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EQUIFAX CANADA INC.Detailed Chart...Equifax Canada Inc. applauds Nova Scotia's decision to permit the online sale of credit reports
TORONTO, Nov. 10 /CNW/ - Equifax Canada Inc. today applauded Service Nova
Scotia and Municipal Relations' recent decision to allow consumer reporting
agencies to sell online credit reports. The decision is a result of the
current national undertaking to harmonize credit reporting disclosure rules
and ongoing dialogue between Equifax and the province of Nova Scotia.
"Equifax Canada is pleased with the recent decision by Service Nova
Scotia and Municipal Relations regarding online credit reports," said Carol
Gray, President of Equifax Canada. "For many years, we have stated our
willingness to provide Nova Scotia consumers with the same access to their
credit reports online as other Canadians," she continued.
Nova Scotia previously prohibited the online sale of credit reports based
on an interpretation of its Consumer Reporting Act - the Act governing the
collection and distribution of personal information by consumer reporting
agencies. It also defined a consumer's right to free access to their credit
report. The divergence from the province's initial position is based upon the
possibility of multiple interpretations of Section 12 of the Act. Free credit
reports will still be available to Nova Scotians, as they are in the other
provinces, by mail, telephone, and in-person.
Over the next several months, Equifax will be working to ensure that the
convenience of online credit reports is available to Nova Scotians, for a
reasonable fee that's comparable to other provinces.
About Equifax:
Equifax empowers businesses and consumers with information they can
trust. A global leader in information solutions, we leverage one of the
largest sources of consumer and commercial data, along with advanced analytics
and proprietary technology, to create customized insights that enrich both the
performance of businesses and the lives of consumers.
Customers have trusted Equifax for over 100 years to deliver innovative
solutions with the highest integrity and reliability. Businesses - large and
small - rely on us for consumer and business credit intelligence, portfolio
management, fraud detection, decisioning technology, marketing tools, and much
more. We empower individual consumers to manage their personal credit
information, protect their identity, and maximize their financial well-being.
Headquartered in Atlanta, Georgia, Equifax Inc. employs approximately
7,000 people in 14 countries through North America, Latin America, and Europe.
Equifax is a member of Standard & Poor's (S&P) 500 Index. Our common stock is
traded on the New York Stock Exchange under the symbol EFX.
For further information: Michael Lofquist, Marketing & Communications Manager, at (416) 227-5290 or visit our website at www.equifax.ca
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