City lookimg at 'responsible' banking measure

With the Occupy L.A. movement giving new life to a proposal to sever ties with banks involved in questionable activities, a city panel asked Monday for more details on the impact of adopting a "Responsible Banking" ordinance. Daly News.

Modeled after measures adopted by other cities, the proposal from Councilman Richard Alarcón would require the city to stop doing businesses with banks that are involved with illegal activities or that fail to show they have invested back into the community.