Diversity Rating in Banking - Your House At Work


House Democrats are proposing that all banks and credit unions receive a new “diversity and inclusion” rating in an unprecedented step that would fundamentally alter federal regulators’ critical “CAMELS” rating system that currently employs a series of metrics that solely assess the financial health of banking institutions.

Feelings in Finances. I’d love to hear defenses of this.


I hear this is a great approach to causing a collapse. :thinking:


“What do you have for collateral?” Is now “How do you self-identify?”

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I identify as a low interest rate. lol

Zero. I’m a great risk because I self-identify as oppressed.

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Hell, with how diverse I feel today, the bank should be paying ME reparations interest!

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It’s another form of the Community Reinvestment Act all over again.

Hey, hey…ho, ho…maxine waters has got to go. :sunglasses:

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This is the stupidest thing I have or will read today.


Hold their beer…

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I self identify as a black disabled woman. What does that get me?

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Just another tool to shake down the banks. Quote from Maxine Waters.

In 2020, our nation’s banks are still mostly white & male!

Maybe woman and minorities should start their own banks and compete with them. You know, instead of the federal government taking them over without compensation through regulatory capture.

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Somebody needs to tell Al that political power and super power are not the same…

“We need to change it and we need to change it right away. The excuse that we can’t find any, that’s what I’m hearing from some of you, that’s not acceptable,” Rep. Al Green, D-Texas, said at a Wednesday hearing held by the subcommittee. "When you have power, you have to use it. We have the power. Regulations may be the thing to do. I think the carrot was a good idea, but after having heard some things today, I think we have to move to the stick, that’s regulations.”

This is the stupidest thing I have read today…so far.

It bumped the Bernie phony Greta phone call.


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$80 billion

I self identify as African American based on my 1% heritage from countries like Algeria & Morocco in the north.

How does that improve my bank’s rating?

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Your credit score is 2,000

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The obsession with race among liberals is stunning. They are consumed by it. I think it’s probably a mental disorder. So when companies find the perfect candidate for a job, they may not be allowed to hire him because of his race? I would call that evil.


Every big bank would love to have more diversity in their mid and upper management. One challenge is that in the MBA world, where a lot of this talent comes from, banking is an unattractive choice for many women and minorities.

Why? Because frankly, not a lot of people in banking look like them. Consulting, tech, and media are more attractive. The below shows survey results of most desirable industries:

Trying to force diversity at places that would already love more diversity seems foolish. I’ve been to NBMBAA and NSHMBA conferences - banks fall all over themselves for talented people of color.

JP Morgan has an incredibly mature program around D&I, but even they struggle to attract and retain targeted candidates.

You can’t legislate every problem out of existence.

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Regular reminder: The above is a very bad argument.

I guess you never read trumps twitter account…

Seems like the fastest way to get more women and minorities in management to me. Are you against women and minority owned businesses or something?