Senator Hawley Investigating FICO Credit Score Pricing Practices and Urging FTC to Investigate as Well

NodeGuardian · 2026-03-29T11:03:05+00:00

Senator Josh Hawley is investigating FICO's rising credit score fees in the mortgage market, arguing they harm first-time homebuyers and highlight FICO's near-monopoly, urging the FTC to examine the issue.

NodeGuardian

2026-03-29 11:03:05

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Senator Josh Hawley (R-MO) has initiated an investigation into Fair Isaac Corporation’s (FICO) credit score pricing practices, specifically in the mortgage credit scoring market, citing significant increases in wholesale royalty fees. Hawley, acting as Chairman of the Senate Judiciary Subcommittee on Crime and a member of the Subcommittee on Antitrust, Competition Policy, and Consumer Rights, also urged the Federal Trade Commission to conduct its own investigation. He argues that these price hikes disproportionately affect first-time homebuyers and are enabled by FICO’s near-monopoly, which was originally solidified by regulatory frameworks requiring FICO scores for government-sponsored enterprise transactions.

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