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FICO and Equifax lost a combined $5.4 billion after a regulator called FICO's pricing a monopoly

4 September 2026 ·3 min read

FICO fell 16.7% and Equifax fell 6.4% on September 4 after the FHFA ordered Fannie Mae and Freddie Mac to accept VantageScore from every lender immediately. The two stocks have moved together before, but never at this scale.

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