Archives: June 17, 2005
Dash in Norfolk, Virginia

The above picture was taken when my son Dash graduated the Great Lakes Naval Training School. I like it because it shows him with his arm around me. To you who still have a father alive, let me tell you that is the best Father's Day present you can give: put your arm around him and let him know how much you love and appreciate him.

Dash is going back to the waters of Kuwait in a special unit, something he volunteered for. Here is part of a message he sent from Norfolk, Virginia:

“I've got a lot of training ahead...definitely in the military here(lol)!

“...currently I'm in charge of my new boat unit ... #42 that's my crew #42. we are under Coastal Warfare , Squadron 4.. we are soo new no one knows anything about it.

“It is funny. My crew is made of 8 crackerjack sailors...die hard guys...

“We will be "Brown Water Sailors" after all our extensive training. I now wear the jungle green basic issue battle dress uniform similar to our Marines... actually it is the same uniform, just US NAVY insignia.”

TODAY

Chief Electrician,
Chief Petty Officer, now a Merchant Marine, Military Sealift Command
"Currently anchored out of Port Victoria, Mahe, Seychelles, a providence of Africa, an island owned by the French and ruled by the English. They speak Creole here."

 

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Editorial: Confusion Regarding
California Lender’s License Law
By Christopher “Kit” Menkin, Editor/Publisher

There still seems to be confusion regarding California Lender's Law in dealing with banks.

Do readers really believe that California is crazy enough to pass a law requiring every time a licensed broker/lessor did business with a bank they had to get permission in writing first?

The Department of Business Oversight is so far behind just on applications and actions, and to investigate and respond to each request would be a nightmare! Are we so conditioned that we would believe such a nonsensical requirement? What’s the matter with us?!

I thought Leasing News Legal Editor (and practicing attorney representing primarily banks) Tom McCurnin was quite explicit, citing "Montgomery v. GCFS, Inc., 237 Cal. App. 4th 724 (2015), which held that a licensed lender was not required to restrict assignments to only licensed lenders, cleared this all up. This is a three judge Appellate decision, which would overrule any DBO “opinion.” It should also be noted these communications in question are not formal, signed DBO Official Opinion Letters. Even if they were, they would be overruled by the Appellate Court ruling.(1)

In addition, as Attorney Ken Greene has brought up, the requirement
is to list on the application and annual reports, and does not say in the
online instructions that specific permission needs to be obtained from the unlicensed entities, such as banks.

Leasing News has heard from many bankers across the United States with questions as they about this. Some say they were "confused". They want to be "legal and binding" about doing business with their California third party originators. Equipment Leasing and Finance Association and attorneys from the ELFA legal committee are sending out newsletters telling them otherwise that the licensee is required to get written permission from the DBO. What should they do?

• First, it only pertains to transactions in California.

• Seconds, state or federal banks (and credit unions) don't care if the lessor/broker is licensed as they are exempt from the law, as per the court case cited by Tom McCurnin. 

• The Appellate Case overrules the DBO. The DBO is to follow the law.

Now that this has been said, let me give you my opinion from my experience as a writer, editor, broker, lessor, bank board of director of loan and executive committees. It should be required to do business with a bank the broker/lessor should be licensed. The bank should not be “exempt.”

Why? It would be smart to do business only with licensed brokers/lenders/lessors.

• One, they pass a criminal background check, are fingerprinted, investigated very well, and have to abide by the laws of no misrepresentation or giving out false information, or they will be guilty of the law, resulting in paying fines and losing their ability to do business in California. They are required to do an annual report as well as be bonded.

• Two, they submit tax returns, personal financial statements, and the government has sources of legal and banking information that many entities would love to have, including the applicant gets fingerprinted.

• Three, the DBO does not accept complaints about non-licensed broker/lessors from lessees, vendors, regarding deception,
  lying, false advertising.  They only accept complaints against
  licensed brokers/lessors and can take action. I have handled many complaints in the Leasing News Complaint Bulletin Board which they could have resolved, but could not, because the broker/lessor was not licensed.  Most of the complaints concern not returning deposits or advance payments for leases that never funded.

