Federal Reserve Board: H.2 Release for Week Ending October 31, 2015; Rep. Maxine Waters Issues Report on Diversity at Fed. Financial Agencies, Incl. the Board

The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday.

Separately, and also on November 5, 2015, Representative Maxine Waters (D-Calif.), Ranking Member of the House Committee on Financial Services, and the Tri-Caucus, issued a report, “The Dodd-Frank Act Five Years Later: Diversity in the Financial Services Agencies.” In addition, the Committee Democrats issued a letter, with the report, to the agency heads, requesting a response by December 7, 2015.

Federal Reserve Board: H.2 Release for Week Ending November 21, 2015; A Brief Comment on Diversity Practices of the Board

The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday.

Separately, the Board publishes a confounding table for its EEO-1 report and purports to be an inclusive and diverse workforce. However, the results of the report by Representative Maxine Waters (D-Calif.) (Waters report) and of the Board’s own Inspector General, shows that the current Board practices have exclusive and non-diverse outcomes.

Federal Reserve Board: H.2 Release for Week Ending November 7, 2015; Background on the Board’s OMWI Program

The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday.

Separately, Representative Maxine Waters (D-Calif.) and other Congressional Democrats issued a report (Waters Report) about diversity within the federal financial regulatory agencies. The executive summary for the report indicated that the Board’s director for the Office of Minority and Women Inclusion (at the time of this writing the Board calls the office, the office of diversity and inclusion (or ODI)) is Ms. Sheila Clark.

Diversity and Inclusion: Congressional Democrats Deeply Disappointed with Federal Financial Regulatory Agencies Joint Statement; Statement Said to be Ambiguous, Opaque, and Weak

According to the press release, Representative Maxine Waters (D-Calif.), ranking member of the Committee and chief architect of section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), P.L. 111-203, and Representative Joyce Beatty (D-Ohio), who oversees the implementation of section 342 of Dodd-Frank, stated that they were deeply disappointed with the structure and scope of the joint statement.

Federal Reserve Board: H.2 Release for Week Ending March 12, 2016; Dems Request Update to 2013 GAO Study on Diversity in Financial Services Agencies and Industry

The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday.

Dems. requested that the General Accountability Office update its 2013 report “Diversity Management: Trends and Practices in the Financial Services Industry and Agencies after the Recent Financial Crisis”

Federal Financial Regulatory Agencies: Financial Services Democrats Receive Responses from Agencies; Seek Further Action and Commitment for Measurable Results

In a previous post, I discussed the publication of a report by the U.S. House of Representatives’ Democrats (Representative Maxine Waters (D-Calif.), Representative Al Green (D-Tx.), and members of the Tri-Caucus) on the diversity and inclusion issues within the federal financial agencies. Agency Date submitted Link Comment Consumer Financial Protection Bureau December 7, 2015 http://democrats.financialservices.house.gov/uploadedfiles/2015.18.25_diversity_report_and_reforms_agency_responses_final.pdfContinue reading Federal Financial Regulatory Agencies: Financial Services Democrats Receive Responses from Agencies; Seek Further Action and Commitment for Measurable Results

CFPB: House Committee Investigates Allegations of Discrimination; Views Differ on Motivations for Hearings–Destroy CFPB or Address Discrimination

While the context of the hearing was about the allegations of discrimination, the issue became clouded with the question whether the CFPB should continue to exist. Because of this entanglement, the Democrats were concerned that complaints of discrimination (which the Democratic side holds as serious in their own right) was being used by the GOP majority as a method to undermine the agency, which the GOP would favor.

Federal Reserve Board: Board Issued 2017 Office of Minority and Women Inclusion Report. Slightly More Clarifying Information Included; Potential Improvement Obscured by Lack of Explanation

n reading the 2017 OMWI report, the report has essentially the same content and structure as in 2016; however, there were some additions. The additions are concerning as they allow worrying questions about the Board’s seriousness to this important issue, given its history in this area.

The reader is made to feel skeptical of all Board activities, even if true progress is being made. More explanation, and the elimination of obscurity, of programs being performed with the money of United States citizens is expected and required.