^®: CRE Regulatory Action of the Week

Financial Agencies Publish Joint Standards for Assessing Diversity Policies and Practices of Regulated Entities
The Office of the Comptroller of the Currency; Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; National Credit Union Administration; Bureau of Consumer Financial Protection; and Securities and Exchange Commission have issued a final interagency policy statement establishing joint standards for assessing the diversity policies and practices of the entities they regulate, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The final interagency policy statement is effective on June 10, 2015. The agencies are soliciting comments only on the collection of information for these policies and practices. Comments must be submitted on or before August 10, 2015. The effective date of the collection of information will be announced in the Federal Register following Office of Management review and action on the information collection.