August 24, 2007
Maia Councheva (LL.M. ’07) Accepted Into FDIC Program
Maia Councheva, a recent BU Law graduate of the Banking and Financial LL.M. program, was one of six law school graduates recently accepted into the Federal Deposit Insurance Corporation’s (FDIC) Honors Attorney Program from a pool of hundreds of candidates.
“I felt extremely honored and happy [to be accepted into the program],” Councheva said. “I also felt challenged to do something new and break ground with my LL.M. degree.”
The FDIC Honors program offers challenging professional opportunities for law school graduates, providing aspiring attorneys with a better understanding of the FDIC's role in the financial system and an opportunity for public service.
“I am particularly interested in having an opportunity to help maintain confidence in our nation's financial system and also learning financial institutions regulatory law from the inside out,” Councheva said. “Additionally, providing guidance to foreign countries that are developing deposit insurance programs was another particularly attractive prospect of the Honors Attorney position with the FDIC’s Legal Division.”
During the program, Honors Attorneys are assigned a variety of projects providing extensive legal experience as well as a substantial amount of individual responsibility. In the first year of the program, attorneys participate in three-month rotations throughout various Legal Division sections at the headquarters in Washington, D.C. and at field locations throughout the country. During the second year, participants spend time on substantive long-term projects.
Councheva will be assigned to a variety of projects throughout the Legal Division. Some of her responsibilities will include developing legal opinions on legislation related to insured depository institutions, litigating multimillion dollar actions against directors and officers when negligence and malpractice contributes to the downfall of banks, and providing legal opinions on a range of topics including the statutory powers of the FDIC.
Councheva, who was born in Lovech, Bulgaria, came to the United States as a teenager. With the LL.M program, she was able to blend her interests in finance, business and law. She obtained her J.D. from Syracuse University, where she was associate editor of the Syracuse Journal of International Law and Commerce. Prior to law school, she earned a B.A. in Political Science at the University of Michigan. Her native tongue is Bulgarian, and she also speaks German, Italian, Spanish and Russian.