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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

kitmenkin@leasingnews.org
   


 

Wednesday, January 3, 2018

Today's Equipment Leasing Headlines

  Deborah Monosson
   Leasing Person of the Year 2017
President and CEO, Boston Financial & Equity Corp.
Job Wanted – Senior Management
   Work Remotely  
Top Stories -- December 28
  (Opened Most by Readers)
New Hires/Promotions in the Leasing Business
   and Related Industries
Worst Responses to Questions in Interviews
    Recruiter Hal T. Horowitz Speaks Out
Will 2018 Be a Special Year?
  By Sean Murray, Chief Editor/Publisher at deBanked.com
Court Holds Debt Settlement and Bankruptcy
Consultants Liable for Unauthorized Practice of Law
   By Tom McCurnin, Leasing News Legal Editor
AuctionTime.com Sells Record-Breaking $46 Million
   In Equipment in Its Final Sale of the Year
NACM’s CMI Continues Up and Down Trend
   "With any bad news there is always good"
Star Wars: The Last Jedi/Molly's Game/
Get Out/Person to Person/Election
 Film/Digital Reviews by Leasing News' Fernando Croce 
Alaskan Husky
  San Clemente, California  Adopt-a-Dog
Credit Position Wanted
  Seattle, WA – Will Work Remotely
News Briefs--- 
People are ditching Subway, franchisees expect a wave
   of store closures  — here's what went wrong
Goldman Takes One-Time $5 Billion Hit From New U.S. Tax Law
   mainly stems from taxation of earnings held abroad
China Aircraft Leasing buys 50 Airbus A320neo series
  for $5.4 billion -- Mfg. in Mobile, Alabama
Florida's Medical Marijuana Industry Is Losing Its Bank
   But Others Are Stepping In
How a Maryland bank is quietly solving
  the marijuana industry’s cash problem
Apple apologizes for slowing iPhones
  cuts price of battery replacement as lawsuits pile up
Peter Thiel’s firm owns ‘hundreds of millions’ in bitcoin
  and is Buying More

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

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[headlines]

--------------------------------------------------------------

Deborah Monosson
Leasing Person of the Year 2017
President and CEO, Boston Financial & Equity Corp.


(photo courtesy of Boston Herald)

The recognition is for her past achievements as well as her leadership in promoting women and recognizing women for executive positions  in the bank, finance, and leasing industries. Leasing News named her previously as one of the top 25 most influential women in the leasing business. She is a role model for women in executive positions, active on the Boards at the Equipment Leasing and Finance Association, Equipment Leasing and Finance Foundation, first female Chairperson of the Commercial Finance Association, also attending and participating in many other associations ; serving on many committees, very active and outspoken. She also finds time to operate a very successful company.

"She joined her father’s company in 1989 after a stint with what she describes as a poorly run software company that competed against Lotus Development Corp. and its 1-2-3 spreadsheet program.

"The small commission checks at Boston Financial & Equity didn’t deter Monosson, though. She learned how to network with venture capitalists to build her company’s portfolio of clients. And in 2000, she took over the business her late father started in the late 1960s."
https://www.bizjournals.com/boston/stories/2009/05/11/story5.html?b=1242014400%255E1825253

She is active as a volunteer for Domestic Violence programs, Dress for Success Boston, Volunteer Executive, Skidmore College.

She has an MBA, Marketing & Finance, Boston University, School of Management. Graduated from Skidmore College, BS, Business.


[headlines]

--------------------------------------------------------------

Job Wanted – Senior Management
 Work Remotely  

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry. These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Senior Management
Offering support in Europe to US based financial institutions and captives

  • >30 years of international experience
  • Remote Advisory/Consultancy/Interim/Project Management services
  • Huge network in the financial industry
  • Fluent in Dutch, English, French, German
  • https://nl.linkedin.com/in/fransjansen

frans.jansen@leasingservices.nl

 


[headlines]
--------------------------------------------------------------

Top Stories -- December 28
(Opened Most by Readers)

(1) Chairman and CEO LEAF Commercial Capital
          House up for Sale in Pennsylvania
http://leasingnews.org/archives/Dec2017/12_28.htm#chairman

(2) Section 179 Increases to $1 Million Retroactive to 9/27/2017
    Bonus Depreciation Extended through 2027
http://leasingnews.org/archives/Dec2017/12_28.htm#section

(3) $50 Million Ponzi Scheme in San Jose, California
   Pleads Guilty to One Mail Fraud Count
http://leasingnews.org/archives/Dec2017/12_28.htm#ponzi

(4) New Hires/Promotions in the Leasing Business
        and Related Industries
http://leasingnews.org/archives/Dec2017/12_28.htm#hires

(5) Employers, Are You Counting Candles
          on Employees Birthday Cakes?
http://leasingnews.org/archives/Dec2017/12_28.htm#employers

(6) Corporations Potential Tax Cuts Under New Tax Laws
     Partial Listing
http://leasingnews.org/archives/Dec2017/12_28.htm#cuts

(7) Financing Options for New & Existing Cannabis Businesses
       Cannabisnow.com
https://cannabisnow.com/financing-options-new-existing-cannabis-businesses/

 

Bookmark Leasing News


[headlines]
--------------------------------------------------------------

New Hires/Promotions in the Leasing Business
and Related Industries

 


