Critics: Don't let insurers use credit scores
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The state attorney general, consumer groups, and several insurance companies yesterday urged Insurance Commissioner Nonnie S. Burnes to prohibit automobile insurers from using a driver's credit history to directly or indirectly set what he or she pays for coverage.
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Critics of the program say the response has been limited because the credit is too complex and places too much burden on the intended beneficiaries.
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The credit reporting industry is overextended, and it's up to you to fix it.
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Bankers have a beef when it comes to competition. Actually, they have a few. This is not a new theme. Bankers have long complained about doing business with strings attached or baggage to carry against competitors unencumbered by the same laws, regulations, or taxes. Don't mention mortgage companies to them at a cocktail party, unless you already have a drink ...
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Critics say the world's big three credit raters -- Moody's, Standard & Poor's and Fitch -- have become important gatekeepers in capitalism without commensurate oversight or accountability.
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What a surprise -- credit card issuers aren't exactly playing nice.
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Ignoring the rules classifying employees can be a costly mistake for your business.
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What is a "traditional  score," and why are they saying such terrible things about it?
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Don't settle for an HDTV: Pay off a credit card.
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GIANT insurance brokers are accused of taking kickbacks from insurance companies. Mutual fund managers allow preferred clients to trade after hours.
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Even with tempting promotions, don't charge more to your credit card than you can afford.
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THE REGION State regulators heard testimony again on a new system for apportioning among automobile insurers those drivers that no company wants to cover voluntarily. The so-called assigned-risk plan was put in place at the end of the Romney administration, but Governor Deval Patrick put it on hold so a study group appointed by his administration could review it. The ...
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When it comes to open enrollment, don't be like me.
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Let the patient beware. Going outside your insurerâs network of preferred doctors or hospitals could be more hazardous to your financial health than you suspected.
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Standard & Poorâs and the Moodyâs Corporationâs proposals to restore the credibility of their ratings have met with skepticism from some of their toughest critics.
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For the past 30 years, state insurance commissioners in Massachusetts have held a hearing each spring on whether automobile insurers should be allowed to set their own rates. Like actors following a script, the answer has always been the same: no.
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Don't let the holiday madness slam your credit score.