"Prospects for a Stronger Recovery"
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 a vast array of interconnected financial institutions, including banks, credit unions, mortgage lenders, mortgage servicers, and trust companies, among others. Under her leadership, the Commissioner's Office played an early and multi-faceted role in the state's response to the financial crisis, including reforming through legislation, regulation, examination and supervision, the foreclosure process, combating foreclosure rescue and loan modification scams and elevating licensing, lending, and servicing standards. 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 the Joint Economic Committee of the Congress. Ms. Raskin received her B.A. in economics (magna cum laude) from Amherst College, and she received her J.D. from Harvard Law School.
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