office of minority and women inclusion

Subscribe to office of minority and women inclusion

The CFPB’s Office of Minority and Women Inclusion (OMWI) has issued its third annual report to Congress covering the OMWI’s activities in 2015.  The Dodd-Frank Act required the CFPB and various other federal agencies, including the Fed, OCC, FDIC, NCUA, and SEC, to establish an OMWI, and also required each OMWI to submit an annual report to Congress.… Continue Reading

 On April 29, 2014, 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 (Act).

In the Report, CFPB stated that six agencies under Dodd-Frank have completed the final diversity policy statement, which now is undergoing final approval by the agencies, signaling that release of the final standards may be imminent. … Continue Reading

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

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 including the Fed, Treasury, OCC, FDIC, NCUA, SEC and FHFA, to establish an OMWI, and also required each OMWI to submit an annual report to Congress. … Continue Reading

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 developed by the agencies’ Offices of Minority and Women Inclusion (OMWI). The Dodd-Frank Act directed the CFPB, OCC, Fed, FDIC, NCUA and SEC to establish an OMWI and required each agency’s OMWI to develop assessment standards for the entities regulated by the agency.                  … Continue Reading

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 the Fed, Treasury, OCC, FDIC, NCUA, SEC and FHFA, to establish an OMWI, and also required each OMWI to submit an annual report to Congress. … Continue Reading

In his remarks last week to the Congressional Black Caucus Foundation, CFPB Director Richard Cordray spoke about the role of the Office of Minority and Women Inclusion (OMWI) that various federal agencies are required to establish pursuant to Section 342 of the Dodd-Frank Act.  Those agencies include the Fed, Treasury, CFPB, OCC, FDIC, NCUA, SEC and FHFA.   … Continue Reading

On April 30, the CFPB announced the appointment of Stuart Ishimaru as Director of the CFPB’s Office of Minority and Women Inclusion (OMWI). As we reported,  the Dodd-Frank Act required the CFPB and various other federal agencies including the Fed, Treasury, OCC, FDIC, NCUA, SEC and FHFA, to establish an OMWI.… Continue Reading

Section 342, a provision of the Dodd-Frank Act we have previously written about but that hasn’t otherwise gotten much attention, could ultimately have a significant impact on the banking, credit union and securities industries. The provision required the establishment of an Office of Minority and Women Inclusion (OMWI) by various federal agencies.… Continue Reading