by Eric J. Ellman | Dec 5, 2022
Two new York Assembly committees held a hearing on December 6 “[t]o examine the accuracy and effectiveness of consumer credit reports and opportunities to improve and modernize the credit reporting system.” The hearing was called by Nily Rozic, the Chair of the...
by Eric J. Ellman | Nov 29, 2021
Prof. Barbara Kiviat, an assistant professor in Harvard’s Department of Sociology, has authored a new paper, The art of deciding with data: evidence from how employers translate credit reports into hiring decisions. The paper was referenced in a recent HuffPost...
by Eric J. Ellman | Jul 11, 2021
On March 22, 2021, the Washington Office of the Insurance Commissioner (“Commissioner” or “OIC”) issued WSR 21-07-1103, Insurance Commissioner Matter R 2021-02, an emergency rule temporarily prohibiting the use of credit history to determine premiums and...
by Eric J. Ellman | Apr 19, 2021
The U.S. Chamber of Commerce issued a new report, The Economic Benefits of Risk-Based Pricing for Historically Underserved Consumers in the United States. This report, from the Chamber’s Center for Capital Market Competitiveness (CCMC), evaluates how risk-based...
by Eric J. Ellman | Jan 28, 2021
In a press release, the Consumer Federation of America (CFA) “show[ed] that good drivers in Washington State face auto insurance penalties of 35% if they have Fair credit histories rather than Excellent credit, and those with Poor credit pay 79% more on average....
