homeWelcome, sign in or click here to subscribe.login




Subscriber content preview

March 15, 2010

All Business: LA will reward banks that help city recover

  • The new rules will go farther than what's required of banks under the federal Community Reinvestment Act.
    AP Business Writer

    NEW YORK — The city of Los Angeles is putting banks it does business with on the spot.

    The unanimous directive coming from the city council is that banks need to help Los Angeles slow the pace of foreclosures ravaging its neighborhoods and battle a local unemployment rate that far exceeds the national average.

    . . .

    To read this story in full login or purchase a subscription.

    Previous columns:

    Email or user name:
    Forgot password? Click here.