OMWI

News & Analysis as of

Should You Sharpen Your Diversity Policies & Practices under Dodd-Frank Mandates?

The much-publicized Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 became effective on August 12, 2011. Section 342 of the Dodd-Frank Act, requiring the implementation of diversity practices for both...more

Agencies Set to Release Final Dodd-Frank Diversity and Inclusion Rules

Even almost five years after its enactment, the 2010 Dodd-Frank Act continues to add new features to the legal landscape. The most recent such regulation comes from Section 342 of the Act, entitled “Office of Minority and...more

Diversity Reports at Two Federal Agencies Offer Glimpse of Regulatory Review under Impending Dodd-Frank Diversity Standards

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), signed by President Obama in 2010 in response to the financial crisis, includes a provision intended to remedy racial and gender discrepancies at...more

Diversity reports at two federal agencies offer glimpse of regulatory review under impending Dodd-Frank diversity standards

The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), signed by President Obama in 2010 in response to the financial crisis, includes a provision intended to remedy racial and gender discrepancies at...more

CFPB’s Office of Minority and Women Inclusion issues second annual report

The CFPB’s Office of Minority and Women Inclusion (OMWI) has issued its second annual report to Congress covering the OMWI’s activities in 2013. The Dodd-Frank Act required the CFPB and various other federal agencies...more

Joint Standards Proposed for Assessing Diversity Policies and Practices of Dodd-Frank Covered Entities

Last month the six federal agencies ("Agencies") that are subject to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank" or "the Act") released jointly proposed standards for assessing the...more

Financial Regulators Propose Framework For Assessing Diversity At Financial Firms

On October 23, the CFPB, the OCC, the FDIC, the Federal Reserve Board, the NCUA, and the SEC proposed joint standards for assessing the diversity policies and practices of regulated institutions. Section 342 of the Dodd-Frank...more

Federal Regulators Propose Standards for Assessing Diversity Policies of Regulated Entities

Six federal agencies have proposed joint standards for assessing the diversity policies and practices of regulated entities relating to employment and contracting with third parties. The proposal was developed by the...more

CFPB proposes standards for assessing diversity policies of regulated entities

The CFPB and five other federal agencies have proposed joint standards for assessing the diversity policies and practices of regulated entities relating to employment and contracting with third parties. The proposal was...more

CFPB Office of Women and Minority Inclusion to propose diversity standards for regulated entities

The CFPB’s Office of Women and Minority Inclusion (OMWI) has issued its first annual report to Congress covering the OMWI’s activities in 2012. The Dodd-Frank Act required the CFPB and various other federal agencies including...more

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