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…]

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 – 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…]

The Work Number – key tool in child support enforcement

Child Support Blog

Bill would affirm The Work Number® as a key tool in child support enforcement efforts A bill now before the U.S. House of Representatives would ensure child support agencies have a full complement of tools to locate a delinquent parent and enforce an appropriate level for child support payment. The Child Support Assistance Act of [Read More…]

Virginia Digital Identity Law Highlights Identity Fraud Prevention

extending credit

Trusted identity credentials, managed and provided by 3rd-party identity providers as part of trust frameworks, are extremely effective mechanisms for consumers, businesses, and government agencies to use to protect their digital assets and information from online fraud. Using these credentials, instead of the common username/password identity mechanism, helps mitigate many of the risks that hackers [Read More…]

Challenged with combating fake paystubs?

Paystub-Blog-Header-v2

The challenge of combatting fake paystubs has become an increasing reality for lenders – more so for some than others, depending on the type of lending. Recently, an investigative reporter, Aaron Diamant with WSB-TV Channel 2 Action News in Atlanta, went undercover to see just how easily he could get his hands on fake paystubs [Read More…]

Department of Labor Issues WOTC Retro and Hiatus Guidance

WOTC retro

The Department of Labor has issued Training and Employment Guidance Letter 28-14 detailing “Reauthorization of the Work Opportunity Tax Credit (WOTC) Program for 2014 and Authorization Lapse for 2015.  As we have seen in previous hiatus situations, the State Workforce Agencies (SWA) are instructed to continue processing all timely filed certification request for individuals hired [Read More…]