Federal affirmative action compliance obligations are an ongoing reality for nearly every community bank and credit union, and financial institutions with 50 or more employees have the added obligation of maintaining annual affirmative action plans. What’s more, affirmative action compliance obligations are continuing to evolve. Recent developments include new proposed and final rules regarding pay transparency and discrimination on the basis of sex, sexual orientation, and gender identity. These changes come on the heels of the new affirmative action regulations that were issued by the Office of Federal Contract Compliance Programs (OFCCP) updating the affirmative action rules for protected veterans and individuals with disabilities. These new developments require action by all financial institutions subject to the OFCCP’s jurisdiction – which includes nearly all banks and credit unions – and those with 50 or more employees must develop written affirmative action plans for protected veterans and individuals with disabilities and implement outreach and recruitment efforts directed at these groups. Are you complying?
This webinar will provide an overview of the affirmative action compliance obligations that impact banks and credit unions, including compliance obligations under Executive Order 11246 (affirmative action for women and minorities), Section 503 of the Rehabilitation Act of 1973 (affirmative action for individuals with disabilities), VEVRAA (affirmative action for protected veterans), and Executive Order 13672 (prohibiting discrimination on the basis of sexual orientation and gender identity). The webinar will drill down on the most recent developments, and focus on the steps that your institution must take to meet these new compliance obligations.
WHAT YOU'LL LEARN
Some of the questions that will be answered include:
- Why are banks and credit unions subject to federal contractor affirmative action obligations? What does this mean for you?
- What are the general compliance obligations under Executive Order 11246, Section 503, VEVRAA, and Executive Order 13672?
- How are compliance obligations different for banks and credit unions that have 50 or more employees?
- What are the specific steps that a bank or credit union must take to comply with the new Section 503 and VEVRAA rules?
- How are financial institutions impacted by the most recent affirmative action developments in federal contractor compliance, including the prohibition on discrimination based on sexual orientation and gender identity and the new and proposed rules regarding pay transparency and sex discrimination?
- What are the risks of failing to comply with these affirmative action rules for federal contractors?
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for “Affirmative Action Requirements for Financial Institutions: New Regulations and Proposed Changes” is Andrew DeClercq. Andy is an attorney in the Madison, Wisconsin office of Boardman & Clark, LLP. His practice focuses on labor and employment and employee benefits law. He also regularly advises clients on privacy issues and actively practices in the area of commercial litigation. He holds a juris doctor, magna cum laude, from the University of Wisconsin Law School where he was awarded Order of the Coif and was the senior managing editor for the Wisconsin Law Review.