TransUnion Stock Tumbles Friday: What's Driving the Action?

Shares of TransUnion (NYSE: TRU ) are sliding Friday afternoon as investors react to regulatory threats from Federal Housing Finance Agency Director Bill Pulte regarding mortgage credit reporting costs and industry structure . TransUnion shares are sliding. What’s behind TRU decline? FHFA Director Accuses Credit Bureaus of ‘Cartel-Like’ Overcharging While Director Pulte’s Thursday evening directive instructing Fannie Mae and Freddie Mac to approve VantageScore 4.0 for all lenders technically expands the market for a scoring model co-owned by TransUnion, Equifax and Experian , his accompanying comments triggered widespread selling across credit bureau stocks. In public statements on social media, Pulte accused the three major credit reporting agencies of “overcharging Americans for far too long” and operating wit...