Thomas Coveney was hired as Regional Vice President, Blue Street Capital, Huntington Beach, California.  He is located in the Greater Boston Area. He will "lead new business and account management initiatives in the Northeast, including New York, New Jersey and New England. Additionally, Coveney and the Blue Street team will identify new technology vendor relationships and grow and expand its current vendor partnerships throughout the Northeast." Previously, he was Managing Director, Monroe Credit Advisors (November, 2009 - January, 2018); Vice President, New Business Development, CoActive Capital/Marubeni Corporation (August, 2008 - November, 2009); Vice President, De Lage Landen Financial Services (1999 - 2008); Vice President, New Business Development, Bank of Boston Leasing (August, 1993 - August, 1999); Senior Account Executive, IBM Corporation (1980 - 1989). Education: College of the Holy Cross, AB, Political Science and Government (1976 - 1980). Xaverian Brothers High School. Doctorate, Political Science and Government (1976); Xaverian Brothers High School. General, Business/Managerial Economics (1973 -1976). https://www.linkedin.com/in/thomas-coveney-82b47724/


Kristopher E. Dunlap formed his own company Urban Warrior.Fit, LLC, Milwaukie, Oregon.  Previously, he was Vice President, Regional Sales Manager, Sumitomo Mitsui Finance and Leasing Co., Ltd. (December, 2014 - December, 2017). He joined GE Capital, January, 2012, Program Management, Lease Sales Representative; promoted August, 2012, VP, National Account Manager (Western Region). Prior, he was Senior Program Director, Evanta (December, 2009 - December, 2011); Account Executive, De Lage Landen (January, 2008 - December, 2009). He joined Citigroup, 2002, as Collections Administration Officer, VP; promoted January, 2006, Business Development Manager, VP. Assistant Vice President, CitiCapital (Citigroup) fka Copelco Capital (January, 1999 - January, 2002); Reserve Police Sergeant, Portland Police Bureau (January, 1994 - January, 2002); Operations Supervisor, nations Credit (Bank of America) (January, 1996 - January, 1998); Sergeant E-F, U.S. Army National Guard Military Police (January, 1990 - January, 1998). Volunteer: Children's Cancer Association (January, 1997 - December, 1999). Vice Chair, March of Dimes (Dallas County) (January, 2003 - January, 2006); Vice Chair, United Way of America (Dallas County) (January, 2003 - January, 2006). Education: George Fox University, Bachelor of Arts, Management and Organizational Leadership (1999 - 2001); Portland Community College, Associates, Psychology (1990 -1999). Beaverton High School.https://www.linkedin.com/in/kristopherernestdunlap/


Cindy Early was promoted to Chief Operations Officer, Quail Financial Solutions (Quail Capital), Bellingham, Washington Area. She joined the firm March, 2008 and worked her way up the ladder.  Previously, she was Lease Administrator, Columbia Bank (September, 2004 - May, 2006); Member Service Representative, North Coast Credit Union (September, 2002 - August, 2004) Education: Pacific Lutheran University, BA, Humanities/Greek (1996 - 2000). Activities and Societies: Undergraduate Fellowship.  Summa cum Laude.
https://www.linkedin.com/in/cindy-early-9b4a121b/ 


Frans Jansen has returned as Independent Business Owner, Leasing Services, a trading name of Allied Leasing, B.V., est. 1988, Utrecht Area, Netherlands. Previously, he was Vice President, Doosan Financial Solutions EMEA, Doosan Infracore (October, 2009 - December, 2007); Managing Director, Leasing Services (June, 2006 - October, 2009); Managing Director, Siemens Lease B.V. (September, 2005 - June, 2006); Senior Management Consultant/Interim Manager, Siemens Financial Services (March, 2002 - September, 2005); Director Business Development, Europe, Heller Global Vendor Finance (part of Heller Financial, Inc.) (April, 1999 - March, 2002); Director, European Vendor Programs, AT&T Capital (October, 1996 - November, 1998); Management Consultant, BNP Finance (April, 1988 - October, 1991); Managing Director, Chase NCB Lease (January, 1987 - March 1988); General Manager, Svenska Finance (September, 1985 - January, 1987); Finance Director, Econocom (known as ECS when I worked there) (August, 1984 - September, 185); Marketing Manager, Amstel Lease. Education: Instituut Sociale Wetenschappen (Institute of Social Science) Post Graduate Study in economics (1975 - 1979).
https://www.linkedin.com/in/fransjansen/


Jamie Mathews was hired as Senior Financial Solutions Specialist, CIT.  She is located in Orange Park, Florida. Previously, she was Collector, Diversified Consultants, Inc., (July, 2017-November, 2017); Customer Service Manager, CIT (June, 2005 - April, 2016).
https://www.linkedin.com/in/jamie-mathews-10863bb2/ 


Michael McGinley was hired as Vice President of Litigation and Recovery, PNC, Horsham, Pennsylvania. Previously, he was Vice-President of Collections, Univest Bank and Trust Company (January, 2010 - January, 2018); VP, Equipment Leasing, First National Bank of Chester County (December, 2008 - December, 2009); Sr. VP, Accounting Services, Marlin Business Services (January, 2002 - November, 2008). Volunteer, Habit for Humanity (October, 2011 - Present). Education: Widener University, MBA, Finance, 3.45 GPA (1979 - 1983). Activities and Societies: Pi Gamma Delta Fraternity University of PA Rugby Club.
https://www.linkedin.com/in/mikemcgin27


Michael Mehosky was hired as Senior vice President, Sales, People's United Bank, Burlington, Vermont. He is located in Bridgeport, Connecticut.  Previously he was at Siemens Financial Services, starting July 2013, as Vice President, Capital Markets; promoted October, 2016, Sales Manager & Head of Capital Markets; Senior Vice President, Intermediary Funding, GE Capital (March, 2012 - July, 2013); Relationship Manger, M&T Bank (March, 2009 - February, 2012); Vice President, GE Capital (May, 2005 -  December, 2008); Assistant Vice President, MBNA (February, 1995 - April, 2005). Education: West Virginia University, Secondary Education, History & Economics (1991 - 1994). Activities and Societies: Member of Phi Sigma Kappa Fraternity.  North East High School (1988 - 1990).
https://www.linkedin.com/in/michael-mehosky-0727854a/


