The CFPB’s Office of Minority and Women Inclusion (OMWI) provided its annual report to Congress covering the agency’s efforts in 2023. Section 342 of the Dodd-Frank, Wall Street Reform, and Consumer Protection Act (Dodd-Frank) mandates that the OMWI agency provide an annual report to Congress regarding the successes achieved, challenges, and other findings.… Continue Reading
office of minority and women inclusion
Ballard Spahr to hold webinar on: How the U. S. Supreme Court’s Decision in College Admissions Could Impact Diversity, Equity & Inclusion Programs in Financial Institutions
By Alan S. Kaplinsky on
Tomorrow at Noon, ET, three of my colleagues at Ballard Spahr will be presenting a webinar entitled: “How the U.S. Supreme Court’s Decision in College Admissions Could Impact Diversity, Equity & Inclusion Programs in Financial Institutions.” Register here.
The invite for the program, in relevant part, described the program as follows:
In the weeks since the U.S.… Continue Reading
CFPB’s Office of Minority and Women Inclusion issues annual report
By Dee Spagnuolo on
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
CFPB Announces Final Diversity Standards under Dodd-Frank Section 342 Are Completed
By Suzanne O. Lufadeju on
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
CFPB: Industry should “start now” to comply with workplace diversity and inclusion standards
By Brian D. Pedrow on
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
CFPB’s Office of Minority and Women Inclusion issues second annual report
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
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
CFPB proposes standards for assessing diversity policies of regulated entities
By John L. Culhane, Jr. on
Posted in CFPB General, Regulatory and Enforcement
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
CFPB Office of Women and Minority Inclusion to propose diversity standards for regulated entities
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
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
Diversity standards highlighted in Director Cordray’s remarks to Congressional Black Caucus Foundation
By John L. Culhane, Jr. on
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
CFPB Selects Director for Office of Minority and Women Inclusion
By John L. Culhane, Jr. on
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