Equifax to buy payroll service TALX - to sell the payroll info to creditors and collectors?
From the press release:
Equifax Announces Agreement to Acquire TALX Corporation in a Transaction Valued at $1.4 Billion
ATLANTA and ST. LOUIS, Feb. 14 /PRNewswire-FirstCall/—Equifax Inc. (NYSE: EFX) and TALX Corporation (Nasdaq: TALX) announced today that
Equifax will acquire TALX in a stock and cash transaction valued at approximately $1.4 billion, including the assumption of debt. The
acquisition is subject to certain regulatory approvals, approval by TALX shareholders and customary closing conditions....
Based in St. Louis, TALX is a leading provider of employment verification and related human resource/payroll services, serving over
9,000 clients in the U.S., including 385 companies in the FORTUNE 500. TALX provides a wide spectrum of products and services including employment and
income verification, pay reporting, hiring, and employment tax management services....
The acquisition of TALX is aligned with Equifax’s long-term growth strategy of expanding into new markets and acquiring proprietary data sources. [emphasis added]
...
UNBELIEVABLE!!!
Is there anything that would prevent Equifax from including the employment info in their consumer credit reports? To provide it to creditors and collectors?
Posted by Christine on 02/15/2007 at 03:26 PM
2004 Suit (credit limits, credit reporting - on appeal) • Equifax - countless violations • Credit - Collection - Economic News • (0) Comments • Permalink
