Posts tagged Senate Banking Committee
Teachers’ union AFT slams crypto market bill, warns of ‘profound risks’ for America’s retirement plans
December 11, 2025 // The American Federation of Teachers, the powerful labor union that represents 1.8 million members, is urging the Senate Banking Committee to reconsider its crypto market structure bill, the Responsible Financial Innovation Act, calling the proposed legislation “as irresponsible as it is reckless” in a letter exclusively obtained by CNBC. In the letter that AFT president Randi Weingarten sent to Senate Banking Committee Chairman Tim Scott (R-SC) and Ranking Member Elizabeth Warren (D-Mass.), she wrote the union opposes the bill based on the “profound risks to the pensions of working families and the overall stability of the economy.”
Some Wells Fargo employees vote in favor of unionization; others reject
December 22, 2023 // In the lead-up to the vote, the bank had highlighted several measures it had taken to address some of the concerns raised by its employees, such as improving compensation and benefits for lower-paid workers and bumping up median base salaries. But at a hearing before the Senate Banking Committee earlier this month, CEO Charlie Scharf, when asked if the bank would remain neutral during the unionization effort, said Wells Fargo would exercise its right "to speak with (the employees) to make sure they make an informed decision". Employees at the Daytona Beach, Florida branch and Atwater, California have also filed for union elections which are expected to be held in January, two sources said.