New LaunchJun 11, 2026, 05:32 AM
Equifax Canada Launches Free Credit Lock for Ontario Residents
AI Summary
Equifax Canada announced that its Credit Lock service will be available to all residents of Ontario starting July 1, 2026, in line with the province's Better for Consumers, Better for Businesses Act. This free digital lock on credit reports helps defend against identity theft and fraud by preventing lenders from accessing credit scores, reports, or Personally Identifiable Information when a lock is active. Equifax Canada, which previously launched this feature in Quebec in 2023, emphasizes its commitment to consumer protection and fraud prevention.
Key Highlights
- Equifax Canada to make Credit Lock available to Ontario residents starting July 1, 2026.
- Credit Lock is a free service that helps prevent identity theft and fraud.
- Placing a Credit Lock has no impact on a consumer's credit score calculations.
- Equifax Canada previously activated Credit Lock functionality for Quebec residents in 2023.
- Equifax Canada's FraudIQ platform helps Canadian organizations avert over $3B in fraud losses annually.
- Equifax operates or has investments in 24 countries with nearly 15,000 employees worldwide.
Price Impact
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