The Consumer Financial Protection Bureau (CFPB) announced today the selection of Stuart J. Ishimaru to head the newly established Office of Minority and Women Inclusion (OMWI), which will work to promote diversity at the CFPB and at the financial institutions it regulates.
“Americans from all walks of life use consumer financial products and services. We should strive to reflect that diversity because, in the end, it will only strengthen the work we do,” said CFPB Director Richard Cordray. “Mr. Ishimaru’s extensive experience in promoting diversity makes him the perfect person for the job.”
Ishimaru has spent much of his professional life working to foster greater diversity in workplaces and creating opportunities for women and minorities in contracting jobs. He has been a member of the U.S. Equal Employment Opportunity Commission since 2003, and is currently serving a second term which expires July 1. He was designated by President Obama as Acting Chairman of the Commission on January 20, 2009 and served in that capacity until April 7, 2010. He has also served in senior positions in the Civil Rights Division at the Department of Justice, and the Commission on Civil Rights.
“I am thrilled at this opportunity to be a part of a new era of consumer financial protection,” said Mr. Ishimaru, who begins serving as the Assistant Director of the Office of Minority and Women Inclusion today. “Including women and minorities in the workplace is good for both businesses and the customers they serve.”
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires CFPB to establish the Office of Minority and Women Inclusion.
Mr. Ishimaru, a native of San Jose, California, received his A.B. in Political Science and in Economics from the University of California, Berkeley, and his law degree from the George Washington University. He is married to Agnieszka Fryszman, an attorney, and they have two sons, Matthew and Benjamin.