Carol Roberts was hired as Director and Chair at the Leasing Foundation, Leeds, United Kingdom.  Previously, she was Managing Director, Bibby Leasing Limited (January, 2004 - December, 2017); Director, Leeds Group PLc (September, 2004 - October, 2005); Managing Director/Structured Leader, GE Capital (June, 1988 - January, 2000). Honor & Qes: European CEO of the Year, The Leasing Foundation. https://www.linkedin.com/in/carol-roberts-58392212/


[headlines]
--------------------------------------------------------------

Worst Responses to Questions in Interviews
Recruiter Hal T. Horowitz Speaks Out

(Hal says these are true responses from clients and recruiters,
several recent, he notes. Editor)

I was prompted by a recent item I read on lame excuses for missing work to think back over some of the worst of the worst responses to questions I asked when vetting candidates, obtaining job searches or debriefing interviews. Caveat:These are not meant as good examples. 

  • Vetting a candidate: As it applies to your job, where do you see yourself as being weak?

Response: My worst weakness is that I often think I can do more so I take on more. As a result, I’ve missed deadlines, caused reports to get out late, I even got someone fired once, because I blamed a major delay on her.

  • Debriefing a candidate following an interview for a credit manager: How did you like the company? Think you can work for them?

I think I could accomplish a lot there. I even told [the hiring manager] that his department looked like it needs new software, and that he has some weak people in some key positions that should be replaced. When he asked me which ones, I said, him, for one.

  • Debriefing a hiring manager trying to hire a leasing rep: First question, what did you think of him?

I told him we can’t use him. If I want to put someone who swears like a f*****g sailor in front of our customers, I’d do the job myself.

  • Attempting to find out why a candidate missed an interview without notifying me or the company.

I locked my keys and phone in the car. 

  • Asking why a chief credit officer let my candidate sit in an empty conference room for an hour and then left the office without saying anything.

I forgot, but it doesn’t matter. If he wants the job, he’ll come back for the interview.  If he doesn’t want it, find us someone else. We don’t need someone who’s going to complain and create a negative environment.

  • Trying to assess a candidate’s need for coaching: You’ve had seven interviews this year, so why do you think you haven’t been invited back for any second rounds?

I think most employers discriminate against people who lie on their résumés.

  • Hiring manager interviewing a candidate:  Do you have any questions?

Yes. (Pulls out and unfolds a sheet of paper, then reads non-stop.) Why do you like working for this company? What is the one thing you want me to accomplish the most? How can I make your job easier? And where do we go from here?

And finally.

  • This time debriefing a candidate who interviewed for a position as a portfolio manager for a bank: What was your first impression?

I don’t think it’s the right position for me. The second guy I met said the company is overly micromanaged and more than that, he said there were some things going on there that hadn’t gotten out yet.

Follow up question: Like what?

Well he wasn’t specific, but he said the bank is probably going to be under an order by the end of the year and be a takeover target if it expects to survive.

You may laugh at the absurdity of these responses, but let me tell you, they’re real, and there are more that are as equally inane or worse. Ask any recruiter.

Like lenders and financers, we have our own horror stories, and like you, at those moments, we’re not laughing. We’re cringing and probably using some colorful language of our own.

We’ve fired candidates and clients because there are people out there who just don’t get it. But most of you looking for jobs or trying to fill slots for your firms do get it. You are dedicated to your trade, your industry and your search, and you have the technical skills to do your job. A major difference between you and them is in how you communicate that to others.

Here’s my 9 cents worth: Candidates, from the moment you pull into your interviewer’s parking lot until you pull out you need to be at the top of your game.

Hiring managers, if you don’t have the skills to engage a candidate, or the confidence that your company has something to offer, step out of the hiring loop. 

Happy 2018, everyone.

Hal T. Horowitz
Financial Pro Solutions
Executive recruitment serving financial professionals
Career coaching & professional résumé writing services & interview preparation
Phone: 818-347-FINA (347-3462)
Cell: 818-730-0645
Email: halh@finapros.com
Website: www.finapros.com
Twitter:  @finapros

Recruiter Hal T. Horwitz Speaks Out
http://www.leasingnews.org/Conscious-Top%20Stories/recuiter_hh.htm

 

 

[headlines]
--------------------------------------------------------------

2018 is going to be different, in a good way. That’s word on the street in the alternative finance industry, many of whom have told me that it’s just something they feel.

I feel it too. The S&P 500 is at an all-time high, Bitcoin is up more than 1,400% for the year, lenders are lending in full force, and on top of it all, Donald Trump is president. The world is changing and from a one thousand foot view, it’s an exciting time for finance.

2018 will welcome Broker Fair, the inaugural conference for MCA and business loan brokers.

2018 will transform alternative finance into just finance. For example, a mailer I received from PayPal advertising a small business loan up to $500,000 in as quick as 1 business day, included a letter signed by a top manager of Swift Capital. PayPal acquired Swift in 2017. Yesterday’s alternative loan is simply today’s loan. The one-day small business loan is becoming normalized and being offered by widely recognized financial companies.

Ripple surpassed Ethereum this morning to become the 2nd largest cryptocurrency by market cap. Cryptocurrency, once the domain of Bitcoin-obsessed internet anarchists, is quickly being adopted by the world’s largest banks.

