Consumer Lending Discrimination in the FinTech Era
This paper evaluates differentials between borrowers of different races in loan approval rates and pricing between fintech and traditional mortgage lenders. The paper finds that unexplained pricing differentials are smaller among technology-heavy lenders and that such differentials overall have declined as the mortgage industry as increased reliance on algorithmic lending in recent years.
UC Berkeley Public Law Research Paper
Robert Bartlett, Adair Morse, Richard Stanton, Nancy Wallace.