University of Michigan: Consumers' Race, Income Affect Quality of Financial Services, Treatment By Lenders
October 02, 2020
October 02, 2020
ANN ARBOR, Michigan, Oct. 2 (TNSRep) -- The University of Michigan issued the following news release:
Unfair, unequal treatment of poor and minority customers of financial institutions is nothing new. Nor are efforts to protect vulnerable populations through changes to the law.
New research by University of Michigan finance professor Amiyatosh Purnanandam finds federal regulations aimed at ensuring equal access to credit has an unintended consequence: The quantity of fi . . .
Unfair, unequal treatment of poor and minority customers of financial institutions is nothing new. Nor are efforts to protect vulnerable populations through changes to the law.
New research by University of Michigan finance professor Amiyatosh Purnanandam finds federal regulations aimed at ensuring equal access to credit has an unintended consequence: The quantity of fi . . .