Fight for Responsible Banking!

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On Sunday, June 10th, 2012, NY City Council Speaker Christine Quinn joined 200 community leaders and voiced her commitment to override Mayor Bloomberg's veto of the "Responsible Banking Act" (RBA). The new law voted by the Council with a vote of 44 to 4 last month, promotes transparency and encourages banks to be more responsive to the credit needs in local neighborhoods. The RBA requires that banks seeking to hold city deposits provide data on their lending, investment and services in a given community.

"We have fought long and hard to pass this bill, but the fight is not over," said Yvette Clairjeane, Brooklyn Congregations United leader and member at Our Lady of Refuge Church. "We thank the Speaker for her unwavering commitment to seeing the Responsible Banking Act made a reality and look forward to the Council's override of the Mayor's veto." Update: One June 28th, the NY City Council voted to override the Mayor's veto of the RBA by 47 votes!

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