Financial institutions drop the ball on diversity

Megabanks, including Bank of America, JPMorgan Chase, and Wells Fargo, are still lagging when it comes to diversity and inclusion, the House Financial Services Committee found. An analysis of diversity data from 2015 to the present provided by the nation’s eight largest banks found that although the financial institutions are making progress, “there is still […]
  • Joey Pizzolato
  • August 20, 2019
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Predicting the Top Regulatory Issues for 2019

Gazing into a crystal ball from my office in Cleveland, here are some of the key issues I predict we’ll grapple with in 2019: First, what will the Consumer Financial Protection Bureau look like in its first full year with a new sheriff in town? Kathy Kraninger assumes the director role from a previous position […]
  • Mark Edelman
  • February 25, 2019
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Compliance Insider: Post-Election Musing

They say elections have consequences, and by all accounts, the 2018 midterms were definitely consequential. As of this writing, the Democrats have flipped 33 seats to take control of the House, effectively quashing President Donald Trump’s hopes of pushing through his legislative agenda. Republicans appear to have increased their Senate majority by two seats but […]
  • Michael Benoit
  • December 17, 2018
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Compliance Insider: Choice 2.0 … Again

The House Financial Services Committee’s (HFSC) worked on the Financial Choice Act (“Choice Act 2.0”) in April, based on an earlier version from the last Congress (Choice Act 1.0). As often is the case in Washington, what is true today may not be tomorrow, and the landscape for financial reform has — not surprisingly — […]
  • Michael Benoit
  • May 10, 2017
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