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Self Description

April 2005: "Equifax has been providing value-added information solutions to businesses and consumers for over 105 years. Today, Equifax is a global service provider with over $1.2 billion in annual revenue and 4600 employees in 13 countries. From first opening its doors in 1899, Equifax has a rich heritage and a distinguished track record of market leadership..."

Third-Party Descriptions

April 2010: "Financially, the gamble paid off: Talx was acquired three years ago by Equifax, the credit-rating giant, for $1.4 billion. But work once done locally became centralized — at a loss, critics say, of responsiveness and expertise."

October 2008: "The American information economy has been evolving for decades. Equifax, for example, has been compiling financial histories of consumers for more than a century. Since 1970, use of that data has been regulated by the Federal Trade Commission under the Fair Credit Reporting Act. But Equifax and its rivals started offering new sets of unregulated demographic data over the last decade — not just names, addresses and Social Security numbers of people, but also their marital status, recent births in their family, education history, even the kind of car they own, their television cable service and the magazines they read."

May 2008: 'What happened Last Thursday, May 8, Sallie Mae made an error in the way it reported some student loans to credit reporting agencies. Essentially, it reported graduated or extended repayment plans as arrangements for partial payment, causing Equifax, one of the three national credit reporting agencies, to treat them as derogatory marks. Sallie Mae spokeswoman Martha Holler says that "some of the credit monitoring services then took the interpretation one step further and labeled the derogatory mark a delinquency."'

December 2006: It is not just criminals who are profiting from identity theft; financial institutions are making money, too. Fear of identity theft has helped give rise to a nearly billion-dollar business in credit-monitoring services sold by the major credit bureaus — companies like Equifax, Experian and TransUnion — as well as direct marketers and banks.

July 2006: The three suits charge that, under the federal Fair Credit Reporting Act, the national bureaus -- Equifax, Experian and TransUnion -- are required to follow 'reasonable procedures to assume maximum possible accuracy of information in consumer (credit) reports.'

July 2006: A relatively new addition to the credit scoring universe is the VantageScore -- introduced as a joint effort by Equifax, Experian and TransUnion -- which rivals the FICO score but so far is being used by very few lenders. The VantageScore, which ranges from 500 to 990 and includes A to F ratings as well, is being promoted as paying particular attention to 'thin' credit files.


RoleNameTypeLast Updated
Member of (past or present) Consumer Data Industry Association (CDIA) Organization Nov 1, 2006
Owner of (partial or full, past or present) Talx Corporation Organization Apr 4, 2010

Articles and Resources

33 Articles and Resources. Go to:  [Next 13]

Date Resource Read it at:
May 06, 2011 ID Theft Tool That Sony Isn’t Using

QUOTE: A surveillance service is reactive. By the time you get an alert from one, thieves may have already done a lot of damage. A security freeze, also known as a credit freeze, is proactive.

New York Times
May 27, 2010 With credit scores, it should be equal access for all

QUOTE: Why in the world would Congress provide some consumers with free access to credit scores, but not others? This could happen under a measure being considered by lawmakers that would grant free access to people whose credit scores were used to deny them credit or a job.

Washington Post
Apr 03, 2010 Critics Say Firm Weakens Safety Net as It Fights Jobless Claims

QUOTE: Talx Corporation, has come to dominate a thriving industry: helping employers process — and fight — unemployment claims....critics say the company has undermined a crucial safety net. Officials in a number of states have called Talx a chronic source of error and delay. Advocates for the unemployed say the company seeks to keep jobless workers from collecting benefits.

New York Times
Jan 01, 2010 Consumer Confidential

QUOTE: Do you know when you're being hustled by bankers, mortgage brokers, and investment peddlers? Check out our tip sheet on financial pros' everyday deceptions—and how to protect yourself against them

AARP Bulletin
Aug 31, 2009 A Few Good Kids? How the No Child Left Behind Act allowed military recruiters to collect info on millions of unsuspecting teens.

QUOTE: In the past few years, the military has mounted a virtual invasion into the lives of young Americans. Using data mining, stealth websites, career tests, and sophisticated marketing software, the Pentagon is harvesting and analyzing information on everything from high school students' GPAs and SAT scores to which video games they play.

Mother Jones
Jul 06, 2009 When a parent steals your identity

QUOTE: This crime is not as rare as you might think. And the betrayal (and damage) goes beyond the financial. Here's how it can happen -- and how to tell if it already has.

MSN (Microsoft Network)
Oct 22, 2008 Banks Mine Data and Pitch to Troubled Borrowers

QUOTE: Singling out even struggling American consumers like Ms. Jerez is one of the overlooked causes of the debt boom and the resulting crisis, which threatens to choke the global economy....banks, credit card issuers and mortgage brokers, who fiercely compete to find untapped customers — even those who would normally have trouble qualifying for the credit they were being pitched.

