Fair Isaac Corporation

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Investigation Details

On March 12, 2024, U.S. Senator Josh Hawley sent a letter to the Antitrust Division of the U.S. Department of Justice, urging it to investigate FICO’s “potentially anticompetitive practices.” In the letter, Senator Hawley asserted that FICO “appears to be using its monopolistic power of the credit scoring market to increase costs for mortgage lenders—an increase that will be passed onto consumers.” Senator Hawley accused FICO of “astronomically hik[ing] its prices” “[i]n an apparent abuse of this market power.” Following this news, on March 13, 2024, FICO’s stock price fell over 5%.