It’s one thing to just talk about innovations in finance and another to realize that you now rely on those innovations. My company got a loan from Square, I got insurance through CoverWallet, I have funds in Lending Club, Prosper, Bitcoin, Ethereum, and Bitcoin Cash. Coinbase is the new etrade. MCA and online business loans are the new community banks. Payments can be made instantly and cost effectively.

2018 will be special because the world that we predicted would come, has come. That means it will be time to think about what will come even next. Online lending has come, instant payments have come, and cryptocurrency is fast approaching. What will be the cool edgy hip thing in the ’20s that we may once again refer to as alternative? Mull that one over for a bit and consider that in the next decade the sexy FinTech companies of the 20-teens will be stodgy financial institutions in the 2020s. This decade’s innovation will become part of the boring normal manner in which finance is transacted.

That’s a fact.

Enjoy 2018. I know I will.
Happy New Year,
– Sean

 

[headlines]
--------------------------------------------------------------

Court Holds Debt Settlement and Bankruptcy
Consultants Liable for Unauthorized Practice of Law

By Tom McCurnin
Leasing News Legal Editor

Once Debt Adjustment Groups Get In the Picture, Collection Becomes Complicated. This Case May Provide Equipment Lessors with Some Relief

Farinash v. UpRight Law, LLC (In re Elrod), 2017 Bankr. LEXIS 3911 (E.D. Tenn 2017).

Most back end officers of equipment lessors know this scenario well. The lessor has a customer which is in default and possibly heading toward litigation. After demand, but before litigation is ensued, the collections department receives a letter from a debt adjustment company. The debt adjustment company has signed a contract with the customer and is now negotiating for pennies on the dollars. 

Some of these outfits actually defend the customer in court, hiring local lawyers to drive the litigation costs up, while holding out the olive branch of a cheap settlement. Other groups write posturing letters threatening bankruptcy. 

What can a creditor do? A Tennessee bankruptcy court may provide some ammunition for the equipment lessor by holding that these outfits engage in the unauthorized practice of law. While not a perfect case, it does provide some insight into the bottom feeding industry. The facts follow. 

Barry Elrod contacted “UpRight Law” via telephone relative to a foreclosure on his Tennessee home.  The foreclosure was four months away. The borrower spoke with a Mr. Smith, a “Senior Consultant” with UpRight Law, who advised him of his rights and generally sold the borrower one of the great legal commodities—fear. All communications were apparently tape-recorded. 

UpRight Law collected a fee in the sum of $2,060 and discussed future fees of $1,250. Mr. Smith promised to assign the matter to “some local attorneys.” Smith advised the borrower of his rights to get a repossessed automobile back. Ultimately, an attorney was assigned to represent the borrower but backed out. Another lawyer took the case on but it was filed very close to the foreclosure deadline.

At the first meeting of creditors, the borrower testified as to the conversations with UpRight Law and Mr. Smith. The bankruptcy trustee, claiming that Mr. Smith engaged in the unauthorized practice of law, filed an adversary action against UpRight Law and Mr. Smith for unauthorized practice of law and negligence. 

The trustee alleged that Mr. Smith: (1) negotiated the fee for the representation of the Elrods; (2) advised the Elrods as to what chapter of the Bankruptcy Code under which they should seek relief; (3) advised the Elrods that they could not regain possession of the Jeep that had been repossessed; (4) advised the Elrods what the amount of their chapter 13 payment would be [Id. at ¶ 12(j)]; (5) advising the Elrods not to pay $1,000 to their mortgage company to stop the pending foreclosure [Id. at ¶ 12(i)]; (6) advising the Elrods that their house was not up for sale [Id.]; and (7) advising the Elrods how long the bankruptcy would stay on their credit report [Id. at ¶ 12(s)].

Smith moved to dismiss. 

The Court denied the motion to dismiss, holding that the allegations of the complaint set forth a valid cause of action—e.g., unauthorized practice of law by a non-lawyer. In addition, the alleged statements made constituted legal advice, not merely filling out a form and were inaccurate. Those statements, if actually made, could be negligent. 

What are the takeaways here?

First, Debt Adjustment Firms Engage in the Unauthorized Practice of Law. Unless the borrower is actually speaking with a lawyer licensed to practice in the state where the borrower lives, those communications if in the form of legal advice, are subject to claims of professional negligence and the tort of unauthorized practice of law. Sadly, the cause of action probably belongs to the borrower, not the creditor. 

• Second, Creditors May Be Able to Scare the Debt Adjustment Companies Away. When they call, the creditor should confirm that the person is not a lawyer, or if the person is a lawyer, not a lawyer in the state where the customer or the creditor is located. Elevate the call to a senior collection guy at the creditor’s office and politely inform the debt adjustment company representative that you believe he is engaging in the unauthorized practice of law and you intend to report him to the office of the attorney general and the state bar. Maybe this will scare him off. 

• Third, Advise Your Customer That These Guys Are Bottom Feeders. As set forth in this case, the debt adjustment companies rarely work for the benefit of the customer, and often dispense incorrect legal advice. If the customer wants to negotiate a settlement, elevate the call to an experienced collector and hopefully both sides can compromise and resolve the dispute. 

The bottom line to this case is that this debt adjustment company and its consultant just got busted for doing what we’ve all known has been going on for years—the unauthorized practice of law.  While the claim belongs to the customer, not the creditor, perhaps a savvy creditor can use this case to the creditor’s advantage and scare these guys off. 

