Just as the release of data about race and sex helped lenders to focus on the underserved markets identified by the data, so will the new pricing data help them focus on those people and geographic areas that may be underserved. Over the last decade, lenders made great strides in improving their lending policies and developing strong compliance-management and oversight programs.
However, as the mindset and behavior based on the assumption that wages and prices will not increase easily have become embedded in the economy over a long period of time, it has been taking time for the situation to change.