How the U.S. Supreme Court’s Decision in College Admissions Could Impact Diversity, Equity & Inclusion Programs in Financial Institutions

In the weeks since the U.S. Supreme Court struck down race-conscious admissions programs at Harvard University and the University of North Carolina, the discussion quickly expanded beyond higher education to corporate diversity, equity, and inclusion (DEI) programs. Questions about the impact of that decision beyond institutions of higher education have become a hotly debated topic. Specific to the financial industry is the fundamental question of how to square Section 342 of Dodd-Frank, which urges financial institutions to adopt DEI standards and to submit annual DEI reports to regulators in order to increase the representation of women and people of color in the financial industry, with the Court’s majority and concurring opinions and political leaders seeking to use that decision outside of the admissions context. Tune in as DEI experts provide an update on what the admissions decision means for the financial industry, how to assess risk in an uncertain and evolving legal landscape, and how to balance potential legal exposure with the survival of important DEI programs.

CLE Credit: This program is approved for 1.0 CLE credits in CA (Elimination of Bias), NJ (Div., Inclusion & Elim. of Bias), & NY (Div., Inclusion & Elim. of Bias). Uniform Certificates of Attendance will be provided for the purpose of seeking CLE credit in other jurisdictions. Please note: This program is not eligible for CLE credits in the following states: NV and PA.

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