Competitive Lending in the QM World


The Consumer Financial Protection Bureau recently finalized a set of amendments to the Qualified Mortgage/Ability-to-Repay Rule under TILA/Reg Z, which requires lenders to make a good-faith determination of a borrower’s ability to repay a loan, using current employment status and income. With the continued increased scrutiny of the rule from the secondary market (GSEs), the [Read More...]

Government Shutdown Ends – WOTC Update


After negotiations transpired over the last few days, Congress has worked on a newly accepted plan to end the government shutdown. President Obama signed the bill, that also lifts the debt limit, late yesterday.  As noted earlier, the government shutdown on its surface was not expected to have a lasting detrimental impact on WOTC processing [Read More...]

Government Operations Resume and E-Verify Service Continues


Since Congress has reached an agreement and the federal government shutdown has ended the E-Verify® system will resume operations as normal. Employers using Equifax’s I-9 Management will not need to do anything additional as cases for eligible Forms I-9 have already been queued and will be submitted for processing. Please note DHS has requested that Equifax submit [Read More...]

Florida Launches CONNECT System – Workforce Solutions Client Action Required


The Florida Department of Economic Opportunity (DEO) is launching its new unemployment benefits system – CONNECT – today, October 15, 2013. With the deployment of this new system, certain online actions are required of employers and third party administrators, not only for access to CONNECT, but in order for unemployment matters to continue smoothly. Neither [Read More...]

Recent Louisiana EZ Legislation – Retail Industry Limitations


The Louisiana Enterprise Zone Program is a state tax incentive program which offers job and investment credits to new or expanding industries. In June, 2013, Louisiana Governor Bobby Jindal signed into law House Bill 571 which disqualifies many retailers from participating in the program (see link to legislation below). The legislation specifically excludes retail businesses [Read More...]

Equifax Unemployment Insurance Flash Report October 07, 2013


The latest edition of Equifax Workforce Solutions’ Unemployment Flash Report is available for downloading here.  Please send an e-mail to with any comments or suggestions. Employer Tax Service EQUIFAX_Flash_Report_100713.pdf (2.66 MB)

Federal Government Shutdown – Minimal Short-term Impact on State UI Agencies


Each October 1st is the beginning of the new fiscal year (FY) for the U.S. federal government.  Because Congress failed to agree on appropriations for the FY 2014 budget by the time the FY 2013 budget ended on Monday, September 30, 2013 at 11:59 p.m., or at least pass a continuing budget resolution, a systematic [Read More...]

WOTC to Continue Despite Government Shutdown


Due to an impasse in both chambers of congress on how to fund the ongoing operation of the Federal government, the government has officially shutdown as of midnight on October 1, 2013 (Note – the federal fiscal year runs October 1 to September 30). This shutdown, as has been widely reported, has far reaching effects [Read More...]

California Minimum Wage Increase


On September 25, 2013, Governor Jerry Brown signed AB10, which raises the California minimum wage from $8 an hour to $9 an hour on July 1, 2014, and then to $10 on January 1, 2016. This is another piece of good news for businesses participating in the California Enterprise Zone Hiring Credit program. This legislation [Read More...]

Michigan Unemployment Agency Upgrading Computer System


The Michigan Unemployment Insurance Agency (UIA) has announced they are upgrading their computer system and as a result will be temporarily closed September 26-30, 2013 as the transition becomes complete. Details can be found here.