CFA Calls for Quick Implementation of Washington States proposed Ban on Insurance Credit Scoring That Will Protect Vulnerable Consumers
Consumer Federation of America (CFA) urged the Washington State Office of the Insurance Commissioner to move forward with their proposed temporary ban on credit history’s use in insurance pricing. In comments submitted to the office, CFA wrote that this ban “is necessary to address the unfair discrimination created by the impact of the pandemic and related public policy responses on consumer credit histories, as well as the pandemic’s exacerbation of racial and ethnic disparities caused by the use of credit history in insurance underwriting, pricing, and other practices.”
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