Washington, DC – Today, in reaction to the news that President Obama has nominated Federal Reserve Board Governor Sarah Bloom Raskin to serve as Deputy Treasury Secretary, NCRC President and CEO John Taylor made the following statement:
“Sarah Bloom Raskin is sure to be an excellent Deputy Treasury Secretary, and we urge her prompt confirmation. Governor Raskin has an outstanding record in consumer protection and financial regulation. As a Federal Reserve Board Governor, she has shown an exceptional sensitivity to the needs of consumers and low- and moderate-income communities. Her voice and presence on the Federal Reserve Board will be missed.”
“Pending her departure from the Board, it will be essential that the President strive to fill the vacancy, and other future vacancies, with individuals like Sarah Bloom Raskin, who have strong backgrounds in consumer issues.”
About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.