Arrests, sit-ins, shouting — activists plan a week of nationwide protest to fight Graham-Cassidy
Arrests, sit-ins, shouting — activists plan a week of nationwide protest to fight Graham-Cassidy
Since early March, when the first Republican effort to repeal and replace the Affordable Care Act was introduced in the...
Since early March, when the first Republican effort to repeal and replace the Affordable Care Act was introduced in the House, activist groups have driven millions of phone calls and thousands of protesters to Washington.
To push for the bill’s defeat, they led numerous rallies on Capitol Hill, occupied Senate offices, shouted in the Capitol building — and even learned, if they made enough noise, senators could hear them outside the Capitol.
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Fed's Lacker, Kaplan meet with labor, community groups
Two Federal Reserve bank presidents on Wednesday met separately with community and labor groups that are pushing for...
Two Federal Reserve bank presidents on Wednesday met separately with community and labor groups that are pushing for continued near-zero interest rates just as U.S. central bankers appear to be only weeks away from raising them.
Representatives of the groups said that by airing their concerns about labor market health to Richmond Fed President Jeffrey Lacker and Dallas Fed President Rob Kaplan, they hope to help shape policymakers' understanding of the economy, if not necessarily their views on monetary policy.
The views of Kaplan, the new president of the Dallas Fed, are unclear, but his predecessor Richard Fisher made the regional Fed bank's name synonymous with opposition to easy monetary policy.
Lacker is a policy hawk who cast the lone dissents on the Fed's decisions in September and October to continue the central bank's low-rate policies.
"Our expectation isn't that we are going to be able to change his mind," said Michael De Los Santos, who is organizing the meeting with Lacker.
To Lacker, the near-normal unemployment rate of 5.1 percent means the labor market no longer needs the lift provided by exceptionally low interest rates.
"We want to be able to present our side of the statistics," said De Los Santos, who is director of operations at Action NC, a community and activist group. Attending the meeting will be a young man from Charlotte who has struggled to pay for college and is worried about finding full-time employment, and a fast food worker from Richmond, Virginia who has trouble making ends meet, he said.
Kaplan will likewise meet with workers who have struggled to find adequate jobs and income, said Shawn Sebastian of the Center for Popular Democracy, which organized the meeting in Dallas.
A Dallas Fed spokesman did not immediately respond to a request for comment. A Richmond Fed spokesman confirmed the meeting and deferred any comment until after it is over.
Including today's meetings, members of the so-called Fed Up Coalition have had sit-down meetings with nine of the Fed's 12 regional Fed bank presidents, and four of the five Washington-based Board of Governors. (Reporting by Ann Saphir in San Francisco; Editing by Christian Plumb)
Source: Reuters
Arizona’s special election could send an important message for the midterms — even if the GOP wins
Arizona’s special election could send an important message for the midterms — even if the GOP wins
Ady Barkan, the man with ALS who became nationally famous for confronting Sen. Jeff Flake over his support for the...
Ady Barkan, the man with ALS who became nationally famous for confronting Sen. Jeff Flake over his support for the Republican tax bill has thrown his support behind Tipirneni, creating a viral web ad for her campaign.
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Businesses Support Raising The Minimum Wage. Why Doesn’t The Business Lobby?
Businesses Support Raising The Minimum Wage. Why Doesn’t The Business Lobby?
Raising the minimum wage. More paid sick leave and family leave. More stable scheduling for workers. When a major...
Raising the minimum wage. More paid sick leave and family leave. More stable scheduling for workers. When a major Republican-friendly polling shop surveyed CEOs across the country about these typically left-leaning policies, one thing was made clear: they overwhelmingly support them.
So when it came to presenting the results to the Council of State Chambers of Commerce, which commissioned the research, the pollsters had a challenge on their hands — how to reconcile the widespread opposition to these policies by many business lobby groups with their popularity among the people actually running businesses.
In a recorded webinar, David Merritt, the managing director of polling firm LuntzGlobal, described the “empathy” CEOs feel for workers along with their support for labor-friendly policies. “If you ask about them in isolation, of course we want to take care of people who are caring for a loved one. Of course we want to give folks more benefits or more leave or more income.”