• Four, perhaps most importantly, usually, someone who fills out the CFL application, and goes through the process, is a professional, who wants to remain a professional as a company or sole proprietor, and abide by the laws.

I think being licensed would be paramount in doing business with a company or sole proprietor would be a step against being defrauded, not involved in a lawsuit, or finding out something was wrong with the transaction when the client defaulted.

You should want to do business with a professional, who as a proprietor or company will hopefully grow in their career and be around to handle any problems that may arise. Insist on doing business in California with a licensed lender!

• California Not Crazy Enough to Make Broker's Being Licensed to Obtain Written Permission for Each Bank They Deal With
  http://leasingnews.org/archives/Jun2016/06_15.htm#california

 

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Leasing Industry Help Wanted

Credit/Syndication Analyst Position located in Denver, Colorado or Gig Harbor, Washington. For the right candidate ability to work remote may be an option. Commercial equipment leasing/finance experience preferred, but must have 2+ years commercial credit experience, strong knowledge of business and credit principles. For more information, please click here www.bsbleasing.com    A Funding Source for Small Business Since 1981

Senior Credit Analyst - Transportation - Minimum 5 years of small ticket/high volume equipment finance underwriting experience preferred - Relocation benefits available for the right candidate - For a complete job description, please click here www.pawneeleasing.com Established in 1982, Pawnee Leasing Corporation located in Fort Collins, CO specializes in commercial equipment leasing and financing up to $150,000 to smaller, closely-held business enterprises. Pawnee Leasing is a U.S. subsidiary of Chesswood Group Limited, a publicly-held specialty financial services company based in Toronto, Canada (TSX:CHW).

 

Inside Sales Manager San Francisco We are currently seeking qualified talent to be primarily responsible for overseeing the Inside Sales Department within the Vendor business group of the Equipment Finance Division, while developing and improving policies and procedures to properly support high production volume. For more information click here www.bankofthewest.com

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

New Hires/Promotions in the Leasing Business
and Related Industries

Geoff Barlow was hired as Corporate Sales Manager, TCH Leasing, Sheffield, United Kingdom.  Previously, he was Area Sales Manager Sandicliffe Motor Contracts (November, 2007 – April, 2016); Regional Sales Manager, PHH Arval (2001 – 2006). Volunteer: St. John's Junior Football Club Under 7's Coach (January, 2012). I am an FA Qualified football coach, working with a great team of lads at St. John's Junior Football Club - an FA Chartered Standard Club. Training each week, with league and cup matches at the weekends, I am privileged to be able to help a group of children develop their football skills, but most importantly, learn to work as a team, have fun with friends and keep fit outdoors.
https://uk.linkedin.com/in/geoff-barlow-151ba220

Mike Jones was hired as ISO Relations Business Development Brooklyn, New York.  Previously, he was Financial Services ISO Relations (January 2016 –May, 2016). Languages: Russian, Hebrew. Education: Brooklyn College, LIU Brooklyn, Bachelor's degree, Business, Management, Marketing, and Related Support Services.
https://www.linkedin.com/in/mike-jones-429685110

Scott M. Keusch was hired as Vice President, Senior Account Executive for the East Division of Crestmark Bank. Prior he was at Bank of America, which he joined in 2009 as Special Asset Group Senior Portfolio Officer; promoted 2012 to Senior Portfolio Management Officer; promoted September, 2014, Process Design Manager. He began his career in 2000 as Collateral Analyst, Asset Based Lending, Greenfield Commercial Credit; promoted 2001 to Auditor, Asset Based Lending; promoted, 2002, Audit Manager, Asset Based Lending; promoted, 2005, Credit Manager, Asset Based Lending, leaving in 2009. Education: Walsh College of Accountancy and Business Administration, Master of Science, Finance (2001 – 2005).
https://www.linkedin.com/in/scott-m-keusch-0b647813

