CAMELS Rating Rewrite
The House Financial Services Committee has approved legislation intended to force federal examiners to hold banks accountable for their diversity and inclusion efforts.  This would thus redesign bank supervision to reflect social-welfare objectives in addition to statutory and regulatory compliance with express directives such as those embodied in the Community Reinvestment Act.  Advocates believe that banks without sufficient diversity or inclusion are riskier, but this is not yet a widely-established view.

DIVERSITY2.pdf