TransUnion seeks to partner with state workforce agencies to facilitate the provision of wage data to third parties for the purpose of credit extension or program eligibility confirmation.
Secure, consent-based, real-time income verification based on information held by state workforce agencies benefits consumers and states.
–Facilitates more convenient and secure provision of wage data for residents
–Promotes more responsible access to credit by having to prove income
–Stimulates state’s economy through increased consumer activity
–Streamlines processes and appropriately allocates state program benefits
–Consumer-informed written consent required
–Transaction-by-transaction basis (data continues to reside behind SWA’s firewall)
–Industry standard security protocols
–Leading matching and quality capabilities
TransUnion seeks to work directly with each SWA to enable this service which will comply with Part 603 regulations (20 CFR 603) and UIPL 19-12. All development and maintenance costs related to this proposed project would be paid for by TransUnion.
For more information on how to work with TransUnion on income verification, please complete the form below:
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