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Financial Regulators Proposing Joint Standards for Assessing Diversity Policies and Practices of Regulated Entities
Last month the Board of Governors of the Federal Reserve System, The U.S. Securities and Exchange Commission, The Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the National Credit Union Administration issued a proposal for joint standards for assessing the diversity policies and practices of the institutions that they regulate.
These agencies are covered under Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act which created the Offices of Minority and Women Inclusion. Among others, the standards cover the areas of procurement and business practices and supplier diversity and practices to promote transparency of organizational diversity and inclusion.
- Please click HERE to review the Proposed Joint Standards.
- The proposed policy will be published on the Federal Register with a comment period from the public until December 24, 2013.
- NASP will submit a comment to the Federal Register. Please note that form letters submitted by multiple individuals, companies, or organizations, count as one response. We encourage NASP members to submit their own comments by the deadline.
- The Agencies request that commenters not submit the same comment to more than one Agency. The Agencies will share comments with each other, as appropriate.
Please click HERE to be directed to the Federal Register for full details including instructions to submit comments by December 24, 2013.
As part of NASP's initiatives to increase the pipeline of minorities and women in the financial services industry, the NASP Foundation hosted the Annual Mentors Luncheon & Career Symposium to inspire and develop mentoring relationships with the next generation of college students. Students from Temple University, Delaware State University, University of Pennsylvania, Cheyney University, and others attended this year's event held at in Philadelphia, PA. Read the full article HERE. Check out photos by clicking HERE.