Ninth U.S. City Adopts a Responsible-Banking Law; New Ordinance in San Diego Has Bankers Concerned That Local Officials Are Just 'Reacting to the Politics of the Time'

Byline: Kate Berry There's a growing list of major U.S cities that are requiring banks to prove that they are adequately serving low- and moderate-income consumers. The San Diego City Council unanimously passed a "responsible banking" ordinance in September, compelling any bank doing business with ...
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