Credit checks had a similar impact for minority and disadvantaged communities. Before, if you wanted to get a mortgage or a car loan, the bank would assess you

Credit checks had a similar impact for minority and disadvantaged communities. Before, if you wanted to get a mortgage or a car loan, the bank would assess you based on a number of factors. Many banks explicitly used race as a criteria for denial. Now, with near instant credit checks, race has been removed as an explicit criteria, rightfully leading to much higher rates of loans and mortgages for minority and disadvantaged communities. Are credit checks anywhere close to reliable or fair? Can you correlate race based on zip code or other factors? Yes, these methods are not anywhere close to 'good enough'. But they are miles ahead of the explicit racism that preceded these form of financial product applications.