Welcome to our dedicated page for Equifax news (Ticker: EFX), a resource for investors and traders seeking the latest updates and insights on Equifax stock.
Equifax Inc. (NYSE: EFX) is a global data, analytics, and technology company whose news flow reflects its role in credit reporting, workforce solutions, and compliance services. As one of the major U.S. credit bureaus, Equifax regularly releases updates that matter to lenders, employers, and policymakers, as well as to investors following the EFX stock.
News about Equifax often highlights new data and analytics products, such as tools that use the Equifax Cloud™ and EFX.AI™ capabilities for risk assessment, fraud prevention, and personalized credit score planning. Recent announcements include the launch of Income Qualify, which delivers income and employment insights from The Work Number® to mortgage lenders earlier in the lending process, and the introduction of Optimal Path™, an interactive score planner integrated into platforms like Kikoff.
Equifax also issues releases on workforce and employer services, including unemployment claims solutions like the Unemployment Claims Power of Attorney Manager and verification enhancements driven by acquisitions such as Vault Verify. Regulatory and risk-related news includes new Anti-Money Laundering (AML) Compliance Solutions that use AI to screen and monitor customers against sanctions and high-risk lists.
Investors tracking EFX can find announcements on quarterly dividends, participation in investor conferences, and periodic Market Pulse reports that summarize U.S. consumer credit trends using Equifax data. This news page aggregates these product launches, market insights, capital markets events, and corporate updates in one place, providing a focused view of how Equifax’s data, analytics, and cloud technology are being applied across credit, employment, and compliance use cases.
Equifax (NYSE: EFX) has launched the TotalVerify™ data hub, a tool designed for social service agencies, lenders, background screeners, and employers to enhance trust, safety, and risk assessment. This hub integrates multi-data solutions, leveraging insights from the acquisition of Appriss Insights in 2021. With 11.2 million job openings in the U.S., the hub seeks to provide a comprehensive view of candidates, aiding in efficient service delivery amidst rising demand for social services. It also emphasizes data management to meet regulatory requirements.
Equifax (NYSE: EFX) has successfully completed the acquisition of LawLogix, a cloud-based provider of I-9 software and immigration case management solutions. Announced on July 21, 2022, this acquisition strengthens Equifax's Workforce Solutions business unit and expands its portfolio of employer-focused services. LawLogix's products, Guardian and Edge, support compliance with Form I-9 and E-Verify requirements while offering immigration case management capabilities. The transaction is not expected to materially impact Equifax's 2022 financial results.
Equifax has completed its acquisition of Midigator LLC, enhancing its global capacity in digital identity and fraud prevention solutions. The decision, announced on July 26, 2022, aims to leverage Midigator's post-transaction fraud mitigation technologies alongside Equifax's existing Kount business. This strategic move is expected to offer clients advanced tools for managing fraud throughout the customer lifecycle, although it is not anticipated to materially impact Equifax's financial results for 2022.
Equifax (NYSE: EFX) has declared a quarterly dividend of $0.39 per share, which will be payable on September 15, 2022. Shareholders on record as of the close of business on September 6, 2022 will receive this dividend. This action demonstrates Equifax's commitment to returning value to its shareholders, continuing a tradition of paying cash dividends for over 100 consecutive years.
Equifax (NYSE: EFX) announced new automated options for mortgage lenders to streamline manual verifications of employment and income. The updates include automated ordering of reverifications of employment (RVOE) and faster delivery options, enhancing the customer experience and efficiency in the lending process. The new solutions support compliance with government-sponsored enterprise (GSE) requirements, allowing lenders to select from standard or priority turnaround times. These enhancements are available now, with additional options launching on September 14, 2022.
Equifax (NYSE: EFX) has announced significant enhancements to its CrimSmart™ and TraceSmart™ products, aimed at improving background screening efficiency. These solutions enable firms to obtain faster results while minimizing dead-end investigations and expanding address history data. Early tests indicate that CrimSmart can identify up to 13% more high-confidence criminal records per search, while TraceSmart has shown up to 30% more jurisdiction matches. Both products offer individual filtering options for customizable search results, and they are most effective when used together.
Equifax (NYSE: EFX) has entered a definitive agreement to acquire Midigator LLC, enhancing its capabilities in digital identity and fraud prevention solutions. Midigator specializes in post-transaction fraud mitigation, addressing the rising concern of chargebacks amidst growing global ecommerce sales projected to reach $5.5 trillion in 2022. The acquisition is expected to bolster Equifax's Kount Identity Trust Global Network, utilizing AI for superior fraud detection. This transaction is anticipated to close in Q3 2022 and will not materially impact Equifax's financial results for 2022.
Equifax (NYSE: EFX) has announced the acquisition of LawLogix, a provider of cloud-based I-9 and immigration case management software, from Hyland. This strategic move aims to enhance Equifax's Workforce Solutions business, expanding services for employers and law firms amid evolving regulatory challenges. The acquisition marks Equifax's eleventh in 18 months, supporting ongoing growth initiatives. Expected to close in Q3 2022, the deal is not anticipated to materially affect 2022 financial results. LawLogix's solutions will integrate with Equifax's existing infrastructure to accelerate innovation.
Equifax (NYSE: EFX) reported a strong second quarter of 2022 with revenue of $1.317 billion, up 7% year-over-year, despite a 33% decline in the U.S. mortgage market and adverse foreign exchange impacts. Workforce Solutions grew by 21%, contributing significantly to overall growth. However, the company has revised its full-year guidance, anticipating a 46% decline in mortgage market credit inquiries, adjusting expected revenue down by $100 million to a midpoint of $5.10 billion. Adjusted EPS is now estimated at $7.68 per share.
Equifax (NYSE: EFX) will release its financial results for Q2 2022 on July 20, after market close. A conference call is scheduled for July 21 at 8:30 a.m. ET, where management will discuss these results. Presentation materials will be available on investor.equifax.com starting July 21 at 6:30 a.m. ET. An audio replay will be accessible from July 22. As a global data and analytics company, Equifax aids critical decision-making across various sectors.
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