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Equifax persuaded more than 7,000 employers to hand over salary details for an income verification system How? Is it all from the Talx acquisition? If not, th
by blfr 9y ago
Equifax persuaded more than 7,000 employers to hand over salary details for an income verification system
How? Is it all from the Talx acquisition?
If not, that is impressive. For many companies payroll is the most or even only really sensitive information.
- r00fus 9y agoQuite possibly. I understand some of the demographics information needed for TALX to process the unemployment compliance is salary for each employee covered.
- makmanalp 9y agoAren't there laws against releasing payroll data without the consent of the employee?
- PretzelFisch 9y agoPart of a Talx order is the employee giving their consent.
- KGIII 9y agoI know this is going to be movie. I can't decide if it will be drama, mystery, action, or comedy. At this point, I'm expecting someone to go on a shooting spree or commit a murder-suicide. Seriously, Hollywood screenwriters couldn't have come up with a plot this complicated. My favorite part is often overlooked. Earlier this year, they lobbied to remove what few rights we have in case of breaches/losses of PII. As in, they lobbied to not be held accountable or have to give notice in case they were breached. I think that was back in May of this year. There has been so much new information, I can no longer keep track. If this were a movie, it would suck - because it's too far-fetched and unbelievable. If someone were telling me this story, and I didn't know better, I'd assume they were lying. It has almost reached the point where it is comedic.
- PretzelFisch 9y agoJust wait for Fannie Mae's "day one certainty" initiative( starts later this year) services like Formfree's accountchek (you to provide them with your login info for all of your asset accounts so they can verify it for your lender) will be required in order to get a mortgage or refinance. <sarcasm>What could possibly go wrong with this service.</sarcasm>
- ams6110 9y agoDepends who you work for. If you work for a city, state, or other governmental entity your salary is probably public record and can be looked up online quite easily.
- PretzelFisch 9y agoThey either have a deal with or bought a payroll company. Which I think is why they bought TALX.
- pktgen 9y ago> Walmart, the nation’s largest private employer, and Kroger, the second biggest, said they were comfortable continuing to send Equifax their payroll data. Kroger has a large union workforce. It will be interesting to see if their unions make this an issue and force the data handover to stop.
- IncRnd 9y agoThat was some aggressive work on the part of Equifax. My guess is they did something devious, like doing work for a payroll processing company, in order to obtain this information.