Taxpayers have a huge stake in ensuring that financial risks are properly and predictably measured for the government loan programs they have been forced to backstop. Credit scores are vital tools for taking those measurements, so the loan space has common reference points for creditworthiness.
But a recent evaluation from American Enterprise Institute (AEI) analysts shows that a years-long effort from the government to create “competition” out of thin air for the credit scoring market may have left taxpayers no better off—and perhaps even worse off.
Read the full story here.