The Power of Data Sharing and Usage

In creating the Consumer Financial Protection Bureau, the Act contemplates an unprecedented amount of data sharing among federal agencies and between federal and state agencies. Beyond the mechanics of how information sharing systems should and can be implemented is the question of how this immense amount of data can best be utilized. This discussion will focus on how regulators can best use data not only to enforce the law, but also to educate consumers and prevent harm from occurring in the rst place.
MODERATOR

Rob McKenna, Washington Attorney General

MCKENNA

PANELISTS

RATCLIFFE

HARWOOD

Janneke Ratcliffe, Associate Director, UNC Center for Community Capital Ira Goldstein, Director of Policy Solutions, The Reinvestment Fund Charles Harwood, Deputy Director, Bureau of Consumer Protection, Federal Trade Commission

6:00 p.m. 8:30 p.m.

400 HERMITAGE ROAD

Reception/Dinner
Historic Duke Mansion
400 Hermitage Road Continuous Shuttle Service from Westin and Aloft Hotels throughout the evening

Brief Remarks
Roy Cooper, NAAG President and North Carolina Attorney General

Music
COOPER

Alan Black, cello, Principal Cellist, Charlotte Symphony Wendy Rawls, violin, Greensboro Symphony Scott Rawls, viola, Associate Professor, UNC-Greensboro

Tuesday, April 12
7:15 a.m. 8:15 a.m. GRAND BALLROOM A PROMENADE

Breakfast Buffet for All Attendees

8:15 a.m. 9:15 a.m. GRAND BALLROOM A & B

Guest Speaker
Barry Ritholtz, author of Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy, and CEO & Director of Equity Research at FusionIQ
RITHOLTZ

9:15 a.m. 10:15 a.m.

GRAND BALLROOM A & B

Too Big to Fail? How Best to Regulate and Structure Financial Institutions to Ensure Future Economic Prosperity
MODERATOR

Martha Coakley, Massachusetts Attorney General

PANELISTS

COAKLEY

HOENIG

ZANDI

The Honorable Thomas Hoenig, President, Federal Reserve Bank of Kansas City Mark Zandi, Chief Economist, Moodys Analytics

10:15 a.m. 10:30 a.m.

BREAK

Tuesday, April 12
10:30 a.m. 11:45 a.m. GRAND BALLROOM A & B

Just Over the Horizon Emerging Consumer Financial Protection Issues

Panelists offer additional issues for Attorneys General, consumer advocates, and industry representatives to consider in the post Dodd-Frank world.
MODERATOR

Greg Zoeller, Indiana Attorney General

PANELISTS

What is Abusive under Dodd-Frank?

ZOELLER

Tom Ryan, Senior Counsel, American Express

The Impact of Credit Rating Agencies

Professor Robert Jackson, Columbia Law School

Auto Lending
RYAN JACKSON

Kathleen Keest, Senior Policy Counsel, Center for Responsible Lending

Noon 1:00 p.m.

GRAND BALLROOM A & B

Lunch and Keynote Address

Brian Moynihan, CEO, Bank of America

MOYNIHAN

Tuesday, April 12
1:00 p.m. 2:00 p.m. PROVIDENCE BALLROOM I

Looking Back/Looking Forward What Triggered the Financial Crisis and How Best to Avoid Another
There are a number of strongly held opinions about the cause of the nancial crisis. Panelists will offer their opinion in a spirited discussion, with an eye toward helping us all consider what to look for and what should be done to avoid a future nancial collapse.
MODERATOR

Lisa Madigan, Illinois Attorney General

PANELISTS
MADIGAN

Peter Wallison, Arthur F. Burns Chair in Financial Policy Studies and Co-Director, Financial Policy Studies program at the American Enterprise Institute for Public Policy Research Professor Michael Barr, University of Michigan Law School Rick Rothacker, Reporter, Charlotte Observer

WALLISON

BARR

ROTHACKER

2:15 p.m.

PROVIDENCE BALLROOM I

Closing Remarks
Roy Cooper, NAAG President and North Carolina Attorney General
COOPER

SAVE THE DATE Summer Meeting

June 20-22, 2011 The Drake Hotel Chicago, Ill.

2030 M Street, NW Eighth Floor Washington, DC 20036 202-326-6000 www.NAAG.org