Waters Thanks Visa for Proactive Submission of Its Diversity and Inclusion Data
Washington, DC, March 6, 2020
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued a statement regarding Visa Incorporated’s efforts to proactively provide the Committee with their diversity and inclusion data and practices.
“I am pleased to see that Visa is paying heed to the Committee staff’s recommendation that all financial services companies should disclose their diversity and inclusion data,” said Chairwoman Waters. “This submission to the Committee is helpful in our efforts to learn more about how the financial services industry is dealing with diversity and inclusion. I hope other financial institutions will continue this trend of transparency with Congress, regulators and the public by proactively providing the Committee with this information. By doing so, we can work to ensure all underrepresented groups are provided with fair opportunities in every aspect of the financial services industry.”
In the letter from Visa to the Committee, the company explained the impetus for disclosing this important data:
“We believe real inclusion is about creating an environment where everyone feels comfortable and confident that they belong. While there is always more to do, this focus enables Visa to assess its progress, advocate for and drive further positive change. We wanted to share additional information relevant to questions that the Committee sent to bank holding companies last year.”
A Snapshot of Diversity Statistics and Practices Disclosed by Visa
In February 2020, Chairwoman Waters and Subcommittee Chair Beatty, released a multimedia Majority staff report entitled, “Diversity and Inclusion: Holding America’ Large Banks Accountable.”