![]() Įquifax expanded into commercial credit reports on companies in the United States, Canada and the UK, where it came into competition with companies such as Dun & Bradstreet and Experian. It is alleged that the hearings prompted the Retail Credit Company to change its name to Equifax in 1975 to improve its image. This legislation gave consumers rights regarding information stored about them in corporate databanks. Congress held hearings that led to the enactment of the Fair Credit Reporting Act. In 1970, after the company had computerized its records, which led to wider availability of the personal information it held, the U.S. This lead to discrimination against homosexuals, queers, and people of color. about virtually every phase of a person's life his marital troubles, jobs, school history, childhood, sex life, and political activities." The company was also alleged to reward its employees for collecting derogatory information on consumers. facts, statistics, inaccuracies and rumors. Retail Credit Company's information holdings and willingness to sell its information attracted criticism in the 1960s and 1970s. Most of the credit work was then being done by a subsidiary, Retailers Commercial Agency. RCC also investigated insurance claims and made employment reports when people were seeking new jobs. Even though the company continued to do credit reporting, the majority of its business was making reports to insurance companies when people applied for new insurance policies, such as life, auto, fire and medical insurance. ![]() By the 1960s, Retail Credit Company was one of the nation's largest credit bureaus, holding files on millions of American and Canadian citizens. By 1920, the company had offices throughout the United States and Canada. History Įquifax was founded by Cator and Guy Woolford in Atlanta, Georgia, as Retail Credit Company in 1899. With over 14,000 employees worldwide, Equifax has nearly US$5 billion in annual revenue and is traded on the New York Stock Exchange ( NYSE) under the symbol EFX. Įquifax operates or has investments in 24 countries in the Americas, Europe, and Asia Pacific. In addition to credit and demographic data and services to business, Equifax sells credit monitoring and fraud prevention services directly to consumers. Equifax collects and aggregates information on over 800 million individual consumers and more than 88 million businesses worldwide. is an American multinational consumer credit reporting agency headquartered in Atlanta, Georgia and is one of the three largest consumer credit reporting agencies, along with Experian and TransUnion (together known as the "Big Three").
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |