FICO Plunges 13% as Senate Probe and AI Worries Batter Credit-Score Leader

Regulatory scrutiny over credit-score pricing is pressuring FICO’s licensing model that many lenders rely on.

Overview

Fair Isaac shares fell about 13% Friday to $954.43, the lowest close since November 2023.
The drop extends a rough run, with the stock down roughly 43% this year after a 24% slide in March.
Missouri Senator Josh Hawley opened a formal investigation into FICO’s pricing, and the company has not issued a public response.
FHFA Director Bill Pulte added pressure on March 24 by saying credit-score and credit-bureau pricing must be more affordable.
Barclays cut its price target to $1,950 while keeping an Overweight rating, citing investor doubts about FICO’s lead in artificial intelligence.