WASHINGTON–The U.S. Supreme Court today unanimously backed the disclosure policies of two insurance companies when they don’t give a consumer the best possible rate based on a credit report.

Insurers had argued for a flexible standard on such “adverse action notices.” Had their position been rejected by the high court, the industry could have faced a new wave of class-action lawsuits from consumers who were not told they weren’t getting the best possible rate based on a poor credit score.

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