Committee for Better Banks

For Immediate Release: March 3, 2020

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

Committee for Better Banks: CFPB SCOTUS Case Puts Consumer, Workers Rights at Risk

NATIONWIDE — Ahead of today’s oral arguments on the constitutionality of the Consumer Financial Protection Bureau’s leadership structure to be heard in front of the U.S. Supreme Court, Erin Mahoney, lead organizer at Committee for Better Banks, said:

Committee for Better Banks

Contact: Tian Weinberg, [email protected], 646-701-4356 

Zoe PiSierra, [email protected], 646-339-0042

More than 100 workers at a Tom Steyer-founded bank have won collective bargaining rights in an industry with the lowest unionization rates in the country.

Committee for Better Banks: $3 Billion Wells Fargo Settlement Does Not Change Corrupt Culture at Heart of Scandal

Calls on CEO to meet with front-line bank workers who exposed the scandal 

Committee for Better Banks

For Immediate Release: February 21, 2020

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

Charlotte Observer - Austin Weinstei - 2/4/20

The bank still has far to go on its culture, according to Alex Ross, a Wells Fargo bankruptcy specialist who works to unionize the company with the Committee for Better Banks.

CNBC Grow - Ben Jay - 1/30/20

Between ATM fees, overdraft charges, monthly maintenance, and other charges, the typical checking account holder pays $7.69 every month, according to a recent survey from Bankrate.

Compliance Week - Lori Tripoli - 1/24/20

The Office of the Comptroller of the Currency (OCC) banned former Wells Fargo Bank CEO John Stumpf from participating in the banking industry Thursday.

In settling with the OCC, Stumpf also agreed to pay a $17.5 million civil penalty to resolve longstanding problems during his tenure at the bank. Stumpf reached his deal with the OCC without admitting any wrongdoing.

Bloomberg - Anders Melin - 1/23/20

John Stumpf left Wells Fargo & Co. with his image in tatters, lost more than $70 million through forfeitures and a clawback, and now faces a government fine and a lifetime ban from the financial industry.

But that won’t upend his nest egg.