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Allstate Settles Credit Score Discrimination Suit

The case, first filed in 2001, charged that Allstate's credit scoring formula discriminated against African-Americans and Hispanics, charging them higher rates than Caucasians. According to court

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NU Online News Service

Allstate Corp. will pay almost $12 million to settle a class action discrimination suit over its use of credit scoring and issue a new scoring formula under terms of an agreement reached last week and approved by a federal court in Texas.

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