FICO to license scores directly to lenders skipping credit bureaus
Shares of FICO score provider Fair Isaac are surging while credit bureaus are seeing some pressure pretty much across the board. Diana Ollex here with more on what's driving the move. Morning Diana. >> Good morning Carl.Yeah, FICO, which is the credit score that decides if you and I qualify for mortgages and at what interest rate, is now licensing its scores directly to lenders instead of going through the credit bureaus like TransUnion, Equifax, and Experian. And those bureaus are the middlemen. They charg ...