“In the last two years, regulated entities slightly increased their submissions of assessments of their diversity policies and practices,” Sheila Clark, program director of the Fed’s Office of Diversity and Inclusion, said in congressional testimony published ahead of a hearing Tuesday.
“However, we are not satisfied with the level of responsiveness.”
She said the Fed is continuing to explore ways to promote greater participation by the banks, including by working with other financial regulators. . ."READ MORE >
Fed Wants Banks to Say What They’re Doing to Promote Diversity
By Rich Miller
