Court Backs Firms on Credit Reporting

[Freddie Stubbs]

Source: Associated Press

WASHINGTON — The Supreme Court sided with two insurance companies Monday in a case involving alleged violations of the Fair Credit Reporting Act.

The law requires insurance companies and other businesses to notify customers who are charged more because of their credit ratings.

In a unanimous decision, the justices said Geico General Insurance Co. did not violate the law and that Safeco might have, but did not do so recklessly.

The insurance industry said a decision against it could have subjected companies to billions of dollars in punitive damages for failing to notify customers.

Read more: http://www.chron.com/disp/story.mpl/ap/fn/4859588.html

[annabanana]

1. Well now, THERE'S a shocker.

Thanks ralph.

[Freddie Stubbs]

2. Nader? How would this have been different if Gore had been in the White House?

The decision was unanimous. Even if Gore had appointed two justices, this decision still would have prevailed 7-2.

[hippiechick]

3. Wow, talk about a non sequitur ...

:eyes:

[xchrom]

4. recommend