FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59

2026-05-11 · 74 min · 16 entities

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→ appeared on The Real Eisman Playbook podcast

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FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59
→ hosted by Steve Eisman person

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Feed author/publisher: Steve Eisman
→ discusses Business company

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Feed category: Business
→ discusses Entrepreneurship website

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Feed category: Entrepreneurship
→ discusses Investing concept

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Feed category: Investing
→ references @RealEismanPlaybook website

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Link in episode "FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59": https://youtube.com/@RealEismanPlaybook?sub_confirmation=1
→ references realeismanplaybook.com website

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evidence rules-v5
Link in episode "FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59": https://realeismanplaybook.com/

Entities found in this episode

websites 6

mentioned Entrepreneurship website

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Feed category: Entrepreneurship
mentioned @RealEismanPlaybook website

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evidence rules-v5
Link in episode "FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59": https://youtube.com/@RealEismanPlaybook?sub_confirmation=1
mentioned realeismanplaybook.com website

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evidence rules-v5
Link in episode "FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59": https://realeismanplaybook.com/
discusses Entrepreneurship website

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evidence rules-v5
Feed category: Entrepreneurship
references @RealEismanPlaybook website

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evidence rules-v5
Link in episode "FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59": https://youtube.com/@RealEismanPlaybook?sub_confirmation=1
references realeismanplaybook.com website

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evidence rules-v5
Link in episode "FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59": https://realeismanplaybook.com/

concepts 4

mentioned Investing concept

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Feed category: Investing
mentioned The Real Eisman Playbook Ep 59 concept

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FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59
discusses Investing concept

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Feed category: Investing
mentioned FICO concept

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FICO

persons 3

mentioned Kelsey Zhu person

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FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59
mentioned Steve Eisman person

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evidence rules-v5
Feed author/publisher: Steve Eisman
hosted by Steve Eisman person

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evidence rules-v5
Feed author/publisher: Steve Eisman

companys 2

mentioned Business company

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Feed category: Business
discusses Business company

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Feed category: Business

podcasts 1

appeared on The Real Eisman Playbook podcast

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FICO’s Monopoly is Fading & Consumers Are the Winners w/ Kelsey Zhu | The Real Eisman Playbook Ep 59

Episode description as stored

On episode 59 of The Real Eisman Playbook, Steve Eisman sits down with Kelsey Zhu of Autonomous to discuss the collapse of FICO's decades-long monopoly on credit scores and what it means for homebuyers, lenders, and investors. Kelsey breaks down how FICO raised its mortgage score pricing from 60 cents to $10 per pull and why that aggressive pricing opened the door for Vantage. They also explore the broader financial data sector and discuss how AI is reshaping the competitive landscape for every company in the group. 00:00 - The Real Eisman Playbook Premium 02:20 - Intro 04:35 - An Overview of the FICO Situation 13:40 - Destroying a Monopoly 20:05 - FICO vs Vantage Pricing 27:42 - The Credit Bureaus 30:39 - Kelsey's Call with a Private Mortgage Lender 35:09 - Outside the Mortgage Industry 37:00 - Going Back to the Price Increase 38:06 - Monopolies vs Duopolies 40:11 - Good & Bad Business Models 45:15 - Businesses of the Credit Bureaus 49:23 - How AI Factors In 51:20 - Verisk's Business Model 54:10 - MSCI 59:03 - FactSet 1:03:25 - Summarizing the FICO Situation & Lessons Learned 1:03:32 - Outro Visit https://realeismanplaybook.com/ to sign up for our mailing list. Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1 Connect with Steve Eisman and access all things The Eisman Playbook: 🌐 https://linktr.ee/realeismanplaybook → Follow on socials, watch episodes, and get the latest updates — all in one place. Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service. Copyright ©2025 Steve Eisman Learn more about your ad choices. Visit megaphone.fm/adchoices