Joseph Falk, a past president of the National Association of Mortgage Brokers and its current legislative chair, has been named to the Consumer Advisory Council of the Federal Reserve Board.The council, which meets three times a year in Washington, D.C., advises the Fed on important policy issues related to consumer financial services. Mr. Falk will serve a three-year term on the council. He is a consultant with the law firm Akerman Senterfitt, where he serves as an expert on lending, brokering, insurance, and other business issues. Mr. Falk is one of 10 new members who were added to the Consumer Advisory Council.
-
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
2h ago -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
3h ago -
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
3h ago -
The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
7h ago -
Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
11h ago -
AI is leaving its marks in a wave of recent pro se litigation with fabricated citations and debunked arguments found throughout lawsuits, attorneys say.
11h ago









