LA: Stop Predatory Sales Goals

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Campaign Update

June 26, 2018

Los Angeles City Council unanimously passed our amendment to the City’s Responsible Banking Ordinance

Banks will now have to disclose their sales goals if they are bidding on banking contracts with the city. They have to disclose if workers are disciplined or terminated based on goals, if they are based on sales or customer services, and what they are.

Press Release

July 3, 2018

L.A. Bank Workers, Residents, Consumer Advocates Join City Council Members in Rally to Celebrate First-in-the-Nation Responsibility Requirements for Banks

L.A. Bank Workers, Residents, Consumer Advocates Join City Council Members in Rally to Celebrate First-in-the-Nation Responsibility Requirements for Banks

In the News

August 13, 2018

Los Angeles demands more accountability from its banks

Last month , LA took on predatory and high-pressure sales goals at major banks by tightening its responsible banking ordinance. Now, if a bank wants the city's $17 million taxpayer-funded contracts, it must be transparent about sales goal tactics and employee compensation, and it can’t retaliate against whistleblowers who report suspected illegal bank activity.