Joint Release/Agencies Issue Final Standards for Assessing Diversity Policies and Practices of Regulated Entities — 2015-06-09

Board of Governors of the Federal Reserve System Consumer Financial Protection Bureau Joint Release Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency Securities and Exchange Commission Agencies Issue Final Standards for Assessing Diversity Policies and Practices of Regulated Entities Federal agencies today issued a final interagency policy statement establishing joint standards for assessing the diversity policies and practices of the entities they regulate. Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) required the Federal Reserve Board, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission to establish an Office of Minority and Women Inclusion (OMWI) at each agency to be responsible for all matters relating to diversity in management, employment, and business activities.