Senator Josh Hawley Targets FICO's Mortgage Credit Score Pricing In New Probe— 'Most Damaging...'

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 of credit scores is placing an undue burden on homebuyers in an ...