Webinar: The HELOC Landscape – Risk Management and Customer Retention

Upcoming HELOC webinar

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…]

Improving Patient Record Matching

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On July 16, Michael Nelson, DPM, VP of Healthcare Strategy and Business Development for Equifax Identity and Fraud Solutions, will conduct a CHIME College Live Presentation on the topic of improving patient data matching as a key for health information exchange. Accurate and complete patient personal and health information is required to meet industry requirements for [Read More…]

WSJ: Home-Equity Lines of Credit See Jump in Delinquencies

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Equifax data cited in The Wall Street Journal shows that borrowers who signed up for home equity lines of credit (HELOCs) in 2004 were 30 or more days late on $1.8 billion worth of outstanding balances just four months after principal payments started kicking in — which represents 4.3% of the balance on outstanding 2004 [Read More…]

Webinar: Credit Union Fraud Prevention – A Multi-Layered Approach

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Webinar: Credit Union Fraud Prevention – A Multi-Layered Approach Wednesday, July 15th at 2 p.m. Eastern Register Now! Your credit union may lack the resources to implement all best practices for fraud management in the near term. How can you develop a plan to help address concerns around new threats while maintaining a smooth and [Read More…]

A Better Way to Help Assess DDA Risk

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It is no revelation that the Consumer Financial Protection Bureau (CFPB) wants to ensure that banks and credit unions are appropriately and fairly meeting the needs of consumers. This includes the agency strongly recommending that financial institutions implement an open-all strategy for consumer demand deposit accounts (DDAs) and help provide deposit account options for “credit [Read More…]

Regional Household Wealth Tier Breakdowns

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This month we wanted to take a closer look at estimated household wealth across the U.S.  Specifically, the map below shows the percent of households that fall into each estimated wealth tier within each region. How do regions along the east and west coasts stack up against the rest of the country?  Do regions in [Read More…]

Housing Inventory Remains Tight

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Many major U.S. markets still don’t have housing supply to meet demand, but theories differ about what’s behind the inventory shortage This much is certain: Housing inventory is still tight in many major U.S. markets. May’s inventory was down 15.7% year over year, according to data from the National Association of Realtors. What’s less certain is what [Read More…]

Subprime Auto Bubble? Not Likely Say Experts

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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…]

Fraud Prevention: Crimes against Revenue on the Rise

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Fraud perpetrated by or on behalf of local public assistance recipients continues to be a recurring sore spot in the ability of local jurisdictions to control growing costs, and improve revenue collections and use. “Crimes against revenue” is a particular phrase used over past years by localities seeking to address this kind of public sector [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…]