The tl;dr seems to be that the researchers didn't include credit scores in their model (because that data isn't made available), and it's a plausible channel for the racial identification signal to come through.
>Government regulators do have access to credit scores. The CFPB analyzed 2019 HMDA data and found that accounting for credit scores does not eliminate lending disparities for people of color.
There's a graph below this passage that shows the disparity quite clearly; it's lower at higher credit scores but never quite disappears. A person of color essentially has to have an excellent credit score to receive the same consideration as an average white credit-seeker. I'm reminded of the purported "race bonus" on SAT scores wrr college acceptance; I wonder which is more important to the average American, and who has the greatest grievance.
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[ 3.4 ms ] story [ 10.6 ms ] threadThere's a graph below this passage that shows the disparity quite clearly; it's lower at higher credit scores but never quite disappears. A person of color essentially has to have an excellent credit score to receive the same consideration as an average white credit-seeker. I'm reminded of the purported "race bonus" on SAT scores wrr college acceptance; I wonder which is more important to the average American, and who has the greatest grievance.