Senator Josh Hawley Targets FICO's Mortgage Credit Score Pricing In New Probe— 'Most Damaging...' - Equifax (NYSE:EFX), Experian (OTC:EXPGF)

Senator Josh Hawley Targets FICO's Mortgage Credit Score Pricing In New Probe— 'Most Damaging...' - Equifax (NYSE:EFX), Experian (OTC:EXPGF)

Sen. Josh Hawley (R-MO) has launched an investigation into Fair Isaac Corp. (NYSE:FICO) over the company’s pricing of credit scoring in the mortgage market. On Monday, Hawley sent a letter to FICO announcing his intent to scrutinize the company’s recent price increases for credit scores. The Missouri senator also called on the Federal Trade Commission (FTC) to launch a parallel investigation. In his letter, Hawley argued that the escalating cost…

Senator Hawley Investigating FICO Credit Score Pricing Practices and Urging FTC to Investigate as Well

Senator Josh Hawley (R-MO) recently sent a letter to Fair Isaac Corporation announcing that as Chairman of the Senate Judiciary Subcommittee on Crime and as a member of the Subcommittee on Antitrust, Competition Policy, and Consumer Rights, he is investigating the company’s pricing practices in the mortgage credit scoring market.Fair Isaac generates a consumer credit score known as FICO, which the Senator notes “dominates the credit scoring mark…

Sen. Hawley Begins Investigation into FICO's Mortgage Credit Score Pricing

"An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market," the senator said. Continue Reading Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing The post Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing appeared first on Weekly Real Estate News.

Senator calls for FTC investigation into FICO score pricing

Republican Sen. Josh Hawley repeated his long-standing criticism of Fair Isaac Corp. in a letter noting the detrimental impact of its prices on home buyers.

Hawley probes FICO mortgage credit score pricing

U.S. Sen. Josh Hawley (R-Mo.) has opened an investigation into Fair Isaac Corp. (FICO)’s pricing practices in the mortgage industry and is urging Federal Trade Commission (FTC) Chairman Andrew Ferguson to do the same. FICO dominates the credit scoring market for mortgage lenders, largely due to decades of exclusive acceptance for loans sold to Fannie Mae and Freddie Mac. Although the Federal Housing Finance Agency (FHFA) announced last year that…

FICO's Mortgage Pricing Targeted in Senator's Investigation

U.S. Sen. Josh Hawley says he plans to investigate FICO’s mortgage pricing practices. The Missouri Republican announced Monday (March 26) that he was looking into the credit scoring company’s recent price hikes, and that he wants the Federal Trade Commission (FTC) to do the same. “These price increases are most damaging to the Americans who can least afford them,” the letter reads. “First-time homebuyers bear a disproportionate burden …