Fintech Firm Founder Rejects GOP Allegations on Raskin, Fed Bank
- Biden nominee worked for Reserve Trust after Treasury post
- Toomey, other Senate Republicans suggest conflict of interest
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A founder of a fintech firm that President Joe Biden’s nominee for the top bank supervisory post at the Federal Reserve worked for after serving in the Obama administration said Friday that Republican allegations that she behaved unethically in interacting with a regional Fed bank are “completely false.”
Sarah Bloom Raskin’s “conduct was appropriate, ethical and correct in every respect,” Dennis Gingold, co-founder and former chairman of the Reserve Trust company said in a statement to Bloomberg News.