Let’s avoid another Wells Fargo scandal and incorporate the new socially responsible banking standards in the bidding process and banking contract.

Banking experts and consumer advocates recommend City Council end the delay and pass proposed legislation to strengthen city banking.

Last Wednesday, Los Angeles City Council voted 12-0 in favor of making banks disclose whether they set individual or branch-level sales goals or requirements, if they want to do business with the city, American Banker reported.

“As [...]