News

A US bank has unionized for the first time in 40 years

Roughly 100 Beneficial workers ratified a contract with management in late September, after agreeing to unionize in March 2020.

Banks stand to make billions from the pandemic. How can that filter down to everyday Americans?

From Fortune Magazine:

At first glance, the economic fallout from the COVID-19 pandemic mirrors the one following the subprime mortgage crisis that came to a head in 2008. 

On Ten Year Anniversary of Dodd-Frank, Committee for Better Banks Demands Stronger Protections for Struggling Consumers and Essential Bankers

Committee for Better Banks

For Immediate Release: July 21, 2020

Media Contact: Zoe PiSierra, [email protected]

Major U.S. Banks Criticized by Workers’ Group for Virus Response

Bloomberg News:

There are “major shortcomings” in how some big U.S. banks are providing financial relief for customers and instituting safety measures for front-line workers during the coronavirus pandemic, according to a coalition of labor unions, employees and advocacy groups.

Banks Judged On How They Treat People, For Once

From The American Prospect: Unsanitized:

Committee for Better Banks Responds to Federal Reserve Easing of Wells Fargo Restrictions

NATIONWIDE —  In response to the Federal Reserve’s announcement that it will ease growth restrictions, following toxic sales scandal exposed in 2016, Committee for Better Banks Organizing Directors Nick Weiner and Erin Mahoney issued the following statement:

Bargaining for the Common Good and the Fight for Better Banks for Our Communities

From The Forge

Committee for Better Banks Responds to Wells Fargo CEO Charles Scharf’s Promise to ‘Absolutely Work on a Bill of Rights’

Committee for Better Banks

For Immediate Release: March 10, 2020

Media Contact: [email protected], 603-339-0042

Committee for Better Banks Responds to Wells Fargo CEO Charles Scharf’s Promise to ‘Absolutely Work on a Bill of Rights’

KILIAN COLIN, Fmr. Wells Employee: A bank workers’ bill of rights would help Wells Fargo turn the page on its systemic malfeasance of the past

Wells Fargo Resignations Not Enough to Turn the Page on Scandal, Systemic Problems

Committee for Better Banks

For Immediate Release: March 9, 2020

Media Contact: [email protected], 603-339-0042

Committee for Better Banks: Wells Fargo Resignations Not Enough to Turn the Page on Scandal, Systemic Problems

CBB calls on last two pre-2016 board directors, John D. Baker II and Donald M. James, to resign

Committee for Better Banks
[email protected]

For Media Inquiries, contact: 347-410-6919, [email protected]

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