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PRESS RELEASE: Committee for Better Banks Demands U.S. Banks Divest $10 Billion from Myanmar Junta
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PRESS RELEASE: Committee for Better Banks Demands U.S. Banks Divest $10 Billion from Myanmar Junta

In letters sent today to Bank of America, JPMorgan Chase, Morgan Stanley and Wells Fargo, the Committee for Better Banks and UNI Global Union call for the immediate divestment of the banks’ shareholdings linked to the military junta in Myanmar. 

PRESS RELEASE: Committee for Better Banks Demands U.S. Banks Divest $10 Billion from Myanmar Junta

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From Berkshire Hathaway to Silicon Valley, little to show for diversity pledges, critics say
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From Berkshire Hathaway to Silicon Valley, little to show for diversity pledges, critics say

"My heart was broken," Ted Laurel said of learning that CEO Charles Scharf had blamed the company's dearth of Black executives on the banking giant having a "very limited pool of Black talent to recruit from" in a memo last summer.

From Berkshire Hathaway to Silicon Valley, little to show for diversity pledges, critics say

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The Push to Diversify Banking from Within the Industry
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The Push to Diversify Banking from Within the Industry

The racial reckoning in America calling for diversity has touched every industry including banking. According to a report from the Committee for Better Banks -- a bank workers' advocacy group -- Black and Latino employees have a significantly smaller chance of holding an executive position in corporate banks in comparison to their white counterparts.

The Push to Diversify Banking from Within the Industry

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PRESS RELEASE: Committee for Better Banks Statement on Nomination of Janet Yellen as Treasury Secretary

In response to President-elect Joe Biden’s nomination of Janet Yellen as the next Secretary of the Treasury, Nick Weiner, organizing co-director of the Committee for Better Banks released the following statement.

PRESS RELEASE: Committee for Better Banks Statement on Nomination of Janet Yellen as Treasury Secretary

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

In an ironic twist, banks actually stand to rake in billions in fees from distributing pandemic relief to small businesses and have beat earnings estimates, in large part thanks to capitalization requirements set by the Dodd-Frank Act.

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

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

The Committee for Better Banks is calling for a Bank Workers’ Bill of Rights to support the financial security of bank workers, their families, and banking consumers who deserve strong advocates for their savings both during and after the COVID-19 pandemic.

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

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

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.

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

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Banks Judged On How They Treat People, For Once
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Banks Judged On How They Treat People, For Once

The Committee for Better Banks, a coalition of frontline workers in bank branches, put out its own scorecard of the COVID-19 response of the twelve largest retail banks between March and May. Only one, Fifth Third Bank, earned above a C, and four banks—US Bank, Wells Fargo, PNC, and Santander—got an F.

Banks Judged On How They Treat People, For Once

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

"Plain and simple: Wells Fargo is taking advantage of a global public health and economic crisis to roll back regulations after defrauding millions of customers and exploiting its own employees."

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

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

In response to today’s House Financial Services Committee hearing on Wells Fargo, where current CEO Charles Scharf delivered testimony on the future of the bank, former Wells Fargo worker and member of the Committee for Better Banks, KILIAN COLIN, released the following statement.

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

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

“Today’s resignations of Board Chair Betsy Duke and board member James Quigley are due to the vigorous oversight of the House Financial Services Committee’s year-long investigation into the company’s misconduct and mistreatment of its workers. The Committee is hearing the voices of frontline workers at Wells Fargo who put their jobs on the line to bring this scandal to light and has joined our calls for a Bank Workers’ Bill of Rights to bring structural change to the banking industry."

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

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PRESS RELEASE: CFPB SCOTUS Case Puts Consumer, Workers Rights at Risk

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: “The banking industry by design does not protect the financial interests of its customers or its frontline employees, and without a system in place to hold banks accountable, corporate greed will run the show."

PRESS RELEASE: CFPB SCOTUS Case Puts Consumer, Workers Rights at Risk

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

"Today’s settlement might bring some relief to consumers and workers, but it does not relinquish Wells Fargo’s duty to change the workplace culture that fueled the disastrous scandal in the first place. Four years later, workers are not confident that they are seeing the necessary changes to repair the harm done."

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

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CHARLOTTE OBSERVER: Scope of Wells Fargo Scandal Far Bigger Than Previously Known, Feds Say

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.

CHARLOTTE OBSERVER: Scope of Wells Fargo Scandal Far Bigger Than Previously Known, Feds Say