Despite Delay, TRID Preparation Still a Concern for the Financial Industry

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A hoped-for reprieve materialized, but lenders shouldn’t stop preparing for a brave new world of loan disclosures. The Consumer Financial Protection Bureau (CFPB) issued the TILA-RESPA Integrated Disclosure (TRID) rule in 2013. It was scheduled to take effect Aug. 1. But in mid-June, CFPB Director Richard Cordray issued a statement that it would delay the [Read More…]

Use existing CRM data to uncover high potential auto shoppers

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In today’s business environment, working smarter is not a luxury. It’s a necessity. Yet despite budget belt-tightening, many auto marketers are spending millions of dollars marketing their latest and greatest vehicles to consumers who may not be a good financial fit for their brands and models. Equifax financial solutions can enhance existing shopper records to [Read More…]

Senate Finance Committee Passes Tax Extender Package

Legislative Update

Beginning on July 21, the Senate Finance committee began their process of a “markup” of a tax extenders bill.  Recall that WOTC – a key element of the tax extenders, has been in hiatus since January 1, 2015.  The text of the markup proposal can be found here.  A markup is an important step in [Read More…]

How To Incorporate Financial Data For Better Ad Targeting

Incorporate Financial Data For Better Ad Targeting

The rise of data-driven marketing has brands increasingly looking for insights that allow them to better target their most likely customers and eliminate any potential media waste. But with so many resources at their fingertips, marketers are still learning how best to combine different kinds of data assets. In fact, they’re often either not using [Read More…]

Data-Driven Segmentation Helps Banks Go After the Right Mortgage Candidates with Speed

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Proactive approach reveals consumers looking for home loans and who among them may present the lowest risk for banks. We’re in the middle of the summer home-selling season, and — for the first time in several years — consumers have warmed up to the idea of purchasing new homes. Nearly three-quarters of respondents to a [Read More…]

Allaying concerns about fraud from third-party vendors

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Companies have spent a great deal of time and money protecting their core systems and infrastructure from cyber attacks — hardening their perimeters and moving to risk-based authentication for moderate to high risk resources. The collaborative environment of modern companies also means that there are quite a few “extranets”, which allow for information sharing with partners, third-party vendors, and [Read More…]

Using Analytics to Power Identity Proofing

Revolving Door Turnover

Confirming the identities of users in large external user populations can be challenging. A government agency giving a citizen access to sign up for benefits or check records may potentially be challenged with identifying a single person among more than 230 million adults. Combating identity-based fraud on that scale can be even more challenging. While [Read More…]

WOTC Update: Tax Reform and Tax Extenders

WOTC update

Tax reform is sometimes mentioned as a potential cause of delay for the renewal of WOTC and other tax credits.  That is, if tax reform were to happen, then it is conceivable that, as part of that process, various tax credits would cease to be renewed in favor of a reduction and simplification of overall [Read More…]

Fight Fraud With More Assets

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Preventing fraud is a big job, but one that gets easier with the right tools. Fraudsters are getting their hands on more information about your customers every day. Using more than  just a few data sets to see what is going on with those same customers is the single biggest advantage you can have to fight fraud and identity theft. Analytical modeling on [Read More…]

ETS Tax Intelligence: Forecasting SUI Tax Rates

Forecasting SUI tax rates

Situation For most employers, state unemployment insurance (“SUI”) tax rates are generally cyclical.  As demonstrated by the graph, national average SUI tax rates  trend downward during a period of economic growth and trend upward following a period of economic downturn (as was the case with the “Great Recession”).   However, trends are not always exact and [Read More…]