The Fed, FDIC, NCUA, OCC, CFPB and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach. read more
As the financial crisis and recession of 2008-2009 faded and the economic recovery lengthened, commercial banks and other financial institution “rediscovered” the equipment finance and leasing sector. This led to a flurry of M&A activity, and several independent players in... read more
The annual ELFA Lease and Finance Accounting Conference was held recently in Chicago, September 16-18. While it is well over three years since the new U.S. and international lease accounting standards, ASC 842 and IFRS 16, were issued, it is... read more
COVID-19 has presented the asset inspection space with a unique set of new and unfamiliar problems: the need to collect accurate data quickly, but without the use of traditional face to face methods. Cort Brady shares how Aspen Field Services has become creative with solutions for conducting collateral inspections, business verifications, and inventory audits amidst a climate of social distancing.