https://www.theroot.com/dear-debate-moderators-there-are-more-black-issues-bes-1841912370
There is a lot of nonsense in this article.
The schools thing I think misses the forest for the trees. Yes, majority black schools, in general have less AP courses, and black students are less likely to participate in them in schools that have them, but this is more socioeconomic than pure racism. Black kids even at white schools are more likely to be poor, less likely to have had parents that went to college, etc, so they are more likely to be unprepared for AP courses. Schools In poor black districts doubly so, so there is less demand for AP courses, so the schools don’t offer them.
The credit score thing is almost entirely nonsense with one or two important exceptions. The big exception is something like Upstart, which is under investigation by the CFPB for violating fair lending by giving higher APR on unsecured personal loans to HBCUs than say Harvard. But they don’t offer student loan refinancing, so this can’t be what he is referring to. (There are some intricacies to how Upstart works that make this somewhat less insidious, but imo, they still done fucked up).
But your race is not used in calculating your credit score. It would be illegal if it were. Yes, black people have lower credit scores, but this is solely because their economic conditions are worse. There is no need for a new law that bans discrimination in credit scoring or redlining. Those laws already exist, and no actual bank would do that on purpose because they would get fined coming and going. (Upstart is not a bank and is actually a tech startup, have some experience with them and while they sort of try to take the regulations into effect... that they may have violated fair lending does not surprise me, as my impression was that they aren’t really doing it right or taking it seriously enough).
