CUNA worries about 342

According to recent news reports, the "Credit Union National
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.

--
You received this message because you are subscribed to the Google Groups "Office of Minority and Women Inclusion Group" group.
To post to this group, send email to office-of-minority-and-women-inclusion-@googlegroups.com.
To unsubscribe from this group, send email to office-of-minority-and-women-inclusion-+unsubscribe@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/office-of-minority-and-women-inclusion-?hl=en.