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fico
[fee-koh]
fico
/ ˈfiːkəʊ /
noun
a worthless trifle
another word for fig 1
Word History and Origins
Origin of fico1
Example Sentences
“FICO, and any other monopoly who has ripped off Americans for decades, should not be using improper efforts to threaten regulators,” he wrote on X.
To the chief executive of FICO, “choice encourages mortgage participants to shop for the most lax score” and will create a “race to the bottom” that risks American taxpayers being on the hook if something goes wrong.
Signs of trouble for FICO’s hold on the market emerged in 2006 when Equifax, Experian and TransUnion got together to create VantageScore.
They were all expecting a decision from the government soon on VantageScore, and they worried that a price increase would give the credit-reporting firms and VantageScore ammunition against FICO.
Privately, FICO’s leadership was getting annoyed with having to partner with credit-reporting firms, which were becoming more and more competitors.
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