Following months of pressure by Open MIC and a coalition of tech, civil rights and policy groups, Microsoft has now quietly released new rules that will curb predatory lenders on its Bing search engine in the U.S. The policy changes are a win for all Bing users, and particularly for low income users who are the intended targets of misleading ads for predatory financial products and services.
A new report released by Open MIC today finds that the lack of racial diversity in the tech industry undermines financial performance, demanding investors’ attention. The report titled, “Breaking the Mold: Investing in Racial Diversity in Tech,” highlights existing data showing that black, Latino, and Native Americans are unrepresented in the tech industry by 16-to-18 percentage points compared to their presence in the U.S. labor force overall. The report provides recommendations intended to address significant shortcomings with respect to workforce data transparency as well as increasing diversity at all levels of the industry.