Financial Regulator Hires Diversity Monitor

April 30, 2012
New York Times DealBook Blog 
consumer financial protection bureau news

The Consumer Financial Protection Bureau (CFPB) has hired a director for its Office of Minority and Women Inclusion, a unit created to foster diversity within the regulator itself as well as throughout the financial industry. Stuart J. Ishimaru, previously of the Equal Employment Opportunity Commission, was chosen for the position. The agency’s diversity office is mandated under the Dodd-Frank Act, which also created the CFPB, and opened in January of this year. The Office of Minority and Women Inclusion will set hiring standards for CFPB and also must assess "the diversity policies and practices" of the firms that the bureau regulates.
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