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Inside FICO and the Credit Bureau Cartel

The attorney in a country town is as much a businessman as the corporation counsel in a great metropolis. - William Jennings Bryan, 1896The director of the Consumer Financial Protection Bureau, Rohit Chopra, coined the term ‘junk fee,’ and has begun restructuring how financial markets work, removing medical debt from credit reports, fostering competition in credit cards, and examining big tech’s entrance into payments. And yet, for ideological reasons, to many bankers, Chopra is a villain runnin...

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