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ATLANTA, Sept. 9, 2013 (GLOBE NEWSWIRE) -- Equifax, Inc. (NYSE:EFX), a global leader in consumer, commercial and workforce information solutions, today announced a multi-year, $500,000 partnership with Operation HOPE, the financial dignity non-profit committed to providing financial empowerment to underserved communities.
As part of the partnership, Equifax Chairman and CEO, Richard F. Smith, will join the Operation HOPE National Board of Directors to promote the aligned goals of the two organizations, and Equifax Personal Solutions President, Trey Loughran, will join Operation HOPE's Southeastern Board.
"Operation HOPE's mission directly reflects Equifax's own values and initiatives of helping responsible individuals achieve financial empowerment," Smith said. "We are pleased to partner with them to enable greater financial literacy among underserved consumers and communities across the country. By helping people gain access to credit, you open doors – whether it's to a car loan, a better mortgage, or the opportunity to go to college. We look forward to joining Operation HOPE to further assist this worthy initiative."
"We are pleased to gain the support of Equifax, so that we can change people's lives. Their $500,000 commitment over the next five years will give Operation HOPE more opportunity to help small businesses and individuals improve their credit scores," said John Hope Bryant Operation HOPE founder, chairman and CEO. "It is one of the cornerstones of our 700 Credit Score Community, a program that will turn underserved communities into emerging markets, giving people the keys to more resources and wealth."
Equifax's commitment will support the growth of Operation Hope's 700 Credit Score Community as well as the urgent need for credit information for those communities affected by natural disaster served by Operation HOPE's Coalition America. Executives from Equifax will participate in Operation HOPE's Global Financial Dignity Summit in Atlanta this November. Additionally, Equifax will work closely with Operation HOPE's Financial Dignity Center which is based out of the Ebenezer Baptist Church in Atlanta.