Steve Poston was hired as Vice President, Sales, Ascentium Capital, Kingwood, Texas.  Previously, he was Vice President Bank of the Ozarks (January, 2010 – 2016).
https://www.linkedin.com/in/steve-poston-96157a15

John D. Rizzi was hired by The Alta Group, Glenbrook, Nevada as
Managing Director and Practice Leader for the new Digital Business Advisory Practice, "...which provides digital business transformation services to the equipment leasing and asset finance industry. The practice, formerly known as Systems Integration Advisory Services, has been renamed and enhanced to reflect an increased emphasis on delivering tactical services such as business process assessments, systems re-design and best practices," Alta CEO John C. Deane said. Previously, Mr. Rizzi was Director of Capital Markets, InterContinental Beverage Capital Inc. (September, 2015 – May, 2016); Senior Vice President, De Lage Landen International B.V. (March, 2005 – June, 2014); SVP,  National Sales Manager, GE Capital (September, 2001 – March, 2005); SVP,  Vendor Financial Services, Heller Financial (December, 1993 – September, 2001). Education: State University of New York College at Oneonta, BS, Biology (1974 – 1977). Clarkson University, Chemistry - Pre Med (1973 – 1974).
https://www.linkedin.com/in/jdrizzi

Perry S. Rudnick was hired as Senior Credit Analyst, 36th Street
Capital Partners, LLC., New York, New York; he is based out of
Summit, New Jersey.  Previously, he was at Sumitomo Mitsui Banking
Corporation, joining April, 2015; promoted August, 2015, Assistant Vice President, Credit. Previously, he was Risk Analyst, community Choice Finance, Inc. (March, 2014-January, 2015). He joined Cardinal Health, June, 2010, as Credit Representative; promoted October, 2011, Sr. Analyst, Credit Underwriting. Education: Ohio University, Masters in Business Administration, Finance. Ohio University, Bachelors in Business Administration, Finance.
https://www.linkedin.com/in/perry-rudnick-43316543

Matthew Walker was hired as Sales Manager, Grace Digital, Inc, San Diego, California.  Previously, he was Regional Sales Manager / Business Technology Finance, LEAF Commercial Capital, Inc. (2014 – 2016); Vendor Relations Manager, Formula Funding (2012 – 2014); Assistant Director of Admissions, The Art Institute of California, A College of Argosy University (2011 – 2013); Admissions Representative, Full Sail University (2010 – 2012); Senior Account Executive, Bluegreen Corporation (2005 – 2010); Assistant Sales Manager, Sprint (2000 – 2005). Languages: Spanish. Education:
Indiana University-Purdue University at Indianapolis, Business Administration, Business/Marketing (1997 – 2001). Southport High School, Diploma, General (1994 – 1997).
https://www.linkedin.com/in/mwalke25

 

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Most Influential Lawyers
in Equipment Finance and Leasing

Stewart Abramson
Andrew Alper
Thomas V. Askounis
Julie Babcock
Joe Bonanno, CLFP
Bill Carey
Richard Contino
James Coston, CLFP
Jonathan Fleisher
Marshall Goldberg
Kenneth Charles Greene, Esq.
Michael A. Leichtling
Malcolm C. Lindquist
Barry Marks, Esq., CLFP
David G. Mayer
Allan J. Mogol
Frank Peretore
John G. Sinodis
Ellen Michelle Stern
Mark Stout
Kevin Trabaris
Allan Umans
Mark Wada
Michael J. Witt
Irwin Wittlin

Full list with Biographies
http://www.leasingnews.org/Pages/top_lawyers.html

Common Mistakes Financial Businesses Make
When It Comes To Marketing Online

FinTech #102 by Brittney Holcomb

 

 

The finance industry is definitely one area that tends to lack luster when it comes to running a digital marketing campaigns effectively. While there are thousands of successful financial marketing campaigns out there, the few that seem to struggle with generating results are generally only a few adjustments off from being successful themselves.

