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Monday, March 8, 2010

 

Los Angeles Votes to Move Its Money

Earlier this week the Los Angeles City Council voted unanimously to move city money out of banks that fail to invest in the community. The "responsible banking practices" motion creates something like a report card that evaluates banks looking to do business with the city based on their record of mortgage modifications and small business lending, among other things.

Banks that do not meet the standard would not receive city funds. Read more here.

When are YOU going to move your money from a bank that doesn't give a damn about you or your community? http://moveyourmoney.info/

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