The US company behind Fico homebuyer credit scores revealed plans to sell its ratings directly to industry data companies, thumping the shares of the credit bureaus that typically sell their widely watched numbers.
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New approach to credit scoring data could reshape US home lending
“That likely takes off the table more radical actions such as using Fannie and Freddie to limit how much Fico may charge or convincing the Justice Department to investigate the company on antitrust grounds,” said Jaret Seiberg, a financial research analyst at TD Cowen.
