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As a result of the late-2000s recession, section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated merger of OTS with the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau (CFPB) as of July 21, 2011.
Sarah Bloom Raskin (Born April 15, 1961) is an American attorney and regulator, who is currently a member of the Board of Governors of the Federal Reserve System.