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Banking Dive: Fed, OCC should probe Wells Fargo’s response to union efforts
This story originally appeared in Banking Dive:
Senate Banking Committee Chair Sherrod Brown, D-OH, is asking the Federal Reserve and Office of the Comptroller of the Currency to investigate allegations of labor abuse by Wells Fargo, in opposition to efforts by the bank’s employees to unionize.
“Regulators should take stronger actions to change Wells Fargo’s culture of noncompliance and account for the troubling unfair labor practice allegations that could be the bellwether for broader safety and soundness and consumer compliance risks,” Brown wrote Wednesday in a letter to acting OCC chief Michael Hsu and Michael Barr, the Fed’s vice chair for supervision.
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Orlando Business Journal: More local Wells Fargo employees seek to unionize
In the News
Orlando Business Journal: More local Wells Fargo employees seek to unionize
Orlando Business Journal: More local Wells Fargo employees seek to unionize
American Banker: Wells Fargo gives $1,000 bonus to its lower-paid employees
In the News
American Banker: Wells Fargo gives $1,000 bonus to its lower-paid employees
American Banker: Wells Fargo gives $1,000 bonus to its lower-paid employees
BLOOMBERG LAW: Wells Fargo Becomes First Major US Bank With a Unionized Branch
In the News
BLOOMBERG LAW: Wells Fargo Becomes First Major US Bank With a Unionized Branch
BLOOMBERG LAW: Wells Fargo Becomes First Major US Bank With a Unionized Branch