Master-Account

Kansas City Fed Denies Reserve Trust Master Account Amid Potential Regulatory Capture

| Importance: 8/10

On June 15, 2017, the Federal Reserve Bank of Kansas City initially denied Reserve Trust Company’s application for a master account, one month after former Fed Governor Sarah Bloom Raskin joined the fintech’s board. Subsequent investigations revealed that Raskin allegedly made direct …

Sarah Bloom Raskin Reserve Trust Company Federal Reserve Bank of Kansas City Esther George Pat Toomey +1 more federal-reserve corruption revolving-door sarah-bloom-raskin kansas-city-fed +4 more
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