Colorado officials want to ensure that residents’ social media habits, credit scores and other less traditional customer data cannot be used against them when shopping for insurance.
Tag: credit scores
Credit Scores ‘May Lose Some Power’ After Covid, Fed Warns
The Federal Reserve Bank of New York warned that credit scores — the all-powerful number that can determine if a consumer is able to qualify for a loan, rent a home or even buy car insurance — might have gotten less reliable during the coronavirus pandemic. Scores for homeowners who took advantage of payment relief… Continue reading Credit Scores ‘May Lose Some Power’ After Covid, Fed Warns