Research: Local tastes impact US bank loans to minority communities.

January 17, 2024
1 min read

TLDR: Researchers at the Federal Reserve Bank of New York have found that local preferences for inequality impact bank lending to ethnic minorities in the US. The study revealed that if stakeholders in an area are more averse to inequality, there is a smaller loan approval gap for minorities. The findings suggest that lenders may be influenced by the beliefs and preferences of their stakeholders.

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