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City of Los Angeles Responsible Banking & Investment Monitoring Program For Investment BanksInvestment banks providing City investment banking services or seeking City investment banking business
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Review the requirements and guidelines set forth in the responsible banking ordinance.
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Who needs responsible banking ordinance?

01
Financial institutions such as banks and credit unions.
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Local governments and municipalities looking to regulate banking practices within their jurisdiction.
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Consumer advocacy groups and organizations promoting ethical banking practices.
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Responsible banking ordinance is a regulation that requires financial institutions to report on their practices related to lending, investment, and community development.
Financial institutions, such as banks, credit unions, and other lenders, are required to file responsible banking ordinance.
To fill out responsible banking ordinance, financial institutions must provide information on their lending practices, investment activities, and community development initiatives.
The purpose of responsible banking ordinance is to promote transparency and accountability in the financial industry, and ensure that institutions are serving the needs of all communities.
Information that must be reported on responsible banking ordinance includes data on loans made, investments, and efforts to support low-income and minority communities.
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