Category Archives: Financial Reform News

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SEIU TO CITIGROUP: “ENSURE RAISES GO TO WORKERS, NOT TOP EXECS”

FOR IMMEDIATE RELEASE: CONTACT: Christy
Setzer 202-730-7349

Wednesday, June 24, 2009
Marcus Mrowka 202-730-7759

SEIU TO CITIGROUP: ENSURE RAISES GO TO WORKERS, NOT TOP EXECS

Washington, DC—Today, the Service Employees International Union
released a statement from Secretary-Treasurer Anna Burger, on news
that Citigroup is raising salaries by as much as 50 percent for
investment bankers and other top executives, to accommodate for
smaller annual bonuses. According to the New York Times, “Legal and
risk management employees, as well as those in the credit card and
consumer banking units, whose pay is typically skewed toward salary,
rather than bonuses, are expected to receive smaller increases.”

Said Burger: “Color us skeptical, but not surprised: The top dogs at
a company who took three taxpayer-funded bailout packages worth $45
billion, while wrecking the economy and keeping the bulk of its
employees at near-poverty levels, have decided to reward themselves
once more. Unfortunately, not all raises are created equal.

“Citigroup needs to commit to give any new raises to front-line bank
employees, who struggle just to make ends meet while dealing with the
rising costs of healthcare, not top executives who have contributed to
this mess.

“America’s big banks stand out as a startling example of an era of
corporate excess that needs to come to an end if we’re going to
rebuild an economy with strength that can last. By passing the
Employee Free Choice Act, we can begin to build an economy that
doesn’t just work for people in the top floor executive suites.”

# # #

With 2 million members in Canada, the United States and Puerto Rico,
SEIU is the fastest-growing union in the Americas. Focused on uniting
workers in healthcare, public services and property services, SEIU
members are winning better wages, healthcare and more secure jobs for
our communities, while uniting their strength with their counterparts
around the world to help ensure that workers—not just corporations and
CEOs—benefit from today’s global economy.

If you would rather not receive future email messages from Service
Employees International Union (SEIU), let us know by clicking here.
Service Employees International Union (SEIU), 1800 Massachusetts
Avenue, NW, Washington, DC 20005 United States

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CCI Writes Letter to Payday Lenders

June 10, 2009 Advance America , 320 Euclid Ave , Des Moines, IA 50313                        LoanMax, 5803 Hickman Rd., Des Moines, IA 50322                                                                       EZ Money, 2740 Douglas Ave., Des Moines, IA 50310  Dear Payday Lenders:  On Wednesday, June 10, 2009, members of Iowa Citizens for Community Improvement (CCI) gathered to discuss

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Call Congress toll-free at 866-544-7573!

Here’s what’s on deck today, June 23, in the financial reform Conference Committee. Today the conference committee is considering the “Volcker Rule” to ensure that banks do not make risky proprietary bets with taxpayer-backed deposit funds, or invest in risky  private equity or hedge funds.

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Call Congress toll-free at 866-544-7573!

Here’s what’s on deck today, June 17, in the financial reform Conference Committee. With Title I, Title II, Corporate Governance and Investor Protection on the agenda for Today, please call through conferees with key messages: Title I: The House offer improves on the Senate systemic

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Call Congress toll-free at 866-544-7573!

Here’s what’s on deck today, June 16, in the Financial Reform Conference Committee between the House and Senate.  Call Congress and tell them: Fiduciary Duty Support the House offer language requiring brokers who give investment advice to act in the best interests of their customers.