The Freedom of Fair Competition

Fair competition in credit scoring can foster innovation and expand the population of scored consumers. However, the credit bureaus’ ownership of Vantage Score creates anti-competitive incentives that may ultimately harm both borrowers and lenders. With the Federal Housing Finance Agency considering comments on its Notice of Proposed Rulemaking regarding the Validation and Approval of Credit Score Models, this issue should interest anyone concerned about the safety and soundness of the $6.7 trillion con-forming mortgage market. Read the article to learn more about this important policy issue.