Farinash v. UpRight Law  (17 pages)
http://leasingnews.org/PDF/FarinashvUpRight2017.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

 

[headlines]
--------------------------------------------------------------

##### Press Release ############################

AuctionTime.com Sells Record-Breaking $46 Million
In Equipment in Its Final Sale of the Year


LINCOLN, Neb.,  -- AuctionTime.com set a new record for gross auction proceeds in its final online only auction for 2017. The sale concluded Thursday, and included over 3,600 assets; items received bids from over 9,800 bidders across all 50 U.S. states and 40 other countries worldwide.

Auctions are held every week on AuctionTime.com, which includes hundreds of thousands of active listings for upcoming auction items from qualified sellers around the world. New auction listings are added constantly, and bidding is easy with free bidder registration, no buyer fees, and no hidden reserves. Auctioneers interested in leveraging the platform can contact AuctionTime directly:

www.auctiontme.com

 

(Leasing News Equipment OnLine Auctions
http://leasingnews.org/Pages/auctions.html )

### Press Release ############################


[headlines]
--------------------------------------------------------------

### Press Release ############################

NACM’s CMI Continues Up and Down Trend
"With any bad news there is always good"

The swing of the pendulum continued in the December Credit Managers’ Index (CMI) from NACM, and it is headed in the wrong direction as credit professionals prepare for a final holiday rush. After breaking a more than three-year-long record in November, the December CMI has reversed course with its combined reading of 54.2, down from 56.6 in November.


Chris Kuehl, Ph.D.
NACM Economist

“In November, the sense was that real progress was ahead and many people have been speaking of 2018 with great expectations,” said NACM Economist Chris Kuehl, Ph.D. “It may yet work out that way. This month may be written off as an anomaly, but it may also signal that some of those weaknesses that had been warned about are manifesting.”

Most of the reversal was within the favorable categories, which saw a large drop off and fell out of the 60s for the first time since last December. The favorable factors index is at 59.4 after a more than six-point drop in December. All favorable factors—sales, new credit applications, dollar collections and amount of credit extended—in the combined and manufacturing and service sectors saw a decline this month. The favorable categories have been near record levels for much of 2017, so even with the large drop, the overall score is comfortably in expansion territory.

With the bad comes the good. The combined index of unfavorable factors stayed in expansion (above 50) for the fifth straight month and increased in December. A reading of more than 50 indicates economic growth, and the opposite is true when the number is under 50. Overall, credit application rejections, accounts placed for collection and bankruptcy filings saw only minor declines this month. Disputes, dollar amount beyond terms and dollar amount of customer deductions all edged closer to the expansion zone.

For a complete breakdown of the manufacturing and service sector data and graphics, view the December 2017 report at http://web.nacm.org/CMI/PDF/CMIcurrent.pdf. CMI archives may also be viewed on NACM’s website at http://www.nacm.org/cmi/cmi-archive.html.

ABOUT THE NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
NACM, headquartered in Columbia, MD, supports more than 13,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of affiliated associations are the leading resource for credit and financial management information, education, products and services designed to improve the management of business credit and accounts receivable. NACM’s collective voice has influenced federal legislative policy results concerning commercial business and trade credit to our nation’s policy makers for more than 100 years, and continues to play an active part in legislative issues pertaining to business credit and corporate bankruptcy. NACM's annual Credit Congress & Exposition conference is the largest gathering of credit professionals in the world.

#### Press Release #############################

 

 


[headlines]
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Fernando's View
By Fernando F. Croce

A bold sci-fi opus (“Star Wars: The Last Jedi”) and a crackling true-life drama “Molly’s Game”) come to theaters, while DVD releases include a deft horror-comedy (“Get Out”), a charming slice-of-life (“Person to Person”), and a corrosive satire (“Election”).

In theaters:

Star Wars: The Last Jedi (The Walt Disney Studios): The “Star Wars” franchise takes quite an intriguing turn in the bold and terrific latest chapter, which picks up where “The Force Awakens” left off. When last seen, tough and rebellious Rey (Daisy Ridley) had tracked down Luke Skywalker (Mark Hamill) to get him to join the Resistance’s struggle against the sinister Kylo Ren (Adam Driver). Having long grown alienated from friends and events, the veteran Jedi must fight through his bitterness to see the Force’s potential in the young heroine. Meanwhile, Princess Leia (Carrie Fisher) has her own hands full with Kylo’s attacks. What makes this a first-rate entry in the wildly successful series is the visual creativity and emotional intensity that gifted director Rian Johnson (“Looper”) brings to it, bridging nostalgia and risk.


Molly’s Game (Entertainment One): After carving out a distinctive niche for obsessive and overreaching characters, Oscar-winning screenwriter Aaron Sorkin (“The Social Network”) makes his directorial debut with this slick, fast-paced account of the true story of Molly Brown, whose poker games caused a scandalous splash with the FBI. Excellently played by Jessica Chastain, Molly is an ex-Olympic skier whose drive led her to create her own high-stakes sessions in Hollywood, bringing her into contact with powerful businessmen and spoiled stars. Facing prison time, she tells her story to her attorney, Charlie (Idris Elba). Charting everything from the protagonist’s relationship to her demanding father (Kevin Costner) to her run-in with European gangsters, Sorkin’s movie overflows with his trademark crackling dialogue and prickly humor.

Netflix Tip: A delightful and durable character actress of stage, cinema and TV, Rose Marie (1923-2017) gave audiences decades of joy. So check out Netflix for some of her best work, which includes “International House” (1933), “The Dick van Dyke Show” (1961), “Murphy Brown” (1988), and “Psycho” (1998).

