FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage

Posted on: July 24th, 2007
Filed Under: [ Hispanic News ] [ Press Releases ] [ Your Money ]
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“A study released today by the Federal Trade Commission confirms that African American and Hispanic drivers pay more for auto insurance because insurers use credit scores to determine premiums. The use of credit scores in insurance has long been a controversial practice because of its discriminatory impact on low income and minority families.”

Read more: http://www.prnewswire.com
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