Sun.Sep 05, 2021

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General Insurance Code of Practice and Hardship

Debt Recoveries

Reading Time: 8 minutes As of July 2021, the new general insurance code of practice came in to effect. As Debt Recoveries Australia services a significant portion of the insurance industry, it has been of the utmost importance that we remain aware of the changes to the code and how they affect our clients, their insured customers and any third parties that recovery may be sought from in a claim. .

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Markup Study finds "loan applicants of color were 40%–80% more likely to be denied than their White counterparts"

Public Citizen

Here , by Emmanuel Martinez  and  Lauren Kirchner and headlined "The Secret Bias Hidden in Mortgage-Approval Algorithms." Excerpt: An investigation by The Markup has found that lenders in 2019 were more likely to deny home loans to people of color than to White people with similar financial characteristics—even when we controlled for newly available financial factors that the mortgage industry for years has  said would explain  racial disparities in lending.

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