Monthly Archives: November 2017

Divest LA Statement – Budget and Finance Committee Meeting 11.27.17

Photo: Divest LA with Alliance of Californians for Community Empowerment and Committee for Better Banks. In continuous victory for the Divest LA movement, LA City Council takes a progressive leap forward in the banking services Request for Proposal (RFP) contract. After 8 months of hard-hitting legislative advocacy, policy writing, and lobbying, the City’s RFP drafted…
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Divest LA Statement – Budget and Finance Committee Meeting 11.6.17

The Los Angeles City Council’s Budget and Finance Committee took a monumental step forward today with divestment and bank accountability. Under the revised and strengthened Request for Proposal (RFP) for banking services contract, Wells Fargo will be disqualified from commercial banking services with the City of Los Angeles due to their downgraded Community Reinvestment Act (CRA) rating.   Wells…
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