Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace

Holiday hiring hustle and bustle

Nov 15, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy

Los Angeles demands more accountability from its banks

Larry Buhl Aug 13, 2018
Share Now on:
HTML EMBED:
COPY
A Wells Fargo sign is seen on the exterior of one of their bank branches on September 9, 2016 in Miami, Florida. 
Joe Raedle/Getty Images

Last month , LA took on predatory and high-pressure sales goals at major banks by tightening its responsible banking ordinance. Now, if a bank wants the city’s $17 million taxpayer-funded contracts, it must be transparent about sales goal tactics and employee compensation, and it can’t retaliate against whistleblowers who report suspected illegal bank activity. Bank reform advocates say high-pressure sales goals led to the Wells Fargo fake accounts scandal of 2016. Advocates pushing for the new language say the bank’s aggressive sales quotas hurt lower income people of color in Los Angeles. The banking industry opposes the new language in the ordinance, saying sales goals are competitive and they shouldn’t have to disclose them.

Click the audio player above to hear the full story. 

Fall of the Berlin Wall
Fall of the Berlin Wall
The financial lessons of Germany's reunification 30 years ago.  
Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.
How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.