Core Insights - Equifax's Social Services Outlook Index reveals that 54% of social service workers find their workplace very efficient, with 100% expecting increased efficiency in the coming year [1] - The survey emphasizes the importance of data and automation, with 57% of workers believing advancements in these areas will enhance their efficiency by 2026 [1] - Key challenges identified include changing policies (49%), insufficient staffing (41%), and lack of automation (41%) [1] Group 1: Efficiency and Technology - Nearly one in four workers (23%) anticipate that increased access to data will significantly improve workplace efficiency [2] - More than one in four (27%) believe technology and automation will most positively impact their ability to determine appropriate benefits for eligible applicants [2] - 40% of social service workers expect a significant increase in their use of technology and automation in the next year [1][2] Group 2: Complexity and Challenges - 98% of government workers foresee an increase in applicants with multiple income streams, such as gig work, complicating their roles [2][3] - 97% of workers express confidence in having the necessary information to assist these individuals, with 46% somewhat confident and 51% very confident [2] Group 3: Process Improvement - Nearly all social service workers (98%) agree that a universal intake process would enhance efficiency [3] - Suggested practical solutions for enhancing efficiency include simplifying eligibility and documentation requirements (38%), increasing internal communication (35%), and addressing accessibility barriers (34%) [4] Group 4: Experience and Advocacy - 99% of workers believe having a single caseworker for multiple programs is beneficial for beneficiaries [5] - Workers with over 10 years of experience are strong advocates for a universal intake form, with 54% supporting it compared to 43% of less experienced peers [5] - 61% of experienced workers find it very helpful for beneficiaries to have one caseworker, compared to 48% among less experienced staff [5] Group 5: Survey Methodology - The Equifax Social Services Outlook Index was conducted from August to September 2025, surveying 500 U.S. government social service workers across various levels and programs [5]

CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced that it has completed the previously announced redemption of all of its 9.00% Senior Secured Notes due 2027 (the “Redemption”). The Redemption was facilitated using proceeds raised by Enerflex Inc., a direct, wholly owned subsidiary of Enerflex, under its previously announced private offering of $400 million in aggregate principal amount of 6.875% senior notes due 2031 (the ...

Core Insights - Equifax has launched a new product called Income Qualify, which provides income and employment insights to mortgage lenders during the prequalification and pre-approval phases, enhancing the value of the Equifax consumer credit file [1][2]. Group 1: Product Features - Income Qualify offers verified income and employment data earlier in the lending process, allowing lenders to conduct initial assessments more quickly and with less burden on borrowers [2][4]. - The product leverages data from The Work Number, providing key data points such as borrower name, employer name, job tenure, and prior-year total income, which aids in assessing borrower eligibility and managing costs [4][8]. Group 2: Market Context - Mortgage lenders are facing increased competition for qualified buyers, necessitating faster assessments and critical lending decisions while managing costs [3]. - Equifax aims to support home ownership affordability and believes that comprehensive data solutions like Income Qualify are essential for this goal [3][5]. Group 3: Pricing Strategy - Equifax announced a significant reduction in pricing for VantageScore 4.0 mortgage credit scores, offering them at over 50% less than FICO 2026 prices and committing to hold the $4.50 pricing for two years [5].

