EFX stands for Equifax and EFX balance is the aggregate debt of consumers recorded in Equifax bureau.
The term "file", when used in connection with information on any consumer, means all of the information on that consumer recorded and retained by a consumer reporting agency regardless of how the information is stored.
Charles N. Kahn III, president of the Health Insurance Association of America, said: "Insurers and health plans feel strongly that consumers' records should be protected.
The statute, nicknamed the "Bork law," also made video services companies liable for damages if they divulged consumers' records outside the course of ordinary business.
Experian and TransUnion accept reports from Unique, according to spokesmen for those companies, but only put debts of more than $50 on consumers' records.
ABC, NBC and CBS sued SONICblue last month, arguing that the company's ReplayTV 4000 and Go-Video Dual-Deck VCR devices violated copyright laws by letting consumers record TV programs without the commercials broadcast with them.
Sony's latest gizmos, for example, let consumers record and edit their own video CDs, and enable businesses to videoconference more cheaply via the net.
It is positioned as a new consumer recording format with smaller size and better fidelity than audio.
Here we go again with another consumer recording system ("Will DAT Become the Next Household Name?" Dec. 2) intended to obsolete (or sit beside) the previous ones: like vinyl, reel-to-reel, cassette, VCR and others.
So yes, this might be a little overkill for your average consumer recording, but it's clear that it could definitely have professional applications.
