Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance

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Section 215 of the FACT Act (FACTA)1 requires the Federal Trade Commission (FTC or the Commission) and the Federal Reserve Board (FRB), in consultation with the Department of Housing and Urban Development, to study whether credit scores and credit-based insurance scores affect the availability and affordability of consumer credit, as well as automobile and homeowners insurance. FACTA also directs the agencies to assess and report on how these scores are calculated a… More >> Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance

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