Morgan Stanley is a complaint target
- Share via
An advocacy group for low- income housing accused Morgan Stanley of discriminating against minority borrowers seeking mortgages.
The National Community Reinvestment Coalition said it filed a civil rights complaint asking the U.S. Department of Housing and Urban Development and the Securities and Exchange Commission to investigate whether Morgan Stanley used the practice of redlining when considering mortgage applicants.
Redlining is a discriminatory practice through which banks and other financial institutions refuse or limit loans, mortgages, insurance and other services, often to minorities in inner cities.
Morgan Stanley said it was reviewing the complaint.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
