> If it's actually true that such a loan is riskier, then the bank acted correctly.

Oh my god. We are not going to speed run racial discrimination in lending products again. Once is enough for me. This is actually specifically illegal.

> "What are the U.S. fair lending laws? Fair lending laws in the United States prohibit lenders from discriminating based on specific protected classes (such as race, color, national origin, and religion) during any aspect of a credit transaction." [1]

[1] - https://www.investopedia.com/the-history-of-lending-discrimi...