alt Hacker NewsThink about it this way - banks are prohibited from asking certain questions. However, if they have a strong correlation with another factor, then they can ask that and get the same result.
Think about it this way - banks are prohibited from asking certain questions. However, if they have a strong correlation with another factor, then they can ask that and get the same result.
Banks are absolutely allowed to ask for your income and credit history. Why would phone model be a better signal than credit score, for loan defaults?