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Broker Named to Fed Council

Joseph Falk appointed to consumer advisory council

January 10, 2007

By MortgageDaily.com staff

A mortgage broker is one of 10 new members of a Federal Reserve Board council.

The Fed appointed Joseph Falk, the legislative chair of the National Association of Mortgage Brokers, to its Consumer Advisory Council, according to an announcement today.

Falk will reportedly serve a three-year term on the council, which meets three times a year in Washington, D.C., and advises the board on important policy issues related to consumer financial services under the Consumer Credit Protection Act.

"I am honored to be chosen for this position and look forward to helping the Federal Reserve Board make appropriate decisions that protect consumers and allow our country's thriving financial markets to remain strong," Falk said in the written statement.

He has often testified before the Fed about issues related to the mortgage industry and before Congress on financial issues, NAMB said. Currently, Falk is a consultant with the law firm Akerman Senterfitt, serving as an expert on lending, brokering, insurance and other business issues.

Falk has been on NAMB's board of directors since 1995, served as its president, and received the association's Leadership Award in 2006, according to the announcement.

NAMB photo of Joseph Falk
Joseph Falk

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