Regulators issue final Dodd-Frank standards for assessing diversity policies and practices of covered entities in the financial services industry

In accordance with section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, six federal agencies (Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission) published the final standards for creating and monitoring diversity policies and practices in the entities they oversee on June 10, 2015.