Welcome to our dedicated page for Equifax news (Ticker: EFX), a resource for investors and traders seeking the latest updates and insights on Equifax stock.
Equifax Inc. (NYSE: EFX) is a global data, analytics, and technology company whose news flow reflects its role in credit reporting, workforce solutions, and compliance services. As one of the major U.S. credit bureaus, Equifax regularly releases updates that matter to lenders, employers, and policymakers, as well as to investors following the EFX stock.
News about Equifax often highlights new data and analytics products, such as tools that use the Equifax Cloud™ and EFX.AI™ capabilities for risk assessment, fraud prevention, and personalized credit score planning. Recent announcements include the launch of Income Qualify, which delivers income and employment insights from The Work Number® to mortgage lenders earlier in the lending process, and the introduction of Optimal Path™, an interactive score planner integrated into platforms like Kikoff.
Equifax also issues releases on workforce and employer services, including unemployment claims solutions like the Unemployment Claims Power of Attorney Manager and verification enhancements driven by acquisitions such as Vault Verify. Regulatory and risk-related news includes new Anti-Money Laundering (AML) Compliance Solutions that use AI to screen and monitor customers against sanctions and high-risk lists.
Investors tracking EFX can find announcements on quarterly dividends, participation in investor conferences, and periodic Market Pulse reports that summarize U.S. consumer credit trends using Equifax data. This news page aggregates these product launches, market insights, capital markets events, and corporate updates in one place, providing a focused view of how Equifax’s data, analytics, and cloud technology are being applied across credit, employment, and compliance use cases.
Equifax and Fiserv have announced a strategic partnership aimed at enhancing data-driven insights for organizations in a digital economy. The collaboration will focus on new offerings that improve business verification, accelerate account acquisition, and enhance risk assessment for small-to-medium businesses, with deployment planned for late 2022. Key executives emphasized the importance of real-time data insights for better decision-making and customer engagement. This partnership aims to leverage Equifax's cloud capabilities and Fiserv's transaction data to empower businesses across the financial services sector.
Equifax has appointed Trevor Burns as the new Senior Vice President of Corporate Investor Relations, marking his return to this role after serving as Senior Financial Officer for Equifax Global Consumer Solutions. This strategic move aims to enhance communication with analysts and investors during the company's ongoing cloud transformation. Burns brings over 15 years of experience at Equifax, having joined in 2005. He replaces Dorian Hare, who has transitioned to a new role at Oportun.
Equifax has enhanced its Talent Report™ Express solution to streamline pre-employment verifications by combining employment, identity, and education checks into a single report. This innovation aims to support employers in rapidly filling job openings, which currently stand at 1.6 per hire. The new service provides access to over 535 million records, assisting in efficient candidate evaluations. Governed by the Fair Credit Reporting Act, the solution ensures legal compliance in accessing consumer data, thereby benefiting both employers and job seekers.
Equifax (NYSE: EFX) issued its annual ESG letter, highlighting its commitment to Environmental, Social, and Governance (ESG) priorities. The company reported a 13.5% reduction in greenhouse gas emissions from 2019 to 2021 and aims for net-zero emissions by 2040. In workforce diversity, 77% of the leadership team reflects gender, racial, or ethnic diversity. Equifax introduced significant financial inclusion initiatives, including the first Spanish-language credit report. The updates showcase Equifax's focus on security, diversity, environmental sustainability, and economic inclusion.
Equifax (NYSE: EFX) is set to announce its financial results for Q1 2022 on April 20, after market close. A conference call with senior management will follow on April 21 at 8:30 a.m. ET to discuss these results. Presentation materials will be available on investor.equifax.com on April 21 at 6:30 a.m. ET. This announcement highlights Equifax's ongoing commitment to transparency and investor engagement.
MindBridge and Equifax Canada have partnered to address synthetic identity fraud, which costs organizations over $1 billion annually in Canada. Their joint effort focuses on an innovative AI solution that enhances credit scoring products by detecting synthetic identities. This collaboration aims to improve risk detection for clients and assist businesses in making more informed lending decisions. Both companies express optimism about the efficiency of MindBridge's technology in combating advanced fraud tactics, marking a significant step in financial risk management.
Equifax (NYSE: EFX) has launched a new integration between The Work Number® and Apex® HCM, enhancing digital employment and income verifications for businesses. This integration aims to reduce the time business owners spend on verification requests, allowing them to focus on growth. The Work Number database contains 136 million active payroll records, streamlining the verification process for financial services. Apex HCM clients can access this service at no cost, improving the efficiency of payroll service bureaus and enhancing the employee experience.
Equifax (NYSE: EFX) has released its 2021 Security Annual Report, highlighting a commitment to cybersecurity transparency. Over the past four years, the company invested $1.5 billion in technology and security improvements. Key accomplishments include defending against 35+ million cyber threats daily and conducting 370,000+ simulations for employee training. Equifax's security maturity exceeds industry benchmarks, reinforcing its status as a leading cybersecurity firm.
The three major consumer credit reporting agencies—Equifax (NYSE: EFX), Experian, and TransUnion (NYSE: TRU)—have announced changes to medical collection debt reporting, aiming to alleviate financial burdens on consumers. Effective July 1, 2022, paid medical debts will no longer appear on credit reports, and the reporting period for unpaid debts will extend from 6 months to 1 year. Additionally, debts under $500 will be excluded from reports. These measures, supported by research and consumer data from the Kaiser Family Foundation, affect nearly 70% of medical collection tradelines.
The three major credit reporting agencies, Equifax (EFX), Experian (EXPGY), and TransUnion (TRU), announced changes to medical collection debt reporting on March 18, 2022. Beginning July 1, 2022, nearly 70% of medical collection debts will be removed from credit reports. Paid medical debts will not affect credit scores, and the reporting period for unpaid debts will extend from 6 months to 1 year. Additionally, debts under $500 will not be included in credit reports. These measures aim to support consumers facing unexpected medical expenses.
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