Nevertheless, after the company pledged to monitor its procedures more carefully, the government halted its investigation. Nestled on 39 acres of mature hardwoods, the Cator Woolford Gardens are situated on one of the few remaining intact historic estates in Metropolitan Atlanta and are located just a few miles from the heart of downtown. Founded by brothers. [16] Certegy effectively became a subsidiary of Fidelity National Financial as a result of this reverse acquisition merger (See Certegy and Fidelity National Information Services for further information).[16]. [57][58] For roughly half the US population, both of the latter pieces of data are known to be in possession of criminals, following Equifax's MayJuly 2017 security breach. In mid-1992 Equifax agreed to provide consumers with a toll-free number and to begin investigating disputes within 30 days. [56], On October 8, 2017, Krebs reported that The Work Number, a website operated by Equifax's TALX division, exposed the salary histories for employees of tens of thousands of US companies to anyone in possession of the employee's Social Security Number and date of birth. Along withTransUnionand Experian, Equifax helps make up the big three of the credit reporting bureaus. [42], Equifax also offers fraud prevention products based on device fingerprinting such as "FraudIQ Authenticate Device. With opportunities for expansion growing more limited in the developed world, Equifax turned to the Latin American and Asian markets, acquiring full or partial ownership of firms in Chile, India, Argentina, Peru, and El Salvador. 1901: Retail Credit Company expands into the moral hazard market, selling credit information to life insurance companies. Copyright 2018 Key Credit Repair. Use Next and Previous buttons to navigate, or jump to a slide with the slide dots. The company started providing information to accident insurers and soliciting work related to fire insurance. You have chosen this person to be their own family member. With the company's sales running at $350,000, the Woolfords decided to incorporate. These included insecure systems reported in 2016. In the late 1920s Woolford befriended Franklin D. Roosevelt and was one of the founders of the . Try again later. Equifax Inc. is an American multinational consumer credit reporting agency headquartered in Atlanta, Georgia and is one of the three largest consumer credit reporting agencies, along with Experian and TransUnion (together known as the "Big Three"). (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. [24] After an investigation by the FBI, Ying pleaded guilty, was sentenced to four months of prison plus a year of supervised release, and was fined $55,000.00 and ordered to pay restitution of $117,117.61 in June 2019. [87], 2016 advance-warnings of insecure systems, 2017 withdrawal of vulnerable mobile apps. The settlement includes up to $425 million to help people affected by the data breach. With the 1993 acquisition of Integratec Inc., Equifax gained a leading provider of debt collection and other back-office services for credit card issuers and other lenders. Equifax, one of the nations top three credit-reporting agencies, along with Experian and TransUnion, holds information on more than 400 million credit holders across the. Additionally, in the late 1940s he served as a trustee of the Fernbank Science Center and helped to acquire property that would ensure a buffer for the pristine Fernbank Forest in DeKalb County. 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. Here's Why You Should Go for It", "Think You've Got Your Credit Freezes Covered? Miller's lawyer, Justin Baxter, explained that the false reporting damaged Miller's reputation, she was denied credit, and her private information was given to businesses Miller had no relationship with. Save my name, email, and website in this browser for the next time I comment. Cator, a former bank employee, and Guy, a lawyer, employed simple notations to reflect merchants comments about their shoppers payment habits: Prompt, Slow, or Requires Cash. They published these findings as The Merchants Guide, sold it for $25, and offered individual credit reports. Retail Credit Company's information holdings and willingness to sell its information attracted criticism in the 1960s and 1970s. Following these failings, Equifax has faced several lawsuits as well as fines over the years. Please ensure you have given Find a Grave permission to access your location in your browser settings. As one of the key players in the increasingly electronic world of commerce, however, Equifax was likely to survive the thrive. Drag images here or select from your computer for Cator Ringgold Woolford memorial. The business soon became very successful. Are you sure that you want to delete this memorial? To make amends, Equifax announced in August 1991 that it would cease using credit information to compile lists for the purposes of direct marketing. Please check your email and click on the link to activate your account. Equifax Inc. company and executive profile by Barron's. View the latest EFX company infomation and executive bios. Your new password must contain one or more uppercase and lowercase letters, and one or more numbers or special characters. [46], "I didn't have to do anything fancy," the researcher told Motherboard, explaining that the site was vulnerable to a basic "forced browsing" bug. All these figures have been every rising every year for the past couple of years. [85][86] Equifax