I am not sure how one would remove all ageism, sexism, racism, classism, title-ism, and so on from lending. The whole concept is about making a prediction about the future with sub optimal information, guessing who will default on a loan and who won't. Same goes with insurance.

I have been pretty tempted to lie about where I live in order to reduce my insurance costs. It would reduce the insurance cost by half. It seems pretty disproportionately harsh that I should get lumped together with the people who simply happen to live around me.

Is it possible to make predictions illegal if they are based on historical data from other than the individual customer?