CFPB study: Depositories lead on supplier diversity

A Consumer Financial Protection Bureau study on diversity and inclusion in the financial services sector found depository lenders had the strongest showing in the area of supplier diversity.

Supplier Diversity: The study found 59% of sampled depository lenders had minority- and women-owned business programs, while comparatively fewer mortgage companies and other institutions published information on these programs.

More Findings: The CFPB also said:

• 17% of sampled institutions publicized an annual diversity and inclusion report on their public websites.

• 21% publicized workforce demographic metrics or individual profiles of their management teams.

• 43% had a diversity and inclusion statement on their careers page.

• 31% had a statement affirming a commitment to diversity and inclusion listed as a “core value.”