Why Fair Isaac Plunged Over 20% This Week
Shares of credit scoring giant Fair Isaac (NYSE: FICO) slumped 21.9% this week through Friday at 2:10 p.m. ET, according to data from S&P Global Market Intelligence.
Fair Isaac didn't release any financials this week, but its underperformance came after Federal Housing Finance Agency (FHFA) Director Bill Pulte made critical comments over recent FICO price increases, along with announcing a review of the need to pull credit reports from all three credit bureaus.
Lower prices and volumes of credit reports would obviously be bad for FICO, if any such changes were implemented.
Source Fool.com
