FICO stock rises on proposal that may exclude Experian and Equifax from mortgage credit reporting
Shares of Fair Isaac Corp. jumped in morning trading on Thursday after a US data analytics firm announced it would directly license credit scores to mortgage resellers. This development has sparked worries about potential margin pressures for major credit bureaus. The stocks of Experian, Equifax, and Transunion took a hit, as the move raised fears […]
Experian accused of failing to properly investigate consumer disputes
The top consumer finance watchdog has accused credit rating agency Experian of failing to properly investigate consumer disputes. in Tuesday's announcementthe Consumer Financial Protection Bureau (CFPB) announced that it has filed charges against the company for unlawfully failing to investigate consumer issues. “The CFPB found that Experian did not take sufficient steps to capture, process, […]