[OrangeMonkey]

> If it's actually true that such a loan is riskier, then the bank acted correctly.

Oh my god. We are not going to speed run racial discrimination in lending products again. Once is enough for me. This is actually specifically illegal.

> "What are the U.S. fair lending laws? Fair lending laws in the United States prohibit lenders from discriminating based on specific protected classes (such as race, color, national origin, and religion) during any aspect of a credit transaction." [1]

[1] - https://www.investopedia.com/the-history-of-lending-discrimi...

[zarathustreal]

I wonder if that law has had any impact on the issue? Have there been any followup studies to verify that the targeted groups did indeed become more creditworthy?

[OrangeMonkey]

You know I never checked. I mean it seems obvious it would but I don’t recall seeing a study.

Honestly though a study like that may be banned from most research houses as it can fall into a bad spot. What happens if the study found it didn’t help. :/

I feel like the regulations here are good regardless. I don’t Want someone to be penalized specifically because of their race.