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

  • 744
    Gary Overby
    Madison, WI
    23 hours ago
  • 743
    Pearl Berman
    Grayslake, IL
    1 day ago
  • 742
    Mark Alan Dellavecchia
    Campbell, CA
    2 days ago
  • 741
    Eddie Gutierrez
    Los Banos, CA
    3 days ago
  • 740
    K Lucas
    Westminster, CA
    5 days ago
  • 739
    Dan Nickerson
    Los Angeles, CA
    5 days ago
  • 738
    George Marsh
    Tiffin, OH
    6 days ago
  • 737
    Virginia Utt
    Melbourne, FL
    1 week ago
  • 736
    Michael F. Kolassa
    Brooklyn, NY
    1 week ago
  • 735
    Betty Buchanan
    Bakersfield, CA
    1 week ago
  • 734
    Samuel Durkin
    Fairfield, CA
    1 week ago
  • 733
    Susan Porter
    Pasadena, CA
    1 week ago
  • 732
    Yves Decargouet
    Sebastopol, CA
    1 week ago
  • 731
    Deise Gardner
    Newport, NY
    1 week ago

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