Insurance Firms Targeted in Credit Case
Jan 15, 2007 WASHINGTON - Several Supreme Court justices seemed taken aback Tuesday at the idea that insurance companies might be required to notify tens of millions of customers they aren't getting the best rates because of their credit reports.In making the argument for notification, lawyers for consumers said two insurance companies - GEICO and Safeco - violated the Fair Credit Reporting Act by failing to send customers notices of adverse decisions made because of their credit reports.At issue is a decision a year ago by the 9th U.S. Circuit Court of Appeals in San Francisco that would make it easier for consumers to prevail when they sue corporations for failing to notify them.....We are unable to display this entire news item because this article's licensing expires after a certain amount of time. This article was originally published by Associated Press/AP Online and it may be available at their website. Sorry for the inconvenience.
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