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07.10.25 - 18:12
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OpenAI′s Worth Half a Trillion Dollars (Fool)
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In a little less than 10 years, OpenAI has gone from an idea to a half-trillion-dollar company, and its ambitions for the next several years are much, much bigger. Plus, Fair Isaac Corporation is opening a new front in the battle for your credit score, and Berkshire Hathaway puts its massive cash pile to use....
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03.10.25 - 03:51
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FICO Spikes On Plan To Go Direct To Lenders, Upends Experian, Equifax, TransUnion (ZeroHedge)
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FICO Spikes On Plan To Go Direct To Lenders, Upends Experian, Equifax, TransUnion
Fair Isaac shares surged today after announcing a plan that bypasses the big three credit bureaus - Experian, Equifax, and TransUnion - in providing its credit scores directly to mortgage lenders.
Until now, mortgage resellers had to purchase FICO scores through the bureaus, who added markups of about $10 per score, according to the Wall Street Journal. FICO will now sell directly, offering lenders either a flat $10 fee or $4.95 per score plus a $33 closing fee. The company said the new closing charge replaces reissue fees but didn't disclose the prior cost.
WSJ writes that the change threatens a long-standing revenue stream for the bureaus. “We believe this change adds substantial uncertainty to a sector that has already been undergoing heightened volatility amid a series of potential regulatory changes,” wrote UBS analyst Kevin McVeigh.
The move follows pressure from regulators to reduce costs in an unaffo...
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02.10.25 - 17:42
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FICO Shakes Up Credit-Score Market (WSJ EN)
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Fair Isaac Corp. is offering mortgage lenders a direct path to its FICO credit scores, for the first time giving them a way around the three powerful credit-reporting firms....
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02.10.25 - 17:18
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Fair Isaac Changes How FICO Scores Are Delivered (Bloomberg)
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Fair Isaac is unveiling a major shift in how FICO scores are delivered to the mortgage industry, giving lenders the option to calculate and distribute FICO scores directly to customers. Shares of credit-reporting firms in the US fell on the news. Nathan Dean of Bloomberg Intelligence has more. (Source: Bloomberg)...
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