"The chickens have come home to roost these are our problems and they are not disappearing on their own. here are Raskin's words from her acceptance speech last fall of an award from the Maryland Consumer Rights Coalition. Tough regulator?Īccording to Jay Hancock of the Baltimore Sun Her record suggests that Sarah Bloom Raskin, whom President Obama nominated to sit on the Federal Reserve's Board of Governors, will not be a passive regulator. The nomination is subject to Senate approval. Sarah Bloom Raskin, Maryland’s commissioner of financial regulation, was tapped by Obama to fill one of three vacancies on the seven-member board that sets federal monetary policy. On Thursday April 29, 2010, Maryland’s top financial regulator was nominated by President Barack Obama, with Janet Yellen and Peter Diamond to serve on the Federal Reserve Board of Governors. 16, 2010, Raskin spoke alongside Commissioner of the New York City Department of Consumer Affairs, Jonathan Mintz Legislative Director of the Consumer Federation of America, Travis Plunkett Senior Policy Counsel for Center for Responsible Lending, Julia Gordon Ellen Seidman, Senior Research Fellow at the New America Foundation Staff Writer for the The American Prospect, Tim Fernholz Director, Asset Building Program at the New America Foundation, Reid Cramer at an event in Washington, D.C., hosted by the New America Foundation on Consumer Financial Protection, entitled Is the Debate on the Right Track? Federal Reserve spot (from left) Sarah Bloom Raskin, Jonathan Mintz and Ellen Seidman Sarah Bloom Raskin is the recipient of the 2009 Maryland Consumer Rights Coalition Consumer Advocate of the Year Award. She was also appointed to the Federal Financial Institutions Examination Council. She has recently testified before the United States Senate Committee on Banking, Housing and Urban Development on the topic of financial literacy before the House Financial Services Committee on the topic of mortgage fraud before the Congressional Oversight Panel on the topic of regulatory restructuring and before the Joint Economic Committee of Congress on the topic of predatory lending. She also was named as Chair of the Regulatory Restructuring Task Force, a group of state banking commissioners who are developing principles for evaluating regulatory restructuring proposals and Chair of the Consumer Financial Products Agency Task Force.
Raskin was an associate, Mayer Brown, 1986-88 and also associate, of Washington DC law firm Arnold & Porter, 1988-93 ServiceĬommissioner Raskin is on the board of directors of the Conference of State Bank Supervisors, and serves as the Chair of the Federal Legislation Committee. Senate Committee on Banking, Housing and Urban Affairs) and has worked at the Federal Reserve Bank of New York and the Joint Economic Committee of Congress. Raskin was also Banking Counsel to the Senate Banking Committee (the U.S.
Raskin served as Managing Director at Promontory Financial Group. Immediately prior to joining the Office of Financial Regulation, Mrs. Raskin accumulated extensive experience in the financial industry from a range of perspectives in policy, regulatory and legal roles. Sarah Bloom Raskin was appointed on Augas Maryland's Commissioner of Financial Regulation. With Jamie she has had three children, Hannah Grace Raskin (born July 13, 1992), Thomas Bloom Raskin (born January 30, 1995), and Tabitha Claire Raskin, (born January 31, 1997). Sarah's husband Jamie Raskin is a Professor of Law at American Unversity and a Maryland State Senator. Congressman Chris Van Hollen with Jamie and Sarah Raskin on the campaign trail in 2006
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