Trump Housing Chief Restarts Battle with the Credit-Score Industry

Dow Jones09-04

The stocks of the companies that create your credit score are tumbling Friday after the Trump administration's housing chief said they had been "overcharging" Americans and he was further empowering a new rival.

Bill Pulte, the head of the Federal Housing Finance Agency, renewed a fight he'd started with the credit-scoring industry last year with some posts on X Friday. Pulte said he was giving Fannie Mae and Freddie Mac the authority to accept mortgages now backed by scores from startup VantageScore.

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