The Los Angeles City Council passed a motion last week to restrict large banks vying for city contracts from using predatory sales goals, in response to the furor over Wells Fargo's phony-accounts scandal.

The motion does not ban sales goals but would require that banks bidding for city business certify that their sales practices are not predatory. The motion by Councilman Paul Koretz passed unanimously last Tuesday. Wells Fargo is the primary bank for the city of Los Angeles and its contract expires next year.

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