A coalition of Democratic lawmakers has called on President Joe Biden to investigate the pricing practices of Fair Isaac Corp. (FICO)’s credit reports. The letter, signed by 34 senators and representatives, specifically urges the U.S. Department of Justice (DOJ) to take action in this matter. Additionally, the lawmakers are asking the president to direct the Federal Housing Finance Agency (FHFA) to implement more transparent pricing policies for credit reports.
Key points from the text include:
– Democratic lawmakers are concerned about the pricing practices of FICO’s credit reports and are seeking DOJ intervention.
– The letter urges President Biden to direct the FHFA to implement more transparent pricing policies for credit reports.
You can read this full article at: https://www.housingwire.com/articles/lawmakers-mba-call-out-fico-for-potential-price-hikes/(subscription required)
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