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Against the wishes of Fair, Isaac & Co., online lender E-Loan is handing consumers their Fair, Isaac credit scores, a potentially powerful and controversial peek into why loans are approved or rejected. So-called "FICO" scores are the industry standard used by many financial institutions to determine customers' creditworthiness - essentially, whether they're likely to repay a loan on time. A numerical snapshot of a credit report, the scores are derived from algorithms developed by Fair, Isaac and licensed to credit bureaus.
Lenders have been under pressure from consumer groups to disclose more information to loan applicants. But until E-Loan late last month said it would provide the scores as part of...