The National Consumers League last week announced it was moving nearly $2 million – the organization’s entire working capital -- from Wells Fargo to the Bank of Labor to protest forced arbitration imposed by Wells Fargo on its customers and workers. The action came as a broad coalition of pro-consumer groups launched a national campaign targeting Wells Fargo Bank over its strong-arm tactic to prevent customers from holding the bank accountable. The organizations – including ULLICO, the Boilermakers and the Labor Heritage Foundation -- called on the bank to cease imposing forced arbitration on its customers and workers.
photo: National Consumers League Executive Director Sally Greenburg (left) and Bank of Labor Senior Vice President Bridget Martin
photo: National Consumers League Executive Director Sally Greenburg (left) and Bank of Labor Senior Vice President Bridget Martin