FY 2020 Office of Minority and Women Inclusion (OMWI) annual report to Congress
The FY 2020 OMWI annual report to Congress provides detailed information about the diversity and inclusion work of the Consumer Financial Protection Bureau from Oct. 1, 2019 through Sept. 30, 2020, unless otherwise noted. The diversity and inclusion work of the Bureau aligns closely with the Biden-Harris Administration’s Executive Order On Advancing Racial Equity and Support for Underserved Communities Through the Federal Government and with Acting Director Dave Uejio’s statement on the Bureau’s priorities, including racial equity.
The report describes the Bureau’s diversity and inclusion work over the past fiscal year and includes the following areas and highlights:
- Workforce diversity: A review of five-year trend data (2016-2020) shows female representation at the Bureau has been consistent at 50% throughout that time and minority representation has steadily increased from 37% to 41%.
- Workforce inclusion: The Bureau participated in a governmentwide joint-OMWI event on race equity that had over 9,000 attendees.
- Supplier diversity: In FY 2020, the Bureau spent $42.9 million or 31.2% of its total contractor spend with Minority- and Women-owned Businesses (MWOBs). This increase from the Bureau’s spend of 28.9% with MWOBs in FY 2019, shows a continuing positive trend since FY 2017, when Bureau spend with MWOBs was 9.2%.>
- Inclusion in business activities: The Bureau responded to the COVID-19 pandemic by enhancing financial products and services to underserved communities, such as Limited-English Proficient consumers and educated consumers on how to avoid pandemic-related scams.
- Regulated entities: In FY 2020, the Bureau used its Inclusivity portal to collect diversity and inclusion self-assessment data. The Bureau conducted research on entities’ publicly available diversity and inclusion information.