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SUMMARY:Color and Credit: Race\, Regulation\, and the Quality of Financial
  Services
DTSTART:20180316T103000
DTEND:20180316T120000
DTSTAMP:20260919T110945Z
UID:b1388e12d0039077369c50b35eba36aa1850ff97297d5a75c3505f96
CATEGORIES:Conferences - Seminars
DESCRIPTION:Amiyatosh PURNANANDAM (University of Michigan)\nThe incidence 
 of mis-selling\, fraud\, and poor customer service by retail banks is sign
 ificantly higher in markets with lower income and educational attainment. 
 Further\, areas with a higher share of minority population experience sign
 ificantly worse outcomes even after controlling for factors such as income
 \, education\, and house price changes. Regulations aimed at improving acc
 ess to credit to such areas are partly responsible for these findings. Spe
 cifically\, low-to-moderate-income (LMI) areas targeted by the Community R
 einvestment Act have significantly worse outcomes\, and this effect is lar
 ger for LMI areas with a high-minority population share. The results highl
 ight an unintended adverse consequence of such quantity-focused regulation
 s on the quality of credit to poor and minority customers.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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