WASHINGTON–The Supreme Court has agreed to determine when insurers and other businesses must notify their customers that rate increases were based on changes in their credit rating, so-called "adverse action" reports.
No date has been set for oral arguments in the case, prompted by conflicting interpretations of the Fair Credit Reporting Act by lower federal courts in class action lawsuits.
Insurance trade groups said they were happy the high court decided to hear the appeal by carriers.
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