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
In a unanimous ruling on February 21, the U.S. Supreme Court narrowed the definition of a whistleblower under the Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act)....more
3/1/2018
/ Anti-Retaliation Provisions ,
Digital Realty Trust Inc v Somers ,
Dodd-Frank ,
Internal Reporting ,
Reporting Requirements ,
Retaliation ,
Sarbanes-Oxley ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Whistleblower Protection Policies ,
Whistleblowers
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
Employers increasingly face the difficult scenario of employees who misappropriate company data in the pursuit of whistleblower claims alleging misconduct by the employer. Such cases can present a complex mix of regulatory,...more
2/24/2017
/ Bank Secrecy Act ,
Banking Sector ,
Banks ,
Confidentiality Agreements ,
Dodd-Frank ,
Labor Code ,
OCC ,
Retaliation ,
Sarbanes-Oxley ,
Securities and Exchange Commission (SEC) ,
Whistleblower Protection Policies ,
Whistleblowers
The Trump administration's "Regulatory Freeze Pending Review" (Freeze Memo) instructs the heads of federal executive departments and agencies to send no regulation to the Office of Federal Register (OFR) until a presidential...more
2/22/2017
/ Affirmative Action ,
Blacklist ,
Conflicts of Interest ,
Department of Labor (DOL) ,
Disability ,
Disability Discrimination ,
Dodd-Frank ,
EEO-1 ,
Equal Employment Opportunity Commission (EEOC) ,
Executive Compensation ,
Executive Orders ,
Fair Labor Standards Act (FLSA) ,
Fair Pay and Safe Workplaces ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Federal Register ,
Fiduciary Duty ,
Fiduciary Rule ,
Gender-Based Pay Discrimination ,
Investment Adviser ,
Labor Law Violations ,
Minimum Salary ,
OFR ,
OSHA ,
Over-Time ,
Pay Data ,
Pay Ratio ,
Persuader Rules ,
Regulatory Agencies ,
Regulatory Freeze ,
Regulatory Oversight ,
Reporting Requirements ,
Trump Administration ,
Unions ,
Wage and Hour ,
White-Collar Exemptions ,
Workplace Injury ,
Workplace Safety
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)
Pursuant to a mandate contained in Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank or Act), six federal agencies jointly issued new Diversity and Inclusion (D&I) Standards today. These...more
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
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
1/28/2015
/ Diversity ,
Dodd-Frank ,
Employer Liability Issues ,
FDIC ,
Financial Institutions ,
Gender Discrimination ,
OCC ,
OMWI ,
Public Employers ,
Race Discrimination ,
Regulatory Agencies
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
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)