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Kamp Leaves CFO Position at Marlin Business Services

W. Taylor Kamp left his position as senior vice president and chief financial officer at Marlin Business Services. He will remain with Marlin as a consultant through the end of this year to assist in the transition. read more

Ally Exits Transportation EF to Focus on Core Business

Ally Financial decided to exit both the transportation equipment finance and RV commercial lines of business enabling a renewed focus on its core business operations. read more

SEC Charges 1 Global Capital, Former CEO with Defrauding Investors

The SEC announced charges against 1 Global Capital and its former CEO for allegedly defrauding at least 3,400 retail investors. read more

ORIX USA Completes Acquisition of NXT Capital

ORIX USA completed its acquisition of NXT Capital. The acquisition combines ORIX USA’s financial strength with NXT Capital’s proven ability to provide structured financing in the U.S. middle market. read more

People’s United Launches Commercial Banking Specialties

People's United Bank hired three senior industry specialists — John Dysart, Dave Dailey and Bruce Figueroa — to bolster its new finance verticals in Commercial Banking. read more

SEC Charges Moody’s With Control Failures, Ratings Deficiencies

The Securities and Exchange Commission announced Moody’s Investors Service agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and failing to clearly define and consistently apply credit rating symbols. This marks the first time the SEC has filed an enforcement action involving rating symbol deficiencies. read more

CIT Names Chief Underwriting Officer for Commercial Finance

CIT Group named Christopher M. McLaughlin chief underwriting officer for the company’s Commercial Finance division. read more

CLFP Foundation Adds 40 New CLFPs

The Certified Lease & Finance Professional Foundation announced 40 individuals successfully passed the 8-hour online CLFP exam during the months of July and August. read more

DLL Whitepaper Explores Organizational Elements of Refurbishment Business

DLL published a whitepaper that dove into the organizational implications of starting refurbishment business and deepened the understanding of its concept. read more

Bridge Funding Group Hires Three Equipment Leasing Specialists

Bridge Funding Group hired three new equipment leasing and finance specialists to help grow the company’s presence in the Northeast, Mid-Atlantic and Southeast regions. read more

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