National Consumers League picks Bank of Labor

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The National Consumers League and representatives of other organizations supporting the NLC protests meet with Bank of Labor Feb. 27 at the bank’s Washington, DC, headquarters. Seated, l. to r.: Karen Duncan, Maritime Trades Department, AFL-CIO; Gwend Johnson, Coalition of Black Trade Unionists, Mike Stotz, AFL-CIO ITC; and Elise Bryant, Labor Heritage Foundation. Standing are Alicia Page, Bank of Labor, Fran Owens, Labor Heritage Foundation, Puja Aura, AFL-CIO ITC and Labor Advisory Board Member for Bank of Labor; Sally Greenburg, NCL Executive Director; Bridget Martin, Bank of Labor; Ed Smith, Ullico and Labor Advisory Board Member, Bank of Labor; Ken Gonzalez, Asian Pacific Labor Alliance; Gerron Levi, National Community Reinvestment Coalition; unidentified; Tammy Truong, Asian Pacific Labor Alliance; and Dr. Tom Krigger, North America’s Building Trades Unions.

The Bank of Labor on March 6 issued the following statement regarding recent actions by the National Consumers League protesting Wells Fargo's policy on mandatory arbitration.

"As a labor majority owned and operated bank, we enthusiastically welcome the National Consumers League as a client. The NCL's decision to withdraw its operating capital from Wells Fargo and open an account with Bank of Labor speaks not only to the mutual respect between our two organizations but also to our common focus on serving the needs of workers and promoting social justice.

"The NCL is renowned for protecting the interests of consumers and workers. We are honored that they have entrusted their funds to Bank of Labor, where a customer's legal rights are not restricted by a policy of mandatory arbitration common with many large Wall Street Banks."

Headquartered in Kansas City, Kansas, Bank of Labor services unions and other progressive organizations and supports labor causes. Bank staff are represented by the United Mine Workers of America. Bank of Labor's new Washington, D.C. office at 815 Connecticut Ave. NW (Connecticut Ave. and I [Eye] St.) is less than a block from AFL-CIO headquarters. www.bankoflabor.com

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Published on the Web: March 8, 2017