Office of Minority and Women Inclusion Annual Report to Congress
In fulfillment of its statutory responsibility and its commitment to accountability, the CFPB’s Office of Minority and Women Inclusion is pleased to present its annual report pursuant to Section 342(e) of the Dodd-Frank Act. This report provides detailed information about the CFPB’s diversity and inclusion efforts from January 1, 2012, until December 31, 2012, unless otherwise noted.
The CFPB’s OMWI office is responsible for developing standards for (1) equal employment opportunity and the racial, ethnic, and gender diversity of the workforce and senior management of the agency; (2) increased participation of minority-owned and women-owned businesses in the programs and contracts of the agency, including standards for coordinating technical assistance to such businesses, and (3) assessing the diversity policies and practices of entities regulated by the agency. In addition, each office is required to advise its agency head on the impact of the policies and regulations of the agency on minority-owned and women-owned businesses.