House Committee on Financial Services Holding Large Banks Accountable

Honorable Maxine Waters, Chairwoman of the U.S. House Committee on Financial Services, and Honorable Joyce Beatty, Chair of the Subcommittee on Diversity and Inclusion, recently released a report titled, “Diversity and Inclusion: Holding America’s Large Banks Accountable,” which serves as a deep dive into the actions the Committee will take regarding the diversity practices of financial services and a guide for banks and other financial institutions to follow. 

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New House D&I Office and Subcommittee Will Address Workforce and Financial Services Industry

The 116th Congress has released new rules and select committees for the new year. Of these changes include the establishment of a new Office of Diversity and Inclusion that will report on its workforce and produce a diversity plan. House Democrats are also pushing for more diversity among the corporate executives and board members, an initiative led by California Democrat Maxine Waters, Chair of the House Financial Services Committee, who is determined to use her influence to increase the number of women and minorities in the top positions in the nation’s corporate sphere.

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