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FICO
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- 1FICO stock falls as US moves to end mortgage scoring monopoly▼FICO stock tumbles as US moves to break mortgage scoring monopoly
Shares of FICO, the company behind the widely used FICO credit score, dropped sharply after the US government announced steps to break up its dominance in mortgage credit scoring. Regulators are moving to allow alternative credit scoring models in the mortgage market, threatening FICO's long-standing near-monopoly and raising questions about future revenues from its core business.