Verifications Focus

UPS: Simplifying Employment Verifications for Employers

Employees encounter life events and financial choices as consumers, such as buying a home or car that require the verification of employment and/or income. UPS relies on verifications through The Work Number® database from Equifax Workforce Solutions for instant employment and income verifications 24/7. Working with Equifax Workforce Solutions has made it easier for UPS [Read More…]

Whitepaper | What you need to know about the Work Opportunity Tax Credit

Overview of the Work Opportunity Tax Credit program The federal Work Opportunity Tax Credit reduces the federal income tax liability of companies that employ people considered to face certain barriers to employment. The program was designed to promote hiring of targeted groups; among them veterans, people with disabilities, and people who receive food stamps or [Read More…]

Verifications Bulletin: California Assembly Bill No. 1676 – Wage Discrimination

Situation In January 2016, the California Fair Pay Act became law, creating new gender pay equity protections under Labor Code section 1197.5. This Act was created to address the persistent gender wage gap and inequality in California and sets legislation in place to ensure that employers do not “pay any of its employees at wage [Read More…]

ACA Update: Election Aside, 2016 Reporting Requirements Remain

While there has been significant speculation about how the results of the 2016 election will impact ACA, the current regulations and accompanying penalties are still in place. The new administration would have a difficult time making any significant changes before the January 31, 2017 deadline to furnish 1095-Cs to employees and enrolled individuals. The Republican [Read More…]

Allegis Group: Improving Compliance and the Bottom Line

Allegis Group, the largest staffing company in the U.S., puts hundreds of thousands of people to work every year. A number of HR and Payroll compliance challenges come with that volume of employment, along with the opportunity to positively impact the company’s bottom line. Allegis Group relies on Equifax Workforce Solutions to support income and [Read More…]

Equifax Announces New Developments at Recent MBA Annual Convention

New developments are on the horizon at Equifax, and attendees of  the recent MBA Annual Convention & Expo were the first to hear how the company is joining forces with leaders in the industry to simplify the loan origination process and move mortgage into the future. Take a look at the headlines below: Fannie Mae Introduces [Read More…]

Get income verification in a matter of seconds

Tap into The Work Number® employment and income database to speed up loan approvals. There’s just no way around it. Income verification is an essential part of the mortgage loan process because it’s the best way to gauge a prospective borrower’s ability to pay. But what’s necessary isn’t necessarily simple, and that’s true for income [Read More…]

Help simplify the tenant screening process

A faster, more affordable solution offers a background report in minutes. It appears to be the right time to be in the property rental business, as a few recent statistics demonstrate: More than a third of U.S. households are occupied by renters, according to the National Multifamily Housing Council. Unfurnished apartments in the U.S. now [Read More…]

Proposed Changes to Payday and Short-Term Lending Could Lead to More Verification Requests

Situation You may have seen the CFPB’s proposed rule announced in June that would require payday lenders, and companies that make vehicle title and other high-cost installment loans to determine whether borrowers can afford to pay back their loans. The proposed rule is designed to help consumers who rely on these types of easy-access, short [Read More…]

Massachusetts Equal Pay Law Mandates Income Verification Timing

As you may know, a bill was passed in Massachusetts to establish pay equity. Lawmakers believe disclosing of salary histories put women at a disadvantage, and they may be offered lower salaries than men in their first jobs even when education and field are taken into consideration. Salary negotiations are also another area where women [Read More…]