IMF researchers: digital footprint yields better credit assessment

Re:IMF researchers: digital footprint yields better credit a... by insert_coin on Friday February 12, 2021 @07:33PM (#26120328)

And how did 'give everyone a home loan never mind if they can't afford it' worked out in 2008?

Sometimes I do wonder if people who present the argument you just presented realize that that is exactly how we've been doing things, and it just keep making the problem bigger.

Maybe I'm too much of a romantic, but I still harbor hope at some point they will realize it and begin to contemplate trying something different.

[ Parent | on HN ]

Re:IMF researchers: digital footprint yields better credit a... by dTal on Saturday February 13, 2021 @07:37AM (#26123264)

We're not talking about giving loans to people who can't afford it. We're talking about giving loans to black people.

Nobody is arguing against fairly assessing an individual person's ability to pay off a loan - the issue at question is whether it's okay to use race as a statistical proxy for that.

[ Parent | on HN ]