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Small businesses still face $28 billion of unforgiven PPP loans

Almost 350,000 loans made to small businesses in 2020 during the COVID-19 pandemic haven’t been forgiven, according to a Bloomberg News analysis of Paycheck Protection Program data, and most of them are for less than $25,000.

United statesNorth carolinaAngela thompsonDafina williamsVitalii vodolazskyiDennis huangRuben alonsoAracely panameNational associationOpportunity finance networkAmerican expressSmall business administrationLatino community asset buildersVentures fundHope policy instituteAsian business association

The secret bias hidden in mortgage-approval decisions

The secret bias hidden in mortgage-approval decisions
dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.

United statesNorth carolinaSouth carolinaFreddie macLori wildrickLos angelesEskias mcdanielMarie mcdanielsAracely panameNell redmond associatedDepartment of housingAssociated pressConsumer financial protection bureauCommunity home lenders associationCredit union national associationDepartment of veterans affairs

The secret bias hidden in mortgage-approval algorithms

The secret bias hidden in mortgage-approval algorithms
thenextweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenextweb.com Daily Mail and Mail on Sunday newspapers.

United statesNew yorkSouth carolinaLori wildrickFreddie macScott olsonPeter maselliKatie penoteChi wuBlair bernsteinDavid stevensLos angelesKevin steinGeorge washingtonMeaghan lynchAshley thomas

The secret bias hidden in mortgage-approval algorithms

The secret bias hidden in mortgage-approval algorithms
columbian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from columbian.com Daily Mail and Mail on Sunday newspapers.

United statesNew yorkNorth carolinaSouth carolinaLori wildrickFreddie macScott olsonPeter maselliKatie penoteChi wuBlair bernsteinDavid stevensLos angelesMarie mcdanielsKevin steinGeorge washington

The secret bias hidden in mortgage-approval algorithms

Lenders were 80% more likely to reject Black applicants than similar white applicants. These are national rates.

United statesNew yorkSouth carolinaLori wildrickFreddie macScott olsonPeter maselliKatie penoteChi wuBlair bernsteinLos angelesDavid stevensMarie mcdanielsKevin steinGeorge washingtonMeaghan lynch