Petition

Tell Wall Street to Stop Discriminatory Lending Practices

About the Petition

Under a landmark discrimination lawsuit, Morgan Stanley is being accused of violating the Fair Housing Act by pushing high-risk mortgage loans on African Americans. Individuals in low and middle-income communities in Detroit were especially vulnerable to this kind of activity. The federal Fair Housing Act prohibits discrimination based on race, color, sex, religion, handicap, or national origin. 

Morgan Stanley and other Wall Street banks used discriminatory lending practices leading up to the housing crisis of 2008. These banks gave communities of African Americans an overwhelming amount of predatory loans — loans that come with outrageous terms and conditions — usually associated with unfair and deceptive lending practices.

Stand with the ACLU: demand all Wall Street banks that implemented discriminatory lending practices are held accountable!

Photo Credit: Shannon Stapleton/Reuters

To: Attorney General Eric Holder

Wall Street banks caused a housing collapse in certain African American communities by utilizing discriminatory lending practices since 2008. These practices violated the Fair Housing Act and led to countless foreclosures. 

Banks are still making large profits off risky mortgages. Rubbie McCoy, a plaintiff in the ACLU’s case against Morgan Stanley, is a victim of receiving a bad loan from a subprime lender. She has been in jeopardy of losing her home ever since. She is just one of many African American individuals affected.

I stand with individuals like McCoy and organizations like the ACLU in demanding Wall Street be held accountable for discriminatory lending practices.   

Sincerely, 

[Your name here]

Supporters

  • 655
    Anonymous
    Canada
    1 year ago
  • 654
    Julie Botsch
    Smyrna, DE
    1 year ago
  • 653
    Arthur Riding
    United Kingdom
    1 year ago
  • 652
    Gary Overby
    Madison, WI
    1 year ago
  • 651
    Pearl Berman
    Grayslake, IL
    1 year ago
  • 650
    Mark Alan Dellavecchia
    Campbell, CA
    1 year ago
  • 649
    Eddie Gutierrez
    Los Banos, CA
    1 year ago
  • 648
    K Lucas
    Westminster, CA
    1 year ago
  • 647
    George Marsh
    Tiffin, OH
    1 year ago
  • 646
    Michael F. Kolassa
    Brooklyn, NY
    1 year ago
  • 645
    Betty Buchanan
    Bakersfield, CA
    1 year ago
  • 644
    Susan Porter
    Pasadena, CA
    1 year ago
  • 643
    Yves Decargouet
    Sebastopol, CA
    1 year ago
  • 642
    Deise Gardner
    Newport, NY
    1 year ago

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