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Equifax Conference Call Summary Company Overview - **Company**: Equifax (NYSE: EFX) - **Date**: December 09, 2025 - **Speakers**: John Gamble (CFO), Mark Begor (CEO) Key Points Industry Insights - **U.S. Consumer Credit Environment**: The consumer credit environment is described as relatively stable with modest growth in lending volumes [2][4] - **Consumer Credit Quality**: There is a bifurcation in consumer credit strength, with low unemployment being a positive indicator. However, inflation and lower wage growth are impacting lower-end consumers, leading to increased delinquencies in that demographic [2][4] - **Delinquency Trends**: Delinquencies have increased in subprime and near-prime segments due to inflation pressures, particularly in auto loans [4][5] Business Performance - **Customer Investment**: Despite challenges in certain consumer segments, customers, including fintechs, continue to invest in data solutions to better understand and serve their consumer base [3][5] - **Background Screening Market**: The white-collar hiring market is currently weak, impacting background screening volumes. The blue-collar job market remains strong, with more open jobs than applicants [7][8] - **Market Size**: The background screening data business is valued at approximately $400 million, with a total addressable market (TAM) of $3-$4 billion [11][12] Mortgage Market Dynamics - **Mortgage Market Decline**: The mortgage market has experienced a significant decline, down 50% from 2015-2019 levels, leading to a revenue decline of about $1 billion over three years [16][17] - **Future Outlook**: There is potential for recovery in the mortgage market as interest rates stabilize or decrease, which could lead to an incremental $1.2 billion in revenue for Equifax [22][23] - **VantageScore Adoption**: The introduction of VantageScore as an alternative to FICO is expected to gain traction, especially with the cost differential becoming more pronounced [27][29] Government Opportunities - **Government Vertical Growth**: The government vertical is projected to grow significantly, with a TAM of $5 billion. The recent OB3 bill aims to reduce fraud and increase recertifications, presenting further opportunities for Equifax [45][46] - **Social Services Verification**: Equifax's payroll data can be utilized for verifying income and employment for social services, which is critical given the new requirements under the OB3 bill [46][48] Strategic Initiatives - **Product Innovation**: Equifax is focused on new product innovation, with a Vitality Index indicating strong performance in this area [25] - **Long-term Growth Target**: The company aims for organic growth of 7%-10% in a normal economic environment, driven by product innovation and market penetration [15][26] Additional Considerations - **AI Impact on Hiring**: The push for AI in various sectors is expected to impact white-collar hiring, with companies maintaining flat headcounts despite growth [8][9] - **Cost Management**: The shift in FICO pricing and the introduction of VantageScore could lead to significant cost savings for mortgage originators, potentially accelerating the adoption of VantageScore [28][33] Conclusion Equifax is navigating a complex landscape characterized by a stable consumer credit environment, challenges in the mortgage market, and significant opportunities in government services. The company's focus on product innovation and strategic partnerships positions it well for future growth, particularly as market conditions evolve.

Atlanta-based Equifax Inc. (EFX) is a fintech-focused global data, analytics, and technology company, providing information solutions and HR outsourcing services to businesses, governments, and consumers. With a market cap of $25.9 billion, Equifax operates through Workforce Solutions, U.S. Information Solutions (USIS), and International segments. Companies worth $10 billion or more are generally described as “large-cap stocks.” Equifax fits the bill perfectly. Given the company’s strong influence in the ...

Inaugural Equifax Social Services Outlook Index Finds 57% of Government Social Services Workers Agree that Data and Technology will Increase Efficiency in the Year Ahead, Helping Expedite Aid to Applicants ATLANTA, Dec. 4, 2025 /PRNewswire/ -- Equifax® (NYSE: EFX) has released its inaugural Equifax Social Services Outlook Index. The survey of 500 government social service workers supporting programs such as Medicaid, SNAP and TANF found that 54% of respondents say their workplace is very efficient, and all ...

Financial delinquency rates remain high across industries and key regions like OntarioEquifax Canada Market Pulse — Q3 2025 Quarterly Business Credit Trends Release TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Canada’s economy is showing clear signs of stabilization, buoyed by easing inflation and strategic interest rate cuts. This improving environment has sparked a wave of business confidence and investment, evidenced by a rebound in new credit activity. Despite headwinds like the August trade deficit, busi ...

CALGARY, Alberta, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced that Enerflex Inc., a wholly owned subsidiary of Enerflex (the “Issuer”), has priced its previously announced private offering (the “Offering”) of $400 million in aggregate principal amount of 6.875% senior notes due 2031 (the “2031 Notes”). The 2031 Notes will be issued at par and will be guaranteed on a senior unsecured basis by the Company and certain of its subsidiaries ...

Accessibility StatementSkip Navigation Mark W. Begor, Chief Executive Officer, and John Gamble, Chief Financial Officer, will participate in the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 9, 2025, including participation in a Fireside Chat at 10:00 a.m., Eastern Time. The company invites investors to join a live webcast of this Fireside Chat event at:Â https://investor.equifax.com/news-events/ir-calendar. A replay of this Fireside Chat will be available within 24 hours ...