Subprime Auto Bubble? Not Likely Say Experts

auto finance calculator

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

WOTC Bill Renewal - law

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…]

Illinois Budget Deficit Spurs Incentive Cuts

Illinois Budget Deficit

With a proposed budget deficit of nearly $4 billion for the 2016 fiscal year, the Illinois Governor’s Office has issued a press release which places a hold on certain future incentives for businesses. Effective immediately, the state is suspending all new applications for the Economic Development for a Growing Economy (EDGE) Tax Credit Program, Large [Read More…]

Tennessee Community Resurgence Job Tax Credit

LBI

To help encourage job growth in impoverished areas of the state, Tennessee has recently passed legislation which enacts the Community Resurgence Job Tax Credit. Effective July 1, 2015, this credit provides $2,500 for each new full-time job created in a high-poverty area. The credit is available to businesses of any industry type which create at [Read More…]

North Dakota Joins E-Verify RIDE Program

e-verify update

U.S. Citizenship and Immigration Services (USCIS) has announced that effective Monday, June 15, 2015 North Dakota will become the sixth state to participate in the Records and Information from DMV’s for E-Verify (RIDE) program.  RIDE is an ongoing E-Verify initiative that connects E-Verify with state departments of motor vehicles (DMVs) and state public safety offices.  [Read More…]

Tom Reed Introduces Permanent WOTC Renewal Bill

WOTC Capital

Tom Reed (R-NY) has introduced  H.R.2754  to amend the Internal Revenue Code of 1986 to make the Work Opportunity Tax Credit (WOTC) permanent.  While the text of the bill is not yet available, Mr. Reed and his co-sponsor, Charles Rangel (D-NY) sent a “Dear Colleague” letter to Congress imploring them to co-sponsor this important bill.  Says [Read More…]

Webinar: New Hire Notifications and Other State-Level HR Compliance Challenges

Webcast replay

Join us to hear from a leading labor attorney about the fast-growing number of new hire reporting and notification requirements states are imposing on employers, and how HR professionals can better manage the process of monitoring, interpreting and enforcing them. The HR compliance issues to be addressed will include: • Key legislative trends in state [Read More…]

Webinar: CFPB’s proposed “Ability-to-Repay” Rules in Short-term Lending: The compliance implications

Webcast replay

Join us at this upcoming webinar to hear a well-known attorney explain the implications of rules recently proposed by the Consumer Financial Protection Bureau (CFPB) affecting consumer finance. The webinar will also provide information on unique data resources that can help lenders stay in compliance while managing risk and growing their business. The Consumer Financial [Read More…]

Webinar – ACA is Here to Stay: Best Practices for ACA Management

Legislative Update

Webinar – ACA is Here to Stay: Best Practices for ACA Management Tuesday | July 7, 2015 | 1:00 PM EDT The Supreme Court has issued a ruling in the King v. Burwell case upholding Premium Tax Credits, or subsidies, for health insurance provided under the federal Marketplace. But what does this mean in terms [Read More…]