Association (CUNA) has written NCUA's Office of Minority and Women
Inclusion to urge the agency implement one of the requirements of the
Dodd-Frank Act with as little additional reporting requirements as
possible."
The referenced section of Dodd/Frank requires regulators to report on
diversity at firms regulated by the agency. This is a new reporting
requirement, and the first time a diversity reporting rule has been
required to be applied so broadly. This is also the first time a
federal financial institution regulator has been tasked with this
work.
Credit Union executives met with NCUA's OMWI office director, Tawana
James, "on February 29 and..have written her a letter on March 26
expressing concern about a possible requirement to assess the
diversity practices of credit union contractors and suppliers."
Things are heating up.
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