Credit bureaus gain after Powell spurs rate cut bets

Equifax

22/08/2025 16:18

** Shares of credit bureaus climb after Federal Reserve Chair Jerome Powell signals possible rate cut in September

** TransUnion TRU.N jumps 5.5%, while Equifax EFX.N rises 4.4%

** A rate cut can result in an uptick in loan demand, boosting credit reporting agencies that lenders rely on to assess customer creditworthiness before approving loans

** Credit scoring giant Fair Isaac FICO.N, better known as FICO, rises 4.7%

** As of last close, TRU and EFX down 6.7% and 3.7%, respectively, YTD, while FICO down 31.6%

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 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))