News — Association News
GAMA Urges Swift Action On Export-Import Bank Reauthorization
The General Aviation Manufacturers Association said in a statement that it hailed the bipartisan agreement to end the impasse over the reauthorization of the Export-Import Bank. The bank’s charter lapses on May 31.
Read more...Date Posted May 10, 2012
ELFA Accepts Nominations for Distinguished Service Award
The ELFA said it is accepting nominations for its Distinguished Service Award, which honors an individual who has made a significant contribution to the association and the equipment finance industry.
Read more...Date Posted May 4, 2012
ELFA: Q1 New Business Volume Up 17% Y/Y
The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for March was $6.8 billion, up 10% compared to the same period in 2011 and 36% sequentially. Year-to-date cumulative new business volume is up 17%.
Read more...Date Posted April 25, 2012
ELFA Forms Communications Committee; Names Carol Chair
The ELFA has formed a new Communications Committee to work with its Communications and Marketing Department in increasing awareness of the equipment finance industry. Public relations professional Susan Carol is the chairwoman of the new committee. She was elected to the ELFA’s Board of Directors in October 2011.
Read more...Date Posted April 23, 2012
Equipment Lease Finance Industry Confidence Rises Slightly
The Equipment Leasing & Finance Foundation’s April 2012 Monthly Confidence Index for the Equipment Finance Industry showed that confidence in the equipment finance market is up slightly from the March index, indicating industry optimism is slowly but steadily rising.
Read more...Date Posted April 20, 2012
Q2 Outlook: Steady but Slower Growth in Equipment Investment
The Equipment Leasing & Finance Foundation’s quarterly update to its 2012 Equipment Leasing & Finance U.S. Economic Outlook forecasts healthy growth year over year but notes that the projected growth for 2012 has slowed to 7% from the previous outlook of 9%.
Read more...Date Posted April 3, 2012
Survey Reveals 15 Hottest Equipment Sectors
Medical equipment, oil/gas/energy and machine tools are the hottest equipment sectors in 2012, according to a recent survey of asset managers and consultants by the Independent Equipment Company in cooperation with the ELFA.
Read more...Date Posted April 3, 2012
ELFA: February New Business Volume Up by 22% Y/Y
The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for February was $5.0 billion, up 22% from volume of $4.1 billion in the same period in 2011. Volume was down two percent from the previous month. Year-to-date cumulative new business volume is up 22%.
Read more...Date Posted March 27, 2012
NEFA 2012 Summit Sets New Records
NEFA said that its 2012 National Equipment Finance Summit attracted more than 180 attendees from across the United States and Canada, making it the largest conference since NEFA was created from the merger of EAEL and UAEL.
Read more...Date Posted March 26, 2012
Equipment Lease Finance Industry Confidence Up in March
According to the Equipment Leasing & Finance Foundation’s March 2012 Monthly Confidence Index for the Equipment Finance Industry, overall, confidence in the equipment finance market is up from the February index, indicating industry participants are optimistic despite concerns that external factors may have on the market.
Read more...Date Posted March 23, 2012
ELFA, CFA File Amicus Brief in RadLAX Hotel Case
The Commercial Finance Association, together with nine other trade associations in the financial services industry, including the Equipment Leasing and Finance Association, have submitted a amicus brief to the U.S. Supreme Court in the case of RadLAX Hotel v. Amalgamated Bank.
Read more...Date Posted March 21, 2012
ELFA: January New Business Volume Up 21% Y/Y
The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for January was $5.1 billion, up 21% from volume of $4.2 billion in the same period in 2011. Volume was down 53% from December, following the typical end-of-quarter, end-of-year spike in new business activity.
Read more...Date Posted February 27, 2012
ELFA Issues Statement on Obama’s Corporate Tax Reform Proposal
The ELFA’s president William G. Sutton released a statement in response to the Obama Administration’s proposal for corporate tax reform that noted, “Within the context of tax reform, capital formation incentives need to remain, and the ability to acquire capital equipment should not be adversely affected.”
