John D. Socknat, a partner in the Consumer Financial Services Group at Ballard Spahr and co-leader of the firm’s Mortgage Banking Group, has been named a Fellow of the American College of Consumer Financial Services Lawyers.

Mr. Socknat was sworn in at the College’s Annual Meeting on April 18 in San Francisco.

The American College of Consumer Financial Services Lawyers (ACCFSL) was established in 1996 to enhance the practice of consumer financial services law and ethics in the profession. Membership is by invitation only and is limited to lawyers whose principal practice is in consumer financial services law, who have achieved preeminence in the field, and who have made repeated and substantial contributions to the promotion of learning and scholarship in consumer financial services law through teaching, lecturing, and published writings.

“It is an honor to join the College, with its outstanding reputation and record of accomplishment in enhancing the quality of consumer financial services law and its practice,” Mr. Socknat said. “I am especially proud to join my Ballard Spahr colleagues who are Fellows, and look forward to working with them and all the Fellows on initiatives to benefit the public and profession.”

Mr. Socknat is the eighth attorney from Ballard Spahr to be admitted to the College, among the highest number of any firm.

Based in Ballard Spahr’s Washington, D.C., office, Mr. Socknat advises clients on laws and regulations involving the consumer financial services industry. In addition to federal laws including the Truth in Lending Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, and the Fair Debt Collection Practices Act, Mr. Socknat handles matters involving state laws and regulations on consumer credit, debt collection, and telemarketing.

In the mortgage banking area, Mr. Socknat counsels on business issues affecting the residential and commercial mortgage banking industries.

His clients include mortgage and consumer finance companies, financial institutions, servicers, collection agencies, title companies, real estate brokers, and secondary-market investors.

Mr. Socknat has spoken and published widely on topics related to consumer financial services, including serving as editor of the Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute, for which he authored a chapter on state law and preemption.

“John has earned this recognition. He does outstanding work on behalf of clients and makes significant contributions to the field of consumer financial services law through education and advocacy,” said Alan S. Kaplinsky, who leads Ballard Spahr’s Consumer Financial Services Group and was the College’s first President. “His knowledge, skills, and experience will benefit the College and help advance its mission.”

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