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Home » Store » News » FHFA Wants More Workplace, Business Diversity from FHLB

FHFA Wants More Workplace, Business Diversity from FHLB

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In efforts to encourage and promote diversity, the Federal Home Loan Banks and the Office of Finance were directed to include demographic data pertaining to their boards of directors in its annual minority and women inclusion reports submitted to the Federal Housing Finance Authority. “FHFA’s minority and women inclusion regulations reflect the importance the agency places on diversity and inclusion,” said Sharron Levine, associate director at FHFA’s Office of Minority & Women Inclusion. “The amendments to the regulation focus attention on the Federal Home Loan Banks’ responsibility to promote diversity in nominating or soliciting nominees for positions on their respective boards of directors.” The banks and Office of Finance must now be more specific and include descriptions of their outreach activities and....
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