Associations

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Terry Mulreany
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