Credit-scoring.JPGRep. Mel Watt posed what he called “common sense questions” this week about the use of credit scoring by insurers to underwrite and price auto policies. Since good credit scores can help drivers get a cheaper quote on their auto insurance, he wondered: If I get my credit score up, would it make me a better driver? He also turned the query on its head by asking whether those with poor credit scores are necessarily worse drivers. Let me know how you would respond, and read on for other interesting issues raised this week.

Beyond the vexing questions posed by Rep. Watt–the North Carolina Democrat who chairs the Financial Services Subcommittee on Oversight and Investigations, which had a hearing on credit scoring in insurance this week–Rep. Maxine Waters, D-Calif., threw down her own gauntlet.

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