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FDIC Urges Financial Institutions to Complete Voluntary Diversity Self-Assessments

The FDIC is urging financial institutions it supervises to voluntarily submit self-assessments of their diversity policies and practices to the agency by Oct. 31, 2024....more

Department of Education Issues Amendments to Title IX Regulations

As long expected, the U.S. Department of Education issued amendments to Title IX regulations following the public comment period. The amended regulations—totaling 1,577 pages—make clear that sex discrimination under Title IX...more

Republican and Democratic Attorneys General spar over implications for private employers of SCOTUS ruling on affirmative action

As expected, the U.S. Supreme Court’s ruling in the Students for Fair Admissions Inc.’s lawsuit against Harvard University and the University of North Carolina, which challenged the constitutionality of the universities’ race...more

Business Better Podcast Episode: Is DEI at Risk? Considerations on the US Supreme Court Ruling Against Affirmative Action Programs [Video]

In this episode, we discuss the recent US Supreme Court ruling in the Students for Fair Admissions Inc.'s lawsuits against Harvard University and the University of North Carolina, which challenged the constitutionality of...more

Supreme Court Strikes Down Race-Conscious Admissions: Implications for Corporate DEI Programs

Summary - The Supreme Court’s decision in Students for Fair Admissions, Inc. v. President & Fellows of Harvard College and Students for Fair Admissions, Inc. v. University of North Carolina (collectively SFFA), in a 6-3...more

An Update on Diversity, Equity, and Inclusion in the Consumer Financial Services Industry, with Special Guest Naomi Mercer, Senior... [Video]

We first discuss the multiple benefits of diversity, equity, and inclusion (DEI) for financial institutions, the challenges and opportunities institutions face in implementing a DEI strategy, and how DEI applies beyond an...more

CFPB publishes report on state of D&I within financial services industry

The Consumer Financial Protection Bureau’s (“CFPB”) Office of Minority and Women Inclusion (“OMWI”) has released guidance and recommendations for small, midsize, and large organizations to demonstrate their commitment to...more

The Tokyo Olympic Games and Increased Anti-Doping Enforcement

Summary - The Tokyo Olympics is the United States’ first opportunity to target and prosecute doping conspiracies under the Rodchenkov Anti-Doping Act (Rodchenkov Act), an act that criminalizes conspiracies surrounding the...more

Highlights from the U.S. Department of Education’s Title IX Hearings

Summary - The U.S. Department of Education Office of Civil Rights (OCR) held virtual public hearings and collected written comments on Title IX enforcement from June 7 through June 11, 2021. The hearings kicked off OCR’s...more

DOE to Hold Public Hearings on Trump-Era Title IX Rules & Protections for LGBTQ+ Individuals in Schools

Summary - The Department of Education (DOE) will hold five days of virtual public hearings on Title IX enforcement starting on June 7. This comes as part of the DOE’s comprehensive review of its Title IX regulations in...more

Title IX Roundup: DOJ Memo Protects LGBTQ+ Students, DOE Launches Reg. Review

Summary - The Civil Rights Division of the United States Department of Justice (DOJ) and the Department of Education (DOE) made back-to-back announcements regarding the implementation and application of Title IX. On April...more

FDIC Encourages Participation with the Financial Institution Diversity Self-Assessment

On March 15, 2021, the FDIC’s Office of Minority and Women Inclusion (OMWI) released a Financial Institution Letter regarding diversity self-assessments. In accordance with Section 342 of the Dodd-Frank Wall Street Reform...more

Biden Executive Order Expands Title IX Protections

Summary - President Biden issued a new Executive Order on “Guaranteeing an Educational Environment Free from Discrimination on the Basis of Sex, Including Sexual Orientation and Gender Identity.” The Executive Order—which...more

Investors Speak: Diversity Matters

Summary - It’s no secret that environmental, social, and governance (ESG) issues are at the forefront of the national conversation surrounding social equity. Recently-published research also identifies these non-financial...more

President Biden Prioritizes Racial Equity Interests in Federal Procurement

Summary - As one of his first official acts as the President of the United States, President Biden issued an Executive Order on Advancing Racial Equity and Support for Underserved Communities Through the Federal...more

President Biden Prioritizes Racial Equity Interests in Federal Procurement

Summary As one of his first official acts as the President of the United States, President Biden issued an Executive Order on Advancing Racial Equity and Support for Underserved Communities Through the Federal Government...more

California Court’s Nationwide Injunction Halts Trump’s Diversity Training Ban for Contractors and Grant Recipients

Summary - A California District Court issued a preliminary injunction on Tuesday that prevents the federal government from enforcing significant portions of President Donald Trump’s September 2020 Executive Order on...more

Nasdaq Files Rule Requiring Diverse Representation on Boards of Listed Companies

SUMMARY - On December 1, 2020, The Nasdaq Stock Market filed a proposed rule with the U.S. Securities and Exchange Commission (SEC), which, if approved, will require listed companies to disclose the racial, LGBTQ+ status,...more

DOL Set to Enforce President Trump’s Executive Order 13950 on Combatting Race and Sex Stereotyping

President Trump issued an Executive Order September 22, 2020, on Combatting Race and Sex Stereotyping that prohibits federal contractors and perhaps grant recipients from certain anti-bias employee training practices. In...more

President Trump Utilizes Executive Power to Issue Order Addressing Race and Sex Stereotyping

On September 22, 2020, President Trump issued an Executive Order on Combatting Race and Sex Stereotyping. It prohibits federal contractors from certain anti-bias employee training practices in order to “promote economy and...more

Highly Anticipated Title IX Final Rules Released, Signaling New Era for Title IX Compliance

The Department of Education released the much-anticipated final rules (Rules) governing Title IX compliance in elementary, secondary, and post-secondary education institutions that receive federal financial assistance...more

FDIC Requests Submission of 2019 D&I Self-Assessments through a New and Improved Application

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. ...more

DOE Changes Student Borrower Defense Rules

The U.S. Department of Education (DOE) released final regulations for student borrower defense-to-repayment claims on August 30, 2019. The regulations create a number of notable changes, including permitting education...more

House Financial Services Committee finds megabanks need to improve their diversity

Following hearings this past spring, Representative Maxine Waters (D-CA), Chair of the House Financial Services Committee, released a statement that the Committee finds more work is needed to improve diversity at megabanks. ...more

CFPB sends letters inviting submission of diversity and inclusion self-assessments

We recently learned that several clients have received letters from the CFPB’s Office of Minority and Women Inclusion (OMWI) indicating that the Bureau will be inviting them to submit a self-assessment of their diversity and...more

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