Office of Minority and Women Inclusion

This post was also written by Daniel J. Moore.

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law on July 21, 2010, created some of the most sweeping changes to the financial industry since the Great Depression. Section 342 of the Dodd-Frank Act requires federal financial agencies to create an Office of Minority and Women Inclusion (“OMWI”), which is responsible for “all matters of the agency relating to diversity in management, employment, and business activities.” This provision could significantly impact the diversity practices of federal financial agencies, agency contractors, and other entities that do business with these agencies.

Continue Reading Dodd-Frank Wall Street Reform Act Requires Federal Financial Agencies To Address Diversity and Fair Inclusion of Minorities and Women