The Los Angeles City Council has ordered an investigation of a community development bank that a Los Angeles Times article said was not living up to its mission.

On Feb. 10 the council demanded that Los Angeles Community Development Bank give a detailed report of its lending and job creation efforts in poor areas. The bank, created by the city three years ago to help rebuild neighborhoods decimated during 1992 rioting, must also disclose its underwriting policies and any litigation involving past loans.

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