News

Wells Fargo employees pushing to organize union across bank’s workforce

The Guardian:

San Diego Man Says He Experienced ‘Banking While Black’ In Local Bank of America Branch

From KPBS:

...Regardless of what might be considered standard industry practice, advocates say accusing a Black customer of stealing without evidence and even pretending to call the police could be racist.

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

From CBS News:

"As bank workers and Wells Fargo shareholders, we don't want empty promises," Ted Laurel, an account resolution specialist in San Antonio, Texas, who is Mexican-American, said in a news conference last week organized by the Committee for Better Banks (CBB), a coalition of bank workers, consumer and labor groups.

The Push to Diversify Banking from Within the Industry

From ABC News:

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.

'Racial bias runs deep' at America's largest banks, study says

CNN:

New York (CNN Business)The banking industry has a race problem, and a new study is putting a spotlight on the inequalities within the nation's largest financial institutions.

Banks required balloon payments, stayed mum on foreclosure moratorium

From The Real Deal:

Big banks led some consumers into financially risky mortgage agreements instead of offering the full relief program touted by the federal government, according to a report analyzing complaints.

Banks criticized for requiring balloon payments on loans in forbearance

From the American Banker:

Big banks that have been offering mortgage relief to homeowners during the pandemic are facing fresh criticism over the rules they are enforcing when borrowers are supposed to resume making their monthly payments.

Bank worker advocacy group dings major US lenders for COVID-19 mortgage policies

From Fastinform:

Committee for Better Banks

[email protected]

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


The Committee for Better Banks is a coalition of bank workers, community and consumer advocacy groups, and labor organizations. Organizations involved include: Make the Road New York, New York Communities for Change, Minnesotans for Fair Economy, Missourians Organizing for Reform and Empowerment, Jobs with Justice and local affiliates, the Communications Workers of America union and UNI Global Union.

Better Banks Accountability Project

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