A significant change has taken place at the Federal Reserve Board. Ever since its inception, the Division of Consumer and Community Affairs has been directed by an attorney with extensive experience in writing and interpreting regulations. In addition, the Division Director was expected to have at least some minimal experience with on-site examinations. All that has changed with the appointment of Sandra Braunstein as the new Director of DCCA.
Braunstein brings neither legal nor examination experience to the job. Instead, Braunstein's background is in community affairs. She has headed the Division's policies and programs on community and economic development. Her appointment indicates a possible change of emphasis for the Board. Certainly we can expect continued attention on predatory lending and unfair or deceptive trade practices.
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
Print Friendly!
Email This Article!
Discuss NOW!
