FICO shares surge on plan that could cut Experian, Equifax out of credit reporting for mortgages

FICO score, created by Fair Isaac, is a US credit scoring system used by nearly 90% of lenders to evaluate a borrower’s ...

Credit-bureau stocks like Equifax’s are getting hammered as FICO moves to directly license mortgage scores

Shares of TransUnion, Equifax and Experian slumped on Thursday as FICO said it will directly license its scores used to ...
koaa

Equifax admits it issued wrong credit scores

Equifax is blaming a coding issue for issuing wrong credit scores. According to CNN, wrong credit scores were issued to millions of consumers when Equifax was migrating its servers to a new cloud ...