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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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…
Read moreSustained housing market growth, among other factors, pushed total consumer debt up by 3.8% annually to $2.041 trillion during the third quarter, according to a new report by Equifax Canada. On average, each Canadian now holds $74,897 in consumer debt, which was 3.3% higher year over year. “Homebuyers are largely the reason why we’ve crossed [&hellip…
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