Data and Code for: Using Technology to Tackle Discrimination in Lending: The Role of FinTechs in the Paycheck Protection Program

We study Paycheck Protection Program (PPP) lending by FinTechs. The Paycheck Protection Program (PPP) was one of the many policy interventions by the U.S. government during the Covid-19 pandemic. We find that PPP loans from the Top-5 large commercial banks to Black borrowers are approximately 59 percent smaller than observationally similar White borrowers. On the other hand, PPP loans from FinTechs to Black borrowers are approximately 13 percent smaller than observationally similar White borrowers. Our results suggest that FinTech models may reduce some but not all of the Black - White disparities in small business lending outcomes.