On DVD:

Get Out (Universal): Better known for his late-night sketch skills, comedian Jordan Peele takes a most impressive leap into feature direction with this original, unnerving mixture of horror and humor. Unfolding in deceptively placid suburbia, the movie charts the increasingly bizarre events in the weekend in which black photographer Chris (Daniel Kaluuya) goes with his white girlfriend Rose (Allison Williams) to meet her parents (Bradley Whitford, Catherine Keener). What begins as a merely nervous getaway quickly escalates for Chris into a race for his life, with each new discovery bringing a fresh fright to the surface. Blending quick and entertaining genre tropes with genuinely provocative insights about race in America, Peele serves up crackerjack tension and dark laughter. One of last year’s most explosive releases.


Person to Person (Magnolia Pictures): A slight, charming array of New York voices, this bittersweet indie comedy-drama charts a variety of sometimes intertwined stories to register one crazy-quilt day in the big city. If there is a center to the mosaic, it’s in the meanderings of a crime reporter named Phil (Michael Cera) and his trainee Claire (Abbi Jacobson), though much of the film’s pleasures come from the interactions on the sidelines of plot. They include crotchety repairman Jimmy (Philip Baker Hall) trying to kick start a business, would-be lothario Buster (Isiah Whitlock Jr.) boasting of his connections, and a hipster named Bene (Bene Coopersmith) seeking a rare record. Directed by Dustin Guy Defa, this gentle slice-of-life has plenty to offer for those ready to get into its drifting groove.


Election (Criterion): Oscar-winner director Alexander Payne (“Sideways”) reached a corrosive peak with this sharp 1999 satire, which gave Reese Witherspoon one of her best roles. She plays Tracy Flick, a ruthlessly perky high school overachiever whose latest project, a campaign to run for president of the student body, puts her at odds with one of her teachers, Jim (Matthew Broderick). Saddled with his own troubled personal life, Jim becomes obsessed with interfering with Flick’s success, resulting in a series of hilariously petty and botched schemes—including getting a dim jock (Chris Klein) to run against her. Skewering everything from the male ego and suburban complacency to education and politics, the biting Payne crafts a tightly structured,acerbically insightfuland darkly amusing take on innocence and corruption.

 

[headlines]
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Alaskan Husky
San Clemente, California  Adopt-a-Dog


Rochellle
IF#A039199


Female
Two Years Old
Spayed
Young and Playful
Gets along with all family members
Needs exercise or walks
Doesn't Like to be Left along for long periods of time
Happy and Friendly

For more information about this animal, call:
San Clemente - Dana Point Animal Services at (949) 492-1617
Ask for information about animal ID number A039199

San Clemente- Dana Point Animal Services
221 Avenida Fabricante
San Clemente, CA 92672
Phone Number: (949) 492-1617
Fax Number: (949) 366-4765

Adopt a Pet
http://www.adoptapet.com/

 

[headlines]
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Credit Position Wanted
Seattle, WA – Will Work Remotely

 

A highly skilled credit expert.  Extensive underwriting background in small ticket leasing and commercial banking.  Managing equipment finance credit operations, performing daily credit tasks, spreading/analyzing financial statements, preparing monthly reports.  Exceptional organizational, analytical, communication skills.  I excel at making sound credit decisions in a fast paced environment.  murphy9679@frontier.com


[headlines]
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News Briefs----


People are ditching Subway, franchisees expect a wave
   of store closures  — here's what went wrong
http://www.businessinsider.com/subways-closes-stores-spirals-downwards-2017-12 

Goldman Takes One-Time $5 Billion Hit From New U.S. Tax Law
   mainly stems from taxation of earnings held abroad
https://www.bloomberg.com/news/articles/2017-12-29/goldman-sachs-takes-one-time-5-billion-hit-from-u-s-tax-bill

China Aircraft Leasing buys 50 Airbus A320neo series
  for $5.4 billion -- Mfg. in Mobile, Alabama
https://www.reuters.com/article/us-cnaircraft-lease-airbus/china-aircraft-leasing-buys-50-airbus-a320neo-series-for-5-4-billion-idUSKBN1EN02S

Florida's Medical Marijuana Industry Is Losing Its Bank,
   But Others Are Stepping In
https://www.forbes.com/sites/monazhang/2017/12/31/floridas-medical-marijuana-industry-is-losing-its-bank-but-others-are-stepping-in/#5ab3cc694470

How a Maryland bank is quietly solving
  the marijuana industry’s cash problem
https://www.washingtonpost.com/local/md-politics/how-a-maryland-bank-is-quietly-solving-the-marijuana-industrys-cash-problem/2018/01/02/a6317088-e0ec-11e7-bbd0-9dfb2e37492a_story.html?utm_term=.cb2939c23ce4

Apple apologizes for slowing iPhones,
cuts price of battery replacement as lawsuits pile up
https://www.seattletimes.com/business/apple-sorry-for-slowing-iphones-cuts-battery-price-by-50/

Peter Thiel’s firm owns ‘hundreds of millions’ in bitcoin
  and is Buying More
https://nypost.com/2018/01/02/peter-thiels-firm-owns-hundreds-of-millions-in-bitcoin/

 

 

[headlines]
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You May Have Missed---

Here are five breaks you’ll miss the most in the tax bill
https://www.cnbc.com/2017/12/19/5-deductions-taxpayers-will-miss-the-most-in-the-tax-bill.html


[headlines]
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Chicago Bear Happiness

I ASKED the professors who teach the meaning of life to tell
me what is happiness.
And I went to famous executives who boss the work of
thousands of men.
They all shook their heads and gave me a smile as though
I was trying to fool with them
And then one Sunday morning I wandering out among
grass fields surrounding Dolphin Stadium
And I saw a crowd of Polacks under the trees with
their women and children 
and a keg of beer and an
accordion.
They cheered and sang,
watching TV on a portable battery.
Go Bears! They yelled.
And then they lifted the beer mugs high
and yelled again: Go Bears!
As if they would win.

