19 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Good Fundraising Code reaches 125 sign-ups Howard Lake | 1 April 2009 | News The Good Fundraising Code has achieved 125 subscribers one month after it was set up by the Practical Fundraising Association (PFA). The simple four-point code was established by the PFA because “many causes cannot afford the fees other codes charge to agree to adhere to their standards”.Gareth Edwards, co-founder of the Practical Fundraising Association, said: “It is no surprise to us that so many charities are joining our free code. So many causes found it objectionable to have to pay a fee to appear worthy in their donors’ eyes, and the Good Fundraising Code has tapped into this. At present rate, we hope to grow our membership by at least 50 members per month.”The PFA will this month introduce a free discussion forum “to enable subscribers to support each other in discussion the principles of the code, best practice and complaints procedures”.Organisations do not need to be members of the Practical Fundraising Association to subscribe to the code.www.practicalfundraising.com AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Law / policy About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Tuesday morning, Wells Fargo President and CEO Tim Sloan was in the hot seat at the U.S. Senate Committee on Banking, Housing, and Urban Affairs full committee hearing titled “Wells Fargo: One Year Later.” Despite calls for his stepping down, Sloan still has Berkshire Hathaway Chairman and CEO Warren Buffett in his corner.“Tim Sloan has my faith,” said Buffet on CNBC’s Squawk Box. “If you get [a problem that is] systemic, you’ve got a big problem. And once you find out about it, you’ve got to get it right, get it fast, get it out, get it over—and getting it right is hard.”According to Senator John Tester (D-Montana), since the first report of unauthorized accounts, Wells Fargo’s banking practices have affected 4.3 million customers or four times the population of Montana—something that Senator Tim Scott (D-South Carolina) said the “entire banking committee is irritated by” due to the continued discovery of accounts over time.”If we’re doing this again six months from now, it’s not going to be good,” Scott said.Sloan explained that Wells Fargo had an insensitive plan that drove inappropriate sales culture, but they now have a new plan that, based on feedback, is acceptable to employees. In fact, of the 17,000 new hires, Sloan estimated that 10 percent of those are rehires that either left due to a dislike of the sales culture or terminated because they didn’t meet sales quotas.Many senators urged that the change in culture cannot just be at the retail banking locations; it needs to go from the executive level down. Because of that reason, Senator Elizabeth Warren called for the removal of Sloan and every member of the Board that was involved during the “height of cheating customers.””At best you were incompetent, at worst you were complicit,” Warren said. “Either way, you should be fired.”Warren highlighted quotes from Sloan during various investor calls between 2011 and 2014 that led her to believe that Sloan was part of the company culture that pressed employees to open the unauthorized accounts.”I’ve read through them, and on these calls no one, not even John Stumpf, who was the CEO at the time, bragged more about Wells Fargo’s ability and commitment to open new accounts for existing customers,” Warren said before reading off a quote from Sloan during one of the calls which said, “I can’t wait to get a credit card of every one of our creditworthy customers wallets.”Sloan later urged that as a banking business, one of the products they provide and that he is proud of is the credit card—and he isn’t embarrassed about that.“I would agree that in our community bank we had fundamental problems that created a broken culture,” Sloan said. “In the rest of the company, it wasn’t a broken culture.”To see the full hearing, click here. Print This Post The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Headlines, News Elizabeth Warren Tim Sloan Wells Fargo 2017-10-03 Brianna Gilpin Tagged with: Elizabeth Warren Tim Sloan Wells Fargo About Author: Brianna Gilpin Demand Propels Home Prices Upward 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Mortgage-Free Living Next: Charting the Path Forward Data Provider Black Knight to Acquire Top of Mind 2 days ago Buffett: Wells Fargo CEO Has My Faith Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Subscribe October 3, 2017 1,619 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Home / Daily Dose / Buffett: Wells Fargo CEO Has My Faith Demand Propels Home Prices Upward 2 days ago