Consumer-Lending Discrimination in the FinTech Era

Financial support from the Fisher Center for Real Estate and Urban Economics, Haas School of Business, University of California at Berkeley is gratefully acknowledged. For helpful comments and suggestions, we thank Manuel Adelino, Sanjiv Das, Andreas Fuster, Andres Liberman, Manju Puri, Raghu Rau, Amit Seru, Ansgar Walther, Justin Wolfers, and seminar participants at U.C. Berkeley, Cornell, the University of Michigan, USC, NYU Stern, U.T. Austin, Texas A&M, Michigan State University, Chicago-Booth, Johns Hopkins University, Consumer Finance Protection Bureau, the George Washington-Federal Reserve Board Seminar Series on Household Finance, the Spring 2018 NBER Corporate Finance meeting, the 2018 NBER Law & Economics Summer Institute, the 2018 Annual Conference on Empirical Legal Studies, the 2017 Boston JOIM Conference, the 2017 Annual Research Conference of the Center for International Securities and Derivatives Markets, the 2018 NY Fed./NYU Stern Conference on Financial Intermediation, the 2018 American Law and Economics Association (ALEA) annual meeting, the 2018 Financial Intermediation Research Society (FIRS) annual meeting, the 2018 EFA meeting, the 2019 AEA meeting, the 2019 NBER conference on “Big Data: Long-Term Implications for Financial Markets and Firms,” the 2019 Adam Smith Workshop in Corporate Finance, the 2019 FMA Wine Country Finance Conference, the Federal Reserve Board, and Freddie Mac.. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.