A major credit union serving military members and veterans rejected more than half of its Black conventional mortgage applicants
A major credit union serving military members and veterans rejected more than half of its Black conventional mortgage applicants
Not going to lie, my first thought was to wonder whether and how they controlled for this.
But I took a step back and reminded myself that REDLINING HAPPENED. Well into the modern day. It was only outlawed in 1968, and there’s evidence that banks continued to do it through the 70s.
It’s absolutely no surprise that there are still disparities, and I would be further unsurprised to find out that the deciding factor was zip code.
Same for car insurance. I moved down the road and that resulted me crossing a zip code line. New zip code is less white so my rates hiked. Of course they denied everything.
Do they even deny it? I thought geographic discrimination was an open policy.