news

September 22, 2017

Activists Push Los Angeles to Hold Its Bank Accountable

A broad coalition of elected officials, local residents and community leaders are encouraging the Los Angeles City Council to require that any bank it does business with not engage in the kinds of unethical practices that helped mire the city’s current bank, Wells Fargo, in scandal.
August 30, 2017

Stop the next Wells Fargo scandal before it happens

With that contract expiring next year, a coalition of bank reformers has asked the city council to put some teeth into the city’s Responsible Banking Ordinance so it will never again give its business to a bank like Wells. Their suggested amendments include a ban on doing business with banks that place unreasonably high sales demands on their employees, and with banks that don’t explicitly protect whistle-blowers.
August 3, 2017

L.A. can protect bank workers and customers

For the last six years, the Consumer Financial Protection Bureau has tracked customers’ complaints about major banks — 159,158 complaints in California alone — and exposed a vicious pattern of deception and greedy practices [...]