Title VIIOutreach on Changes to the Law
This title of the JOBS Act follows a pattern established by Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires the creation of an Office of Minority and Women Inclusion at 29 federal agencies to “monitor the diversity efforts of the agencies, the regulated entities and agency contractors.”
As we saw in the recent economic collapse, financial institutions were adept at promoting themselves as socially responsible in devising products to help minority communities—products such as subprime mortgages that turned out to hurt more than help them. This part of the law ...
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