Group: Several banks closing Arab-American accounts
A Michigan-based Arab-American advocacy group has asked the federal government to investigate banks for closing accounts of Arabic-American community members.
SO IT'S A TEMPEST IN A TEAPOT. Carmen: SEVERAL MAJOR BANKS ARE BEING NAMED IN A CASE OF DISCRIMINATION. THE BANKS ARE ACCUSED OF CLOSING ACCOUNTS OF CUSTOMERS SIMPLY BECAUSE OF THEIR ETHNICITY AND COMING FROM SEVERAL PEOPLE LIVING IN DEARBORN. OUR BISI ONILE-ERE HAS THE STORY. Bisi: HERE'S A COPY OF ONE OF THE LETTERS THAT INFORMS THE ACCOUNT HOLDER THAT THEIR ACCOUNT WILL BE CLOSED AND OFFERS NO EXPLANATION AS TO WHY. BUT IT APPEARS THAT ARAB-AMERICANS ARE BEING TARGETED. DEARBORN BUSINESSMAN RECEIVED HIS LETTER IN THE MAIL A FEW WEEKS AGO. THE BANK WHERE HE HELD AN ACCOUNT FOR YEARS WAS UNEXPECTEDLY AND ABRUPTLY SEVERING TIES. CONFUSED, HE IMMEDIATELY CALLED HIS BANK. I SAID, WHY YOU WANT TO CLOTHES MY ACCOUNT AND MY KIDS' ACCOUNT AND BUSINESS ACCOUNT. SHE SAID SHE IS SUSPICIOUS ABOUT THE ACCOUNT BETWEEN ME AND MY BROTHER. Bisi: THERE HAVE BEEN SIMILAR COMPLAINTS FROM THOSE IN THE ARAB COMMUNITY AND OFFER NO EXPLANATION. BUT THE BANKS MAKE CLEAR THAT ACCORDING TO THE RULES AND REGULATIONS, THEY HAVE A RIGHT TO PART WAYS. THE ACRL BELIEVES IT'S A FORM OF DISCRIMINATION. THIS IS UNNECESSARY, UNFAIR, UNPRINCIPLED AND VIOLATES THE CONSTITUTION AND ANY NOTIONS OF FAIR PLAY WITH THE GOVERNMENT. VERY UNCOMFORTABLE AND I FEEL DISRESPECTED. Bisi: THEY'RE URGING THE U.S. DEPARTMENT OF JUSTICE TO INVESTIGATE HUNTINGTON, FLAG STAR, CHARTER ONE AND CHASE, ARE SOME OF THE INSTITUTION NAMED IN THE COMPLAINT. IT IS UNCONSTITUTIONAL FOR A FINANCIAL INSTITUTION TO REFUSE A PUBLIC ACCOMMODATION ON THE BASIS OF RACE. Bisi: THEY SAY THEY RESERVE THE RIGHT TO COMMENT BECAUSE THEY HAVE YET TO RECEIVE THE COMPLAINT.
