Verifications Focus

CFPB Proposes “Ability-to-Repay” Rules in Lending

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The Consumer Financial Protection Bureau (CFPB) announced on March 26th, 2015 it was considering rules that impact short-term and long-term financing by requiring lenders to take steps to make sure consumers can repay loans. The guidance notes the following: “The CFPB recognizes consumers’ need for affordable credit, but is concerned that the practices associated with [Read More…]

Webinar: Credit Unions and the HELOC Landscape

Credit Unions and the HELOC Landscape

Event: Credit Unions and the HELOC Landscape Date: Tuesday, May 5, 2015 Time: 2:00 p.m. Eastern Registration Link:  http://consumer.equifax.com/LP=1585 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 [Read More…]

Online Lending Best Practices

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The online lending marketplace is a rapidly evolving environment that will continue to grow and change.  Online marketplaces are transforming the way in which lending transactions take place, creating value for both lenders and borrowers alike.  But just like traditional lending practices, this new era of lending is accompanied by challenges that can’t be ignored. [Read More…]

Visit Equifax at the AACC Annual Convention

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Join Equifax at the AACC 2015 Annual Convention – April 18-21 in San Antonio, TX and learn how we can help provide educational institutions with graduate outcome metrics based on objective and verified data that identifies graduate and program performance. The Gainful Employment regulation will go into effect July 1, 2015. Are your programs at [Read More…]

Demystifying compliance issues in automotive dealing & lending and the impact of the CFPB

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Webinar: Demystifying compliance issues in automotive lending & dealing and the impact of the CFPB Date: Tuesday, April 7, 2015 Time: 2:00 PM ET During the webinar, attendees will learn about key compliance concerns for automotive dealers and lenders from a former examiner with the Federal Reserve Bank of Atlanta, including the increasing reach and influence [Read More…]

Visit Equifax at LendIt USA 2015

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Empowering Online Lending Leaders with Trusted, Verified Data at LendIt USA 2015 Join Equifax at LendIt 2015 in New York- April 13-15, where we’ll be showcasing the latest verification solutions for real-time decisioning and applicant qualification for the internet finance and online lending community. Visit Equifax during LendIt USA 2015, Booth #703 to be entered in a drawing [Read More…]

Expect Increasing Demand for Data in Mortgage Lending

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Austin Kilgore, managing editor for National Mortgage News and Mortgage Technology, released a series of stories at the end of last year previewing the biggest trends in 2015 for mortgage. In his article, “2015 Technology Outlook:  Data, Data and More Data”, Kilgore discusses the ongoing push for more robust loan data in 2015 as market participants [Read More…]

Webinar – eSignatures and compliance – bullish on eSignature adoption

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A group of over 200 webinar attendees showed themselves bullish about eSignatures at a webinar discussing electronic signature legal issues. The webinar addressed the legal background for eSignatures and electronic records in general for mortgage lending. Margo Tank, counsel for Electronic Signature and Records Association (ESRA) as well as a leading eCommerce lawyer and partner at [Read More…]

Webinar: Leveraging eSignatures for Better Compliance in Mortgage Lending

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Webinar:  Leveraging eSignatures for Better Compliance in Mortgage Lending Date: Tuesday, January 27, 2015 Time: 1:00 PM ET Hear the legal counsel to the Electronic Signature and Records Association (ESRA) discuss both best practices for incorporating electronic records throughout the life of a mortgage loan, as well as the power of electronic signatures as a [Read More…]

The Affordable Care Act: Preparing for 2015

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January 1, 2015 is an important date for the Affordable Care Act. This is not only when large employers must begin providing healthcare coverage to eligible employees, but it’s also when organizations must start tracking all the necessary data to fulfill section 6055 and 6056 reporting requirements. While many employers believe they do not have [Read More…]