Shares of credit bureaus Equifax (EFX), TransUnion (TRU) and Experian (EXPGY) are moving lower after FICO (FICO) launched its Mortgage Direct License Program, which gives tri-merge resellers the option to calculate and distribute FICO Scores directly to their customers. The new platform eliminates “reliance on the three nationwide credit bureaus,” FICO said in a statement. Shares of Equifax are down 11%, or $28.84, to $225.00 in premarket trading while TransUnion is down 9%, or $7.26, to $75.00. Experian is down 6% in European trading.
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