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Wednesday, January 13, 2010

Watch out India, here comes Equifax!

Maybe I should get licensed to practice law in India.  Equifax, the credit bureau who I have sued many many times in the past, has announced the formation of a new credit bureau in India, named Equifax Credit Information Services Pvt Ltd.  The new credit bureau is a joint venture between Equifax and six leading financial institutions in India, including Bank of Baroda, Bank of India, Kotak Mahindra Prime Ltd, Religare Finvest Ltd, Sundaram Finance Ltd and Union Bank of India.


India granted Equifax a certificate of registration to establish the new credit bureau in April of last year, four years after the application was originally submitted.

I know nothing about Indian law, but it would behoove the Indian government to look into passing strict consumer protection laws.  And, given Equifax's lackluster history of inaccuracy in its credit reports, they need to pass some laws quick!

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