FICO shares surge on plan that could cut Experian, Equifax out of credit reporting for mortgages
1. FICO's shares surged after licensing scores to mortgage resellers. 2. Concerns rise about margin pressure on major credit bureaus. 3. Direct licensing enhances competition and offers price transparency. 4. Analysts predict significant revenue impacts for credit bureaus. 5. FICO's move seeks to eliminate costly score mark-ups.