Recent concerns over the Coronavirus pandemic lead to an increase in discrimination in banking, particularly minority-owned small businesses, finds RuCCS Affiliate Professor Jerome Williams
- Published: Tuesday, 03 November 2020 14:46
A study conducted by Jerome Williams (RuCCS Affiliate, Distinguished Professor, and Prudential Chair in Business at Rutgers) and peers argues that Black borrowers face disadvantages even before filing for loans.
In the study, the same qualifications and statuses were presented for both the White and Black borrowers. Ultimately, it was White borrowers who were more likely to get an additional line of credit with their loans while Black borrowers weren't even offered additional credit.
Read more on the study in the New York Times article here or the NCRC article here.