General World News

Waters calls on FTC to review ICE’s $13B Black Knight deal

Powerful House Financial Services Committee Chairwoman Maxine Waters wants regulators to closely scrutinize the proposed $13 billion purchase of Black Knight by Intercontinental Exchange (ICE).

In a letter sent to the Federal Trade Commission (FTC) this week, the California Democrat raised concerns about the merger, which would make ICE the largest mortgage services company in the housing ecosystem.

“In particular, I am concerned about the negative outcomes that may be passed on to consumers, such as higher prices, if such consolidation were to lead to decreased competition,” Waters details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com