The Future of Banking: How Consolidation, Nonbank Competition, and Technology are Reshaping the Banking System
On Wednesday, Beneficial State Bank employee and leader with the Committee for Better Banks (CBB) Desiree Jackson, a member of CWA Local 9412, endorsed the Financial Services Worker Bill of Rights Act at a House Committee on Financial Services hearing titled, “The Future of Banking: How Consolidation, Nonbank Competition, and Technology are Reshaping the Banking System.” The bill, which would make it easier for bank workers to join a union, among other benefits, was introduced by Representative Maxine Waters (D-Calif.) Wednesday – the same day that Jackson and her colleagues at Beneficial State announced the ratification of their union contract, the first in the banking industry in 40 years. Jackson’s testimony can be found HERE. Read more here.
The Interconnected Economy: The Effects of Globalization on US Economic Disparity
On Tuesday, Kendra Williams, a member of CWA Local 6215, testified before the House Select Committee on Economic Disparity and Fairness in Growth at a hearing entitled, “The Interconnected Economy: The Effects of Globalization on US Economic Disparity.” Kendra is an activist and leader who has been involved in CWA’s campaign to build international solidarity with workers across the globe. In her testimony, she shared her experience with downsizing, offshoring, and layoffs at the call center she works in and how that has impacted the workers and the community at large.