FICO Investor Alert: Levi & Korsinsky Investigates Fair Isaac Corporation (FICO) for Potential Securities Fraud
NEW YORK CITY, NY / ACCESS Newswire / September 30, 2026 /Levi & Korsinsky notifies investors that it has commenced an investigation into Fair Isaac Corporation ("Fair Isaac Corporation") (NYSE:FICO) concerning potential violations of the federal securities laws.
Fair Isaac Corporation shareholders lost money when the stock fell sharply after the Federal Housing Finance Agency announced it would simplify mortgage pricing and potentially allow a direct competitor to the Company 's credit score into mortgage underwriting. Following the FHFA announcement, Rocket Mortgage issued a press release, announcing it will be using VantageScore 4.0, a direct competitor to the classic FICO score, as its preferred scoring model going forward following months of testing and alleged finding that it "helped more qualified clients," than FICO. The next morning, on September 29, 2026, FICO opened down more than 20% on the news. Investors seemingly viewed the policy shift and announcement from Rocket Mortgage as structural risks to the Company 's near-monopoly in mortgage underwriting, with potential erosion of pricing power, fee income, and its competitive moat.
Previously, during FICO 's second quarter earnings call on April 28, 2026, Chief Executive Officer Will Lansing indicated that FICO "anticipate [d ] no loss of volume to Vantage in this fiscal year." Similarly, during a Barclay 's conference presentation on May 5, 2026, he questioned whether "Vantage gets any share at all," even if they were approved." Then, on the subsequent third quarter earnings call on July 29, 2026, CEO Lansig suggested that, while VantageScore might get up to 20% of the share, it was only useful when "gaming" the system, and customers would still "need to pull both a FICO Score and a VantageScore if you 're going to do the gaming."
The investigation concerns whether Fair Isaac Corporation adequately disclosed the regulatory and competitive risks posed by potential changes to mortgage pricing and underwriting guidelines ahead of the Federal Housing Finance Agency 's and Rocket Mortgage 's announcements.
If you suffered a loss on your Fair Isaac Corporation securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY:Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services ' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
SOURCE:Levi & Korsinsky, LLP
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