Does this credit lender’s monitoring practices cross the line?

Apparently, some credit lenders are scrutinizing the credit of their borrowers in order to modify their credit lines. It was reported that American Express started not only checking the credit scores and payment histories of their customers but also using information such as the price of homes in their customers’ areas, the types of mortgage lenders they have and spending habits of others to determine if they should limit credit lines. If I love to shop at Store ABC123, it shouldn’t affect my credit if their other patrons are one purchase away from being broke! Do you think credit lenders should be allowed to use such “external” information to modify your lines of credit?

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