Associations

Chicago Freight Car Leasing Wins ELFA’s 2021 Ops and Tech Excellence Award

The Equipment Leasing and Finance Association awarded Chicago Freight Car Leasing, a Sasser family company, the 2021 Operations and Technology Excellence Award for its Rail360 platform. read more

Inovatec Joins the Canadian Lenders Association

Inovatec Systems, a provider of cloud-based loan origination, management and servicing solutions, joined the Canadian Lenders Association, which is comprised of more than 170 companies representing Canadian lenders. read more

ELFA: Equipment Finance Industry Logs 17% Y/Y Increase in New Business Volume in June

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.4 billion, up 17% year over year from new business volume in June 2020. read more

Trucking Industry Praises Introduction of the Modern, Clean, and Safe Trucks Act

The American Trucking Associations praised the introduction of the Modern, Clean, and Safe Trucks Act of 2021. The bipartisan legislation would repeal the 12% federal excise tax on heavy-duty trucks, which currently adds approximately $22,000 to the cost of a new tractor-trailer. read more

Equipment Finance Industry Confidence Up in July as Demand Surges; Inflation a Concern

The Equipment Leasing & Finance Foundation released the July 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 72.9, an increase from the June index of 71.3.   read more

Equipment Leasing & Finance Foundation Awards Scholarships for 2021-2022 Academic Year

The Equipment Leasing & Finance Foundation awarded scholarships through the Equipment Leasing & Finance Foundation Scholarship program to three students for the 2021-2022 academic year. read more

ELFA’s Survey of Equipment Finance Activity Reveals 7% Y/Y Decline in New Business Volume in 2020

According to Equipment Leasing and Finance Association’s 2021 Survey of Equipment Finance Activity, new business volume in the equipment finance industry decreased 7% year over year in 2020, marking the first time in a decade that businesses decreased their overall spending on capital equipment. read more

C2 Management Joins the National Equipment Finance Association

C2 Management, an asset disposition and recovery company, joined the National Equipment Finance Association. read more

ELFA Releases 2021 Software Guide

The Equipment Leasing and Finance Association released the 2021 ELFA Software Guide, showcasing leading software solutions for the equipment finance industry. read more

ELFF Forecasts 13.3% Expansion in Equipment/Software Investment in Outlook Update

According to the Q3/21 update to the Equipment Leasing and Finance Foundation’s 2021 Equipment Leasing & Finance U.S. Economic Outlook, annual equipment and software investment will grow 13.3% in 2021 and annual U.S. GDP growth for 2021 will increase by 6.1%. read more

CLFP Foundation Partners with TomorrowZone to Shape Future CLFP Candidate Experience

Last month, the Certified Lease & Finance Professional Foundation partnered with TomorrowZone on a session to shape the future CLFP candidate experience. The session yielded several ideas for the foundation to implement, including the reimagining of the Academy for Lease & Finance Professionals. read more

Crick Becomes First International President of the ASA from Outside the U.S.

The American Society of Appraisers named David Crick, managing director of DavAir Group, international president. Crick, who began his one-year term in the role on July 1, is the first ASA member from outside the United States to be named international president. read more

ELFA Opens Registration for 60th Annual Convention

Registration is now open for the Equipment Leasing and Finance Association’s 60th ELFA Annual Convention, which is scheduled to be held from Oct. 24 to Oct. 26 in San Antonio. For the first time, convention attendees will have the option to attend in-person or virtually. read more

ELFA Unveils Agenda for Emergence2021 LIVE!

The Equipment Leasing and Finance Association released a detailed agenda for Emergence2021 LIVE!, a virtual leadership program to be held on July 14 for emerging talent in the equipment finance industry. read more

FASB Appoints New Members to Emerging Issues Task Force

The Financial Accounting Standards Board appointed Jack Ciesielski and Brandon Coleman to its emerging issues task force. Ciesielski is a CPA and a CFA and the founder of R.G. Associates. Coleman is a partner in national office accounting and reporting services at Deloitte. read more

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