Read more...Date Posted February 27, 2012
Industry Confidence Holds Steady in February
According to the Equipment Leasing & Finance Foundation’s February 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), confidence in the equipment finance market is 59.6, up slightly from the January index of 59.0.
Read more...Date Posted February 24, 2012
IMN Names Speaker for Investors’ Equipment Finance Conference
Information Management Network and the Equipment Leasing & Finance Association announced Pimm Fox, Bloomberg television anchor and Bloomberg radio host, as the keynote speaker of the 11th Annual Investors’ Conference on Equipment Finance to be held in New York, NY on March 15, 2012.
Read more...Date Posted February 9, 2012
CLP Foundation Announces 2012 Board of Directors
The CLP Foundation announced its 2012 board of directors, with Rosanne M. Wilson, CLP, 1st Independent Leasing, serving as president.
Read more...Date Posted February 6, 2012
ELFA: December New Business Volume Up 20% Y/Y
The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for December was $10.8 billion, up 20% from volume of $9.0 billion in the same period in 2010.
Read more...Date Posted January 25, 2012
Equipment Lease Finance Industry Confidence Improves in January
The Equipment Leasing & Finance Foundation’s January 2012 Monthly Confidence Index for the Equipment Finance Industry indicated improved optimism about business activity amid continuing concerns about the global economic situation.
Read more...Date Posted January 23, 2012
Bank of the West Economist to Speak at NEFA Summit
NEFA said Michael J. Stead, director of Capital Markets for Bank of the West, will provide a real-world assessment of the current economic climate at the upcoming National Equipment Finance Summit. Stead supervises the sales and trading teams that manage Foreign Exchange, Fixed Income and Derivatives for the bank.
Read more...Date Posted January 18, 2012
Alta Group’s Halladay to Speak at NEFA Summit
Shawn Halladay, managing director – professional development of The Alta Group, will provide a current status of the pending accounting changes and overview of their likely impact on both operations and marketing at NEFA’s 2012 National Equipment Finance Summit.
Read more...Date Posted January 16, 2012
ELFA Announces Top Ten Equipment Acquisition Trends for 2012
The ELFA revealed its Top Ten Equipment Acquisition Trends for 2012. Growth, uncertainty and numerous end-user benefits underlie many of the trends that businesses acquiring equipment this year can expect, the ELFA said.
Read more...Date Posted January 9, 2012
NEFA Finance Summit Offers Expanded Content
NEFA said that its upcoming 2012 National Equipment Finance Summit will have more educational sessions than prior years including a special series for brokers wanting to become lessors.
Read more...Date Posted January 5, 2012
In Memoriam: ELFA Mourns the Passing of David H. Fenig
The Equipment Leasing and Finance Association mourns the passing of David H. Fenig, who served as ELFA Vice President of Federal Government Relations for the past eight years.
Read more...Date Posted December 22, 2011
ELFA: November New Business Volume Up 38% Y/Y
The ELFA Monthly Leasing and Finance Index showed overall new business volume for November was $6.2 billion, up 38% from volume of $4.5 billion in the same period in 2010. Volume was up 3% from the previous month. Year-to-date cumulative new business volume is up 26%.
Read more...Date Posted December 22, 2011
Equipment Finance Industry Confidence Holds Steady in December
The Equipment Leasing & Finance Foundation’s December 2011 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) indicated steadying optimism about business activity despite ongoing concerns about the global economic situation.
Read more...Date Posted December 20, 2011
Report Sees Rise in Equipment and Software Investment in 2012
The Equipment Leasing & Finance Foundation launched its 2012 Equipment Leasing & Finance U.S. Economic Outlook. Overall, the report forecasts investment in equipment and software will grow by 9% in 2012.
Read more...Date Posted December 19, 2011
Wicker Named Chair of National Equipment Finance Summit
NEFA said that Lynne Wicker, national remarketing manager of RTR Services, has been named chairperson of the 2012 National Equipment Finance Summit to be held in San Diego March 22-24, 2012.
