Less racial bias online for PPP

      Black-owned small businesses were 70% more likely to obtain Paycheck Protection Program loans from online lenders rather than from traditional banks, according to a recent New York U study.

      The researchers found that when small banks automated their processes, lending to Black-owned firms increased. Thus, limiting “human involvement” in loan originations can reduce apparent discrimination, the study concluded.

More Information:
NYU study: https://bit.ly/2XmrtUg

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Less racial bias online for PPP

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