Congress

Hawley investigates FICO for mortgage credit scoring

Published

3 months ago

March 23, 2026

Sen. Josh Hawley is launching an investigation into how the dominant player in credit scoring prices its services for the mortgage market.

The Missouri Republican sent a letter Monday to Fair Isaac Corp., known more widely by its acronym FICO, announcing his intention to investigate the company’s price increases for credit scores. The lawmaker also sent a letter to the Federal Trade Commission urging the agency to do the same. Hawley argues that the increasing cost of credit scores is straining homebuyers in an already unaffordable market.

“These price increases are most damaging to the Americans who can least afford them. First-time homebuyers bear a disproportionate burden of the cost,” Hawley wrote in the letter to FICO, which was obtained exclusively by Blue Light News.

Hawley, who chairs a Judiciary Committee subpanel, added in his letter to the FTC that he wants the agency to “investigate unfair methods of competition and unfair or deceptive acts or practices” and that he believes it’s well-positioned “to investigate anticompetitive behavior at FICO” separate from his own probe.

FICO did not immediately return a request for comment.

Hawley has weighed in on the issue of rising credit score pricing before, but Monday’s letters draw one of the GOP’s key populist messengers further into a battle between FICO’s near-monopoly power and what some call an oligopoly of the three major credit bureaus, TransUnion, Equifax and Experian.

He is requesting FICO hand over a slew of documents and records as part of the investigation, which he said could meld into a separate, larger Judiciary Committee investigation into “potentially anticompetitive practices in the credit scoring market.”

FICO sells its algorithm for determining credit scores to the three bureaus, which collect consumer data to produce a larger credit report. (The bureaus are rolling out a competitor model, VantageScore.) Lenders use credit reports to determine potential homebuyers’ eligibility for a loan and charge those homebuyers for the cost of purchasing that information.

The credit bureaus raised alarm last year over significant increases in FICO’s prices — from 60 cents to $10 over the last five years. Lenders say that those costs can inflate to hundreds of dollars added to a homebuyer’s mortgage.

Congress

Hegseth to brief House Republicans on White House goals for party-line package

Published

37 minutes ago

June 22, 2026

Blue Light Newsroom

Defense Secretary Pete Hegseth is scheduled to give a classified briefing Wednesday to a group of House Republicans about the administration’s goals for military funding and another party-line reconciliation bill, according to three people granted anonymity to describe a private meeting.

The gathering will take place during the Republican Study Committee’s weekly lunch and be held in the House SCIF, underscoring the potentially sensitive nature of Hegseth’s planned presentation.

Lawmakers are expected to also press Hegseth on the agreement the Trump administration has reached with Iran to end the war.

Congress

Turek leads Hinson in Iowa Senate poll of likely general election voters

Published

6 hours ago

June 22, 2026

Blue Light Newsroom

Iowa Democratic Senate nominee Josh Turek has a narrow lead over GOP rival Ashley Hinson in a new internal poll of likely general-election voters.

Turek leads Hinson 47 percent to 45 percent in the poll, conducted by Global Strategy Group from June 8-11 among 1,000 likely general election voters. The poll shows that Republicans have a 10-point edge in voter registration (42 percent to 32 percent) and an electorate that voted for Trump by 9 points (50 percent for Trump to 41 percent for Kamala Harris).

But the polling also shows President Donald Trump’s favorabilities underwater across the electorate, with 45 percent favorable and 52 percent unfavorable. Among registered independents, Trump is upside down 28 points.

Turek is “significantly outperforming the state’s underlying partisan dynamics,” Global Strategy Group’s Matt Canter & Ramzi Ebbini write in a memo first obtained by Blue Light News. “Republicans maintain substantial advantages in voter registration and party identification, yet Turek enters the general election ahead of Republican Ashley Hinson, with stronger personal favorability ratings, overperforming a generic Democrat, and with clear opportunities to expand his coalition as more voters become familiar with him.”

