Verifications Focus

Debt-to Earning Measures Becoming More Vital to Institution Programs

Institutions should take into account how the Department of Education calculates the Debt-to Earnings ratio and should take the necessary steps to make sure their calculations are accurate. The Department of Education will be providing institutions with lists of students that will be included in the Gainful Employment program later in 2015. Institutions will then [Read More…]

We hope to see you at the Auto Finance Summit!

Planning on attending the Auto Finance Summit in October? Stop by and see us! Equifax will be exhibiting at booth #170 and we’d love to chat with you! We’ll be talking about what’s going on in the auto lending space and how our solutions can help you: Attract and capture the right customers with preferred [Read More…]


If you will be attending the UI Integrity Technology Symposium in Washington, D.C., stop by our concurrent workshop to gain more insight on how to improve your program integrity and reduce improper payments through partnering and data sharing. When: TUESDAY, SEPTEMBER 1, 2015- 3:30 pm – 5:00 pm Where: CONCURRENT WORKSHOPS- Concord /Lexington- Hyatt Regency Washington on Capitol Hill [Read More…]

Huge Milestone Achieved with Managing the ACA

We are proud to announce that Equifax has achieved a huge milestone on our journey to help employers comply with the Affordable Care Act. Our award-winning ACA Management Platform is now responsible for managing ACA compliance for over 14 million employees. That’s right – 14 million employees! … and we’re even more proud of our [Read More…]

Webinar: Employment Verifications for ACA

Webinar: Impact of ACA | CMS on Verifications  Wednesday | July 29th | 12:00 pm CDT; 1:00 pm EDT The Centers for Medicare and Medicaid Services (CMS), the federal agency responsible for administering the benefit programs defined by the ACA, will require employer validation of employment and income in assessing applicant eligibility. CMS has selected The Work Number® as [Read More…]

Gainful Employment Rule Survives For-Profit Group’s Court Challenge

A federal judge on Tuesday, June 23 rejected a serious legal challenge, brought by the Association of Private Sector Colleges and Universities, to the controversial Gainful Employment rule. The lobbying group’s lawsuit was the highest hurdle remaining for the proposed Gainful Employment rule, which will judge career-oriented programs on their graduates’ ability to repay their [Read More…]

CFPB proposed “Ability-to-Repay” Rules in Short-term Lending – The Need for Income and Employment Verification

During a recent Equifax webinar discussing the Consumer Financial Protection Bureau’s (CFPB) proposed rules in short-term lending; the majority of the participants indicated that they currently require income information as part of the loan origination process (poll 1), yet two thirds of the participants indicated that they were relying on borrower-furnished income and employment information. [Read More…]

Webinar: The HELOC Landscape – Risk Management and Customer Retention

Webinar: The HELOC Landscape: Risk Management and Customer Retention Date: Thursday, July 23, 2015 Time: 1:00 PM ET According to the latest Equifax National Consumer Credit Trends Report, U.S. consumer appetite for home equity lines of credit (HELOCs) is increasing. More than 1.2 million new HELOCs were opened in 2014, a 15.8% increase over 2013. [Read More…]

Subprime Auto Bubble? Not Likely Say Experts

There’s been a lot of chatter lately about a potential bubble forming as a result of subprime lending in the automotive industry. Phil LeBeau, at CNBC, recently interviewed Dennis Carlson, Deputy Chief Economist at Equifax, to get his take on the issue. Carlson and analysts at Equifax looked at data for new and used cars [Read More…]

King v. Burwell: Subsidies Stand

The U.S. Supreme Court has issued a ruling in the King v. Burwell case stating that the Affordable Care Act (ACA) does in fact allow the Internal Revenue Service (IRS) to provide Premium Tax Credits, or subsidies, for health insurance provided under the Federal Marketplace. Although the language of the law states that subsidies are [Read More…]