Achanta Venkat sold $1.8M of TRU

FHFA Director Bill Pulte ordered Fannie Mae and Freddie Mac to allow all lenders to use VantageScore 4.0 for mortgages, expanding a previous pilot. FICO shares fell 16.68% on Friday, closing at $932.26, as investors reacted to the potential threat to its mortgage-scoring business. VantageScore 4.0 is priced at $0.99 per score, significantly lower than FICO's $10 per score. Equifax and TransUnion shares also declined following Pulte's comments about credit bureau pricing.

FICO (FICO), Equifax (EFX), and TransUnion (TRU) shares fell sharply after Federal Housing Finance Agency Director Bill Pulte announced potential regulatory changes. Pulte proposed allowing VantageScore as an alternative to FICO in mortgage lending and suggested bi-merge credit reports. Analysts note this could reduce FICO's dominance and impact up to one-third of mortgage inquiries, with varying effects on the credit bureaus' revenues.

U.S. stocks fell Friday as a strong jobs report increased expectations of a Fed rate hike. The Labor Department reported 162,000 jobs added in August, above consensus. Markets now price a 58.4% chance of a 25-basis-point rate hike in September. The S&P 500, Nasdaq, and Dow all declined. Lululemon and Adobe dropped on company-specific news.

Fair Isaac (FICO) dropped 15.63% after the Federal Housing Finance Agency allowed all lenders to use VantageScore, ending FICO's monopoly. Equifax (EFX) and TransUnion (TRU) also fell. FICO shares are down 44% YTD. The move aligns with the Trump administration's 2018 Credit Score Competition Act.

Shares of Fair Isaac (FICO), Equifax, TransUnion, and Experian dropped following criticism from Federal Housing Finance Agency Director Bill Pulte, who accused them of monopolistic practices and overcharging. Pulte directed Fannie Mae and Freddie Mac to approve lenders using the rival VantageScore model. Fair Isaac defended its FICO Score 10T as the most predictive. Pulte also criticized the credit bureaus for operating like a cartel. The companies did not immediately respond to requests for com

Fair Isaac Corp. (FICO) shares fell 21% after Bill Pulte criticized credit bureaus, suggesting government changes to reduce costs. Equifax and TransUnion also dropped 11%. Pulte proposed using VantageScore and bi-merge reports, impacting credit data pricing models.