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I couldn't find anything that backs up the article on the TU date. I do believe if any CRA is stupid enough to sign up, it would be TU.
I agree with what you are saying. I think it will be a big problem for any lender that tries to use the model. I have said all along that FICO did not have to, and should not have been involved in the process. There were better, cheaper, and much easier solutions that would not have had any issue with the ECOA.
The real fraud in the credit crisis is being investigated by the FBI as we speak. When they are through, the lenders will wish there had been some illegal activity by consumers. But, I think they really know the lenders are the ones that committed the crimes and will pay for it.
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