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Competitor sues credit reporting companies over scoring system

The three U.S. credit-reporting companies, TransUnion, Equifax and Experian Group, were sued by a company that claims their new consumer credit-scoring system violates antitrust and unfair competition laws. Fair Isaac Corp., a Minneapolis firm that sells the competing FICO credit-scoring system, sued the credit bureaus and their joint venture, VantageScore Solutions, last week in federal court ...

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