(With apologies to Carl Sandburg.)

 


[headlines]
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Sports Briefs---

Raiders LB NaVorro Bowman on Jon Gruden: 'It's exciting'
http://profootballtalk.nbcsports.com/2018/01/02/navorro-bowman-finds-potential-arrival-of-jon-gruden-exciting/

Marvin Lewis returns as Cincinnati Bengals’ head coach
   through 2019
https://www.usatoday.com/story/sports/nfl/bengals/2018/01/02/marvin-lewis-returns-cincinnati-bengals-head-coach-16th-season/994038001/

Welcome to the Two Most Fun Weeks on the NFL Calendar
https://www.theringer.com/2018/1/2/16842700/welcome-to-two-most-fun-weeks-on-nfl-calendar


[headlines]
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California Nuts Briefs---

Traditional lightbulbs set to vanish Jan. 1 from
   California store shelves
http://www.sacbee.com/news/local/environment/article191151149.html#emlnl=Breaking_Newsletter

 

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Rosé on rise for the past 30 years
http://www.pressdemocrat.com/lifestyle/7796870-181/berger-ros%C3%A9-on-rise-for

San Francisco Chronicle Wine Competition Public Tasting 2018
February 17, 2018, 12:30 pm - 5:00 pm
http://events.sfgate.com/event/sfcwinecomp2018


Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

[headlines]
----------------------------------------------------------------

This Day in History

    1793- political and social reformer Lucretia Coffin Mott born in Nantucket, Massachusetts
http://memory.loc.gov/ammem/today/today.html
    1876- Hill Institute opened in Florence , MA . Originally called the Florence Kindergarten, because it was in the home of its founder, Samuel Lapham Hill, it become known as the Hill House, and then later to the name known today as the first free Kindergarten.
    1888- Marvin Stone of Washington , D.C. filed a patent for a drinking straw made out of paraffin-covered paper, replacing natural rye straws. It revolutionized drinking soda pop,not only a drug store fountains, but baseball games, beach, and all outdoor events. 
    1897- Marion Davies, born at Brooklyn , NY , Marion Cecilia Douras became Marion Davies and made her first appearance on film in 1917. Her romantic and professional involvement with newspaper magnate William Randolph Hearst ensured the type of publicity that would launch her to stardom. Her films included When Knighthood Was in Flower, The Patsy and Show People. She had a mansion on Santa Monica Beach and as kids we would visit. When she was in a good mood, she was friendly and gave us soda. When her house was vacant, it became a place for us to meet as we knew how to enter, plus guards remember us as her friends. Davies died at Hollywood , Sept 23, 1961.
    1903- President Theodore Roosevelt signed a bill establishing South Dakota 's Wind Cave , a national park and preserve. It was the first national park established for the preservation of a cave.
1904 Eddie Lang Birthday 
http://www.redhotjazz.com/lang.html
    1909- Victor Borge ( Borge Rosenblaum) Birthday
    1920- Boston Red Sox owner and theatrical producer Harry Frazee sold pitcher-outfielder Babe Ruth to the New York Yankees for $125,000 and a $300,000 loan. Frazee used the loan several years later to produce “ No, No, Nanette, a hit musical.
    1921- the University of Wisconsin , Madison , WI on station 9XM made the first weather broadcast.Other radio stations copied this popular news.
    1930-- The first diesel engine car trip was made by Clessie Lyle Cummins of the Cummins Engine Company, Columbus, IN, with a stock model engine weighing 1,200 pounds, delivering 50 horsepower at 1,000 revolutions per minute with four cylinders of 4.5 b 6 inch bore, installed in a seven-passenger Packard sedan. He left Indianapolis , IN , this day and arrived in new York City on January 6, covering 792 miles at a total fuel cost of $1.38.
    1939- Hockey Hall of Fame Left Wing Bobby Hull birthday
    1939- Gene Cox, 13, served on the House floor as aide to her father, Representative Eugene Cox (D-GA), on opening day of the 76th Congress. She was paid $4 for three hours of work and there were no objections to her one-day service. More than 30 years later, however, there was much debate when Senator Jacob Javits (R-NY) nominated a female to be a real Senate page.
    1949- Metronome All-Stars ( Parker, Gillespie, Ventura , etc. ) cut “Victory Ball, Overtime, and many more, New York City
    1957- Hamilton Watch Company, Lancaster , PA introduced to the public the first electric watch. the movement was powered by a small energy cell guaranteed to operate the watch for a year. It had no mainspring and had 35 percent fewer parts than an automatic or self-winding watch.
    1959- Alaska , which had been purchased from Russia in 1867, became the 49 th state . The area of Alaska is nearly one-fifth the size of the rest of the United States .
    1965- three brothers from one family to serve in the Senate were the three sons of Joseph Patrick Kennedy and Rose Kennedy of Boston , MA . John Fitzgerald Kennedy, senator form Massachusetts , who was sworn in on January 3, 1953; Edward Moore Kennedy, also from Massachusetts , who was sworn in on January 9, 1963; and Robert Francis Kennedy, senator form New York , who was sworn in on January 3, 1965.
    1973- a group headed by shipping executive George M. Steinbrenner, III, bought the New York Yankees from CBS for $10 million.
    1976- Martha Elizabeth Keys, Democrat of Kansas and Andrew Jacobs, Jr, Democrat of Indiana, were married at Topeka , KS , to become the first congressional representatives to marry each other.
    1987- Cleveland quarterback Bernie Kosar passed for 487 yards, an NFL playoff record to date, to lead the Browns to a double-overtime 23-20 victory over the New York Jets in an AFC divisional playoff game. The following week, Cleveland lost the AFC championship game, also in overtime, to the Denver Broncos by the identical score.
    1989- “ The Aresnio Hall Show” premiered on TV. Arsenio Hall became the first African-American to host a successful syndicated late-night talk show. The show attracted a younger audience than that of Johnny Carson's “The Tonight Show” and effectively limited the impact of CBS's 1989 late-night entry, “The Pat Sajak Show.” Hall was successful in booking soul and rap music acts that had rarely been seen on other shows. His was also the show on which presidential candidate Bill Clinton appeared, playing the saxophone in dark glasses. Hall was named by TV Guide (June 1990) as its first “TV Person of the Year.”

