WASHINGTON Fed Study Challenges Claims of Lender Bias

A new Federal Reserve Board study takes aim at the widely held view that banks discriminate against marginally qualified minority loan applicants. The study contends the exact opposite is true - banks are quicker to extend loans to risky minority borrowers than to comparable white applicants. The study, based on analysis of default rates, could change the way regulators and lawmakers look at fair-lending rules.Jan. 25

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