In the presentation, obtained by liberal advocacy group the Center for Media and Democracy, Merritt told the business lobbyists that executives expressed widespread support for a number of policies that are vehemently opposed by conservative politicians.
Based on their survey of 1,000 executives, LuntzGlobal found 80% supported raising their state minimum wage, 82% supported increasing paid parental leave requirements and 73% supported increasing paid sick leave. The Washington Post first reported details of the presentation.
“If you’re fighting against a minimum wage increase, you’re fighting an uphill battle,” Merritt said in the presentation. “Because most Americans, even most Republicans, support raising a minimum wage.”
He went on to coach participants on how to oppose those policies anyhow.
“A lot of you guys have minimum wage battles at the state level. If you are fighting those fights, the best way to fight it is not to talk about the minimum wage,” he said. “If you can, turn it into a federal issue and talk about the Earned Income Tax Credit.”
Joe Crosby, Director of the Council of State Chambers, which commissioned the research, said in a statement that the survey was intended “to benchmark trends on current political issues” and “it primarily covered mid-sized and larger companies, not the smaller businesses that are most affected by wage and leave mandates.”
LuntzGlobal, founded by prominent Republican pollster and consultant Frank Luntz, was unable to comment, per the terms of its contract wit the Council of State Chambers, Crosby said.
“We have known for years”
Advocates for these worker-friendly policies said the findings are proof their cause has many allies in the business community — even if those allies aren’t often the most outspoken voices representing business interests in Washington and state houses.
“We have known for years what this research confirms: that an overwhelming share of business leaders support paid sick days, paid leave and other family friendly policies,” said Debra L. Ness, president of the National Partnership for Women & Families, a group that advocates for paid leave.
At one point in the call, Merritt held up language from the group Ness belongs to (below) as polling higher among executives than any other.
“I wouldn’t have changed anything about this statement,” Merritt said in the presentation. “This was the clear winner — from the National Partnership for Women and Families… Perfect, perfect language.”
Business lobby groups like the various state-level chambers of commerce are “not currently representing the views of their members — and doing that at the expense of single moms and hard-working parents,” said Elianne Farhat, who runs the Fair Workweek Initiative, a campaign of the Center For Popular Democracy, a liberal advocacy group. “In every place fair workweek laws are moving, the chambers of commerce have been the loudest voices of opposition.”
But Crosby, the Director of the Council of State Chambers, said the real question at issue is whether labor regulations should be forced onto all businesses by law, not whether businesses support the goal of better pay and working conditions. “Of course business owners support raising wages and benefits for their employees; those are goals they work for every day,” he wrote in an email to BuzzFeed News. “But one-size-fits-all government mandates simply don’t work.”
A spokesperson for the National Restaurant Association, the industry’s largest trade group and one of the loudest voices opposing minimum wake hikes, said its members are more sensitive to labor costs than those in other industries. “The Council of State Chambers represents a diverse range of businesses, including tech and manufacturing companies, that could adapt to increased labor costs more easily” than restaurant and fast food owners, said NRA spokesperson Christin Fernandez.
The U.S. Chamber of Commerce, the federal body representing the country’s business community, echoed concerns that pro-labor policies would negatively affect employers.
“The U.S. Chamber, based on input from our members, continues to believe that imposing higher labor costs on employers, especially small businesses, will force them to cut back elsewhere, and will ultimately price low and un-skilled workers out of entry level job opportunities,” said Randy Johnson, senior vice president of Labor, Immigration, and Employee Benefits for the Chamber, in a statement.
Asked about the chamber’s position on paid family and sick leave, as well as predictive scheduling, all of which polled well in the survey, spokeswoman Blair Holmes wrote that the Chamber is “careful to be responsive and in synch” with the business community it represents.
“The only point we will make is to say we have not lobbied on these issues in any of the states,” she said, adding that the federal group “is not in a position to comment on the positions these state chambers may have taken” with respect to raising the minimum wage or paid leave and “will not comment on state or local versions of predictive scheduling legislation.”
