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AFR
@
RealBankReform
Washington DC
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AFR is a coalition of over 200 organizations campaigning for real reform in our banking & financial systems. We want to #ProtectConsumers and #StopTheDebtTrap
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8.854
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930
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8.526
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AFR
@RealBankReform
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1 Std. |
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ICYMI: @SenWarren grills @CFPBDirector on the inaction the agency has taken on defending student lenders #ProtectConsumers pic.twitter.com/GEW3zPKGQ8
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AFR
@RealBankReform
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1 Std. |
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ICYMI: @ChrisVanHollen hits the nail on the head: “You’re just going to be giving a big payday to payday lenders” #StopTheDebtTrap #ProtectConsumers pic.twitter.com/9PWjfwtxm9
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AFR
@RealBankReform
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2 Std. |
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ICYMI: @SenSherrodBrown perfectly explains the debt trap used by @ACECash and other payday loan sharks, and catches @CFPBDirector perfectly flat-footed: “You know what happens” #StopTheDebtTrap #ProtectConsumers pic.twitter.com/pUWKBqVxWK
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AFR
@RealBankReform
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2 Std. |
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.@ChrisVanHollen is on 🔥 here. Put another way, holding @CFPBDirector Kraninger feet to 🔥. Thank you! #ProtectConsumers pic.twitter.com/YuSolHJqdH
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chris evans
@notcapnamerica
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13 Std. |
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Take On Wall St
@TakeOnWallSt
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19 Std. |
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Let's run the numbers: Wells Fargo spent less than 1% of profits last year on worker raises. ($22 billion: $200 million) Worker raises represent 5% of the bank's tax windfall ($3.7 bil). Worker raises are 0.5% of the stock buybacks going to executives & shareholders ($40 bil). twitter.com/RealBankReform…
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AFR
@RealBankReform
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19 Std. |
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.@RepCindyAxne talks about the #WellsFargo workers from Iowa who came to the hearing today: twitter.com/realbankreform…
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AFR
@RealBankReform
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19 Std. |
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.@RepCindyAxne to #WellsFargo CEO: "When I hear that people are afraid to use your ethics line b/c of fear of retaliation, I fail to see how you've changed your culture." pic.twitter.com/sAPl4LxmUw
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AFR
@RealBankReform
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19 Std. |
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#WellsFargo spent $200 million in one year to raise wages for its workers to $15/hour.
They had $6 BILLION in net income in Q3 2018 alone. (www08.wellsfargomedia.com/assets/pdf/abo…)
@RepAdams asks if they are going to do more:
twitter.com/RealBankReform…
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AFR
@RealBankReform
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19 Std. |
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Even the CEO of #WellsFargo admits we are in a housing crisis: twitter.com/RealBankReform…
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AFR
@RealBankReform
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19 Std. |
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.@RepAdams: “Are you going to increase [your min wage] more? $15 is good, but it’s still very difficult, and we have a lot of poverty in our community, and our communities across the country. Will you do more?”
#WellsFargo CEO Tim Sloan: we’ll pay competitively pic.twitter.com/mqCya61A7N
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AFR
@RealBankReform
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19 Std. |
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.@RepAdams: Do you believe that America is in the midst of an Affordable housing crisis?
Sloan: I absolutely do.
#WellsFargo pic.twitter.com/g3ZUySqUY5
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AFR
@RealBankReform
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20 Std. |
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Rep @NydiaVelazquez tells #WellsFargo CEO Tim Sloan that his firm represents a threat to financial stability b/c it erodes the trust of depositors: twitter.com/RealBankReform…
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AFR
@RealBankReform
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20 Std. |
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.@NydiaVelazquez “Mr. Sloan, you cannot sit there with a straight face and claim to not be responsible for all these abuses that have been committed against consumers. Do you believe that consumer abuses could pose a threat to financial stability?”
Sloan: We should follow rules pic.twitter.com/kfDFLDxwmO
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AFR
@RealBankReform
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20 Std. |
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.@RepChuyGarcia on a new #WellsFargo report from @ForBetterBanks (Read the report here: betterbanks.org/wp-content/upl…) twitter.com/RealBankReform…
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AFR
@RealBankReform
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20 Std. |
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AFR
@RealBankReform
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20 Std. |
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AFR
@RealBankReform
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20 Std. |
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.@RepChuyGarcia cites @ForBetterBanks report: “The max quarterly bonus for employees under the “customer experience” metric dropped from $1,425 in 2017 to $875 for 2019. If you're truly prioritizing customer experience, why have these bonuses declined?” betterbanks.org/wp-content/upl… pic.twitter.com/Vugmu2auAL
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AFR
@RealBankReform
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20 Std. |
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.@RepDean ran out of time, but she also pressed #WellsFargo CEO to take a look at their overall language regarding company culture, b/c "it reveals that they don't get it" pic.twitter.com/n3xBueY0JU
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AFR
@RealBankReform
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20 Std. |
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.@RepDean emphasized the real, human toll that foreclosures have, and that #WellsFargo has not done enough to address the harms done. pic.twitter.com/ufo5e32nAf
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