Richard Alarcon

Has Los Angeles' Responsible Banking Initiative Been "Improved"?

Dennis Santiago | Posted 01.21.2012

Read More: Economic Recovery, Responsible Banking, Los Angeles, Richard Alarcon, Responsible Banking Ordinance, Los Angeles News
Dennis Santiago

It is unwise for a city like L.A. to focus on a narrow band of criteria when it comes to identifying which banking and financial institutions to do business with. The City needs to see bank responsibility as a holistic picture.

Read Post

Are Advocates Against Responsible Banking Being Responsible?

Dennis Santiago | Posted 01.14.2012

Read More: Dodd-Frank Act, Economic Recovery, Responsible Banking, Dennis Santiago, Los Angeles, Richard Alarcon, California, Los Angeles News
Dennis Santiago

Richard Alarcon's now long hampered quest to bring Responsible Banking to the city of Los Angeles asks questions important to all communities in this country.

Read Post

L.A. Waffles on Responsible Banking

Dennis Santiago | Posted 12.20.2011

Read More: Dennis Santiago, Los-Angeles-City-Council-Responsible-Banking-Initiative, Los Angeles, Richard Alarcon, Los Angeles News
Dennis Santiago

The City of Los Angeles talks a great game about the "love in at the park" of its version of the Occupy movement. But clearly the old guard apparatus isn't yielding ground as fast as the rhetoric.

Read Post

It's a Tremor, Not a Quake. Yet.

Tom Hayden | Posted 12.12.2011

Read More: Occupy La, Fdr, Lapd, Scott Walker, Tea Party, Richard Alarcon, Richard Trumpka, Bill Rosendahl, Occupy Wall Street, Wisconsin Movement, Politics News
Tom Hayden

The Occupy Wall Street movement is barely born and the mainstream media is already in the delivery room... The newborn movement needs breathing space.

Read Post

This Year In Weird News: Voodoo, Highway Concerts & Toilet Flushes

Curbed LA | Posted 05.25.2011

Read More: Vincent Kartheiser, Richard Alarcon, Ernie Carswell, Ke$Ha, LA News, Imperial Stars, Curbed La, Voodoo, Los Angeles News

For our second to last installment of the 2010 Curbed Awards, we consider the year's strangest events, kookiest characters, and plain biggest assholes...

Read Whole Story

Getting to Yes: Making Responsible Banking Work for Los Angeles, California and the Rest of "Main Street" America

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Responsible Banking, Tim Geithner, Richard Alarcon, Institutional Risk Analytics, Jerry Brown, Economic Recovery, Ben Bernanke, Bernard Parks, Sheila Bair, Los Angeles, Barack Obama, La Impact, Los Angeles News
Dennis Santiago

The U.S. is a big country and D.C. isn't the only place exploring ways to find economic recovery formulae. Across the country, cities and states are beginning to chart independent paths to creating their own "islands of recovery".

Read Post

Moving the Economy Forward: Can the City of Los Angeles Pass Its Responsible Banking Ordinance?

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Economic Recovery, Responsible Banking, Los Angeles, Richard Alarcon, Los Angeles News
Dennis Santiago

Richard Alarcon and his colleagues on the L.A. City Council drafted an ordinance calling for the city to favor financial contracts with banks that demonstrate "responsible banking practices" benefiting the economy and people of L.A.

Read Post

LA Councilman Faces Felony Voter Fraud Charges

AP | NARDINE SAAD | Posted 05.25.2011

Read More: Richard Alarcon Indictment, Richard Alarcon Indicted, Richard Alarcon, Los Angeles News

LOS ANGELES — A Los Angeles city councilman and his wife were indicted on a total of 24 felony counts stemming from allegations he lived outside...

Read Whole Story

Move Your Money: Bank Regulators Hold Hearings in Los Angeles

Dennis Santiago | Posted 05.25.2011

Read More: Bank Regulation, Dennis Santiago, Community Reinvestment Act, Congress, Fdic, Office of the Comptroller of the Currency, Office of Thrift Supervision, Move Your Money, Federal Reserve, Institutional Risk Analytics, Barack Obama, Richard Alarcon, Los Angeles News
Dennis Santiago

These hearings that could improve the Community Reinvestment Act, the 1977 law designed to ensure banks remain connected to communities. Regulators decided it may be time to update how this law is enforced.

Read Post

Move Your Money: What Is a Bank Reponsible For?

Tom Sgouros | Posted 05.25.2011

Read More: Kevin Boyce, David Segal, Richard Alarcon, Move Your Money, Move Your Money Campaign, Rhode Island, Well Fargo, Tim Cahill, Citigroup, Politics News
Tom Sgouros

I propose that we put our money in institutions with a good record of local lending, and who treat their customers well by not charging outrageous fees or usurious credit card interest rates.

Read Post

Suitability, Innovation and Meaningful Regulatory Reform

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Ucla, Richard Alarcon, Regulatory Reform, Sarbanes-Oxley Act, Sec, Finra, Los Angeles, Pcaob, Anderson School of Management, Aicpa, Business News
Dennis Santiago

Why isn't one of the pillars of emerging financial regulatory reform the institution of a "Black Swan" test that examines new financial product innovation and subjects it to some form of systemic risk consequence test?

Read Post

Los Angeles Pushes for Responsible Banking

Dennis Santiago | Posted 05.25.2011

Read More: Move Your Money, L.A. City Council, Dennis Santiago, Los Angeles, Richard Alarcon, Community Banks, Local Banks, Moving to Community Banks, Los Angeles Moves Its Money, Los Angeles News
Dennis Santiago

The City Council of Los Angeles voted 12-0 today to require banks doing business with the City to report on the details of their local reinvestment in the community.

Read Post

La-La Land Gets Feisty

Dennis Santiago | Posted 05.25.2011

Read More: Fdic, Dennis Santiago, Richard Alarcon, Bank of America, Move Your Money, Chris Whalen, Ben Bernanke, Bernard Parks, Los Angeles, Ncua, Los Angeles News
Dennis Santiago

L.A. City Councilman Richard Alarcon is hopping mad about the way his city and his people are being treated by the banking and finance industry and he's building a template for how to respond to it.

Read Post