Senator Hawley Pushes for DOJ Inquiry on FICO's Anticompetitive Practices
Wednesday, 13 March 2024, 18:46
Sen. Josh Hawley Urges DOJ Probe into FICO
In a recent move, Senator Josh Hawley has called on the Department of Justice (DOJ) to investigate the alleged anticompetitive practices of FICO. The senator's request for scrutiny comes amid rising concerns about monopolistic behavior in the financial sector.
Key Points:
- Hawley's Concerns: Senator Hawley highlights the need to address potential anti-competitive conduct by FICO.
- DOJ Investigation: The senator is pushing for a formal inquiry by the Department of Justice to examine FICO's business practices.
- Industry Impact: If the DOJ probes FICO, it could lead to regulatory changes in credit scoring and promote competition in the financial market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.