Not Having A Clearly Defined Goal Or Strategy

A lot of small financial businesses do not have the budget to hire a dedicated marketing team, which means they usually do all their marketing themselves. While there’s nothing wrong with doing all your company marketing yourself, you should make sure that you’re setting aside time to actually develop a plan of attack rather than posting a couple Facebook ads, tweets, and a blog post on a Sunday night when you can’t fall asleep. Without a written out strategy your marketing campaign will lack both organization and any real expectations you have for executing it. Setting a clearly defined goal is what helps you map out what marketing channels are the best to utilize to achieve the end result.

Not Having A User Focused Website Design

Usability is more important than some may think when it comes to marketing. You can have a great product and compelling message, but if a user lands on your site and does not know how or where to complete the intended action, than what’s the point of marketing at all?

Your website should have a clear and simple path from the moment a user lands on the homepage, researches your services, and then contacts you. Major website usability factors includes making sure your landing pages loads within 3 seconds or less, a clear concise message, a call to action, friendly URL structures, as well as header and footer navigations.

Not Tracking Results

The biggest mistake you can make is not tracking your campaign. You should have a version of web analytics installed on your website. A web analytics code will be able to define your consumer’s path from the minute they found, to how often they visited your website, what pages they visited on your website, to when they finally contacted you for business.  Google offers it, as does Alexa, and many others. Do a search and decide which one you want to try out first.

If you don’t install web analytics, you will never know which parts are and are not working in your marketing campaigns. Which is turn, usually ends costing you a lot of unnecessary money and not achieving your intended goal. 

These are all simple adjustments any small or large financial business can make in order to get their marketing campaign back on track. None of which involve spending more money, just require studying your audience more closely and organzing your plan of attack. 

Brittney Holcomb is the Director of Paid Search at The Finance Marketing Group. She works exclusively with finance companies and banks to help better develop their business online through digital marketing strategies. Brittney has been trained by some of the top leaders in the industry giving her a vast knowledge she is able to pass along to her client base.

eMail: brittney@financemarketing.com
https://www.linkedin.com/in/brittney-holcomb-02101834

Previous Financial Technology Articles
http://www.leasingnews.org/Conscious-Top%20Stories/fintech.html

 

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Why People Don't Like to Watch News Videos
24% of People Watched News Video Last Week

by Matt Rosoff, www.businessinsider

Online news organizations, including Business Insider, are racing to create videos, driven in large part by Facebook's push to show more video in people's news feeds. One Facebook exec even recently said that she thought Facebook would be "all video" in the next decade.

But the rush to declare online text dead is premature. A recent poll of 50,000 online users conducted by the Reuters Institute for the Study of Journalism found that only 24% of people had watched any news videos online in the last week. This chart from Statista shows the reasons why people say they don't watch news videos online. The number one reason: reading is faster and more convenient.

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

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

North Mill Equipment Finance Completes its Second
Securitization for $111.15 Million

North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in South Norwalk, CT, has announced the closing of its second securitization transaction, NMEF Funding 2016-A, which was completed on June 13, 2016.  NMEF Funding 2016-A issued two classes of equipment finance-backed notes totaling $111.15 million.  The transaction was rated by Kroll Bond Rating Agency and the notes received ratings of A (sf) and BBB (sf).

The portfolio of leases and loans is secured mostly by transportation equipment, including heavy and medium duty trucks, cargo vans and other vehicles, and construction, manufacturing and other equipment.

BB&T Capital Markets was the book runner, structuring and placement agent of the notes. North Mill will continue to be the servicer of the underlying assets.

Gary Silverhardt, President and CEO of North Mill, stated, “This second securitization is a further demonstration of the company’s strength and continued growth.  It enhances our access to capital and enables us to expand our equipment finance activities.”