New York Times
Jun 24, 2008 Technology Leaders Favor Online ID Card Over Passwords

QUOTE: The Information Card Foundation is an effort to create a single industrywide approach to managing identity online that promises to reduce drastically the use of passwords and create a system that is less vulnerable to fraud...The idea is to bring the concept of an identity card, like a driver’s license, to the online world. Rather than logging on to sites with user IDs and passwords, people will gain access to sites using a secure digital identity that is overseen by a third party. The user controls the information in a secure place and transmits only the data that is necessary to access a Web site.

New York Times
May 31, 2008 An Alarm System For Inaccurate Credit Scores (The Nation's Housing)

QUOTE: If you really deserve a 720 FICO credit score but you have been pulled into the low 600s because of incorrect or missing information in your national credit-bureau files, you ought to know so you have the opportunity to fix the problems.

Washington Post
May 25, 2008 Checking Out Roommates (Starting Out)

QUOTE: When looking for a roommate to share a house or apartment, twentysomethings are often too trusting of people they meet through, say, or apartment-finder Web sites such as and Instead, think like a conscientious landlord and consider the legal responsibility of sharing a home.

Wall Street Journal, The (WSJ)
May 14, 2008 Sallie Mae error caused credit scores to plummet

QUOTE: Some Sallie Mae student loan holders may have gotten nasty surprises if they checked their Equifax credit scores after Thursday last week. Their credit scores, based on their Equifax credit files, had plummeted overnight, thanks to a coding error made by Sallie Mae.
Mar 06, 2008 Like Stealing Credit From A Baby

QUOTE: Child identity theft is especially pernicious because it can go undetected for years, unearthed only when the victim goes for a driver's license or a student loan, only to be turned down. By then the crime trail is cold, and the thief has likely long abandoned the accounts after maxing them out.

Mar 24, 2007 FTC Says It Can't Protect Mortgage-Seekers From 'Trigger Lists'

QUOTE: [credit bureaus] know you're interested in getting a mortgage, and they know that lenders will pay plenty -- thousands of dollars a month in some cases -- to find out. Critics argue that trigger lists open the door to bait-and-switch schemes, where lenders dangle falsely discounted rates to pull in unsuspecting customers who have just applied to local brokers and have received higher quotes.

Washington Post
Mar 01, 2007 Scam Alert: Grave Robbery: Even the dead can be victims of identity theft.

QUOTE: Scammers troll through obituaries for names and addresses. Then they buy Social Security numbers and other personal data—such as credit histories—of the recently departed for as little as $15 on the Internet. .... In such cases, surviving family members are unlikely to be held liable for the debt, but they may pay a price—in time and money—to unsnarl the credit and bank records of their relatives.

Jan 03, 2007 7 steps to protect children from identity theft

QUOTE: A common red flag that something is amiss is unexpected mail such as collection letters or letters regarding financial accounts. Watch for credit reports in your child's name even though the child has never applied for credit...If you haven't had any problems yet, these seven steps will help protect your child from becoming a victim.
Dec 12, 2006 Protectors, Too, Gather Profits From ID Theft

QUOTE: Credit monitoring has quickly gained traction with consumers through aggressive advertising that often promotes its value in protecting against identity theft. But its abilities are far more limited than is commonly perceived.

New York Times
Sep 11, 2006 Credit freezes for all or victims only?

QUOTE: The idea of allowing anyone, anytime, to place a freeze on his or her credit sparks controversy between consumer advocates and financial industry proponents. Some see credit freezes as too extreme, while others see them as "the biggest tool in the toolbox."
Sep 11, 2006 5 ways to monitor your credit reports

QUOTE: Identity theft can cost you thousands of dollars if it goes unnoticed, not to mention dozens of hours cleaning up your credit report and clearing debts owed. To save time and money, it makes good sense to guard -- or at least watch -- your credit reports.
Aug 23, 2006 ID Security Company Finds Snags in Fraud Alert System

QUOTE: Consumer advocates have long complained that the fraud alert system mandated by Congress in 2003 as a consumer’s first line of defense against identity theft does not always work properly...The implication, Ms. Fergerson said, is that “you’ve got millions of people who think that they have fraud protection in place when actually they don’t.”

New York Times
Aug 01, 2006 Favorite tricks of the car-dealer trade

QUOTE: Buying a new car can feel like walking through a field of land mines. With three major pits of profits for the dealership -- the new car price, the trade-in and the financing -- it's easy to walk right into a money trap.

33 Articles and Resources. Go to:  [Next 13]