Supreme Court Sides with Geico, Safeco

Summary


WASHINGTON (AP) - The Supreme Court ruled in favor of two large insurers Monday, limiting the circumstances under which companies must tell customers their credit ratings are affecting the amount they pay.

The justices said Geico General Insurance Co. did not violate the Fair Credit Reporting Act and that Safeco Insurance Co. of America might have, but did not do so recklessly.

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Extract


Supreme Court Sides with Geico, Safeco

Consumer groups point to the notification requirement as the cornerstone to cleansing credit reports of inaccurate information.

The case has significa...

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