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Regulators Continue to Take on Diversity | Troutman Pepper


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If it were not for the word “coronavirus,” the word of the year might have been “diversity” the social unrest in 2020 pushed diversity and inclusion matters to the forefront of private and public institutions alike, and has also triggered similar responses within the agencies that regulate those institutions. On February 4 and March 3, the Federal Reserve Bank of San Francisco (Federal Reserve SF) and the Federal Deposit Insurance Corporation (FDIC) announced a Framework for Change and a Strategic Plan, respectively, to confront and promote diversity within their own ranks and the communities they serve. ....

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