Rashida Tlaib proposes banning credit scores in auto insurance

WASHINGTON — A first-term Democrat on the House Financial Services Committee is introducing legislation to ban the use of credit reports and scores in determining auto insurance rates.

Rep. Rashida Tlaib of Michigan has sponsored the Prevent Discrimination in Auto Insurance Act to prevent “undue burden” on low-income individuals seeking auto insurance.

In a letter to her colleagues, Tlaib said using credit reports “for the determination of auto insurance rates serves no purpose in determining the safety of the driver” and “does nothing to keep other drivers safe.”

Rep. Rashida Tlaib, D-Mich., said using credit reports “for the determination of auto insurance […] Read more