Andy Yuder of BB&T Capital Markets said, “This transaction provides additional capital the company needs to offer equipment financing to its customers.  We are proud to have partnered with the North Mill team to add to their continued success, and we look forward to supporting the company’s plans for continued growth.”

About North Mill Equipment Finance
North Mill has nearly 60 years of experience originating equipment leases and loans.  For more information, visit www.northmillef.com.

North Mill is a subsidiary of Colford Capital Holdings LLC, a New York City based holding company that is building a diversified and industry-leading specialty finance and asset management business through acquisitions, strategic partnerships and new business development.  In addition to North Mill Equipment Finance, Colford owns North Mill Capital, a national asset based lending and receivables factoring company based in Princeton, NJ.  Colford is majority owned by Monitor Clipper Partners, a private equity firm that targets growth-oriented businesses with strong management teams.  For more information, visit www.colfordcapital.com.

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

 

(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

 

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Fernando's View
By Fernando F. Croce

New releases give audiences a gripping drama ("Dheepan") and a career-spanning documentary ("De Palma"), while singular animation ("Anomalisa"), a great director's swan song ("No Home Movie") and a whimsical classic ("Here Comes Mr. Jordan") come to DVD.

In Theaters:

Dheepan (Sundance Selects): French director Jacques Audiard ("A Prophet") scored the top prize at the Cannes Festival with this gritty and intense drama, set in a Parisian housing project. The plot follows Sivadhasan (Antonythasan Jesuthasan), a Sri Lankan ex-soldier who, following a stay at a refugee camp, decides to move to France. The road to a new life is a torturous one, however, and it includes accepting a new identity and family to secure asylum in the new land. Renamed Dheepan and accompanied by a wife named Yalini (Kalieaswari Srinivasan) and a daughter named Illayaal (Claudine Vinasithamby), he finds work as a caretaker. When new tensions arise, Sivadhasan's life takes a sharp turn to the violent, putting everything he's achieved in jeopardy. Mixing observational drama with elements from a revenge thriller, Audiard's film portrays a struggle between despair and hope. With subtitles.

De Palma (A24): From his beginnings as an underground upstart to his peak as a Hitchcockian engineer of gleeful suspense, veteran director Brian De Palma has amassed an amazingly rich and varied career. So he's fully deserving of the spotlight in this engaging documentary by Noah Baumbach ("Mistress America"), which spans several decades as the filmmaker looks back at every single one of his films. De Palma's early years as a political shake-up artist in "Greetings" and "Hi, Mom!" are covered, along with such breakout hits as "Carrie" and "Dressed to Kill," which put him on the 1970s map of young auteurs alongside Spielberg and Scorsese. Discussing his successes, failures and cult favorites, De Palma exudes honesty, wisdom and mischievous humor. Brimming with clips and anecdotes, this documentary is a first-rate look at a great director's life and art.

Netflix Tip: A vivacious actress as well as a fierce victims’ rights advocate, Theresa Saldana (1954-2016) was a gifted performer with few but memorable film appearances. So check out Netflix for her best films, which include "I Wanna Hold Your Hand" (1978), "Home Movies" (1979), and "Raging Bull" (1980).

On DVD:

Anomalisa (Paramount): The Oscar-winning writer behind "Being John Malkovich" and "Eternal Sunshine of the Spotless Mind," Charlie Kaufman chases his obsessive melancholia into another medium with this poignant, visually inventive spot-motion drama. Told entirely using puppets and models, the story charts the emotional ups and downs of a depressed author named Michael (voiced by David Thewlis), who finds himself spending the night at Cincinnati hotel and trying to reconnect with a former girlfriend. When that goes awry, Michael becomes smitten with a shy young woman named Lisa (Jennifer Jason Leigh), and love seems to bloom between the two bruised creatures. But what will the harsh morning bring? Co-directed with Duke Johnson, Kaufman's one-of-a-kind film is a daring, intimate and dreamlike exploration of human loneliness and yearning.