-------------------------------------------------------------

SuDoku

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

http://leasingnews.org/Soduku/soduko-main.htm

[headlines]

 

 

--------------------------------------------------------------

Daily Puzzle

How to play:
http://www.setgame.com/set/puzzle_frame.htm

Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm

[headlines]

--------------------------------------------------------------

http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx

[headlines]

--------------------------------------------------------------

Weather

See USA map, click to specific area, no commercials

http://www.weather.gov/

[headlines]

--------------------------------------------------------------

Traffic Live---

Real Time Traffic Information

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live

--------------------------------

[headlines]

Features

Alerts and Flags
Bank Beat
Career Crossroads-Emily Fitzpatrick/RII
Cartoons
Charlie Chan sayings
Computer Tips and Social Media
Credits and Collections 102
Employment Web Sites
Fernando's Review
Financial Technology 102
From the Desk of Michael Witt, Esq.
Leasing 102
Leasing Cases by Tom McCurnin
Observations from the Front Porch by Jim Acee
Online Newspapers
Placards
Recruiter Hal T. Horwitz Speaks Out
Sales Make it Happen
Spark PeopleŚLive Healthier and Longer
The Secret of Our Success
The Top Performer’s Corner
To Tell the Truth
TV Reviews by Kit Menkin
View from the Top
Why I Became a CLP


Ten Top Stories each week opened the most by readers
(click here)

“Complaints” Bulletin Board (click here)

Connect with Leasing News


Top Stories

(chronological order)

- Lesley Farmer, KLC Finance, A Top Woman in Finance
    Selected by Finance & Commerce
- Dyer and Pelose Come Out of Retirement
- ECN Capital Reports $50.9 Million Loss
- A+ Ratings on Alt-Finance and Leasing Companies
   Questions by Christopher Menkin, Editor
- Navitas Credit Corp. Reaches One Billion Total Originations
- "Hewlett Packard Sabotaged My Printer"
- Certified Leasing and Finance Foundation Member Milestone
   Surpasses 500 Members
- Hurricanes Reasons for 8th Consecutive Q Loss at OnDeck
- Are you an Equipment Leasing’s version of Blockbuster Video?
- Leasing News Complaints Bulletin Board BBB Ratings
- Tips for Obtaining Financing - Despite Challenged Credit
- State of Leasing and Finance, November, 2017
- Four Types of Interim Rent
10-Q for Quarter Ended Sept 30, 2017
- Is Competition Dying in the Canadian Equipment Finance Market
- CEO Bill Verhelle Announces Interests in Commercial Finance
- CLFP Foundation Approaches 500 CLFPs
- Companies with 2 or More CLFP’s/Associates
- Hours to Pay Monthly Mortgage in United States
- LEAF CFO Has Left the Building
- More Changes at Bank of the West
- 10 year Chief Sales Officer Leaves Marlin with over $750,000
- NEFA Atlanta Conference
- The Complaint Process for Leasing and Finance Associations
- Top Nine Leasing Company Websites in North America
- Ascentium Capital Class Action Suit Settled?
- Don't Fear the Unsubscribe
- Pine River to Shut $1 Billion Flagship Hedge Fund
- Alleged $11.5 Million Lease Fraud in Canada
- What's Ahead for Fleet Lessors?
- State Licensing and Usury Laws:
   An Updated Overview of a Few Troublesome States
- Shopko-Balboa Capital Summary Judgement Denied
- Who Writes Small Ticket Leases in Today’s Marketplace?
- Changes at Bank of the West Clarification
- Accounting for Leases Under the New Standard, Part 1
- DocuSign is now the electronic signature of choice
   for the federal government
- Class Action/Ascentium Settlement Discussions
- Tax Liens, Foreclosure & Embezzlement
   "How We Saved a Tow Truck Company"
- The Long Drought in Small Business Lending
- LEAF "All-Cash Acquisition"
- Violating California Lender’s License Law?
   This May Prevent You from Being Licensed in the Future
- New Jersey Appeals Court Vacates $1.5 Million
  Attorneys’ Fees Award in Equipment Leasing Dispute
- National Do Not Call Registrys
- Solar Financing Firms
   Working with Third Party Originators
- Referral, Recommendations, Questions, Complaints
- Filing a Complaint Against a Finance or Leasing Company
   in the State of California
- Credit Bureaus Erasing Negative Info
- It's Not the United States with Highest Income Tax
- California Department of Business Oversight Confirms
that Brokers Need Licenses and Lessors Can’t Pay Unlicensed Brokers
- Signs of a Chill in Fintech Funding?
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- 2014 Survey Reports Expert Witness Hourly Fees
    Record All-Time Highs
- Your Photograph on LinkedIn.com
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- HL Leasing/John Otto--Update
- "The real U.S. Bank Equipment Finance story"
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- California License Web Addresses
- Settlement Costs vs. Litigation Costs