Diversity and inclusion self-assessment for regulated entities
Financial entities can better position themselves to meet the needs of the consumer financial marketplace when diversity and inclusion are prioritized.
Learn more about submitting a voluntary self-assessment
Learn more about the Diversity and Inclusion self-assessment form including details regarding the information we are seeking and what we plan to do with it.
Submit an assessment
You can submit your assessment online, by mail, or by email.
If you would like to print and mail in a self-assessment form you may do so by mailing to CFPB OMWI, 1700 G Street NW, Washington, DC 20552.
You can also email a copy of your completed self-assessment to OMWI_diversityassessments@cfpb.gov.
Download instructions for preparing and sending your self-assessment form
Benefits to entities who participate
Entities benefit from using the assessment tool to analyze their diversity programming by:
- Identifying potential gaps within their diversity and inclusion, human capital and supplier diversity programming
- Learning how their peers are doing within this industry and identifying common challenges and best practices
- Ensuring that their institution is meeting the needs of all consumers as a result of diverse perspectives, an inclusive environment and innovative products
- Capturing new customers and new markets
- Strengthening their organizations by gaining access to broader talent pools
Background
In 2015, an interagency policy statement established joint standards for assessing the diversity policies and practices of entities regulated by the agencies. These standards provide a framework for advancing workforce and supplier diversity based on leading policies and practices.
CFPB assesses diversity within financial services:
- As a requirement of Dodd Frank Act Section 342
- To understand the demographic diversity within the financial services industry
- To encourage financial institutions to provide products and services to a broader range of consumers and to do business with a broader range of businesses including those in underserved communities
- To encourage hiring, retention and promotion of minorities and women within financial services
- To reduce incidences of discriminatory practices within financial service
Frequently asked questions
You can also view our FAQ handout .