Senator Hawley Probes FICO Mortgage Credit Score Pricing

Senator Josh Hawley has launched an investigation into Fair Isaac Corp. (FICO) concerning its pricing practices for credit scores in the mortgage market. The probe targets the company's methodologies and potential impact on consumers seeking home loans. Senator Hawley expressed significant concerns, describing the pricing as potentially 'most damaging.' This inquiry highlights regulatory scrutiny over credit scoring agencies and their role in the housing finance sector. The investigation could lead to changes in FICO's operations or industry-wide regulations.