No Home Movie (Icarus Films): A characteristically personal and challenging document, Chantal Akerman's final picture is a moving account of her relationship with her aged mother Natalia. A Polish immigrant and concentration camp survivor, Natalia is lovingly captured by her daughter's camera in a procession of recorded conversations, sometimes in person and at others during Skype sessions. Always obsessed with impermanence and identity, Akerman is similarly fascinated with the mundane periods between encounters, when the emptiness of an apartment or a landscape seems to hum with melancholy meaning. The approach demands patience from viewers, but the rewards are many as the film provides a profoundly intimate eulogy that ultimately reveals as much about its maker as it does about its subject. With subtitles.

Here Comes Mr. Jordan (Criterion): Remembered by cinema historians for his suave performances in 1930s melodramas and for his tough turn in the war classic "They Were Expendable," Robert Montgomery got a chance to show his comedic talents in this enjoyably whimsical 1941 fantasy, directed by Alexander Hall. Montgomery stars as Joe Pendleton, a boxer who's on his way to a championship fight when suddenly his plane crashes. While in heaven, he realizes that there's been a mistake and he's not supposed to die for another fifty years, so celestial manager Mr. Jordan (Claude Rains) sends him back to earth in as a murdered playboy. In this new guise, he meets old friends, attempts to restart his career, and falls in love. Though twice remade with Warren Beatty and Chris Rock, the delightful original remains the one to see, thanks greatly to a cast that also includes Evelyn Keyes and Edward Everett Horton.

Shepherd
Chatsworth, California Adopt-a-Dog

Rose
A1249804

"My name is Rose and I am a spayed female, black and tan German Shepherd Dog mix.

"The shelter thinks I am about 6 years old.

"I have been at the shelter since May 31, 2016"

Los Angeles Animal Shelter
West Valley Shelter
20655 Plummer Street,
Chatsworth, CA 91311
888-4LAPET1 (888-452-7381)

Shelter Hours
Monday & Holidays: Closed
Tuesday-Saturday: 8am-5pm
Sunday: 11am-5pm

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

 

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Attorneys Who Specialize in
Banking, Finance, and Leasing

Birmingham, Alabama The lawyers of Marks & Associates, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel.  Email: Barry@leaselawyer.com Website: www.leaselawyers.com	California, National: city: Riverside  Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker.  Email: leaselaw@msn.com
Kenneth C. Greene California Leasing and Financial consultant, active in several leasing associations, as well as involved in music and film production inLA.  Mention "Leasing News" for a free consultation. 818.575.9095 Skype: 424.235.1658 ken@kengreenelaw.com	Connecticut, Southern New England:  EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates.  email: rcfeldman@snet.net
Los Angeles/Santa Monica Hemar & Associates, Attorneys at Law Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish.  Tel: 310-829-1948  email: phemar@hemar.com
Los Angeles, Southern CA  Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605or email: vvf@pacbell.net.	Encino, California: Statewide “ELFA”  Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigation, debt collection, and bankruptcy. Call Stephen E. Jenkins Esq (818) 501-3800
Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. email:RGarwacki@prodigy.net	Los Angeles, Statewide: CA      "ELFA" Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com
Los Angeles- Statewide, CA Lawyer specializing in banking and leasing issues statewide. Documents and litigation.  Tom McCurnin, Barton, Klugman & Oetting. Voice: (213) 617-6129  Cell:(213) 268-8291 Email:  tmccurnin@bkolaw.com	California & National Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services.  (562) 426-1000 www.paulbentlaw.com pbent@paulbentlaw.com
Illinois   Kevin E. Trabaris: Concentrates his practice in the areas of commercial finance, corporate and business transactions. Extensive experience representing banks, financial companies, equipment lessors, insurers and other funding and intermediary entities and borrowers in connection with thousands of business financing matters. He has handled everything from small ticket transactions to billion dollar syndicated loans, real estate financing to asset-based facilities. Email: ktrabaris@llflegal.com Work: 312.667.1354 Cell: 847.840.4687 http://llflegal.com/attorneys/kevin-trabaris/	Law Firm - Service, Dallas, TX. "ELFA" Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance.  email: dmayer@pattonboggs.com Website: www.pattonboggs.com
Massachusetts (collection/litigation coast to coast)  Modern Law Group focuses its practice on collections, lease enforcement and asset recovery. For the past five years, our attorneys have helped clients recover millions of dollars. We are able to cover your needs coast to coast. Email phone 617-855-9085www.modernlawgroup.com	Michael J. Witt, experienced bank, finance, and leasing attorney, also conducts Portfolio Audits. Previously he was Managing Counsel, Wells Fargo & Co. (May, 2003 – September, 2008); Senior Vice President & General Counsel, Advanta Business Services (May, 1988 – June, 1997) Tel: (515) 223-2352 Cell: (515) 868-1067 E-mail: MWitt@Witt-Legal.com Web: www.witt-legal.com
National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection,  billable litigation (704-969-3280) tong_92@yahoo.com	National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA).  email: Jcoston@costonlaw.com Website:www.costonlaw.com
St. Louis County , MO. - statewide:  Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates.  Ronald J. Eisenberg, Esq. (636) 537-4645 x108  reisenberg@sl-lawyers.com www.sl-lawyers.com	NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PAsscuteri@capehart.com / www.capehart.com
New York and New Jersey Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years experience.www.peretore.com	Thousand Oaks, California:  Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation. Nick Iezza 805-777-1175 niezza@spiwakandiezza.com

