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OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard,2017-06-20,"Concurrent Meeting of the Oakland
Meeting Minutes - DRAFT
June 20, 2017
Redevelopment Successor Agency /
City Council / Geologic Hazard
Abatement District Board
S15
Subject:
Linked Banking Services Ordinance Amendment
From:
Housing and Community Development
Recommendation: Adopt An Ordinance Amending Ordinance No. 12066 C.M.S.
Establishing The Linked Banking Services Program To Require Eligible Depositories
To Submit Improvement Plans And Other Information Concerning Banking And
Lending Practices As Required By The City Administrator
16-1087
There were 14 speakers on this item.
Councilmember Kalb made a motion, seconded by Gallo, to amend the resolution
with the following addition to the definition of ""Eligible Depository"":
* Amend 4 (third 'or"" becomes ""and/or"" last ""and' struck) and 5 (replace period
with semi-colon):
4. Provides detailed information that shows whether or not the depository does
or does not "" Support the Dakota Access Pipeline"". Violate Indigenous
Sovereignty"", and/or ""Support Mass Incarcation"" as defined below; striking the
word ""and""
5. Complies with reporting requirements specified in Section 3 of this ordinance;
* Add 6, 7, and 8:
6. Provides written information on the felony convictions of the depository and
any civil or regulatory fines or penalties exceeding $10 million imposed on the
depository within the past five years;
7. Provides a wirtten summary of the fees charged to the depository's consumer
customers; and
8. Provides a listof names and locations of payday lending companies doing
business in Oakland that are affiliated with the depository.
This Ordinance be Approved As Amended On Introduction and Scheduled for
Final Passage.to go before the Concurrent Meeting of the Oakland
Redevelopment Successor Agency and the City Council to be heard 6/27/2017
Excused: 1 - Brooks
Aye: 7 - - Campbell Washington, Gallo, McElhaney, Guillén, Kalb, Kaplan, and Reid
City of Oakland
Page 21
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