Joseph Firschein leads the Federal Reserve Board’s Community Affairs team that is responsible for working with Reserve Banks, financial institutions, and community-based organizations to promote effective programs and strategies associated with community development lending, investing, and financial services. The team is also responsible for assessing the annual performance of Reserve Banks with respect to the Community Affairs function. In addition, Mr. Firschein oversees the Board’s Consumer Advisory Council (CAC) made up of business and community leaders from each of the Reserve Bank regions that provides guidance to the Board of Governors on emerging banking and financial services policy issues.
Prior to joining the Federal Reserve Board, Mr. Firschein served as a Director in Fannie Mae’s Housing and Community Development Division where he managed the business segment responsible for financing community development financial institutions and led the company’s efforts to sell foreclosed single family homes to public entities and nonprofits. Prior to joining Fannie Mae, Mr. Firschein managed lending to community development financial institutions at the U.S. Treasury Department CDFI Fund and served as lead community development analyst at the U.S. Office of Management and Budget (OMB) Housing Branch. Mr. Firschein is actively involved with a number of Washington, D.C.-based nonprofit and educational organizations. Mr. Firschein has an MBA in Finance from the University of Maryland, a MPP from the UC Berkeley, and a BA in Psychology from Stanford University.