Today’s News

ELFA Releases Results of Business Council Steering Committee Elections

The Equipment Leasing and Finance Association has announced the results of the association’s September 2019 Business Council Steering Committee elections. read more

Fisher to Join Wells Fargo, Modjtabai to Retire from PVSI Group

Ray Fisher will become the head of Wells Fargo’s Cards, Retail and Merchant Services group. In March 2020, Avid Modjtabai will retire from the bank’s PVSI group. read more

MH&H Launches New Resource for EF, Secured Lending Sectors

Moritt Hock & Hamroff‘s Secured Lending, Equipment & Transportation Finance practice has created a blog featuring posts that provide timely insights on many legal issues facing these industries. read more

Ritchie Bros. Marketplace-E Surpasses $500MM in Sales

Ritchie Bros.’s Marketplace-E, an online sales solution serving the construction, transportation, agriculture, energy, government and other industries, surpassed $500 million in gross transaction value. read more

ACT: Preliminary Used Class 8 Volumes Spike M/M, Down 17% YTD

Preliminary used Class 8 volumes (same dealer sales) grew 42% month-over-month and 6% year-over-year in October, while year-to-date preliminary volumes dropped 17%, according to ACT Research. read more

CIT Group Invites Small Biz Partners to Help Feed America

CIT Group, in partnership with Feeding America, launched its second annual One Million Meals campaign to fight hunger this holiday season. read more

AerCap, EGYPTAIR Sign Lease Agreement for Two Boeing 787-9s

AerCap and EGYPTAIR have executed long-term operating leases for two Boeing 787-9 aircraft, with the first unit scheduled to deliver in 2021 and the second unit in 2022. read more

Crestmark Promotes Trendell to Business Development Officer

Crestmark appointed John Trendell II to a business development officer role. Trendell is based in Troy, MI and will report to James Farrell, senior vice president, sales manager. read more

OCC Approves CIT Acquisition of Mutual of Omaha Bank

The Office of the Comptroller of the Currency has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group's banking subsidiary, CIT Bank. read more

Alta Group Director Releases New Lease Accounting Textbook

Shawn Halladay, managing director of the Professional Development Practice at The Alta Group, has released a new textbook on lease accounting, Accounting for Leases: Embracing the New Paradigm. read more

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