Read more...Date Posted December 13, 2011
ELFA: Lease Accounting Proposal Could Negatively Impact Economy
A proposal to change how leases are accounted for on corporate balance sheets could have a widespread, detrimental impact on the U.S. economy, triggering a $10 billion reduction in GDP and 60,000 fewer jobs by 2016, the ELFA announced, citing a new study conducted by information and analysis provider IHS.
Read more...Date Posted December 7, 2011
ELFA to Announce Results of Lease Accounting Impact Study
The ELFA and the Equipment Leasing & Finance Foundation said they will hold a press conference call on December 7 to announce the results of a study on the impact of proposed lease accounting changes on the U.S. economy.
Read more...Date Posted December 5, 2011
AIG Commercial Asset Finance SVP Elected to ELFA Committee
Kirk S. Phillips, SVP, AIG Commercial Asset Finance has been elected to serve a two-year term on the ELFA’s Financial Institutions Business Council Steering Committee, AIGCAF announced.
Read more...Date Posted December 2, 2011
ELFA: October New Business Volume Up 22% Y/Y
The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for October was $6.0 billion, up 22% from volume of $4.9 billion in the same period in 2010. Volume was down 16% from the previous month. Year-to-date cumulative new business volume is up 25%.
Read more...Date Posted November 22, 2011
Pacific Rim’s Mirsky Elected to ELFA’s MM Business Council
Pacific Rim Capital said that its co-founder and COO, David C. Mirsky, has been elected to serve a two-year term on the ELFA’s Independent Middle Market Business Council Steering Committee.
Read more...Date Posted November 21, 2011
Equipment Finance Industry Confidence Improves in November
The Equipment Leasing & Finance Foundation’s November Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) showed that confidence in the equipment finance market is 57.4, up from the October index of 50.7, indicating an increase in optimism about business activity despite ongoing concerns about the global economic situation.
Read more...Date Posted November 18, 2011
ELFA Announces Business Steering Committee Election Results
The ELFA announced the results of the association’s September 2011 Business Council Steering Committee elections. These committees provide input on the direction of the association and serve as a bridge between the membership and the ELFA board.
Read more...Date Posted November 15, 2011
ELFA: September New Business Volume Up 25% Y/Y, M/M, YTD
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for September was $7.1 billion, up 25% from volume of $5.7 billion in the same period in 2010. Volume was also up 25% from the previous month. Year-to-date cumulative new business volume is up 25% as well.
Read more...Date Posted October 25, 2011
LEAF CEO DeMent Elected 2012 ELFA Chairman
At its 50th Annual Convention, the ELFA announced its new board of directors and officers. Crit DeMent, chairman and CEO of LEAF Commercial Capital, is the chairman of the board and Rick Remiker, president of Huntington Equipment Finance, is now chairman-elect.
Read more...Date Posted October 24, 2011
Equipment Finance Industry Confidence Improves in October
The Equipment Leasing & Finance Foundation’s October 2011 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) showed that confidence in the equipment finance market is 50.7, up from the September index of 47.6, indicating some respite from the concerns about the global economic situation.
Read more...Date Posted October 21, 2011
ATA Elects England as 67th Chairman
The board of directors of American Trucking Associations elected Dan England, chairman of C.R. England, as the trucking federation’s 67th chairman.
Read more...Date Posted October 20, 2011
Alta Group’s Swandel Elected NEFA President
Hugh Swandel, a managing director of The Alta Group, is the newly elected president of the National Equipment Finance Association’s board of directors. As NEFA president, Swandel said he will help the association emerge from the credit crisis era.
Read more...Date Posted October 10, 2011
ELFA’s Sutton to Keynote 2011 NEFA Expo
William G. Sutton, president and CEO of ELFA, will give the opening keynote address at the 2011 Expo Regional Meeting of the National Equipment Finance Association. He will discuss the state of the industry and provide his perspective on the Washington regulatory and political landscape.
