The United States Equal Employment Opportunity Commission (EEOC) and three other federal agencies issued a joint statement vowing to use existing laws to protect employees and the general public from discrimination and bias...more
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
On November 22nd, the CFPB issued a press release announcing that a stipulated final judgment and order (Order) were filed in the U.S. District Court for the Southern District of New York against Sterling Infosystems, Inc....more
The CFPB’s Office of Minority and Women Inclusion (OMWI) has issued its annual report to Congress covering the OMWI’s activities in FY 2016. The Dodd-Frank Act required the CFPB and various other federal agencies, including...more
4/14/2017
/ Annual Reports ,
Consumer Financial Protection Bureau (CFPB) ,
Discrimination ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Dodd-Frank ,
EEO-1 ,
Equal Employment Opportunity Commission (EEOC) ,
Financial Institutions ,
Minority-Owned Businesses ,
OMWI ,
Women-Owned Businesses
Women in the real estate financing sector have a new opportunity to connect with others in their field and to access and exchange information about the industry. On October 18, the Mortgage Bankers Association (MBA)...more
Ballard Spahr Partner Dee Spagnuolo joined Director Stuart Ishimaru of the CFPB’s Office of Minority and Women Inclusion and other industry leaders for the panel discussion "Diversity and Dodd-Frank Section 342," on September...more
9/19/2016
/ American Bar Association (ABA) ,
Consumer Financial Protection Bureau (CFPB) ,
Disability ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Dodd-Frank ,
Financial Institutions ,
FOIA ,
LGBTQ ,
Minority-Owned Businesses ,
OMWI ,
Veterans ,
Women-Owned Businesses
Members of Ballard Spahr’s Consumer Financial Services group recently participated in the American Bar Association Business Law Section Annual Meeting held in Boston, Massachusetts. On September 8, Ballard partner, Dee...more
9/12/2016
/ American Bar Association (ABA) ,
Consumer Financial Protection Bureau (CFPB) ,
Disability ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Dodd-Frank ,
Financial Institutions ,
FOIA ,
LGBTQ ,
OMWI ,
Veterans
On June 29, 2016, BancorpSouth Bank announced a proposed settlement and consent order with the CFPB and the U.S. Department of Justice of charges that the bank’s mortgage lending practices violated the Equal Credit...more
7/28/2016
/ Banking Sector ,
Banks ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Cooperative Compliance Regime ,
Department of Justice (DOJ) ,
Diversity ,
Dodd-Frank ,
ECOA ,
Fair Housing Act (FHA) ,
Financial Institutions ,
Mortgage Lenders ,
Mortgages ,
Race Discrimination ,
Redlining ,
Residential Real Estate Market
In a notice to be published in tomorrow’s Federal Register, the CFPB, OCC, Fed, FDIC, SEC, and NCUA announce that the Office of Management and Budget has approved the “information collection” contained in their “Final...more
7/12/2016
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Diversity ,
Dodd-Frank ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Information Statements ,
NCUA ,
OCC ,
OMB ,
OMWI ,
Policies and Procedures ,
Regulatory Agencies ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Transparency Directive
Just days after the release of the final diversity standards under Section 342 of the Dodd-Frank Act, several prominent lawmakers and business leaders have criticized the new standards for not going far enough to promote...more
The CFPB was among six federal agencies that issued final new diversity and inclusion standards earlier this week. The other agencies were the OCC, Fed, FDIC, NCUA and SEC. The standards go into effect on June 10, 2015 and...more
6/12/2015
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Diversity and Inclusion Standards (D&I) ,
Dodd-Frank ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
NCUA ,
OCC ,
OMWI ,
Securities and Exchange Commission (SEC)
On April 29, 2015, the Office of Minority and Women Inclusion (OMWI) of the Consumer Financial Protection Bureau (CFPB or Bureau) released its third Annual Report for 2014, as mandated by Section 342(e) of the Dodd-Frank Act...more
Last week, the Office of Inspector General published its findings following an audit assessing the CFPB’s human resources-related operations and other efforts for equal employment. The audit, which was conducted in response...more
I recently participated in a panel presentation at the MBA Strategic Markets and Diversity Summit in Washington, D.C. Stuart Ishimaru, Director of the Consumer Financial Protection Bureau's Office of Minority and Women...more
On June 26, 2014, I participated in a panel presentation at the MBA Strategic Markets and Diversity Summit, in Washington, D.C. Stuart Ishimaru, Director of the Consumer Financial Protection Bureau’s Office of Minority and...more
6/30/2014
/ Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Diversity ,
Dodd-Frank ,
Employer Liability Issues ,
Employment Policies ,
Equal Employment Opportunity Commission (EEOC) ,
FDIC ,
Hiring & Firing ,
NCUA ,
OCC ,
Securities and Exchange Commission (SEC)
The Equal Employment Opportunity Commission (EEOC) continues to crack down on allegedly discriminatory employer policies and practices involving criminal background checks....more
7/26/2013
/ Consumer Financial Protection Bureau (CFPB) ,
Criminal Background Checks ,
Discrimination ,
Dodd-Frank ,
Dollar General ,
Equal Employment Opportunity Commission (EEOC) ,
Hiring & Firing ,
Job Applicants ,
Race Discrimination ,
Title VII ,
Truth in Lending Act (TILA)
In This Issue:
- CFPB Monitor Named to the ABA Journal Annual Blawg 100 List
- Temporary CONGRESS PASSES LEGISLATION TO FIX CFPB PRIVILEGE WAIVER PROBLEM
- CFPB DESCRIBES PLANS FOR COORDINATING WITH STATE...more
The Consumer Financial Protection Bureau (CFPB) has issued another reminder that, effective January 1, 2013, it will assume responsibility for enforcing the Fair Credit Reporting Act (FCRA). Earlier this year, the CFPB...more