Racial profiling by banks against African-Americans, Latinos, and other minorities who are trying to qualify for the lowest priced home or auto loans has been a fact for decades.

A new Northwestern University analysis finds that discrimination in loan denial and cost has not declined much over the previous four decades for minorities. Black and Hispanic borrowers are more likely to be rejected when they apply for a loan and are more likely to receive a high-cost mortgage. This discrimination makes it more difficult for minority households to build wealth through housing. When the mortgage industry use credit and lending algorithms that run on biases, modern redlining occurs.

Register here and join the conversation with Lincoln Quillan, Northwestern University, Alexandra Franco, Chicago-Kent College of Law, and commercial banker Michelle Kennedy on Friday, November 13 at 7 p.m.. The discussion will be moderated by Illinois Tech’s Elisabeth Hildt.