Read more...Date Posted October 10, 2011
ELFA: Equipment Finance Industry Compensation Bouncing Back
Compensation levels in the equipment leasing and finance industry trended upward in 2010, according to the ELFA’s 2011 Equipment Leasing & Finance Compensation Survey. From 2009 to 2010 new business volume improved by 9%, which translated to modest total compensation growth.
Read more...Date Posted October 4, 2011
ELFA: August New Business Volume Up 33% Y/Y, Unchanged M/M
The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for August was $5.7 billion, up 33% from volume of $4.3 billion in the same period in 2010. Volume was unchanged from last month.
Read more...Date Posted September 27, 2011
Equipment Finance Industry Confidence Declines in September
The Equipment Leasing & Finance Foundation’s September 2011 Monthly Confidence Index indicated that overall, confidence in the equipment finance market is 47.6, down from the August index of 50.0, indicating continuing concern with global economic conditions and their impact on the industry.
Read more...Date Posted September 23, 2011
NEFA: Funding Symposium Successful; Walker Member of Year
The National Equipment Finance Association said its 2011 Funding Symposium drew more than 150 attendees, making it one of the best conferences so far in the group’s brief history. It also named Chris Walker of GreatAmerica Leasing NEFA Member of the Year.
Read more...Date Posted September 19, 2011
ELFA Attendees Urged to Comment on Accounting Exposure Draft
FASB member Daryl Buck and IASB member Prabhakar (“PK”) Kalavacherla addressed the ELFA’s 2011 Lease and Finance Accountants Conference this week in Dallas and urged all interested parties comment on the proposed changes regarding the convergence of accounting standards.
Read more...Date Posted September 16, 2011
ELFA: Jordan to Receive 2011 Distinguished Service Award
The Equipment Leasing and Finance Association (ELFA) has selected Jerry Jordan, executive vice president at U.S. Bancorp Equipment Finance, to receive its 2011 Distinguished Service Award.
Read more...Date Posted September 7, 2011
NEFA to Hold Expo Super Regional in NJ November 6 & 7
The National Equipment Finance Association will hold its Expo Super Regional meeting November 6 and 7, 2011. The meeting will focus on specific things brokers and lessors can do to respond effectively to changes in the industry.
Read more...Date Posted August 29, 2011
ELFA: July New Business Volume Up 2% Y/Y, Down 22% M/M
The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for July was $5.7 billion, up 2% from volume of $5.6 billion in the same period in 2010. Compared with June volume of $7.3 billion, July volume decreased by 22%.
Read more...Date Posted August 23, 2011
EverBank Lender Finance’s D’Antonio to Speak at NEFA Symposium
Dave D’Antonio, managing director of EverBank Lender Finance Group, is a featured speaker at the upcoming 2011 NEFA Funding Symposium. He will discuss debt liquidity and positioning finance companies in the capital markets.
Read more...Date Posted August 22, 2011
ELFA Announces Lease and Finance Accountants Conference
The Equipment Leasing and Finance Association announced its 2011 ELFA Lease and Finance Accountants Conference that will provide information about proposed changes to the lease accounting standard and their implications.
Read more...Date Posted August 2, 2011
ELFA Applauds Decision to Re-Expose Lease Accounting Standard
ELFA president William G. Sutton released a statement praising the decision by the FASB and IASB to re-expose their revised proposals for a common leasing standard.
Read more...Date Posted July 26, 2011
LeaseWave Repeats as ELFA’s Technology Award Winner For 2011
The ELFA announced that Odessa Technologies’ implementation of LeaseWave at ICON Capital, a member of the Monitor 100 group of top leasing and finance companies, has won the ELFA’s Operations & Technology Excellence Award for 2011.
Read more...Date Posted July 19, 2011
First American EF, ICON Capital to Receive ELFA Excellence Award
The ELFA said that First American Equipment Finance and ICON Capital will receive its 2011 Operations & Technology Excellence Award for creatively applying technology to increase efficiency and enhance customer relations.
