The NCUA, the Fed, the OCC, the FDIC, the CFPB, and the SEC have collectively proposed "Joint Standards for Assessing the Diversity Policies and Practices" for entities that are regulated by the agencies.
"The proposed standards are intended to promote transparency and awareness of the diversity policies and practices of regulated entities and to provide guidance to the regulated entities and the public for assessing these diversity policies and practices," said a press release on Thursday.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 required each agency to establish an Office of Minority and Women Inclusion, which had to develop standards for assessing the diversity policies and practices of the entities its agency regulates.
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