US credit reporting agencies slip after Pulte's VantageScore directive
BUZZ-US credit reporting agencies slip after Pulte's VantageScore directive ** U.S. credit reporting agencies slip premarket
** Bill Pulte, U.S. Director of Federal Housing, said on Thursday he directed Fannie Mae and Freddie Mac to use credit scoring system VantageScore
** Freddie Mac and Fannie Mae were created by the U.S. Congress to support the housing market
** Shares of Fair Isaac FICO.N, better known as FICO, fall 3.9%; FICO provides credit score modeling services and is a rival to VantageScore
** Credit reporting agency TransunionTRU.N down 5.8%, Equifax EFX.N falls 4.3%
** Founded in 2006, VantageScore is a credit score modeling and analytics company jointly owned by Equifax, Experian and TransUnion
** In a separate post, Pulte said credit reporting agencies have been overcharging Americans for "far too long"
(Reporting by Sudeshna Ghoshal in Bengaluru)