Brian D. Pedrow

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

By Brian D. Pedrow on January 19, 2015

Posted in Diversity and Inclusion, Regulatory and Enforcement

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 federal financial regulatory agencies and private financial institutions. Section 342 of Dodd-Frank directs each of the federal financial regulatory agencies to create an Office of Minority and Women Inclusion (OMWI) to oversee diversity efforts at the agencies, and further, to develop standards for assessing diversity policies and practices at regulated financial entities. … Continue Reading

CFPB: Industry should “start now” to comply with workplace diversity and inclusion standards

By Brian D. Pedrow on June 30, 2014

Posted in CFPB People, CFPB Rulemaking, Diversity and Inclusion, Regulatory and Enforcement

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 Women Inclusion, also sat on the panel.

The presentation focused on Section 342 of the Dodd-Frank Act and the proposed Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices (the Proposed Standards).… Continue Reading