Minorities Pay More for Loans

A recent study done by the Federal Reserve on Friday shows that minorities such as African-Americans and Hispanics are more likely to pay higher interest rates for loans then Whites. The report was based on data was collected from the Home Mortgage Disclosure Act (HMDA) from 8,850 loaners across the nation. The law states that "lenders must make pricing disclosures for home loans whose interest rate exceeds certain thresholds. For first-lien loans, lenders must report those on which the rate exceeds the yield on comparable Treasury securities by at least three percentage points". In 2005, aproximately 55% of African-Americans went over the threshold which is dramaticly higher than the 17% of white borrowers. Does this seem fair to minorities? Are there any ways to help preent this from happening?