tiprankstipranks
Advertisement
Advertisement

Senator Hawley to probe FICO over mortgage credit scoring

Missouri Republican Senator Josh Hawley sent a letter to Fair Isaac Corp., also known by its acronym FICO (FICO), announcing his intention to investigate the company’s pricing practices in the mortgage credit scoring market. The Chairman of the Senate Judiciary Subcommittee on Crime and member of the Subcommittee on Antitrust, Competition Policy, and Consumer Rights requested that FICO produce a number of documents and information “in furtherance of the Senate Judiciary Committee’s investigation into potentially anticompetitive practices in the credit scoring market,” the letter stated.

Meet Samuel – Your Personal Investing Prophet

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1