Abstract
The SBPC found that companies' use of information on credit applicants' education history resulted in ‘educational redlining,’ penalizing borrowers who attended minority-serving institutions. In response to our findings, five United States Senators wrote to a range of companies involved in the collection and use of educational data to demand detailed explanations of this data’s utilization in credit underwriting. These companies' responses only heightened concerns raised in our initial research and revealed additional gaps in fair lending oversight.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