Read more...Date Posted July 14, 2011
ELFA Appoints Richard Shanahan Director, Government Relations
The Equipment Leasing and Finance Association said Richard Shanahan has joined the organization as director of government relations. He will engage members in grassroots activities at the federal level and run ELFA’s political action committee.
Read more...Date Posted July 12, 2011
NEFA Offers Free Sales Teleseminar Series
NEFA’s Institute for Leasing Professionals is offering a series of three free sales teleseminars for equipment leasing and financing brokers and lessors. The series focuses on techniques to jump start business in the rebounding economy.
Read more...Date Posted July 7, 2011
ELFA Guide Studies Tech Trends for Equipment Finance Companies
According to the ELFA’s 2011 Software Guide, widespread IT modernization is expected in the equipment finance industry, thanks to lease accounting rule changes and the desire to reduce costs, increase efficiency and improve service.
Read more...Date Posted June 30, 2011
NEFA Releases First Mobile App for Funding Symposium
NEFA has launched a mobile specific website related to its upcoming 2011 Funding Symposium. The site, targeting smartphone and web-enabled mobile devices users, will provide up-to-the-minute conference information.
Read more...Date Posted June 27, 2011
Equipment Finance Industry Confidence Declines in June
According to the ELFA Foundation’s monthly confidence index for June 2011, overall, confidence in the equipment finance market is 52.6, down from the May index of 63.2.
Read more...Date Posted June 21, 2011
ELFA Urges Adoption of Risk Retention Framework
The Equipment Leasing and Finance Association said it has filed a comment letter on the Dodd-Frank credit risk retention NPRM with the SEC, the Department of Treasury, the Federal Reserve Board and the FDIC.
Read more...Date Posted June 9, 2011
NEFA Announces Symposium, Names Aasand Conference Chair
The National Equipment Finance Association announced its upcoming funding symposium and has named Tara Aasand of Great American Insurance as conference chair.
Read more...Date Posted June 6, 2011
United Rentals Partners With National Hispanic Construction Assn.
United Rentals announced a new partnership as an official sponsor of the National Hispanic Construction Association to support the association’s mission in providing educational, professional and technical resources to its members.
Read more...Date Posted May 27, 2011
ELFA Accepting Distinguished Service Nominations
The Equipment Leasing and Finance Association is accepting nominations for its Distinguished Service Award, which honors an individual who has made a significant contribution to the association and the equipment finance industry.
Read more...Date Posted May 10, 2011
Equipment Finance Professionals to Convene at ELFA Conference
The Equipment Leasing and Finance Association will host senior credit and collections professionals specializing in the equipment leasing and finance industry at the Credit & Collections Management Conference June 5-7 in Philadelphia.
Read more...Date Posted May 9, 2011
ELFA: 44% Y/Y Increase in March New Business Volume
The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for March was $6.2 billion, up 44% compared to the same period in 2010. Measured against February volume, March volume increased by 51%.
Read more...Date Posted April 26, 2011
NAELB Announces New Board Members, Other Board Changes
The National Association of Equipment Leasing Brokers (NAELB) announced the newest members of its board of directors at its annual conference held in Austin, TX earlier this month. Joining the board are Gary Greene, Pete Sawyer and Corey Bell.
Read more...Date Posted April 25, 2011
EF Industry Confidence Shows Y/Y Increase in April
Year-over-year confidence in the equipment finance market has increased significantly in April 2011, according to the Monthly Confidence Index for the Equipment Finance Industry released by the Equipment Leasing & Finance Foundation.
Read more...Date Posted April 21, 2011
Dubowick Named Truck Renting and Leasing Association Chair
Terence Dubowick was elected 2011-2012 chairman of the Truck Renting and Leasing Association. He is a national account manager for the Mack Leasing System and the Volvo Truck Leasing System.
Read more...Date Posted April 1, 2011
2011 National Equipment Finance Summit Well Attended
More than 110 attendees participated in the National Equipment Finance Summit held recently in Scottsdale, AZ, an increase from last year’s event.