On its website, the U.S. Chamber of Commerce lists among its 2016 priorities: “Oppose efforts to increase the minimum wage and to index the minimum wage to inflation,” and “Oppose attempts to make FMLA [Family and Medical Leave Act] leave paid or to mandate paid sick leave.”
By Cora Lewis
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Is There Such a Thing as Healing after Ferguson?
Fusion - August 27, 2014, by Alicia Menendez - Earlier this week, the family of Michael Brown held a funeral for their...
Fusion - August 27, 2014, by Alicia Menendez - Earlier this week, the family of Michael Brown held a funeral for their son. The funeral was attended by the families of Emmet Till, Trayvon Martin, Sean Bell, Oscar Grant and Jordan Davis. Their stories are all similar, so why does this keep happening?
Fusion's Alicia Menendez spoke with CPD's Policy Advocate Josie Duffy about the way the media portrays black men. As peace returns to Ferguson, the question is: How does the community begin to heal?
Activists confront Fed leaders to warn against rate hike
The liberal Center for Popular Democracy has launched a "Fed Up" campaign to urge the central bank’s chairwoman, Janet...
The liberal Center for Popular Democracy has launched a "Fed Up" campaign to urge the central bank’s chairwoman, Janet Yellen, and her team of policymakers against raising interest rates.
Many Fed watchers anticipate Yellen and her team to increase the interest rate, lowered to zero percent following the 2008 economic crisis to spur economic growth as soon as September, citing steady growth.
But the campaign, whose board includes members of the AFL-CIO and Service Employees International Union (SEIU), says that the economy hasn't recovered enough to adopt such a policy.
"The economy remains far too weak to slow it down. We shouldn't mince words — when the Fed raises interest rates, it's doing that to slow the economy down," said Ady Barkan, Fed Up campaign director, on a conference call with reporters.
He called the prospect of the Fed raising interest rates "an insane perspective to take and an insane policy to take at the moment."
The group is sending about 50 activists to the annual Economic Policy Symposium, which includes members of the Federal Reserve, global bankers and top economists. The activists will hold "Teach Ins" that coincide with the annual summit.
Among the planned events is one titled, "Do Black Lives Matter to the Fed?" — a nod to the national movement to highlight policies that disproportionately hurt the African-American community.
Some progressives criticized Yellen’s testimony in the House last month, when she was asked what Fed officials could do to lower the African-American unemployment rate.
At 9.5 percent, the African-American unemployment rate remains significantly above the 5.3 percent national unemployment rate.
"There really isn’t anything directly that the Federal Reserve can do to affect the structure of unemployment across groups," Yellen answered at last month's hearing. "There’s nothing we can do about any particular group.”
Barkan said that Yellen "was wrong to say there's nothing the Fed can do to help African-Americans."
He argued that Fed officials could help African-Americans and minorities by adopting an agenda that focuses less on pricing bubbles in the markets and more on lowering unemployment, a tactic that would mean keeping interest rates low.
Activists associated with the Black Lives Matter movement have grabbed headlines in recent months for its aggressive questioning tactics to Democratic presidential candidates.
"We hope very much to engage with Federal Reserve officials into these conversations," Barkan said.
Source: The Hill
Austin becomes first city in the South to mandate paid sick leave
Austin becomes first city in the South to mandate paid sick leave
But Austin’s paid sick leave vote has implications for many other areas. Sarah Johnson, the co-executive director of...
But Austin’s paid sick leave vote has implications for many other areas. Sarah Johnson, the co-executive director of Local Progress, an organization that has worked to help Austin’s paid sick leave efforts advance, told ThinkProgress that the wider region stands to benefit from the city’s example.
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Groups demand 'responsible' contractors at Brooklyn Bridge Park
Brooklyn Daily Eagle - April 23, 2014, by Mary Frost - City officials and workers' advocates kicked off three weeks of...
Brooklyn Daily Eagle - April 23, 2014, by Mary Frost - City officials and workers' advocates kicked off three weeks of action at Brooklyn Borough Hall on Tuesday, demanding safer working conditions and better training at real estate development sites.
Two construction workers have died in the past month and several were injured at construction sites in New York City lacking state-approved training and apprenticeship programs, according to a coalition made up of Build Up NYC, the Center for Popular Democracy, the New York Committee on Occupational Safety and Health, and Public Citizen.