ultimately reached a settlement with regulators for up to $700 million. As manager of this memorial you can add or update the memorial using the Edit button below. Nestled on 39 acres of mature hardwood forest, Cator Woolford Gardens at the Frazer Center is located on one of the few remaining intact historic estates in Metropolitan Atlanta, just a few miles from the heart of downtown.The Gardens were originally created as part of the estate of Cator Woolford, one of the principal founders of Retail Credit Company (now, Equifax, Inc.). Pushed to the limit, Retail Credit finally allowed women to work as inspectors, in most cases permitting wives to take over their absent husbands' jobs. Verify and try again. You may not upload any more photos to this memorial, This photo was not uploaded because this memorial already has 20 photos, This photo was not uploaded because you have already uploaded 5 photos to this memorial, This photo was not uploaded because this memorial already has 30 photos, This photo was not uploaded because you have already uploaded 15 photos to this memorial. The company posted a loss of $2,242. [15] Also in 2001, Equifax spun off its payment services division, forming the publicly listed company Certegy, which subsequently acquired Fidelity National Information Services in 2006. For instance, in 1908 the company began issuing reports for automobile liability insurers. Try again. [42] Credit reports provide detailed information on the personal credit and payment history of individuals, indicating how they have honored financial obligations such as paying bills or repaying a loan. Woolford's former estate in Druid Hills is now the site of the Frazer Center and the Cator Woolford Gardens. [11], In 1970, after the company had computerized its records, which led to wider availability of the personal information it held, the U.S. Congress held hearings that led to the enactment of the Fair Credit Reporting Act. Late in 1991, the company bought out its British partner to form Equifax Europe. Add to your scrapbook. . Today's Change. Using the ledger books of Atlanta's food retailers, the Woolford's copied out credit information on their customers on individual slips on paper, then arranged them into a book. During this time, Equifax also continued to spend heavily on technological developments for the purpose of keeping data-processing equipment up to date and offering new products to customers with the equipment. New Georgia Encyclopedia, last modified Aug 19, 2013. https://www.georgiaencyclopedia.org/articles/business-economy/equifax/, Reese, K. (2006). Name. By the mid-1960s, nearly 300 branch offices had been opened along with almost 1,400 sub-offices, employing roughly 7,400 inspectors. Thanks for your help! Armed with a form showing the information that would be provided about each potential customer, the salesman pulled in a large number of new clients. Today, we know that company as Equifax. Today, in addition to its credit-reporting and risk-management businesses, Equifax markets credit cards and provides fraud-detection services, database marketing, and risk consulting. There was a consent decree. In March 1930 Retail Credit established the Georgia Credit Exchange to provide services in cities across the state. [79], On November 4, 2017, it was reported that a group of five Oklahomans had sued the company, claiming that Equifax "violated laws which require financial institutions to protect the security of their customers' personal information. The researcher requested anonymity out of professional concerns. In 1994 the company also greatly expanded its international operations through acquisitions and joint ventures, gaining a presence in 12 countries, including Argentina, Chile, Spain, the United Kingdom, and Australia. On two occasions, the agency was fined by the Federal Trade Commission, and this was for violating the Fair Credit Reporting Act (FCRA). [12] It is alleged that the hearings prompted the Retail Credit Company to change its name to Equifax in 1975 to improve its image. The New Georgia Encyclopedia does not hold the copyright for this media resource and can neither grant nor deny permission to republish or reproduce the image online or in print. Roosevelt Warm Springs Institute for Rehabilitation, Statutory and Executive Boards and Commissions, Georgia National Fairgrounds and Agricenter. The Cator Woolford Gardens is a mission-driven event space for life's most important moments. A system error has occurred. Equifax Inc. Despite this setback, geographical expansion continued and New York premises were opened in 1907. For many years, Equifax has operated mostly on the business-to-business sector, where it sold consumer credit and insurance reports. The credit bureau had opened 34 branch offices in the United States and three in Canada, as well. Address: 1600 Peachtree Street, NW Atlanta, Georgia 30309 U.S.A. Telephone: (404) 885-8000 Fax: (404) 888-5452 http://www.equifax.com Statistics: Public Company Incorporated: 1913 as Retail Credit Company, Inc. Employees: 14,000 Sales: $1.62 billion (1998) Stock Exchanges: New York Ticker Symbol: EFX To incorporate credit reports the thrive from your computer for Cator Ringgold Woolford memorial as well help... Rising every year for the Next time I comment memorial using the Edit button below credit and insurance reports Canada. Equifax Inc. company and executive profile by Barron & # x27 ; s most important moments,! 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