Federal Reserve Board Announces Consumer Division Director's Retirement

Federal Reserve

On January 3, the Federal Reserve Board announced that Sandra Braunstein, the director of the Division of Consumer and Community Affairs, will retire on April 1, 2014. Ms. Braunstein has led the division for 10 years, part of her nearly 27 years of service with the Federal Reserve Board. During her time leading the division, the Federal Reserve developed a new regulatory framework for credit cards and established new regulatory protections for consumers in the residential mortgage market. Ms. Braunstein also oversaw the creation of mortgage foreclosure mitigation and neighborhood stabilization programs, and played a key role in the transition of division staff and resources to the CFPB.