Read more...Date Posted March 24, 2011
IMN/ELFA to Hold 10th Annual Investors’ Conference on Equipment Leasing & Finance
More than 130 investors and lease funding companies are confirmed to attend the 10th Annual Investors’ Conference on Equipment Finance – March 17th, 2011 – McGraw Hill Auditorium in New York City. In addition to the speaker line-up of senior-level industry experts, the IMN and ELFA are pleased to welcome three new additions to the [...]
Read more...Date Posted February 24, 2011
Arizona Equipment Leasing Association Has First Meeting
The Arizona Equipment Leasing Association (AZELA) had its first meeting in 2011 at the Starfire Country Club on February 17. There were 18 in attendance, representing members, brokers and funders, and visitors and potential members. During the meeting the attendees were made aware of proposed data security legislation, Arizona House Bill 2244 which would require [...]
Read more...Date Posted February 23, 2011
NEFA Summit: Carol to Address Business Use of Social Media
Susan Carol, a nationally accredited public relations professional who has specialized in equipment leasing and finance for more than 20 years, will speak at the NEFA National Equipment Finance Summit next month on how finance companies can integrate a social media strategy with business development and marketing objectives. Innovate, Inspire, Grow & Prosper is the [...]
Read more...Date Posted February 18, 2011
Industry Confidence Shows Continued Improvement, Reaches New High
The Equipment Leasing & Finance Foundation released the February 2011 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $521 billion equipment finance sector. Overall, confidence [...]
Read more...Date Posted February 18, 2011
NEFA Member Takes Openness to a New Level at Equipment Finance Summit
One session at NEFA’s upcoming National Equipment Finance Summit, in Scottsdale, Arizona, March 17-19, offers the ultimate in encouragement for brokers and lessors looking to build a solid balance sheet and a long-term business. In his 20th consecutive year of profitability, Bruce Winter, owner of FSG Leasing, will present a step-by-step history of how he [...]
Read more...Date Posted February 15, 2011
NEFA Summit to Preview Alta Group’s Report on Independents
The Alta Group’s David Wiener will present a preview of their report created for the Equipment Leasing and Finance Foundation, due out early spring, at The National Equipment Finance Association’s National Equipment Finance Summit, March 17-19, in Scottsdale, AZ. The report, The Place of Independents, will detail both projections and certain traits for this market [...]
Read more...Date Posted February 11, 2011
New President, Executive Director Named to Lead Equipment Leasing & Finance Foundation
The Equipment Leasing & Finance Foundation has named William G. Sutton, CAE, as its new president and Kelli Jones Nienaber as its new executive director. Sutton, who is currently President and CEO of the Equipment Leasing and Finance Association (ELFA), will retain that role and will also serve as president of the Foundation. The Foundation [...]
Read more...Date Posted February 11, 2011
NEFA Summit to Preview Alta Group’s Report on Independents
The Alta Group’s David Wiener will present a preview of their report created for the Equipment Leasing and Finance Foundation, due out early spring, at The National Equipment Finance Association’s National Equipment Finance Summit, March 17-19, in Scottsdale, AZ. The report, The Place of Independents, will detail both projections and certain traits for this market [...]
Read more...Date Posted February 11, 2011
New President, Executive Director Named to Lead Equipment Leasing & Finance Foundation
The Equipment Leasing & Finance Foundation has named William G. Sutton, CAE, as its new president and Kelli Jones Nienaber as its new executive director. Sutton, who is currently President and CEO of the Equipment Leasing and Finance Association (ELFA), will retain that role and will also serve as president of the Foundation. The Foundation [...]
Read more...Date Posted February 11, 2011
ATA President Applauds Commitment to Rebuilding Infrastructure
In a news release, American Trucking Associations President and CEO Bill Graves applauded President Obama for his commitment to rebuilding and renewing the country’s infrastructure, but called on his administration to live up to that commitment by proposing a robust surface transportation program with a strong focus on highways. “We agree with president Obama when [...]
Read more...Date Posted February 10, 2011
