Associations

Equipment Finance New Business Volume Rises 6% Y/Y in October

According to Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), new business volume in the equipment finance industry for October was $11.3 billion, up 6% year-over-year from new business volume in October 2021. read more

Equipment Finance Industry Confidence Eases Further in November

According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 43.7, a decrease from the October index of 45. The ELFF has reported a decrease in its confidence index in each of the last three months.  read more

NEFA Raises More Than $21K for Safe Haven Women’s Shelter

The National Equipment Finance Association hosted its first ever charitable event to support nonprofit work outside of equipment finance. Through this inaugural event held, the NEFA raised more than $21,000 for the Safe Haven women’s shelter in Nashville, TN. read more

ELFA Provides Resources for New California Disclosure Regulations Taking Effect Dec. 9

New commercial financing disclosure requirements will take effect in California on Dec. 9 and the Equipment Leasing and Finance Association is providing critical informational resources to help its members prepare.  read more

CFLA Outlook Projects 28% Decrease in New Business Volume in Next 6 Months

The Canadian Finance and Leasing Association released its Q3/22 and Q4/22 Industry Business Confidence survey results, reporting that 28% of respondents expect new business volumes to decrease and 60% expect overall margins to fall over the next six months. read more

ELFA Announces Upcoming Compensation Study Webinar on Nov. 16

The Equipment Leasing and Finance Association announced its upcoming webinar, “Compensation and Workforce Trends in Financial Services,” to take place on Nov. 16, 1-2 p.m. EST highlighting the 2022 ELFA compensation survey. read more

ELFA Recognizes The Alta’s Group’s 25-Year Membership

The Alta Group was recognized by the Equipment Leasing and Finance Association for marking a 25-year milestone in the association that represents a $1 trillion financial services sector. read more

Black Equipment Finance Network Announces Formation

The Black Equipment Finance Network (BEFN) announced its formation as an organization tasked with increasing and elevating the participation of black equipment finance professionals in the industry. read more

Equipment Finance New Business Volume in September Up 11% Y/Y

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), new business volume for September was $10.2 billion, up 11% year over year from new business volume in September 2021. read more

American Trucking Association: Driver Shortage Remains High

American Trucking Associations calculated the driver shortage has eased slightly but remains near its all-time high. read more

Gavrilov Named to ELFA Equity Committee & Legal Resources Subcommittee

Moritt Hock & Hamroff announced that Julia Gavrilov, a partner of the firm, was named a member of the Equipment Leasing & Finance Association's Equity Committee and a member of its legal resources subcommittee. read more

ELFA Announces New Board of Directors, Neagle to Serve as Board Chair

The Equipment Leasing and Finance Association announced its new board of directors, with Robert Neagle, president and CEO of Finova Capital, named the new ELFA board chair and Robert Boyer, CLFP, president of First Commonwealth Equipment Finance, now chair-elect. read more

ELFA Inducts Jester into Equipment Finance Hall of Fame

The Equipment Leasing and Finance Association named Valerie Hayes Jester to the 2022 Class of the Equipment Finance Hall of Fame. read more

ELFA Announces Bank BCSC as Winner of Advocacy Champions Award

The Equipment Leasing and Finance Association's Bank Business Council Steering Committee (BCSC) won the Advocacy Champions Award for 2022 from the ELFA. read more

Pathward Wins 2022 Community Commitment Award

The American Bankers Association Foundation named Pathward, formerly known as MetaBank, the winner of its 2022 Community Commitment Award and presented the award to Pathward during the ABA’s Annual Convention on Oct. 4 in Austin, TX. read more

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Terry Mulreany
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