Diversity and equality

Mel Watt's term as director of Federal Housing Finance Agency ends in January, but his exit may be accelerated if the accusations in a new report prove true.

Politico reported Friday that the head of the Federal Housing Finance Agency is being accused by an employee of making inappropriate sexual advances.

The retailer is ending its nearly two-decade credit card relationship with Synchrony Financial; Mulvaney says the bureau will first negotiate, not sue, to settle disputes.

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase.

Goldman’s next CEO pushes for more women in senior roles. Fifth Third’s program to retain new moms is working. And there’s good news and bad news at Bank of America, as it bulks up on female summer interns but pays out millions to an exec fired over sexual harassment claims.

Within its complaint, a Long Island housing group claimed the CU violated state laws against discrimination, as well as the federal Fair Housing Act.

Bank of America has agreed to pay a multimillion-dollar sum to settle a defamation claim brought by former executive Omeed Malik, who was fired by the bank earlier this year, according to a person familiar with the matter.

CU executives are taking the reins at one corporate credit union, plus more news of new hires, promotions and accolades at CUs across the country.

A Chicago bank isn't afraid of taking on competitors that spend billions on technology. A state regulator is afraid of giving fintech startups too much latitude. Yet another one of our Most Powerful Women retires. Plus, blockchain's leading ladies, the fallout from a big political upset and a tool to help you stop apologizing.

The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission."

From the new business lending officer at one credit union to the controller at another, plus special recognition and more.

Rep. Cedric Richmond, D-La., the CBC's chair, requested with a meeting with the comptroller of the currency to "enlighten" him about discrimination in banking.

Bank of America is in expansion mode and wants to add 10,000 retail and other workers who better reflect the communities it serves.

Starling's Anne Boden and Mastercard's Ann Cairns have a similar warning for the banking and tech sectors. Facebook scolds activist investor Natasha Lamb for being "not nice." And some big Most Powerful Women moves, as Catherine Keating takes a new CEO job and Kathie Andrade exits TIAA.

Even with the decline, the nation's largest bank still employs a higher percentage of black employees in the U.S. than its rivals.

As these up-and-coming leaders continue to move up through the ranks, some could be heading for the corner office.

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.

Financial institutions have spent time and money to try to make their branches and digital services more accessible, but Fifth Third and TD Bank are among employers working with the nonprofit Project SEARCH to meet an overlooked need: finding jobs for young people with autism and other cognitive challenges.

Black workers are now down to about one in 10 U.S. employees inside Citigroup, according to 2017 figures in a report published on its website.

It may not have the digital buzz of fintech, but it can do more to transform how your members see you the moment they walk in the door.