The National Equipment Finance Association mourns the loss of life, and we extend our sincere condolences to Mr. Floyd’s family and to all Americans who are reeling with the pain of this tragedy.
Racism and intolerance are widespread in America’s history and our culture, and the time is now for us all to work together toward abolishing these injustices. We urge all NEFA members to pledge to do everything in our individual and collective power to end systemic racism and strive to achieve equality for all.
We all have a crucial responsibility to engage in the long-term work to acknowledge these barriers and actively work to counteract them. Therefore, it is imperative that we keep this conversation active and work together to create a society where all people are equal and racial injustices are no longer tolerated.
Equipment leasing and financing companies play a vital role in the U.S. economy by providing businesses of all sizes with much-needed financing options for acquisitions of equipment used in their business operations. As the COVID-19 pandemic has effectively shut down... read more
When the COVID shutdown began, most lenders issued moratoriums on repossession activity and began issuing payment deferrals to customers on a large scale. Several states also issued executive orders reducing or eliminating a lender’s ability to enforce their security interests... read more