The American Civil Liberties Union lawsuit against Morgan Stanley over discriminatory lending practices has revealed for the first time that homeowners are filing claims under two civil rights acts: the Equal Credit Opportunity Act and the Fair Housing Act.
The suit also alleges that the mortgage bank has been unfairly targeting communities starving for investment and offering assistance to people who the bank knows do not have the resources to buy homes.
Host Carmen Russell-Sluchansky spoke with Stuart Rossman, director of litigation for the National Consumer Law Center, to discuss the case.
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