LA City Council Votes to Protect Workers And Consumers From Predatory Sales Goals

In a victory for workers and consumers, the L.A. City Council voted 12-0 last week to make L.A. the first city in the country to require that banks applying for city contracts reveal whether or not they use a quota system to press their employees to push high-cost products that consumers don't need.

Members of the Committee for Better Banks (CBB), a project of CWA, along with the Alliance of Californians for Community Empowerment (ACCE), mobilized and organized over the last year to raise the issue among workers, the community, and the City Council members. Workers pushed for adoption of an amendment that will prevent public money from going to banks that prey on their workers and their customers with abusive sales goals.

"[This] measure takes an important step toward addressing the abusive and unethical sales goals that caused the Wells Fargo scandal," Maria Loya, Los Angeles policy director for the Committee for Better Banks told American Banker.

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