Hawley Calls on DOJ to Investigate FICO for Anticompetitive Practices
U.S. Senator Josh Hawley (R-Mo.) sent a letter to Assistant Attorney General Jonathan Kanter urging the Department of Justice to investigate The Fair Isaac Corporation’s (FICO) potentially anticompetitive practices.
“The credit score market is dominated by FICO, a for-profit company operated under a sweetheart deal from the federal government,” wrote Senator Hawley. “Because of this government-granted monopoly, FICO enjoys a 90 percent market share in the business-to-business credit scoring...