The Libor gets its name from the London Interbank Offered Rate, from the City of London, one of the largest financial centres in the world. The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks. It is usually abbreviated to Libor (/ËlaÉªbÉr/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor).
Equifax (NYSE: EFX) is a global leader in consumer, workforce and commercial information solutions, that provides businesses of all sizes and consumers with insight and information they can trust.
The credit reporting agency, Equifax, announced on Sept. 7 that a hack has impacted the credit histories of up to 143 million Americans. Here's what you should do if you believe you are affected. (Jhaan Elker/The Washington Post) Update, Sept. 10, 2:25 p.m.: Equifax issued a new statement Sunday further clarifying its stance on the arbitration clause. To confirm, enrolling in the free credit file monitoring and identity theft protection products that we are offering as part of this cybersecurity incident does not prohibit consumers from taking legal action, Equifax said.