Advisory: Los Angeles, New York to Simultaneously Consider Adopting Responsible Banking Ordinances

***MEDIA ADVISORY FOR TUESDAY, MAY 15***

FOR IMMEDIATE RELEASE
May 14, 2012

CONTACT
David Graham-Caso
(cell) 213.393.9196

Los Angeles, New York to Simultaneously Consider Adopting Responsible Banking Ordinances

Two Largest Cities in America Could Approve Similar Landmark Laws on Same Day

(Los Angeles, CA) – Tuesday, May 15, 2012 could become a banner day for banking responsibility in the United States, as the City Councils of the two largest cities in the nation will simultaneously consider adopting similar banking responsibility ordinances.  The ordinances, which would each create public, transparent processes for gathering information about bank’s history of service in communities, will be considered by Councilmembers in Los Angeles and New York at each respective city’s Council meeting on Tuesday. 

WHAT:        Los Angeles Responsible Banking Ordinance

WHO:          Los Angeles City Councilmember Richard Alarcón

WHEN:       Tuesday, May 15, 2012
                    10am PT

WHERE:     Los Angeles City Hall
                    200 N. Spring St.
                    Los Angeles, CA 90012

MEDIA AVAILABILITY – LOS ANGELES

RALLY PRECEDING COUNCIL MEETING
Activists “from a coalition representing the 99%” - including ACCE, SEIU Local 721 and Good Jobs LA – will host a rally on the Spring Street steps of Los Angeles City Hall at 10am PT.  For more information about the rally, please contact: Jacob Hay, jacob.hay@goodjobsla.org or 310.855.2640.

COUNCILMEMBER ALARCÓN PRESS CONFERENCE
Councilmember Alarcón will host a press conference in the City Hall Third Floor Media Room (behind Council Chambers) immediately following the Council vote. For more information about this press conference, please contact David Graham-Caso at david.grahamcaso@lacity.org or 213.473.7007.

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FOR MORE INFORMATION
For more information about the Los Angeles Banking Responsibility Ordinance, authored by Councilmember Richard Alarcón, please contact David Graham-Caso at 213.473.7007 or visit www.responsiblebankingLA.blogspot.com.

For more information about the New York Banking Responsibility Act, co-authored by Councilmembers Al Vann and Domenic M. Recchia, Jr., please contact Mandela Jones in the Office of Councilmember Vann at 212.788.7354.

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