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Stock impact report

Equifax launches foreign credit score sourcing program for newcomers [BNN Bloomberg (Canada)]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Company Research Source: BNN Bloomberg
The credit reporting company said Thursday that the Global Consumer Credit File will make it easier for immigrants to access services like loans and cellphone plans in Canada by providing the additional data. “It's really important when newcomers land that they get access to the financial services ecosystem, and without credit history that's very difficult to do,” said Sue Hutchison, head of Equifax Canada. “They're typically looking to, you know, rent an apartment, get a mobile phone, probably a credit card, and all of those things require credit history. So not having it makes it very difficult for newcomers.” Equifax isn't the first to launch such a program in Canada. San Francisco-based Nova Credit, which launched in 2016 to provide global credit score access, expanded into Canada last year in a partnership with Scotiabank. The company has since expanded with partnerships at RBC, BMO and Rogers Communications Inc., among others. Nova Credit partners with several credit Show less Read more
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