LYCOS RETRIEVER 
Equifax: Companies
built 647 days ago
ATLANTA, Ga., Nov. 1 /PRNewswire-FirstCall/ -- Equifax Inc. today announced that Walter W. Driver, Jr. has been appointed to the company's board of directors effective November 1, 2007. Mr. Driver will serve for a term expiring at the 2010 annual meeting of shareholders. Separately, A. William Dahlberg announced his intention to retire from the board effective November 8, 2007 after more than 15 years of service. Mr. Dahlberg, 67, was President and Chief Executive Officer of Georgia Power Company from 1988 to 1994, Chairman and Chief Executive Officer of Southern Company from 1995 until February 2001, and Chairman of Mirant Corporation until his retirement in 2006.
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Equifax and Experian, while they harbor information of critical importance to a citizen's daily life, should not be so remote and impossible to contact on urgent matters like credit. This is pure and outright hostile behavior to consumers! Fastest methods of contact and response can easily take weeks for one thing to get done! This company makes it impossible to get through and talk to anyone!
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Leaving the direct-marketing business enhanced Equifax's public image without too much sacrifice; the relinquished activities provided only $12 million, or one percent of Equifax's revenues. In addition, the company modified the processes for correcting mistakes in its files, making it easier for consumers to set the record straight. In 1991 Equifax ... abandoned a planned joint database project with Lotus Development Corporation that would have made available to small businesses a wide array of demographic information at microneighborhood levels; a consumer outcry and negative media attention led to the project's demise. In mid-1992 Equifax agreed to provide consumers with a toll-free number and to begin investigating disputes within 30 days. By taking these steps to mollify the public, Equifax hoped to ward off federal legislation that would mandate costly measures to increase fairness. In addition, the company hoped to avoid the expensive class action suits over its activities that competitors had suffered.
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ATLANTA, July 9 /PRNewswire-FirstCall/ -- Equifax Inc. (NYSE: EFX) will announce its second quarter results in a press release to be issued after the market close on Monday, July 23, 2007. The press release will be available on the company's Web site at http://www.equifax.com/.
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Equifax ... will assume TALX's outstanding debt, which was $191.5 million as of Dec. 31, the companies said. The deal is expected to close late in the second quarter or early third quarter.
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Consolidation in the credit bureau industry continued throughout the 1980s, as Equifax and its two largest competitors, TRW Inc. and the Trans Union Corporation, divided up the nation's smaller credit bureaus amongst themselves. In a ten-year period, 104 smaller credit bureaus had been added to the Equifax network alone. By 1986 the company's files covered 150 million people in 28 states. In the following year, the company's capacity grew 40 percent, to cover all 50 states.
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