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Hidden ingredients? Fintech algorithms make decisions based on data that borrowers may be unaware of, such as who they follow on Twitter or the number of criminal records in their ZIP codes. It is critical that they leave out discriminatory factors, the author says.

Race should have no place in fintech lending decisions


Fintech companies can help consumers and small businesses obtain credit at lower costs, but it is critical to ensure that these innovative companies do not harm borrowers with predatory or discriminatory lending practices.

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