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OLDFTB

On Newsnight A Bit Later

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A few years ago in the US the black and hispanic communities won a massive legal case against car manufacturers who had been charging higher IRs for loans to African Americans and Hispanic Americans than to White Americans.

I wonder if the same will now happen with mortgages?

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A few years ago in the US the black and hispanic communities won a massive legal case against car manufacturers who had been charging higher IRs for loans to African Americans and Hispanic Americans than to White Americans.

I wonder if the same will now happen with mortgages?

Looks like it

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A few years ago in the US the black and hispanic communities won a massive legal case against car manufacturers who had been charging higher IRs for loans to African Americans and Hispanic Americans than to White Americans.

I wonder if the same will now happen with mortgages?

Bring back local bank manager led lending.

Five years history of banking at your local branch and your bank manager will know if you are a responsible, prudent member of society, or a feckless muppet. Your skin colour should not be an issue.

Instead, we get blind risk assessment, which sees only that more BEM people default, so ups the interest rate and lends to anyone. That's unfair to everyone (including the repossessed muppets).

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Bring back local bank manager led lending.

Five years history of banking at your local branch and your bank manager will know if you are a responsible, prudent member of society, or a feckless muppet. Your skin colour should not be an issue.

Instead, we get blind risk assessment, which sees only that more BEM people default, so ups the interest rate and lends to anyone. That's unfair to everyone (including the repossessed muppets).

Absolutely TOTALLY agree....

And

COMPLETELY BAN LIAR LOANS OF ANY SORT.

25 year prison sentence for ANY lies/lying.

Edited by eric pebble

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