 

Receivables Management LLC John Kenny • End of Lease Negotiations & Enforcement  • Third-Party Commercial Collections john@jkrmdirect.com | ph 315-866-1167 www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
    reporting provided by John Kenny)

 

 

News Briefs---

LendingClub Buys More Loans As Volumes Tick Up
http://blogs.wsj.com/moneybeat/2016/06/15/lendingclub-buys-more-loans-as-volumes-tick-up/

OnDeck Expands Regional Hub in Denver, Colorado
 Space Large Enough to Accommodate 550 Employees
http://www.denverpost.com/2016/06/15/ondeck-doubles-down-on-denver/

Bank of America Axe to Cut 8,000 of retail jobs
http://www.cnbc.com/2016/06/15/bank-of-america-axe-hovers-over-thousands-of-retail-jobs.html

Apple Pay fuels massive sales for vending machines
http://nypost.com/2016/06/16/apple-pay-fuels-massive-sales-for-vending-machines/

Inside Sales Manager San Francisco We are currently seeking qualified talent to be primarily responsible for overseeing the Inside Sales Department within the Vendor business group of the Equipment Finance Division, while developing and improving policies and procedures to properly support high production volume. For more information click here www.bankofthewest.com

 

 

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--You May Have Missed It

Usage of Uber and Lyft remains low
http://www.businessinsider.com/usage-of-uber-and-lyft-remains-low-2016-6

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SparkPeople--Live Healthier and Longer

Poll: Whom Do You Trust for Nutrition Information?
http://www.sparkpeople.com/blog/
blog.asp?post=poll_who_do_you_trust_for_nutrition_information

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Baseball Poem

by Dan Zamudio

Bat boy
Steady
breeze rustles his
oversized uniform
as he kneels outside our home team
dugout

and waits
patiently for
the moment when both hands
will hold smooth pine still trembling from
a hit.


Confucius says
Only two things can last forever —

an old baseball mitt
with softened leather
and a double-header
delayed by
stormy weather.


Baseball Riddle
A ll professional
L eagues forbid its
U se.
M ade to be
I ndestructible.
N ever cracks.
U nfilled inside the
M iddle.

B aseball's
A ttempt to save
T rees.


Dan Zamudio is a Chicago writer and lifelong Cub fan.

