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Or maybe racism falsely informs that risk model? If that's the case then one can likely deploy capital like its low-risk to "higher-risk" (and thus higher APR)
by maerF0x0 10y ago
Or maybe racism falsely informs that risk model? If that's the case then one can likely deploy capital like its low-risk to "higher-risk" (and thus higher APR) loans. Of course competition will eventually destroy this model, but initially it could be profitable.
- angry-hacker 10y agoI don't think the models for giving loans are racist, they are based on facts and reality.
- pwinnski 10y agoSadly, this is demonstrably untrue. A purely-math-based approach would still bear the weight of past racist policies and their residual effects, but that's not even what we have today.