Mon, March 10, 2025
[ Mon, Mar 10th ]: Invezz
'Trumpcession': The real reasons behind Trump's trade war and what comes next
[ Mon, Mar 10th ]: CNN
Dow falls by almost 900 points in market rout after Trump says he won't rule out a recession
[ Mon, Mar 10th ]: Variety
JBX Market Head on How Joburg Event Can Boost Africa as 'Global Force' in Film and TV Production
[ Mon, Mar 10th ]: Entrepreneur
Expert Strategies to Add to Your Small Business's Playbook This Tax Season
[ Mon, Mar 10th ]: Bankrate
How to roll over your 401(k) into a gold or silver IRA
[ Mon, Mar 10th ]: GhanaWeb
High Court overturns Bank of Ghana's revocation of Ideal Finance's licence
[ Mon, Mar 10th ]: Time
Why Canada Is Giving Mark Carney a Shot
[ Mon, Mar 10th ]: BBC
Mark Carney wins race to become Canada's PM and vows to stand up to Trump
[ Mon, Mar 10th ]: Bernews
BELCO Opens Scholarship Program Applications
[ Mon, Mar 10th ]: TheWrap
Murdoch's Next Move: How Rupert Could Box Out His Children and Keep Control of the Fox Empire
[ Mon, Mar 10th ]: Bloomberg
Banks Race to Catch Up With EU Defense Goals in Major Reset
[ Mon, Mar 10th ]: Cryptopolitan
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[ Mon, Mar 10th ]: Adweek
Flau'jae Johnson and Experian Double Team Consumer Debt in March Madness Ads
[ Mon, Mar 10th ]: Fortune
Mark Carney: Financier, banker, and Canada's new premier
[ Mon, Mar 10th ]: Mint
Why do banks keep offering you credit cards? Here's the real reason
[ Mon, Mar 10th ]: Forbes
How FICO Scores Became A Profit Machine
[ Mon, Mar 10th ]: News18
India Imposes Anti-Dumping Duty On Water Treatment Chemical From China, Japan
[ Mon, Mar 10th ]: Politico
55 Things to Know About Canada's Next Prime Minister, Mark Carney
[ Mon, Mar 10th ]: Vanguard
CBN's efforts to leverage forex stability for single digit inflation
[ Mon, Mar 10th ]: AOL
The new Trump era just got more complicated for Capital One
[ Mon, Mar 10th ]: Euronews
Ex-central banker Mark Carney to become Canada's next prime minister
[ Mon, Mar 10th ]: Zawya
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[ Mon, Mar 10th ]: Insider
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[ Mon, Mar 10th ]: Reuters
BRICS' climate leadership aims hang on healing deep divides
[ Mon, Mar 10th ]: Firstpost
Canada's new PM: Mark Carney set to take the helm amid trade war and election frenzy
Sun, March 9, 2025
[ Sun, Mar 09th ]: Bloomberg
Ex-banker Carney wins Canada's liberal contest, to succeed Trudeau in days
[ Sun, Mar 09th ]: Oneindia
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[ Sun, Mar 09th ]: Week99er
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[ Sun, Mar 09th ]: Bernews
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[ Sun, Mar 09th ]: WJTV
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[ Sun, Mar 09th ]: Cryptopolitan
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[ Sun, Mar 09th ]: Newsweek
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[ Sun, Mar 09th ]: BusinessTech
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[ Sun, Mar 09th ]: Benzinga
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[ Sun, Mar 09th ]: who13
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[ Sun, Mar 09th ]: MSN
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[ Sun, Mar 09th ]: Kiplinger
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[ Sun, Mar 09th ]: Fortune
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[ Sun, Mar 09th ]: Mint
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[ Sun, Mar 09th ]: AOL
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[ Sun, Mar 09th ]: Truthout
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[ Sun, Mar 09th ]: Moneycontrol
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[ Sun, Mar 09th ]: GOBankingRates
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[ Sun, Mar 09th ]: Insider
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[ Sun, Mar 09th ]: Zawya
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[ Sun, Mar 09th ]: IDLProcycling
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[ Sun, Mar 09th ]: CNET
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[ Sun, Mar 09th ]: MyJoyOnline
Finance Minister to present 2025 budget on March 11

How FICO Scores Became A Profit Machine

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
FICO CEO William Lansing has burnished the credit score's dominance and pushed through price hikes, making a bundle for long-term shareholders and himself an almost-billionaire.
The article by Stephen Pastis for Forbes, published on March 10, 2025, discusses how FICO scores have evolved into a significant profit center for Fair Isaac Corporation. Initially developed to help lenders assess credit risk, FICO scores have become ubiquitous in financial decision-making, influencing not just loans but also insurance rates, employment decisions, and rental applications. The article explains that FICO's business model has shifted from merely selling software to creating a continuous revenue stream through licensing its scoring models to banks, credit agencies, and other entities. This shift has been facilitated by the increasing reliance on credit scores for various services, leading to a lucrative market where FICO holds a near-monopolistic position. The piece also touches on the implications of this model, including privacy concerns, the potential for score manipulation, and the broader societal impact of reducing complex financial behaviors to a single number.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/stephenpastis/2025/03/10/how-fico-scores-became-a-profit-machine/ ]