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Foundation Source launches mortgage assistance program

National Mortgage Professional
May 05, 2009

Michael Bradfield appointed FDIC General Counsel MortgagePress.comMichael Bradfield, Sheila C. Bair, FDIC, FDIC Board of Directors FDIC Chairman Sheila C. Bair has announced the appointment of Michael Bradfield as the agency's new general counsel. The appointment was unanimously approved by the FDIC Board of Directors and is effective immediately. Chairman Bair, in announcing the appointment, said, "I'm very pleased to have Mr. Bradfield join the FDIC. His depth of knowledge of domestic and international banking issues as well as his extensive expertise at the Federal Reserve Board and the U.S. Treasury will serve the FDIC well at a critical time." The FDIC General Counsel is in charge of the Legal Division, which is responsible for legal work on regulatory issues, as well as FDIC transactions, litigation, and corporate and commercial claims. The Legal Division currently has 520 employees nationwide. While a partner at Jones, Day, Mr. Bradfield concentrated on domestic and international banking, mergers and acquisitions, federal bank regulatory matters, and international trade. Mr. Bradfield served as General Counsel of the Federal Reserve Board in Washington, serving as counsel to Chairman Paul Volcker and Chairman Alan Greenspan. He was responsible for the legal work of the Board, including the legal aspects of monetary policy formulation, regulation, litigation, enforcement, administration, and legislation. Before becoming the Federal Reserve's General Counsel, Mr. Bradfield was in private law practice with Cole Corrette & Bradfield. From 1968 to 1975, he served as Assistant General Counsel of the Treasury Department where he participated in the formulation of international monetary and trade policy. He also worked with the Multilateral Development Banks and the International Monetary Fund. Mr. Bradfield received his BA from Union College in Schenectady, New York, and an MA in International Affairs and a JD from Columbia University. For more information, visit
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