Agencies issue interagency policy statement on standards for diversity policies

This story appeared in Bank Digest.

The Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit Union Administration, and Securities and Exchange Commissions are issuing a final interagency policy statement establishing joint standards for assessing the diversity policies and practices of the entities they regulate, as required by the Dodd-Frank Act.

In connection with the policy statement, the agencies are requesting public comments on a proposed collection of information. The policy statement is effective June 10, 2015. Comments on the collection of information must be submitted by Aug. 10, 2015.