Equifax Workforce Solutions wins 2018 Canadian HR Reporter Readers’ Choice Award for Pre-Employment Screening Services

We are truly honoured to announce that Equifax Workforce Solutions has been chosen by the readers of  Canadian HR Reporter, a division of Thomson Reuters, as one of the best service providers in Canada supporting Pre-Employment Screening Services with our Verification Exchange solution. More than 65,000 votes were cast this year as part of the [Read More…]

Retail Credit Cards: The Correlation between Retailer Health and Payment Performance

This is the first of a two-part blog series written by guest author, Cristian deRitis, senior director of Consumer Credit Analytics at Moody’s Analytics. Cristian develops credit models for a variety of asset classes and provides regular analysis and commentary on consumer credit, housing, mortgage markets, securitization, and financial regulatory.  Based on data from CreditForecast.com, delinquency rates on [Read More…]

Are We Really at Full Employment?

The idiomatic phrase that enters in so often in economic discussions is that we are at full employment because the unemployment rate is low. While it’s true that we are at an unemployment rate that is the lowest that we’ve been in a very long time, I don’t think this statistic tells the whole story. [Read More…]

Sample Letter 227 Added to IRS Website, Closes Loop in ESRP Inquiries

Recently, the IRS added a new page to their website – Understanding Your Letter 227 – offering new samples of Letters 227. These five samples (Letters 227-J through -N) show the various responses that the IRS is using to acknowledge ESRP inquiries and provide employers with next steps regarding proposed ESRP amounts noted on the [Read More…]

Can a new machine-learning technology transform credit assessment?

Data experts are excited about its potential Algorithms. Logistic regression. Both tried and true analytical methods. Yet, as much as these technologies have transformed key business processes such as lending, risk and credit assessment, new developments are getting the data scientists of the world really excited, and for good reason. Think: neural networks. It’s the [Read More…]

Universal E-Verify Mandate Included in President’s Proposed Budget

Employers should take note of the President’s recently released proposed fiscal year 2019 budget as it points to increased attention on I-9 compliance issues. The proposed budget allocates funding for a Universal E-Verify system and highlights a proposed increase of Immigration and Customs Enforcement (ICE) worksite enforcement among other immigration reform measures. Fiscal Year 2019 [Read More…]

Business Tax Credits Included in Bipartisan Budget Act

Retroactive Extension for IEC and FEZ Employer Tax Credits Proposed The Bipartisan Budget Act of 2018 (H.R. 1892) was approved by Congress and signed by the President on Friday, February 9, 2018.  This is good news for many employers, as the signed budget deal maintains two long-standing federal employer tax credits, the Indian Employment Credit [Read More…]

2017 Resource Round-Up: Insights at Your Fingertips

Ready access to valuable insights delivered to your inbox in 2017 Equifax shares a number of resources created to help you grow and protect your business 2017 was an eventful year across the financial services industry. As we prepare for the year ahead, we wanted to provide a look-back at the many resources created to [Read More…]

Government Shutdown; Impact On Employers

As of Thursday morning, January 18, 2018 Congress has yet to pass a Continuing Resolution to fund government operations past January 19, 2018. This means that unless funding legislation is adopted, the current funding resolution will expire tomorrow (January 19, 2018) and, absent such a measure, a government shutdown is expected. To help employers, back [Read More…]

Webinar On Demand: The Credit Impact of Hurricanes

Hurricanes Harvey, Irma, and Maria wreaked havoc across the South. Banks, lenders and dealers alike are left wondering what the full impact might be on their books of business. Join Equifax and Moody’s Analytics as we present new research on the potential impact of the recent hurricanes on consumer credit. INSIGHTS INCLUDE: The economic costs [Read More…]