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FICO Being Investigated by Anti-Trust Committee

Thursday, March 19, 2020

The U.S. Department of Justice (DOJ) has launched a civil investigation into FICO Corporation. DOJ is apparently looking into claims that the company which provides credit scores for lenders, is guilty of exclusionary conduct that may have led to its market dominance. On its website the company claims its various credit scoring models have a 90 percent market share.vFICO released a statement on the weekend saying it was notified last Friday that DOJ's Antitrust Division had opened an investigation. It says it intends to cooperate fully and "looks forward to a constructive dialogue about the state of competition in our industry."

 

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Linden was very professional, knowledgeable, efficient, patient and personable. All of these qualities played an important part of processing and closing the loan. Linden was great through the whole process of working with me, to working with the real estate company, and other offices involved. I know the seller’s real estate agent was rude and hard to work with at times. It was unfortunate that Linden had to deal with it but he handled the situation professionally. Also, I was gone 95% of the time traveling for work while buying the home. Linden was great about working with me while I was away and helped keep things moving and organized. It was greatly appreciated.
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