Some Republicans have acknowledged a concern about Iowa.

“There are some issues there that we got to deal with — the biggest one is trade — trade and tariffs,” said a Republican close to the White House, granted anonymity to speak candidly about the obstacles.

In his early general election messaging, Turek has leaned into farmers’ frustrations.

“Josh Turek is winning this race because Iowans are sick and tired of multi-millionaire politicians like Ashley Hinson who sell out working families while they get rich,” Turek for Iowa campaign manager Brendan Koch said in a statement first shared with Blue Light News. “We will spend the next 134 days connecting with Iowans in every corner of the state and across the political spectrum to send a fighter for the working class to the U.S. Senate.”

Congress

Capitol agenda: House GOP races to make Recon 3.0 real

Published

7 hours ago

June 22, 2026

Blue Light Newsroom

House Republicans have eight days to prove Reconciliation 3.0 might actually happen.

The House returns Tuesday with only eight legislative days before they break again for the July 4 holiday. If members want a realistic chance at fulfilling their self-imposed timeline for advancing the legislation before the end of July — when they pause work again for another five weeks — they need to move fast.

That means assembling, and then adopting, a budget resolution — the first step in unlocking the filibuster skirting power of the reconciliation process. It took Republicans months to advance such a blueprint during their two earlier reconciliation efforts this Congress.

House GOP leaders are tentatively planning another senior-level reconciliation meeting for Wednesday, according to three people involved in the talks granted anonymity to discuss private plans.

Still, the House is coming back with several other moving items to deal with this week, including promised briefings on the president’s Iran deal and a major housing affordability package GOP leadership wants to clear as soon as Wednesday.

Reconciliation talks also come as President Donald Trump is expected to join the Senate’s GOP lunch Wednesday, where he’ll likely continue pushing the chamber to pass his SAVE America Act or attach pieces of the GOP elections bill to the party-line legislation (an idea one of the bill’s biggest backers, Sen. Mike Lee, spiked Sunday).

Republicans involved with Reconciliation 3.0 discussions also warn they need to reach a final agreement on how to pay for the bill as well as what policy items will be included before GOP leaders can try to advance any budget resolution.

At this point, however, many fiscal hawks and at-risk incumbents are largely unhappy about how the discussions are coming along.

“It’s fake pay-fors for defense spending no one has fully agreed to and no meaningful reforms,” said one House Republican granted anonymity to discuss private talks.

Back on the other side of the Capitol, GOP senators have been in no rush to start working on a third party-line bill, especially as they are consumed with other political fires — like trying to confirm Jay Clayton as director of national intelligence to speed up a FISA reauthorization (more on that below).

Rep. Morgan Griffith said he was confident if the right policies are included in the House plan the Senate would then take it up — although he, too, acknowledged the challenges of a short timeline.

“If we do it right, yeah,” Griffith said. “There’s some interesting things out there that are being discussed that could make it a real possibility.”

What else we’re watching:

— OBAMA’S FEROCIOUS IRAN CRITIC SOFTER ON TRUMP DEAL: Tom Cotton, the No. 3 Senate Republican and chair of the chamber’s Intelligence panel, is not alone among GOP defense hawks in finding himself in an awkward position trying to defend Trump’s Iran deal after lambasting President Barack Obama’s a decade before. But the combination of his prior ferocity toward the Iranian regime and his current leadership responsibilities have put him into an especially tight spot.

— FIRST IN IC: DEMS WANT MORE OF JACK SMITH’S REPORT: Senate Judiciary Democrats are asking a federal court to unseal part of former special counsel Jack Smith’s report about his investigation into Trump’s alleged mishandling of classified documents after his first term. The request from the Senators comes as the Judiciary Committee is poised to call Smith to testify about his Biden-era cases before the end of this Congress. Republicans in the House and Senate have been investigating Smith’s work, alleging it amounted to a weaponization of the federal government against the then ex-president.

Jordain Carney and Hailey Fuchs contributed to this report.