Anna Moneymaker/Getty Images Raskin announced in late December he'd been diagnosed with diffuse large B-cell lymphoma, which he described as a 'serious but curable form of cancer,' and said he was about to begin chemo-immunotherapy. Maryland congressman Jamie Raskin announced Wednesday he’s been diagnosed with cancer. Without a master account, nonbank financial institutions must partner with banks insured by the Federal Deposit Insurance Corp. Capitol Building on Januin Washington, DC. Sarah Bloom Raskin has also drawn scrutiny for her work at Reserve Trust: The nonbank fintech company is the only one of its like to have received special access to the Fed's payment system – an occurrence that happened when Sarah Bloom Raskin served as the company's director.Īccess to Federal Reserve services is sought after by many fintechs and other nontraditional financial services companies, because there are a number of benefits, including the ability to borrow from the Fed's discount window and to earn interest from deposits at the central bank. If banks and other financial institutions do not take these steps to distance themselves from fossil-fuel companies, Sarah Bloom Raskin has said the Fed should penalize them. The Fed nominee has previously argued that all financial institutions should re-evaluate their relationships with energy companies and has advocated for a push toward sustainable investments that do not depend on carbon and fossil fuels.
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