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Amalgamated Bank

Labor Day: A Celebration Of Workers

Keith Mestrich | Posted 09.02.2016 | Politics
Keith Mestrich

Labor Day is a celebration of workers' accomplishments in America, and represents the best parts of our nation's devotion to protecting our workers from corporate abuse.

Banking On Trust

Keith Mestrich | Posted 08.18.2016 | Money
Keith Mestrich

Financial institutions can and should be a force for good. It's not enough for banks to only appear trustworthy or reliable. If major institutions want the hearts and minds of the public back, it's time for them to take broad, concrete steps to change the way they approach banking altogether.

Empower Workers With Higher Pay

Keith Mestrich | Posted 03.10.2017 | Business
Keith Mestrich

Right now, despite many bank CEOs making tens of millions of dollars each year, the average bank teller makes just $25,800. Here in New York, 39 percent of bank tellers are forced to rely on public assistance programs just to make ends meet. This is morally wrong, yes, but it's also just bad business.

There Is a Specter Haunting Our Subways

Keith Mestrich | Posted 12.30.2016 | New York
Keith Mestrich

It is difficult to understand how calling for a minimum wage increase is political rather than a matter of social and economic justice. We are living in a country where 46 million people are working for wages of less than $15 an hour.

5 Principles to Restore Trust in Banking

Keith Mestrich | Posted 11.04.2016 | Impact
Keith Mestrich

In today's America, bankers are often seen as uncaring, and media portrayals reflect a view that banks put hardworking people on the streets. Our industry, which should be a key part of helping people achieve their economic and financial goals, has lost consumer trust.

Bank Tellers Deserve $15 an Hour, Too

Keith Mestrich | Posted 08.25.2016 | Impact
Keith Mestrich

Wages are not just line items on a budget -- they are the basis of people's livelihoods. It's time to face reality. Raising bank employees' wages will be good for them, New York state, New York City, our economy and our industry.

Banking On an Affordable New York

Keith Mestrich | Posted 07.01.2016 | New York
Keith Mestrich

The banking community has an opportunity to restore this trust and make good on our social contract with customers, communities, and policymakers. We should start by investing in homeownership, which has always been the foundation of the American Dream.

Currency of Banking Isn't Dollars - It's Trust

Keith Mestrich | Posted 05.26.2016 | Impact
Keith Mestrich

When five of the world's biggest banks were busted this week for manipulating the cost of dollars and euros, they did more than violate antitrust laws. They violated the public trust.

We Must Tackle the Financial Barriers to U.S. Citizenship

Keith Mestrich | Posted 06.30.2015 | Impact
Keith Mestrich

One in five immigrants points to the costs associated with the process as the main reason they cannot finish becoming a citizen. For millions of legal immigrants, the financial costs to finish the citizenship process are just too prohibitive.

Remembering the Triangle Shirtwaist Fire in 2015

Keith Mestrich | Posted 05.24.2015 | Business
Keith Mestrich

The backlash to this incident became a turning point in the history of the US and global labor movements. But 104 years later, it has become clear that too many folks in this country have forgotten the painful lessons of that day.

New Municipal ID Opens New Doors to Financial Mainstream for Thousands

Keith Mestrich | Posted 04.26.2015 | New York
Keith Mestrich

We want everyone to enjoy the same benefits so many of us take for granted, to come out of the financial shadows, to put their money to work for them and not for the check cashers and payday lenders.

3 Banking Regulations We Can't Let Republicans Take Away

Keith Mestrich | Posted 02.08.2015 | Politics
Keith Mestrich

Republicans have already signaled that one of their first priorities will be to repeal or cripple regulations that are supposed to keep our economy stable, protect Americans' money and jobs, and prevent Wall Street consumer fraud and abuse.

Why Powerful Forces Want to Curb the Youth Vote -- and Why We Can't Let Them

Keith Mestrich | Posted 12.14.2014 | Politics
Keith Mestrich

Powerful forces, acutely aware of the threat the American youth vote could pose to their interests, are actively working to silence the power of young people at the polls prior to November's midterm elections. We need to make sure they don't succeed.

Let's Help Give Every Citizen the Chance to Vote

Keith Mestrich | Posted 11.16.2014 | Politics
Keith Mestrich

Low voter participation opens the door for elected officials to feel less accountable to the public and, often, more beholden to the special interests that support them. Whether you are on the left or the right, you have to agree that that's bad for everybody.

Preserve Our Democracy: Protect Voters' Rights

Keith Mestrich | Posted 11.04.2014 | Politics
Keith Mestrich

Though slow and unsteady, the gradual expansion of voting rights in the United States has been one of our country's most significant achievements. But now, groups of politicians and their supporters, seeking to steer outcomes of elections in their favor, are working to restrict access to voting.

Why I Love My Bank Regulator

Keith Mestrich | Posted 09.23.2014 | Impact
Keith Mestrich

Many financial sector executives are not fans of bank regulators -- to put it mildly. But I have a different perspective: I love my bank regulator. Here's why -- and why you should, too.

Be Patriotic: Fight for Progressive Change

Keith Mestrich | Posted 09.01.2014 | Impact
Keith Mestrich

To me, patriotism isn't just about celebrating our strengths; it's also about getting real about where we can -- and must -- do better.

Why We Need Paid Sick Leave Now

Keith Mestrich | Posted 08.23.2014 | Impact
Keith Mestrich

Nearly 40 million people in the U.S. aren't eligible for even one paid sick day. It's a big problem for individuals, families and our economy as a whole.

The Threat of CEO-to-Worker Pay Disparity and How to Change It

Keith Mestrich | Posted 08.05.2014 | Business
Keith Mestrich

The new record of already stratospheric executive pay is another sign that the staggering growth in the CEO-to-worker pay gap we've seen over the last half-century isn't changing anytime soon -- unless we step up and take action.

Since Bangladesh Factory Collapse, What Has Changed?

Keith Mestrich | Posted 06.23.2014 | Impact
Keith Mestrich

The factory collapse was a horrific reminder of how important it is to support companies that make treating workers fairly a priority. That means taking more responsibility as consumers.

Why the Triangle Shirtwaist Factory Fire Is Important Today

Keith Mestrich | Posted 05.25.2014 | New York
Keith Mestrich

The horrific event generated a nationwide outcry about working conditions and spurred efforts to improve standards.

Thompson Received Millions In Loans From Bank He Promoted

Runnin' Scared | Camille Dodero | Posted 05.25.2011 | New York

City comptroller and Democratic mayoral candidate Bill Thompson and his wife Elsie McCabe received three loans totaling $1.4 million from Amalgamated ...