Tag: Federal Reserve

Meaningless Federal Financial-Institution Diversity Standards Just Released

By Barbara Frankel Photo by Shutterstock Six federal agencies recently released joint standards to assess diversity efforts of the financial institutions they represent. Unfortunately, the standards have no means of accountability they are entirely voluntary and require only self-assessment. The standards came from the Offices of Minority and Women Inclusion…

Optimism About Future Poses a Challenge to Recruiting and Retention

By Michael Nam Photo by Shutterstock The Survey of Household Economics and Decisionmaking (SHED), part of the Federal Reserve’s Report on the Economic Well-Being of U.S. Households in 2014, shows that more Americans are feeling better off economically than in 2013. The positive outlook on the economy extends to Black…

Report Documents Lack of Diversity in the Federal Reserve Banks

A report by the Greenlining Institute, entitled “Government That Looks Like America Racial and Ethnic Diversity in Financial Regulatory Institutions,” is being released first on DiversityInc.com. It examines the demographics of the organizations regulating the financial-services industry, and they come up shortespecially at the top. The Greenlining Institute, a nonprofit…