RMAI Diversity Equity Inclusion Program Baseline Recommendations
RMAI introduces a new guide for the accounts receivables management industry, Implementing Diversity Equity Inclusion Best Practices: RMAI Diversity Equity Inclusion Program Baseline Recommendations. This companion guide to the January 2022 Consumer Financial Protection Bureau (CFPB) Report on Diversity and Inclusion within Financial Services identifies the foundational areas of a Diversity Equity Inclusion (DEI) program, as well as steps RMAI member companies can take to establish and mature their DEI initiatives.
This guide is designed for companies that are building their DEI efforts, as well as those that are refining their well-established DEI programs. The RMAI DEI Task Force prepared this resource to help RMAI member companies implement the CFPB’s best practices and recommendations for organizations based on size. The guide is organized into action items within the following four areas identified in the CFPB Report:
- Organizational Commitment to Diversity and Inclusion
- Workforce Profile & Employment Practice
- Supplier Diversity
- Practices to Promote Transparency of Organizational Diversity and Inclusion
“DEI is a topic of growing awareness for our members and the larger credit ecosystem,” said RMAI Executive Director Jan Stieger. “This guide is one of several resources providing education to our members in this area. RMAI also offers a DEI Scholarship for our Annual Conference, and DEI education at our events and in our publications. This new guide provides members support for their own DEI programs.”
The RMAI Board of Directors initiated the Diversity & Inclusion Task Force in 2019 after recognizing the development of D&I initiatives by the Fortune 500 companies. In February 2023, the RMAI Board of Directors reclassified the Task Force as the current Diversity Equity Inclusion Committee. The Committee’s mission is to empower RMAI member companies to create an inclusive culture by delivering rich content and experiences on diversity and inclusion practices that will allow their businesses to thrive.
Find out more and download Implementing Diversity Equity Inclusion Best Practices: RMAI Diversity Equity Inclusion Program Baseline Recommendations.
This Member Alert is intended for members of the Receivables Management Association International, is for informational purposes only, and is in no way intended to provide legal advice. Members are encouraged to consult with an attorney of their choice for legal advice concerning this matter.