Items Tagged with 'Equifax'

ARTICLES

  • Equifax sets aside nearly $700 million for expected data breach payouts

    Books $690 million for settlements, fines
    It’s been nearly two years since Equifax first revealed that it had suffered a massive data breach that exposed the personal information of 148 million U.S. consumers to hackers, but the fallout from the breach is nowhere near over. In fact, Equifax just revealed how much it's expecting to pay out to deal with all of those issues – and it's a lot.
    Read More
  • ARMCO appoints Kyle Kehoe as its new chief revenue officer

    Kehoe has 20 years of experience as an executive and revenue leader
    ARMCO, a provider of enterprise financial risk mitigation solutions, recently announced Kyle Kehoe joined the company as its chief revenue officer. ARMCO President Phil McCall said he believes the company drafted a high-impact player in Kehoe, one who has delivered results across two decades and through some tough industry cycles.
    Read More
  • Equifax, FICO to partner to offer banks access to more consumer data

    Companies announce plans to package services to enhance consumer credit reporting
    Equifax and FICO credit score creator Fair Isaac are partnering to offer banks access to more consumer data. The companies started pitching each other's services earlier this month and announced their partnership Wednesday, according to The Wall Street Journal. Now, they will promote one another's offerings and sometimes approach clients together.
    Read More
  • Government watchdog calls for CFPB, FTC to have more authority over credit reporting agencies

    GAO wants regulators to have more power over Equifax, Experian, Transunion
    Equifax may be expecting sanctions from both the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers, but one prominent government watchdog is calling for those agencies to have even more authority over Equifax and the like.
    Read More
  • Equifax expecting punishment from CFPB and FTC over massive data breach

    Reveals CFPB is planning to levy a fine
    Equifax is expecting various forms of punishment from the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers, the company revealed recently.
    Read More
  • Equifax launches soft credit checks for multifamily industry

    Landlords can now check credit without hurting credit scores
    Credit reporting agency Equifax announced Monday it will allow landlords to check prospective tenants' credit without it affecting their credit score. The company created a soft credit check designed for the multifamily industry, saying this will help those who might already have a thin credit file.
    Read More
  • Equifax launches lead generation tool for mortgage lenders

    Uses consumer data to target prospects
    Equifax has launched a lead generation tool for mortgage lenders that it says will help users predict the likelihood that a lead will turn into a sale within the next two to six months. The product, called the Mortgage Lead Generation Models, uses data on a prospect’s credit, wealth and assets, property and demographics to help lenders better target their marketing.
    Read More
  • Former Equifax manager sentenced to eight months house arrest for insider trading

    Fined $50,000 and forced to forfeit $75,979 for taking advantage of knowledge of the Equifax breach
    Former Equifax Manager Sudhakar Reddy Bonthu was just sentenced to eight months house arrest following his guilty plea admitting he used non-public information to profit off of the credit reporting agency’s massive data breach. Last year, just before Equifax announced that it had exposed the data of more than 148 million American consumers to hackers, Bonthu bought 86 “put” options in Equifax stock that expired on September 15, 2017, ahead of the subsequent drop in Equifax’s stock value in the wake of the breach.
    Read More