RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

CMA refers Experian acqusition of ClearScore for in-depth investigation

Share on Twitter Share on LinkedIn
Staff Writer | July 31, 2018
Britain   Experian and ClearScore are the two largest credit checking firms

The CMA has referred Experian’s purchase of ClearScore for an in-depth merger investigation.

Experian and ClearScore provide credit-score checking in the UK. These services allow people to understand their finances, and choose loans and credit cards online.

The Competition and Markets Authority (CMA) found that Experian and ClearScore are the two largest credit checking firms and each other’s main competitors.

Its initial (phase 1) investigation identified concerns that the merged company would be less likely to innovate to help people better understand their finances, potentially leading to people paying more for credit cards and loans.

Therefore, earlier this month, the CMA said it would refer the deal for an in-depth (phase 2) investigation unless Experian offered acceptable ways to address the CMA’s competition concerns.

Experian has chosen not to offer proposals to address the CMA’s concerns and so the merger will now be referred for an in-depth investigation by an independent group of CMA panel members. The deadline for the final decision is 14 January 2019.

What to read next
POST Online Media Contact