Shares of FICO (FICO) are sliding after FHFA Director William Pulte said via X that, “Effective today, to increase competition to the Credit Score Ecosystem and consistent with President Trump’s landslide mandate to lower costs, Fannie (FNMA) and Freddie (FMCC) will ALLOW lenders to use Vantage 4.0 Score with no current requirement to build new infrastructure (stays Tri Merge).” VantageScore 4.0 is a credit-scoring alternative to FICO’s owned by the credit-reporting companies Equifax (EFX), Experian (EXPGY) and TransUnion (TRU) that launched in 2006. PRICE ACTION: Shares of FICO have dropped almost 10% to $1,674.21, while Equifax stock has gained over 3% to $272.29.
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