FHFA Push on VantageScore Triggers FICO Slide and Looming Credit-Bureau Shakeup

Bill Pulte, head of the FHFA, urges Fannie Mae and Freddie Mac to approve VantageScore, a move that threatens FICO’s dominance and could usher in a new credit-score model. The push coincides with criticisms that the major credit bureaus (Equifax, Experian, TransUnion) are overcharging consumers, prompting stock declines in FICO and the bureaus as markets weigh potential shifts in how creditworthiness is measured.