Department of Labor Sells Out Union Members for Big Labor 1%
The Department of Labor (DOL) doesn’t need to loosen financial disclosure for union bosses to take advantage of union members’ dues. Yet, this is exactly what the Obama administration has done. On October 26, DOL published a regulation that would weaken union members’ protections against fraud and corruption by union leadership.
Under the new regulation, DOL’s union financial reporting document, the Form LM-30, will no longer require financial disclosure reporting by union stewards, leave for workers performing union activities while being paid by their employer, financial dealings with credit institutions (such as loans), and union officials’ payments from union trusts.