1.5% of Kenyans gross salary to subsidize the Affordable Housing Scheme

The Ministry of Transport, Infrastructure, Housing, Urban Development and Public Works in Kenya released a public notice directing employers to start deducting 1.5% of their staff salaries as housing levy and submit the deductions to the National Housing Development Fund (NHDF).

The employer is also required to send the deduction together with other payroll statutory deductions to the Kenya Revenue Authority (KRA) by the 9th of every month starting on May 2019.

The directive states, “Both the employer and the employee shall each contribute 1.5% of the employee’s gross salary, so long as the sum of the total monthly contributions shall not […] Read more

At ‘Megabank’ Hearing, Freshman Rep. Katie Porter Takes on Jamie Dimon—and His $31M Salary

Rep. Katie Porter, D-California, at a House Financial Services hearing Wednesday in Washington. (Photo: Diego M. Radzinschi / ALM)

With the CEO of Equifax, U.S. Rep. Katie Porter whipped out a stack of documents as she called attention to the company’s court argument that a devastating 2017 data breach had not harmed any consumers.

With Tim Sloan, at the time the CEO of Wells Fargo, Porter came prepared with a poster board highlighting language in which the bank’s lawyers appeared to dismiss the executive’s statements about restoring consumer trust in the aftermath […] Read more

How to land a mortgage without a salary. For freelancers, a good home loan is hard to find.

When millions of Americans look in the mirror, their manager is staring back. Last year, about 41 million people ages 21 and above were self-employed in the United States, according to a 2017 report by MBO Partners, a company offering business services and tools to independent workers.

But as the independent workforce continues to grow, self-employed Americans may face a harsh reality if they apply for a mortgage. In fact, many will be rejected simply because they freelance or work for themselves.

When Michelle Taylor, 34, a self-employed public relations consultant, and her husband sought to buy a five-bedroom home […] Read more

Equifax Reopens Salary Lookup Service — Krebs on Security

Equifax has re-opened a Web site that lets anyone look up the salary history of a large portion of the American workforce using little more than a person’s Social Security number and their date of birth. The big-three credit bureau took the site down just hours after I wrote about it on Oct. 8, and began restoring the site eight days later saying it had added unspecified “security enhancements.”

The Work Number, Equifax’s salary and employment history portal.

At issue is a service provided by Equifax’s TALX division called The Work Number. The service is designed to provide automated employment and income verification for […] Read more

Equifax products also leaked thousands of salary histories

Equifax is still leaking like a sieve. Security researcher Brian Krebs has outlined a vulnerability in Equifax’s The Work Number product, a system used by credit companies to confirm your salary.

The system uses a number of personal details, including your SSN and birthdate, to bring up a salary history. These are details leaked in Equifax’s 143 million record breach this year.

Krebs writes:

To find out how easy it is to view your detailed salary history, you’ll need your employer’s name or employer code. Helpfully, this page lets you look that up quite easily (although if you opt to list employers […] Read more

Equifax will give your salary history to anyone with your SSN and date of birth / Boing Boing

Equifax division TALX has a product called The Work Number, where prospective employers can verify job applicants’ work history and previous salaries (it’s also used by mortgage lenders and others): you can create an account on this system in anyone’s name, provided you have their date of birth and Social Security Number. The former is a matter of public record, the latter is often available thanks to the many breaches that have dumped millions of SSNs (the latest being Equifax’s catastrophic breach of 145,000,000 Americans’ data).

Many readers probably consider their current and former salaries to be very private information, […] Read more

Equifax Has Amassed Salary Details for People at 7,100 Companies

Here’s some information that Equifax Inc. is managing to hold onto: payroll data from 7,100 companies.

Inside the U.S. credit-reporting firm is a warehouse of corporate secrets like none other — a database tracking the careers and earnings of bankers, technology workers and other personnel across the country. Even after Equifax failed to prevent hackers from tapping a separate trove of information on 143 million Americans, employers aren’t likely to cut off updates, because they rely so much on analytics that Equifax provides.

In the wake of the breach announced last month, Bloomberg News reached out to the 40 largest U.S. employers […] Read more