The problems are deep and extensive. When you do business with a bank in Canada you sign a document designed to be so tedious that you cannot read it without entering a coma, which says in part that you give the bank permission to share your data with the likes of Equifax, other banks, and so on.  Equifax then provided, in my case, false data about my financial situation to other institutions.  I am supposed to "police my credit" and as far as I can gather, Equifax is under no obligation to verify the data they propogate.  They can go under as far as I am concerned. The world will be a better place without them.