Build Up NYC President Gary LaBarbera and NYC Public Advocate Letitia James singled out Starwood Capital Group, developing condos and a hotel in Brooklyn Bridge Park, for allegedly using irresponsible sub-contractors.
They also targeted the Kushner Companies, developing the Watchtower properties in DUMBO, for refusing to come to terms with advocates' demands.
“Responsible development begins with jobs," said LaBarbera. "Starwood has not used responsible contractors or subcontractors on its Pier 1 development in Brooklyn Bridge Park. The Kushner Companies, the developer of the Watchtower properties have not made a commitment to use responsible contractors for all of the construction, operations, maintenance or security work for their big project.”
At a Starwood construction project in Manhattan, Stella Tower going up at 435 W. 50 St., two workers were injured in the past two months, La Barbera said.
Kushner plans to redevelop the Watchtower properties into a mixed-use high-tech campus, with at least 50 percent office space. Build Up NYC says, however, that Kushner "has refused to commit to hiring only responsible construction, operations and maintenance contractors who provide industry standard wages, benefits and training for all phases of this project including the $100 million renovation."
"The developers have not made any committment to create good jobs for Brooklyn residents with these projects," Public Advocate James said. "Brooklyn needs good jobs, real affordable housing, and a strong midddle class. Starwood and Kushner have benefited -- it's now time that Brooklyn residents benefit as well."
At the rally, the Center for Popular Democracy handed out copies of a report, “Developing Progress: Ensuring that public resources contribute to New York equity, resilience and dynamic democracy.”
The report focuses on the development projects at Brooklyn Bridge Park, where organizers want investors to review Starwood Capital Group’s performance in light of accusations that Starwood has partnered on the project with a general contractor that has "a history of dangerous practices, illegal behavior and faulty construction."
While the city and state pension funds, which have invested in the project, have Responsible Contractor Policies that require fair wages and benefits, Starwood has hired subcontractor Hudson Meridian, with a long history of noncompliance and a trail of lawsuits, according to the study.
The Center wants the city to institute safety and pay policies into its upcoming Request for Proposals for Pier 6, and recommends that penalties for violations be raised.
The group plans several events, including a vigil for workers on Thursday, April 24, at 6 p.m, at Walker Tower, 212 West 18 Street in Manhattan.
Requests for comments from Starwood and Kushner were not answered by press time.
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Scam Central: Elizabeth Warren Tells Wells Fargo CEO to Resign and Get It Over With
Scam Central: Elizabeth Warren Tells Wells Fargo CEO to Resign and Get It Over With
Wells Fargo CEO John Stumpf was on the hot seat Tuesday when he faced Massachusetts senator Elizabeth Warren and other...
Wells Fargo CEO John Stumpf was on the hot seat Tuesday when he faced Massachusetts senator Elizabeth Warren and other angry lawmakers at a Senate Banking Committee hearing designed to investigate the bank’s widespread rip-off of its customers.
Warren told Stumpf, who earns $19 million a year: “You should resign... You should be criminally investigated.”
Wells Fargo is the nation’s fourth largest bank by assets and its leading home lender.
Warren’s verbal assault on Stumpf generated considerable publicity. But this issue wouldn’t have surfaced in the first place without the hard work of several grassroots community and labor organizations, especially the Committee for Better Banks, that first brought the scandal to the attention of the media, elected officials and regulators.
Warren demanded both the Department of Justice and Securities and Exchange Commission criminally investigate Stumpf for Wells Fargo’s practice of pressuring its low-level employees to create over 2 million unwanted checking and credit-card accounts without consumers’ knowledge or permission in order to grow the bank’s stock price. Warren reminded Stumpf that during the years Wells Fargo engaged in this “scam,” Stumpf’s own portfolio of company stock increased by $200 million.
She urged Stumpf to return the compensation he received while these practices went on.
“So, you haven’t resigned, you haven’t returned a single nickel of your personal earnings, you haven’t fired a single senior executive,” Warren told Stumpf. “Instead, evidently, your definition of accountable is to push the blame to your low-level employees who don’t have the money for a fancy PR firm to defend themselves. It’s gutless leadership.”
