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Tag Archives: Equifax

Equifax launches anti-fraud platform for brokers

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Equifax has announced the launch of its ClearPro platform, designed to ensure consumer trust by providing mortgage brokers, principal brokers, and broker owners with the tools to identify indicators of fraud within their businesses. by Ephraim Vecina 18 Mar 2021SHARE Carl Davies, head of fraud and identity at Equifax Canada, described the platform as a constantly active background screening [&hellip…

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Equifax reveals what’s happening with consumer debt in Canada

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While Canada’s overall consumer debt climbed to $2.07 trillion in Q4 2020 (up 4.1% annually) due to increased mortgage activity, per capita consumer debt actually declined amid reduced spending activity, according to Equifax. The average consumer debt, excluding mortgages, fell by 3% year over year to end up at $23,043, “primarily due to credit card balance [&hellip…

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