On November 22nd the LA City Council unanimously approved the Banking with Integrity motion that directs the City Attorney to create an ordinance that works to address predatory sale goals that negatively impact consumers and whistleblower protections for bank workers that report unlawful predatory banking practices.
The Banking with Integrity motion that was introduced by Councilmember Koretz in the LA City Council launches a historic effort to ban predatory sales goals in the banks that do business with the City of Los Angeles. The use of sales goals [...]
LA Committee for Better Banks has launched a petition asking that Los Angeles’ elected leaders restore the public trust in our banks. The petition is a response to the growing business practice of aggressive sales goals by banks [...]