All Categories
    Filters
    Preferences
    Search

    CFPB Diversity Self Assessment Standards and What They Mean to You

    $219.00
    *
    This session will explore the Final Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies and how you can apply these standards to your institution.

    Overview

    In August 2016, the final pieces of Dodd-Frank 342 rules were finalized. An institution's diversity self assessments will now be collected and used by the federal banking agencies to "monitor diversity and inclusion trends and identify leading policies and practices in the financial services industry".  

    Dodd-Frank's Section 342 mandated the creation of the Office of Minority and Women Inclusion (OMWI). This office is tasked with developing the standards for diverse policies and practices applied to financial institutions regulated by the federal banking agencies. The goal of the standards is to "promote transparency and awareness of diversity policies and practices". An Interagency Policy Statement, effective June 10, 2015, was issued to outline expectations and help institutions comply with requirements. Institutions are required to understand these standards and perform a diversity self assessment of their institution.  

    Covered Topics

    What you will learn

    =       What types of institutions are required to perform self assessments?

     

    =       What resources and guidance is available to help me through this process? 

     

    =       Will I have to put new processes in place to collect this information?

     

    =       How do these requirements affect other regulatory requirements, like ECOA & FHA?

     

    =       Are you required to share self assessments with the public? regulators?

     

    =       What areas of our institution are subject to self assessments? Lending? Personnel? Third Parties?

     

    =       What should the self assessment look like?

     

    =       Who should be involved in the self assessment process?

     

    =       And much, much more . . .

     

    Who Should Attend

    This informative session is designed for:

    • Executive Management
    • Compliance Officers and Staff
    • Human Resources Managers and Staff
    • Risk Managers and Staff
    • Retail Banking Management
    • Operations Management
    • Internal Audit Managers and Staff
    Products specifications
    CE Credits 2.5
    Write your own review
    • Only registered users can write reviews
    • Bad
    • Excellent

    Overview

    In August 2016, the final pieces of Dodd-Frank 342 rules were finalized. An institution's diversity self assessments will now be collected and used by the federal banking agencies to "monitor diversity and inclusion trends and identify leading policies and practices in the financial services industry".  

    Dodd-Frank's Section 342 mandated the creation of the Office of Minority and Women Inclusion (OMWI). This office is tasked with developing the standards for diverse policies and practices applied to financial institutions regulated by the federal banking agencies. The goal of the standards is to "promote transparency and awareness of diversity policies and practices". An Interagency Policy Statement, effective June 10, 2015, was issued to outline expectations and help institutions comply with requirements. Institutions are required to understand these standards and perform a diversity self assessment of their institution.  

    Covered Topics

    What you will learn

    =       What types of institutions are required to perform self assessments?

     

    =       What resources and guidance is available to help me through this process? 

     

    =       Will I have to put new processes in place to collect this information?

     

    =       How do these requirements affect other regulatory requirements, like ECOA & FHA?

     

    =       Are you required to share self assessments with the public? regulators?

     

    =       What areas of our institution are subject to self assessments? Lending? Personnel? Third Parties?

     

    =       What should the self assessment look like?

     

    =       Who should be involved in the self assessment process?

     

    =       And much, much more . . .

     

    Who Should Attend

    This informative session is designed for:

    • Executive Management
    • Compliance Officers and Staff
    • Human Resources Managers and Staff
    • Risk Managers and Staff
    • Retail Banking Management
    • Operations Management
    • Internal Audit Managers and Staff
    Products specifications
    CE Credits 2.5
    Product tags
    Presenter:

    Brandy Lalla

    Brandy Lalla is a compliance consultant who is based in New Orleans, LA . She has over 19 years of financial industry experience working in various areas of both national and community banks, including in the Internal Audit and Compliance areas.  She earned a bachelor's degree in Accounting and designations as a Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), and Certified Internal Auditor (CIA). Brandy specializes in Deposit Compliance, the Bank Secrecy Act, and Operations Risk Management.