“You squeezed your employees to the breaking point so they would cheat customers and you could drive up the value of your stock and put hundreds of millions of dollars in your own pocket,” Warren said.
Wells Fargo’s official line is that the employees were acting on their own to skim extra pay from the bogus accounts. Warren questioned Stumpf about the fraudulent accounts, asking how such an operation could have occurred without the knowledge of top management.
Wells Fargo employees say they did so because of what they call the bank’s “sell or die” quota system, which put pressure on employees to engage in these practices in order to keep their jobs. They said it was a routine practice employees referred to as “sandbagging.”
Activists are up in arms over Wells Fargo’s double standard in dealing with its employees. After the scandal was exposed by grassroots advocates, the media, and government regulators, the bank fired at least 5,300 employees and refunded millions of dollars to customers. But bank reform activists are skeptical that so many employees could have acted on their own without the knowledge of higher-up bank executives.
Meanwhile, in July, in the wake of the scandal, Carrie Tolstedt, Wells Fargo’s director of consumer banking, the operation that opened the fake accounts, abruptly left the bank where she had worked for 27 years. She took with her a $124.5 million bonus. After her retirement announcement, Stumpf praised Tolstedt as “a standard-bearer of our culture” and “a champion for our customers.”
Warren criticized Stumpf for failing to withdraw Tolstedt’s bonus (a practice known as a “clawback”) in light of the revelations about her division’s behavior. Stumpf said it was up to the bank’s compensation committee, comprised of board members, to decide whether to rescind Tolstedt’s bonus.
“If you have no opinions on the most massive fraud that’s hit this bank since the beginning of time, how can it be that you get to continue to collect a paycheck?” Warren asked.
Moreover, activists say that the problem goes well beyond Wells Fargo and is an industry-wide scandal.
Ruth Landaverde, a former employee at both Wells Fargo and Bank of America, said the pressure from her supervisors at both banks was so intense she developed a tic in her eye and had trouble sleeping. She told the Associated Press that in order to keep her job she was required to sell four credit cards and four auto loans each week in addition to three home mortgages or refinances.
“I wasn’t going to do something unethical, but the sales pressure was very real,” she said. “I can see why some employees did what they did.”
Landaverde is now a member of the Alliance of Californians for Community Empowerment, a statewide advocacy group that works on housing and banking issues and is a member of the Committee for Better Banks, a coalition of community and labor groups. In an email this week to ACCE members and supporters, she wrote:
“When I worked for Bank of America, I felt uncomfortable when I was given a list of bank customers and told to call them and push new accounts and credit cards that could end up sticking them with unnecessary fees and debt. What’s worse, we were targeting customers in low-income communities of color much more than the customers in more affluent zip codes.”
Landaverde said that “there are still many more banks that have not committed to stop requiring their employees to push unnecessary products in order to keep their jobs. And now, Wells Fargo CEO John Stumpf is throwing his own employees under the bus rather than accepting responsibility for the outrageous high-pressure sales culture that he and other Wall Street executives are creating!”
“I know first-hand that predatory sales exist across the U.S. banking industry,” said Cassaundra Plummer, a former teller at TD Bank and member of the Committee for Better Banks. “At TD bank, sales goals made it impossible for frontline bank workers to help customers find the financial products best suited to them. My manager would encourage customers to take out home equity lines to go on vacation which is the worst financial advice I’ve ever heard. We need to end predatory sales goals across the industry, not just Wells Fargo.”
Last year the Committee for Better Banks delivered a petition signed by more than 11,000 people to Stumpf, along with a letter noting that workers faced “pressures to meet sales quotas under strict monitoring and threat of losing their jobs, often forcing them to push unnecessary products and fees on to their customers, causing them stress and financial hardship,” and that loan servicing departments have been using similar tactics to push consumers toward riskier products they can ill afford.
The group has now launched another petition asking elected leaders in Los Angeles and other cities around the country to ban all city business with banks that force their employees to meet sales goals for high fee products such as credit cards, new accounts and home refinance loans. They say that these incentive programs create a system where bank workers are forced to engage in predatory practices against their professional and ethical beliefs.
