FTC Blasted On Insurance Scoring

WASHINGTON - Several consumer and civil rights groups are slamming a Federal Trade Commission report on the use of insurance credit scoring, calling the study "defective" and "biased insurance industry propaganda."

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At issue is the use by insurers of consumers' credit reports for determining insurance eligibility and premiums.

The FTC issued its report in response to a congressional request, but groups that include the Consumer Federation of America say the report is based upon data provided by insurers and, as such, concludes incorrectly that the practice is not harmful.


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