Data analytics and machine-learning techniques are revolutionizing how lenders make pricing and underwriting decisions. Credit unions have a unique opportunity...
Jan 01 1995
Discrimination in Lending: What Are the Issues?
This was the second in a continuing series of colloquiums designed to stimulate an informed dialogue between and among academic researchers and credit union practitioners. This monograph reports the proceedings of the sessions at the 1993 colloquium that was devoted to the issue of lending discrimination. The focus of the papers and the discussion was on what we know about this issue and what type of additional research would promote informed decisions.
Bonnie Guiton Hill (Dean, McIntire School of Commerce) began the colloquium with introductory comments. Professor Robert Schweitzer, (University of Delaware) presented a paper that surveys the professional literature and discussed where we stand after 25 years of research on lending discrimination. Following the presentation of his paper, Thomas J. Hughes (President and CEO of Navy Federal Credit Union) discussed the issue from the viewpoint of a CEO whose credit union is actively engaged in the mortgage lending and Professor Harold Black (University of Tennessee) discussed the issue from an academic viewpoint, as well as that of someone who has been actively involved in consulting on this issue with financial institutions and governmental agencies. In the next session, Professor Robert A. Eisenbeis (University of North Carolina) suggested topic areas for additional research leading to informed policymaking, and Professor Robert W. Johnson (Purdue University) presented a report on current research that takes an innovative look at credit-granting criteria.
Report Number 11