I would consider it not only reprehensible but absurd, as these examples are.

I can't think of any advantages a racist bank would have, can you? The approach by this lender is rather to dig deeper into individuals and give them an opportunity based on personal data. It seems just as likely that resulting correlations could help any given race.

I believe algorithmic attempts to understand people are a form of intelligence to support, even if they discover things we might not like or make mistakes along the way. Should they find uncomfortable truths we can own up, have a laugh and grow; it will be a lot easier than fighting facts.

Prejudice is literally pre-judging, making assertions based on fear without knowing the facts. Perhaps it's the algorithms themselves that are in need of protection here.