How Some Algorithm Lending Programs Discriminate Against Minorities

Racial profiling by banks against African-Americans, Latinos and other minorities who are trying to qualify for the lowest priced home or auto loans has been a fact for decades. But shouldn't the algorithms of computer-driven lending programs be blind to ethnicity? Not quite, according to a new study. Washington Post personal finance columnist Michelle Singletary has been looking into this and joins us. Michelle, thanks so much for being with us.