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Closing The Racial Gap In Financial Services: Balancing Algorithmic Opportunity With Legal Limitation, Julia F. Hollreise

Cornell Law Review

Algorithmic credit assessment models wear two faces: one operating to perpetuate centuries of racial stratification and otherization in the United States' capitalist system, and one standing poised to correct such injustice by smoking out both inherent human biases and the remnants of past discrimination that are embedded in the system. Although the United States has undertaken efforts to equalize Black Americans' access to opportunities in education, employment, and other critical benefits, no modern and sustained effort has been made to ensure that the Black community is extended credit on sufficient and equal terms, without the effects of prior inequities continuing …