credit score disparate impact News

Fed Warns Credit Scores ‘May Lose Some Power’ After Covid

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 …

Root Insurance Hopes Others Join Its Vow to End Use of Credit Scoring

Root Insurance pledged to eliminate the use of credit scoring from its car insurance pricing model by 2025, a move the insurtech said will help remove bias and discrimination from the process. “Eliminating credit scores is a major and necessary …

Supreme Court to Hear Disparate Impact Liability This Week

The U.S. Supreme Court is positioned to wipe out a major category of housing discrimination suits, and civil rights groups are running out of ways to stop it. In arguments Wednesday in Washington, the court will consider requiring people suing …