Hawley Launches Investigation Into Mortgage Pricing, FICO Stock Falls

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2026-03-24 02:45:56

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Investing.com – According to Politico, Republican Senator Josh Hawley is investigating the pricing practices of Fair Isaac Corporation’s mortgage market services, causing the company’s stock to drop more than 5% on Monday.

Reports say that the Missouri Republican senator sent a letter to Fair Isaac Corp. on Monday, announcing his intention to investigate the company’s rising credit scoring costs. Hawley also sent a letter to the Federal Trade Commission urging the agency to conduct a similar investigation. The senator believes that the increase in credit scoring costs is adding financial pressure to homebuyers already struggling in the market.

In his letter to FICO, Hawley wrote: “These price increases are most damaging to the least able Americans. First-time homebuyers are bearing a disproportionate share of the costs.” Politico obtained the letter.

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