“Wells Fargo’s action to eliminate sales quotas is a hard-won victory for front-line bank workers who have been denouncing abusive sales goals for over two years,” said Reuben Traite, an organizer with Committee for Better Banks. “The fact that Wells Fargo turned a blind eye is appalling. But these high pressure sales goals are rampant across big banks and we need to end it across the industry.”
Activists with the Los Angeles chapter of ACCE brought the issue to the attention of the Los Angeles Times, which broke the story in 2013. Once it made the papers, Los Angeles City Attorney Michael Feuer conducted his own investigation and then sued Wells Fargo. All that got the attention of the Consumer Financial Protection Bureau, the federal agency created by the 2010 Dodd-Frank bank reform law.
Last week, CFPB director Richard Cordray, Comptroller of the Currency Thomas Curry, and Feuer announced that they had reached settlements with Wells Fargo over its “major breach of trust.” Wells Fargo agreed to pay CFPB $100 million (the largest fine the agency has ever imposed) in addition to $50 million to the city and county of Los Angeles and $35 million to the Office of the Comptroller of the Currency. Wells Fargo did not admit any wrongdoing in the settlements, although it issued an apology to its customers, promised to revise its sales practices, and agreed to refund consumers for fees assessed on checking and credit cards accounts they didn’t authorize.
Activists point out that the fines being levied against Wells Fargo are a drop in the bucket compared with Wells Fargo’s 2015 profits of $20 billion. It is even less than the more than $200 million in company stock that Stumpf owns. He serves on the board of directors of Target Corporation and Chevron Corporation, and until recently, on the board of the Financial Services Roundtable, a powerful industry lobby group.
The bank’s apology and refunds won’t make the issue go away. Many consumers are suing the bank as are former employees who say they were fired (or forced to resign) when they refused to engage in the fraudulent practices in order to meet the bank’s unrealistic sales quotas.
The issue first emerged in 2013 when the Los Angeles Times uncovered Wells Fargo’s illegal practices. In response to the Times story, Feuer initiated his own investigation and sued the bank, alleging it had “victimized their customers by using pernicious and often illegal sales tactics,” including unattainable quotas that pressured bank employees to “engage in fraudulent behavior.”
The CFPB undertook its own investigation and discovered that Wells Fargo employees opened as many as 1.5 million checking and savings accounts, and more than 500,000 credit cards, without consumers’ knowledge or permission.
The LA and CFPB investigations, the resulting media coverage, and Wells Fargo’s attempt to blame its lower-rung employees for the scandal led five Democrats on the Senate Banking Committee — Sherrod Brown (Ohio), Jack Reed (R.I.), Robert Menendez (N.J.), Jeff Merkley (Ore.), and Warren — to push its Republican chairman, Richard Shelby of Alabama, to holdTuesday’s hearings. They sent Strumpf a letter last week expressing concern that consumers and low-level employees will bear the burden of the bank’s misconduct “while senior executives walk away with multimillion-dollar awards based on what the company later finds out are fraudulent practices.”
The San Francisco-based Wells Fargo has long been a target of bank reform activists for its troublesome track record of risky and reckless behavior. For more than a decade, grassroots groups have challenged Wells Fargo’s racially discriminatory lending practices and aggressive foreclosures. They have picketed at the offices and homes of the bank’s top executives, sued the bank for violating laws against racist mortgage lending, and testified before Congress, state legislatures and city councils demanding that they investigate and rein in Wells Fargo’s troublesome practices.
The activists have primarily been bank consumers and residents of neighborhoods harmed by Wells Fargo’s redlining and other practices. But the two-year-old Committee for Better Banks is comprised of bank employees as well as consumers, representing a new and potentially powerful coalition. Not surprisingly, the Committee for Better Banks is now part of the broader movement to raise wages for service-sector employees like bank tellers to $15 an hour.
