Credit Reporting Agency Sues Experian and CoreLogic for Monopolization

Today, a Florida-based credit reporting agency filed a class action against Experian, the national consumer credit data repository, and CoreLogic, Inc., the nation’s largest credit report reseller, alleging they violated the antitrust laws. The plaintiff alleges Experian and CoreLogic acted to deny smaller credit agencies access to Experian’s mortgage credit information for tri-merged mortgage credit reports. Banks and investors require such reports to extend credit for home mortgages. The complaint alleges Experian and CoreLogic were partners in the Credco mortgage credit reporting business some years ago when Experian “agreed to eliminate up to 87% of CoreLogic’s rivals” is exchange for...

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