I don't think banks are trying to asses trustworthiness. I think they are trying to asses how likely they are to make profit.
What happens if more people of a group more likely to default take out loans? More of them default, further harming that group.
We do need to address institutional racism, I just don't think asking banks to behave irrationally will be effective in addressing it (or good for either party).
What happens if more people of a group more likely to default take out loans? More of them default, further harming that group.
We do need to address institutional racism, I just don't think asking banks to behave irrationally will be effective in addressing it (or good for either party).