"Although credit scores never formally take race into account, they draw on data about personal borrowing and payment history that is shaped by generations of discriminatory public policies and corporate practices that limit access to wealth for Black and Latinx families."
“They collect our data without our permission. They profit from our data. They fail to invest in processes to verify accuracy. And their models are not transparent. This puts Black and Brown consumers at a serious disadvantage.”
The Biden administration should implement its public credit registry proposal to shift power away from an oligopoly that exercises inordinate control over consumers’ financial prospects and towards a fairer system that better respects consumers and reduces racial inequality.
American democracy wasn't functioning well for many Americans before this election. Sure, it's working well as it was designed by our all-white, all-male founding fathers — to protect white political power — but it's still failing Black and brown people.
Besides, focusing narrowly on individual instances of discrimination often leaves in place workplace policies and the power structures that perpetuate systemic discrimination against Black and brown communities in particular.
COVID-19 has exposed longstanding racial and economic inequalities in American life, which is evident in the fact that communities of color are being hit the hardest by both the medical and the economic impacts of the virus.
"This will have serious consequences for staff morale at the justice department, for the credibility of justice department attorneys in court, and for the public’s sense that the justice system is fair."