NAACP and Student Borrower Protection Center Send Letter to Financial Technology Firm Over Equal Credit Opportunity Act and Fair Housing Act Violations
July 31, 2020
July 31, 2020
NEW YORK, July 31 -- The NAACP Legal Defense and Educational Fund issued the following news release:
The NAACP Legal Defense and Educational Fund, Inc. (LDF) and the Student Borrower Protection Center (SBPC) sent a demand letter to financial technology firm Upstart explaining how the firm's algorithm likely violates the Equal Credit Opportunity Act and the Fair Housing Act by giving materially worse loan offers to graduates of historically Black colleges and universities than those . . .
The NAACP Legal Defense and Educational Fund, Inc. (LDF) and the Student Borrower Protection Center (SBPC) sent a demand letter to financial technology firm Upstart explaining how the firm's algorithm likely violates the Equal Credit Opportunity Act and the Fair Housing Act by giving materially worse loan offers to graduates of historically Black colleges and universities than those . . .