ELFF Continues to Project Recession for 2023

The Equipment Leasing & Finance Foundation released the Q2/23 Equipment Leasing & Finance Industry Snapshot, an information resource for industry participants. The foundation projected the U.S. economy will enter a recession this year and grow by just 0.7%. read more

TBF Celebrates 25 Years as ELFA Member Company

TBF, a commercial debt acquisition company, reached 25 years of membership in the Equipment Leasing and Finance Association this year. read more

ELFA Releases Details About 2023 Legal Forum in Fort Myers, FL

The Equipment Leasing and Finance Association announced the agenda for its 2023 Legal Forum and recognized the members who are serving on the 2023 ELFA Legal Committee. The forum will be offered both in-person from May 7 to May 9 in Fort Myers, FL, and virtually at a special rate of $295. read more

NAFA Launches ESG Reporting Tool for Fleet Professionals

The NAFA Fleet Management Association (NAFA), a vehicle fleet industry association, launched ESGi, a new environmental, social and governance reporting offering for the fleet community. read more

ELFA Presents 5 Findings from Webinar on Fraud Detection and Prevention

The Equipment Leasing and Finance Association recently held a webinar covering types of fraud common in the equipment finance industry. The session was presented by Debbie Devassy Babu, Kristian Dolan and Jeffry Elliott. read more

Husain Khan, Secretary General of EBAA, Passes Away

Pete Bunce, president and CEO of the General Aviation Manufacturers Association (GAMA), released a statement concerning the recent passing of Athar Husain Khan, secretary general of the European Business Aviation Association (EBAA). read more

Petta to Retire as ELFA CEO and President at End of 2023

At a specially convened meeting of the Equipment Leasing and Finance Association board of directors, Bob Neagle, chair of the ELFA, announced Ralph Petta will retire as president and CEO of the association at the end of 2023. read more

Black Equipment Finance Network Holds Historic In-Person Networking Event at NEFA Summit

The Black Equipment Finance Network (BEFN) held its inaugural mixer at the National Equipment Finance Association's' recent Finance Summit, marking the group's first in-person event. read more

Government of Alberta Passes Amendments to Allow E-Chattel Paper

According to the Canadian Finance and Leasing Association (CFLA), the Government of Alberta tabled amendments that allow e-chattel paper under Bill 9 – Red Tape Reduction Statutes Amendment Act, 2023. Bill 9 passed its third reading in the Legislative Assembly of Alberta without amendments and will become law after receiving Royal Ascent. read more

February New Business Volume in Equipment Finance Rises 11% Y/Y

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25),  which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume in the equipment finance industry for February was $7.9 billion, up 11% year over year from their new business volume in February 2022. read more

California Disclosure Laws Cause 40% of Lenders to Avoid Smaller Deals

According to the Secured Finance Network, since new California disclosure rules were implemented in December 2022, 40% of respondents were found to be “no longer lending” to prospective borrowers who fall within the regulations’ threshold of less than $500,000.  read more

DataScan Joins ELFA

DataScan joined the Equipment Leasing and Finance Association, deepening its commitment to the equipment finance industry. As an ELFA member, DataScan can collaborate with fellow members to solve common challenges found in asset-based finance.  read more

FASB Names 7 New Members to Small Business Advisory Committee

The Financial Accounting Standards Board appointed seven new members to its small business advisory committee, effective immediately, including Jennifer Langer, chief accounting officer of Hyster Yale Materials Handling. read more

CFLA Survey: 54% of Equipment Finance Companies Expect NBV to Increase in 2023

According to the Canadian Finance and Leasing Association's latest Industry Business Confidence Survey, 54% of respondents expect new business volumes to increase in 2023. read more

ELFA Forecasts Construction & Machine Tools to Lead Equipment Sectors in 2023

According to the Equipment Leasing and Finance Association, construction, machine tools, medical, trucks/trailers and high technology/computers will be the leading equipment sectors for 2023 based on portfolio performance. read more

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