New standards, which Marvin Umholtz calls wrong-headed, help regulated entities strengthen diversity.
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Agency also seeks new diversity director and plans to pay up to $240,000 annually.
Strategic consultant says the interagency OMWI diversity rule likely violates the important Fourteenth Amendment Equal Protection Clause.
Diversity must be more than just cliché. True diversity must be substantive and participatory.
The NCUA's online advertisement fill its Office of Minority and Women Inclusion director's position lists an annual salary range between $175K and $240K.
The percentage of minority employees at the NCUA increases by 1.6 percentage points from 2011 to 2013.
CUNA told the NCUA in a comment letter on Friday that the agency’s proposed diversity standards would place a burden on credit unions.
Comment period on proposed multi-agency rule closed Friday.