Posts tagged credit cards
Sanders and Hawley’s Interest Rate Cap Would Ban Their Union Allies’ Credit Cards
February 10, 2025 // They should have checked with their union boss pals before taking such a position. Many major labor unions have deals with banks to offer branded credit cards as a member benefit. Some of them can charge interest rates in excess of the 25 percent rate Sanders finds extortionate, and nearly all of them charge higher than 10 percent. One of the most common credit card partnerships for unions is with Capital One, which offers a Union Plus Mastercard. It is marketed as “Built for Union Members. Backed by Union Members,” and accounts are limited to active or retired union members or their families.
While Sean O’Brien Attacks Credit Card Companies, Teamsters Make Millions from High-Interest Card
February 5, 2025 // O’Brien is likely fine with this apparent hypocrisy because the Teamsters get paid handsomely by Capital One to promote the card. Disclosure forms filed with the Department of Labor show that the Teamsters received from Capital One $1.28 million in 2023, $1.52 million in 2022, and $1.5 million in 2021.
3 former Local 98 employees sentenced after pleading guilty to stealing union assets
February 23, 2024 // PHILADELPHIA - The fate of three former Local 98 employees' futures was set by a U.S. District Court judge this week after they previously pleaded guilty to stealing union funds for their personal use. United States Attorney Jacqueline C. Romero announced Michael Neill, 57, Marita Crawford, 54, and Niko Rodriguez, 32, all former employees of Local 98 of the International Brotherhood of Electrical Workers (Local 98) were sentenced this week by United States District Court Judge Jeffrey Schmehl.
Closing arguments are underway in John Dougherty embezzlement trial
December 4, 2023 // Dougherty threatened to “beat up,” “run over” and put potential witnesses “under the water” in a speech secretly recorded by an FBI informant. Costello, addressing the jury Monday morning, pointed to the frequency with which those supposed mistakes occurred. “This conduct was not a one-time mistake,” he said. “It was something that was done all the time. It was pervasive. It was intentional. In fact, it was so pervasive it just became routine.”
Former corrections officers’ union officials charged with theft of union funds
August 29, 2023 // Back in 2019, corrections officers and then PSCOA members, Cory Yedlosky and Chris Taylor, initiated an investigation of the local union SCI Huntingdon’s finances, finding thousands of dollars in transactions that violated the union’s own financial procedures. However, then-PSCOA president Bloom “blew off” the allegations. Yedlosky and Taylor were dissatisfied with the union’s handling of their investigation and chose to resign their union membership as a result. Then, in 2020 they filed a lawsuit against the union. A month later, state police arrested former SCI Huntingdon treasurer Bryan Peroni for writing checks from the union’s accounts to himself and another union official, totaling nearly $30,000. The officers’ lawsuit, Yedlosky v. PSCOA, ultimately led Pennsylvania state police to file charges against Bloom and four other union officials last month.
Ex-Detroit Firefighter of the Year sentenced for embezzling $200K in union funds
May 26, 2022 // Verdine Day, 62, was sentenced to one year in prison and $220,043.65 in restitution to the DFFA, as well as two years of supervised release on her conviction for bank fraud as charged in an information filed by the U.S. Attorney’s Office.
President Biden Sides Against Union Rank-and-File
May 5, 2022 //