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Sandra Braunstein

Sandra Braunstein

Sandra Braunstein is currently an independent consultant, providing advice and expertise on financial strategic initiatives, including compliance management, community development, and Community Reinvestment Act issues.

Braunstein was formerly Director of the Federal Reserve Board’s Division of Consumer and Community Affairs. She retired from the Federal Reserve in 2014 after near 27 years of service.

In that position she was principally responsible for the development and administration of Federal Reserve policies and functions related to consumer protection for financial services. The division was responsible for consumer compliance supervision and enforcement, and had oversight of the Federal Reserve System’s consumer compliance examinations of state member banks and consolidated supervision in bank holding companies.

Other supervisory responsibilities housed in the division included analysis of bank and bank holding company applications for consumer-related issues, and consumer complaint handling and response. Division staff also wrote, reviewed, and interpreted regulations for certain federal consumer protection laws, including the Community Reinvestment Act.

In addition, Braunstein administered outreach efforts to the financial services industry, state, local, and federal government officials, and consumer and community organizations. Some of these responsibilities were carried out through the System’s Community Development programs. Community Development staff, housed at the Board and in the Reserve Bank and branch offices, conducted community development activities and promoted increased access to capital and credit in underserved markets. Other division staff conducted research on consumer behaviors and tracked emerging issues to gain insight into their implications for policy of consumer financial services.

Viewpoint series 1: Almost 40 years later, is it still necessary? Did it contribute to the subprime crisis?
Viewpoint series 2: In the smartphone age, CRA needs something beyond maps with circles on them
Viewpoint series conclusion: Where is CRA headed?


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