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Florida Probes FICO’s Credit Score Power | Fort Wayne News
Florida’s Attorney General is launching a major antitrust probe into FICO, the company behind 90% of U.S. credit scores, accusing it of monopolistic behavior, price hikes from $1 to $10 per score, and anti-competitive tactics like bundling and blocking rivals. This isn’t the first time FICO has faced scrutiny — the DOJ investigated similar claims in 2020, and banks filed a class-action lawsuit alleging FICO stifled competition. FICO has until August 5th to respond, insisting lenders freely choose its scores for their reliability. The stakes? Fair access to credit for everyday Floridians — and…
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