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LABOR AND COMMUNITY GROUPS URGE LAWMAKERS TO COSPONSOR KEY BANKING BILL
Letter Sent to U.S. House Members States Strong Support of Bill to Keep Banking and Commerce Separate |
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Yesterday, the United Food and Commercial Workers (UFCW) International Union, along with fellow labor unions and community groups, sent a letter to all members of the U.S. House of Representatives in strong support of the Industrial Bank Holding Act of 2007 (H.R. 698). The letter outlines the benefits of H.R. 698, a common-sense approach to addressing the huge growth of industrial loan companies (ILCs), and urges the Representatives to join 104 others in cosponsoring the bill. “We need to close the loophole, and end the threat to the soundness and security of the On Thursday, April 26, the House Financial Services Committee will hold a hearing on H.R. 698. Click Here to read the letter and list of cosigners. |
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| The UFCW represents 1.3 million workers in North America, with nearly 1 million working in grocery stores and 250,000 working in the meatpacking and other food processing industries. |
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