Risk Factors Update Summary
- Cybersecurity incidents: Added mention of a prior material incident in 2017, impacting certifications and customer relationships.
- Sales Projection: Expect a 16% decline in U.S. mortgage market originations from 2023 to 2024.
- ESG Commitments: Announced net-zero greenhouse gas emissions commitment by 2040, with potential reputational risks.
- Legislative Changes: Anticipate increased focus on laws and regulations, especially regarding privacy and artificial intelligence.
- Regulatory Environment: Challenges adapting products to regulatory changes efficiently and cost-effectively.
- Legal and Regulatory Impact: Uncertainty in the impact of supervisory examinations or government investigations on business operations.
- Consumer Protection Laws: Increased scrutiny and potential legal actions under the FCRA could affect financial results.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=33185&owner=exclude
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