Associations

ELFA Urges Congress to Overturn Section 1071 of Dodd-Frank Act

In a letter to the U.S. House Financial Services Committee, the Equipment Leasing and Finance Association called for Section 1071 of the Dodd-Frank Act to be overturned. read more

ELFA Releases 2023 Software Guide for Equipment Finance Industry

The increasing reliance on technology by equipment finance companies makes investment in software solutions a critical consideration. To assist in the decision-making process, the Equipment Leasing and Finance Association released its 2023 Software Guide. read more

NEFA’s Education Committee Commences Masterclass Series on Credit

The National Equipment Finance Association's education committee presented the first module of the NEFA Masterclass Series: Credit on July 19. The module was presented by Bob Rinaldi, CLFP, president of Rinaldi Advisory Services, and had nearly 200 registrants. read more

ELFA Reports Equipment Finance New Business Volume Up 6% Y/Y in June

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for June was $10.9 billion, up 6% year over year from new business volume in June 2022 and up 15% from $9.5 billion in May. read more

Equipment Leasing & Finance Foundation Announces Scholarship Award Winners

The Equipment Leasing & Finance Foundation announced the five student recipients of The Equipment Leasing & Finance Foundation Scholarship. Each student will receive a scholarship of $5,000 for the 2023-2024 academic year. read more

ELFA’s Engage App Reaches New Milestone of 2K Users

The Equipment Leasing and Finance Association’s Engage app — a mobile hub for events, news and networking in the equipment finance community — has reached a new milestone of 2,000 users. read more

Trucking Industry Moved More Than 11.4B Tons of Freight in 2022, Generating $940.8B

According to the latest edition of American Trucking Associations’ American Trucking Trends 2023 report, trucks moved more than 11.4 billion tons of freight in 2022, generating more than $940 billion, which were both increases from 2021. read more

Confidence in Equipment Finance Market Increases in July

According to the Equipment Leasing & Finance Foundation‘s July 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) , overall confidence in the equipment finance market is 46.4, an increase from the June index of 44.1. read more

ELFA Webinar Details Info About NY’s Commercial Financing Disclosure Laws Taking Effect Aug. 1

The Equipment Leasing and Finance Association held a webinar on July 12 to educate members on new commercial financing disclosure laws taking effect in New York on Aug. 1 and their impact on the commercial equipment leasing and finance sector. read more

ELFA Survey Reports 6.3% Increase in New Business Volume in Equipment Finance in 2022

The equipment industry increased new business volume by 6.3% in 2022, according to the 2023 Survey of Equipment Finance Activity (SEFA) from the Equipment Leasing and Finance Association. This result is a modest decrease from the industry’s growth of 7.4% in 2021. read more

GAMA Adds 5 New Member Companies

The General Aviation Manufacturers Association added Aviation Partners, Enstrom Helicopter Corporation, HCL America and SmartSky Networks as member companies and Siemens Smart Infrastructure as an associate member. read more

Key Takeaways from Recent ELFA Webinar About Section 1071 Compliance

The Equipment Leasing and Finance Association recently held a webinar titled, “Section 1071: It WILL Affect Your Operation – Here’s How, and What You Can Do to Prepare,” covering how to prepare for compliance with the rules and reporting requirements of Section 1071 of the Dodd-Frank Act. read more

ELFA Opens Registration for 62nd Annual Convention

The Equipment Leasing and Finance Association opened registration for its 62nd ELFA Annual Convention, which will be held Oct. 22 to Oct. 24 at the JW Marriott Phoenix Desert Ridge in Phoenix. The early-bird registration deadline for the event is Aug. 11. read more

NEFA Appoints Nominating Committee

In accordance with the bylaws of the National Equipment Finance Association, Jim Jackson of The Alta Group, the association's immediate past president and board chairperson, appointed a nominating committee consisting of both regular and services members. read more

NEFA Aims to Add Companies During Summer Membership Drive

The National Equipment Finance Association is holding a summer membership drive as it seeks independent equipment finance companies looking to build their balance sheets. The NEFA's goal is to add at least 50 new broker/lessor companies by the end of the year.  read more

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