WASHINGTON, March 23 -- Sen. Josh Hawley issued the following press release:
Today, Senator Josh Hawley (R-Mo.) sent a letter to the CEO of Fair Isaac Corporation (FICO), to inform the company of his investigation into FICO's pricing practices in the mortgage credit scoring market. Senator Hawley also wrote to Andrew Ferguson, Chairman of the Federal Trade Commission (FTC), urging his agency to also open an investigation into FICO. FICO's recent price increases are contributing to the problem of housing affordability, particularly for first-time homebuyers. Senator Hawley has previously written to the Department of Justice regarding FICO's anticompetitive practices.
Senator Hawley wrote, "As Chairman of the Senate Judiciary Subcommittee ...