News

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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.

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New Fact Sheet (April 2022): Bank CEO’s Are Getting Double Digit Pay Raises, Leaving Most Bank Workers Far Behind

Click here to download a PDF of the full fact sheet!

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Genesee Co-op Federal Credit Union workers form union

From the Rochester City Paper:

Federal regulators ban former Wells Fargo CEO from banking industry

Julian Brunner on Thursday, January 23 2020 - 1:13pm

CBS News - 1/23/20

Federal regulators are fining former Wells Fargo CEO John Stumpf $17.5 million and banning him from the banking industry for life for his role in a scandal in which company employees opened millions of fake accounts without customers' consent.

Committee for Better Banks Responds to Federal Regulators’ Actions Against Former Wells Fargo Executives

Julian Brunner on Thursday, January 23 2020 - 12:54pm

For Immediate Release: January 23, 2020

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

NATIONWIDE — In response to fines and work restrictions brought against former Wells Fargo executives by the federal Office of the Comptroller of the Currency, Committee for Better Banks member Patrick Creaven, a five-year Wells Fargo Communications Associate from Concord, Calif., said:

Former Wells Fargo CEO fined $17.5M

Julian Brunner on Thursday, January 23 2020 - 12:12pm

Winston Salem Journal - Richard Craver - 1/23/20

Committee for Better Banks Member Responds to Hiring of Wells Fargo COO Scott Powell

Julian Brunner on Tuesday, December 3 2019 - 12:52pm

For Immediate Release: December 3, 2019

Please contact: Zoe PiSierra, [email protected]; 646.616.6765

Union workforce would help Wells Fargo mend image

Julian Brunner on Friday, October 25 2019 - 12:05pm

SF Chronicle - Patrick Creaven - 10/25

On Monday, Charles Scharf, Wells Fargo’s fourth CEO in three years, took the reins of a bank in turmoil. If he were to look around the Bay Area customer service center where I work, however, turmoil is not the first thing he’d notice. Instead he’d find nearly 400 dedicated and highly trained employees who have diligently helped Wells Fargo retain customers through some of its hardest years.

Wells Fargo employees appeal to investors at annual shareholder meeting in Dallas

Julian Brunner on Tuesday, August 6 2019 - 4:55pm

With CEO Tim Sloan recently announcing his retirement, Wells Fargo workers traveled to Dallas to urge shareholders to support resolutions requiring the bank to issue reports on incentive pay and gender pay equity at its annual meeting. Bank workers also delivered (yet again) a petition demanding the bank’s leadership meet with the Committee for Better Banks. to appeal to Wells Fargo shareholders at the bank’s annual shareholder meeting attend.

PenFed workers win settlement on unfair labor practice charges, but protest job cuts and restructuring

Julian Brunner on Saturday, July 13 2019 - 4:42pm

Employees at the Pentagon Federal Credit Union (known as PenFed) call center in Eugene, Oregan are speaking out after the credit union announced it is moving over 100 jobs to Virginia or Texas.

PenFed credit union workers in Eugene face ‘impossible choice’

Neil Payne on Saturday, July 13 2019 - 3:26pm

Employees say more than 100 told they have to relocate or be out of a job

More than 100 workers at Pentagon Federal Credit Union in Eugene are being told to relocate across the country or find a new job after the company announced this week it was consolidating departments and moving many workers in Oregon and Virginia to Texas.