Competition is brewing between FICO and VantageScore Solutions as lawmakers continue to push the Credit Score Competition Act. The bill enables Fannie Mae and Freddie Mac to consider alternative credit scoring models when making mortgage-purchase decisions, something the GSEs are currently exploring. VantageScore recently updated its score range to match FICO. Nevertheless, FICO argues that a VantageScore of 700 is not comparable to a 700 FICO score. The VantageScore model previously ranged from 501 to 990, but now with VantageScore 3.0, released late last year, the score is in the more commonly used 300 to 850 range. “The fact that these scores are now on the same range, however, does not mean that these scores are...