|Bid||14.38 x 1000|
|Ask||199,999.98 x 1300|
|Day's range||142.41 - 143.90|
|52-week range||88.68 - 145.56|
|Beta (3Y monthly)||1.43|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.56 (1.09%)|
|1y target est||N/A|
In a historic victory for U.S. consumers, credit reporting firm, Equifax (EFX), has agreed to settle a nationwide class action stemming from one of the most notorious data breaches in U.S. history. The massive 2017 breach, which exposed the Social Security numbers, birth dates, addresses and, in some cases, the driver’s license and credit card numbers of over 147 million consumers, was resolved in a settlement valued at over $1.5 billion. The class action settlement includes up to $505.5 million to pay benefits for cash compensation including time spent dealing with the breach, credit monitoring, and assistance with identity restoration.
Equifax, a global data, analytics, and technology company, and Wolters Kluwer’s Finance, Risk & Reporting (FRR) business, are teaming up to provide an end-to-end Current Expected Credit Losses (CECL) solution. The companies are combining their respective CECL offerings and capabilities to help financial institutions comply with new standards instituted by the Financial Accounting Standards Board (FASB) for a complete solution that ensures an integrated and supportable framework. These new CECL standards will take effect in the first quarter of 2020 for financial institutions that are registered with the U.S. Securities and Exchange Commission (SEC), and in the first quarter of 2021 for financial institutions that are not registered with the SEC.