Equifax Slumps Amid FICO Score Distribution Shift

24 days ago

Carol Masser

"And finally, Equifax, off of what Carol was saying, Equifax down 8.5%. It is the worst performer in the S&P 500 today. Shares of credit reporting companies, including Equifax, plunged after Fair Isaac announced this new program that gives mortgage lenders the option to calculate and distribute FICO scores directly to customers."

Equifax is suffering significant pressure as its shares fall by 8.5%, following FICO's announcement to bypass traditional credit bureaus by directly distributing credit scores. This disruption in the typical credit reporting model creates potential challenges for Equifax.

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