Age- and Race-Based Discrimination in Consumer Credit

摘要

The usual notion of discrimination in credit implies denial--refusing to grant itentirely or restricting it. But the concept of credit discrimination has recently expanded to include the idea of charging more--higher interest, higher loan-related charges, and, where the sale of a good is being financed, sometimes a higher price on the product itself--to certain consumers. While statistical 'proof' is as yet hard to find, advocates know from experience that the elderly and minorities are particularly vulnerable on both counts, and, of course, being elderly and minority puts one doubly at risk.