Image via Wikipedia
WASHINGTON D.C. FEDERAL RESERVE (LoanSafe.org) – Sarah Bloom Raskin took office on October 4, 2010, to fill an unexpired term ending January 31, 2016.
Prior to her appointment to the Board, Ms. Raskin was the Commissioner of Financial Regulation for the State of Maryland. In this capacity, Ms. Raskin and her agency were responsible for regulating all types of financial institutions, including banks, credit unions, mortgage lenders and servicers, and trust companies, among others. Under her leadership, the Commissioner’s Office played an early role in the state’s response to the financial crisis, including reforming the foreclosure process, combating foreclosure rescue and loan modification scams and elevating licensing and lending standards.
As the commissioner, Ms. Raskin served on the board of directors of the Conference of State Bank Supervisors (CSBS), and served as the chair of their Federal Legislation Committee. She was also the chair of the CSBS Regulatory Restructuring Task Force, a group of state banking commissioners, and chair of the Consumer Financial Products Agency Task Force. Ms. Raskin was also a member of the State Liaison Committee for the Federal Financial Institutions Examination Council.
Prior to serving as commissioner, Ms. Raskin was Managing Director at the Promontory Financial Group. She also served as the Banking Counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Earlier in her career, Ms. Raskin worked at the Federal Reserve Bank of New York and Joint Economic Committee of the Congress
Ms. Raskin was born in April 1961 in Medford, Massachusetts. She received her B.A. in economics (magna cum laude) from Amherst College in 1983, and she received her J.D. from Harvard Law School in 1986.
Ms. Raskin is married and has three teenage children.