The CBB is aligned with the Center for Popular Democracy, a national network of local activist groups that work on housing, banking, and workers rights issues. CPD helped set the stage for the current campaign with its study of bank workers. The CPD report revealed that some of the nation’s largest banks, including Wells Fargo and Citigroup, pressure front-line employees to engage in fraudulent practices to keep their jobs. According to the report, the bank employees try to serve customers responsibly, but feel pressure from higher-ups to meet the quotas.
A report last year by the National Employment Law Center on banking industry wages found that almost three quarters (74.1 percent) of U.S. bank tellers and almost half (44.2 percent) of bank customer service representatives earn less than $15 an hour. The median hourly wage for bank tellers is $12.44. A study by the UC Berkeley Center for Labor Research and Education found that nearly one-third of the families of all tellers are on public assistance. In New York City, the capital of the nation’s banking industry, 39 percent of tellers and their family members are on some form of public assistance program.
Other groups involved in the better banking campaign include Move On, the Communication Workers of America, New York Communities for Change, ACCE, Jobs with Justice, Make the Road, and Americans for Financial Reform, a DC-based watchdog group.
GOP presidential nominee Donald Trump has called for dismantling nearly all of the Dodd-Frank reforms. In contrast, Democratic nominee Hillary Clinton last week touted the Consumer Financial Protection Bureau's “forceful response” to the Wells Fargo scandal, adding that it was “a stark reminder of why we need a strong consumer watchdog to safeguard against unfair and deceptive practices.”
Lisa Donner, executive director of Americans for Financial Reform, a DC-based watchdog group that has played an important part in defending the CFPB from its opponents, said, “The current Wells Fargo scandal reveals why we need a strong regulatory agency that has the backs of bank consumers as well as employees.”
“Wells Fargo’s action to eliminate sales quotas is a hard-won victory for front-line bank workers like me who have been coming together in the Committee for Better Banks and working to end to high-pressure sales goals that hurt our families and communities,” said Julie Miller, a former Wells Fargo branch manager and a member of the Committee for Better Banks.
“Wells Fargo got into this scandal because it turned a deaf ear to the alarms sounded by consumers and its own workers, and its experience proves that these sales goals have no place in the consumer banking industry,” Miller said. “Predatory sales goals are rampant at big banks across the country, and we will keep on working and organizing to make sure Wells Fargo makes good on its word and that other banks follow suit by implementing fair business practices for workers and customers.”
By Peter Dreier
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Lingo still a barrier to relief
Times Union – August 7, 2013, by Jimmy Vielkind - Immigrant advocacy groups say it remains difficult to get access to...
Times Union – August 7, 2013, by Jimmy Vielkind - Immigrant advocacy groups say it remains difficult to get access to government services in languages other than English — nearly two years after Gov. Andrew Cuomo decreed that written and oral interpretation would be available the state’s six most-spoken foreign languages.
Cuomo signed an executive order that took effect last October mandating state officials to offer language assistance for speakers of Spanish, French, Italian, French Creole, Russian and Chinese. But the order’s scope was necessarily limited to state agencies, even though state-funded services like food stamps, driver’s licenses and unemployment benefits are administered by New York City or other counties.
The groups — including Make the Road New York, the Center for Popular Democracy and the Center for the Elimination of Minority Health Disparities at the University at Albany — visited government offices and surveyed people with limited English proficiency to develop a measure of compliance. In a report released earlier this week, they found that less than half the people who needed language assistance were able to receive it.
According to Nisha Agarwal, deputy director of the Center for Popular Democracy, the survey found 63 percent of citizens using state-operated facilities that are explicitly covered by the order were not successful in their quest to gain language assistance.
“The governor’s team has been very engaged on implementation, and we’re sympathetic to the challenges of getting an entire state apparatus to change,” said Agarwal. “That said, the results are by no means satisfactory, and we were quite disappointed that the state took the position that county-run agencies for state services were not within the ambit of the order. We feel it’s a pretty big gap.”
The Cuomo administration responded by saying that all covered state agencies are in compliance with this executive order
“This report paints an inaccurate picture of reality by relying on visits to county-run agencies that by law fall outside the executive order,” said Cuomo spokesman Richard Azzopardi. “Everyone should have the same access to their government, and we encourage counties to follow the state’s lead.”
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5 days ago
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