 

 

 

[headlines]
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Sports Briefs----

NBA Finals: Cavaliers send series to Game 7
http://www.mercurynews.com/warriors/ci_30025636/nba-finals-cavaliers-send-series-game-7

Stephen Curry ejected, hits fan with mouthpiece in Game 6 meltdown
http://sports.yahoo.com/blogs/nba-ball-dont-lie/stephen-curry-ejected--hits-fan-with-mouthpiece-in-game-6-meltdown-035225854.html

Ayesha Curry tweet rips refs, NBA again after Steph's Game 6 ejection
http://sports.yahoo.com/blogs/nba-ball-dont-lie/ayesha-curry-rips-refs--nba-again-after-steph-s-game-6-ejection-042702561.html

U.S. advances to Copa America semifinals with 2-1 win over Ecuador
http://www.latimes.com/sports/soccer/la-sp-usa-ecuador-copa-20160616-snap-story.html

Former Sacramento Kings owners about to get hockey Team
http://www.sacbee.com/news/business/article83930702.html

[headlines]
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California Nuts Briefs---

California dominates list of car theft 'hot spots'
http://www.sfgate.com/local/article/Car-theft-rates-CA-metro-areas-ranked-hot-spots-8208730.php

[headlines]
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“Gimme that Wine”

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

County approves Walt Ranch vineyard project
http://napavalleyregister.com/news/local/county-approves-walt-ranch-vineyard-project/article_a496608b-e266-5ad9-a59a-a55b87139eb2.html

Winery application to build ag pond
    makes no mention of cutting hundreds of oak trees
http://www.sanluisobispo.com/news/local/article83600277.html

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

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

     1579- the expedition of Sir Francis Drake anchored in a harbor just north of present-day San Francisco Bay in California, during drake's celebrated circumnavigation of the globe. Drake named the land Nova Albion and claimed it for England . The members of the expedition spent a month repairing their ship. Then on July 26 Drake sailed from California , continuing north and then west across the Pacific Ocean . The precise spot that Drake and his men landed and stayed for a month is a controversy between historians and the actual spot bay is not known. All Drake's records were destroyed for political reasons and this event is also part of the controversy. ( Encyclopedia of American Facts, Gordon Carruth ). http://legends.dm.net/pirates/drake.html 
    1742-birthday of William Hooper, signer of the Declaration of Independence, born at Boston , MA . Died Oct 14, 1790 at Hillsboro , NC . The British in retribution burned his house and farm during the war. http://www.williamhooper.com/ 
    1775-Suffolk County, MA, celebrates a county holiday to commemorate the Battle of Bunker Hill. According to the same source quoted above, the Battle of Bunker Hill was actually fought on Breed's Hill . British forces under General Howe assaulted the Continental position three times before the Americans, under Col. William Prescott, ran out of gunpowder and were forced to retreat. The British then occupied Bunker Hill after another skirmish. For this reason, it is referred to as the Battle of Bunker Hill in history books. Today when you visit Boston , and the guide takes you to Bunker Hill, it is really Breed's Hill , as historians decided to change the name rather than explain the story. 
http://memory.loc.gov/ammem/today/jun17.html 
    1837- Strong Vincent is born in Waterford , Pennsylvania . After working as a lawyer, he went on to become a hero at the Battle of Gettysburg, where he was mortally wounded defending Little Round Top. When hostilities erupted in April 1861, Vincent left the law to become an officer in the Erie Regiment, Pennsylvania Volunteers. By early 1862, he rose to commander of the 83rd Pennsylvania . Vincent served in several campaigns with the Army of the Potomac, fighting at Yorktown, Fredericksburg , and Chancellorsville . He was promoted to colonel after Yorktown, and prior to Gettysburg , Vincent was given command of the Third Brigade, First Division, of the Fifth Corps. On the night of July 1, 1863, Vincent and his men were hurrying toward the battlefield under a bright moon. When the soldiers passed through a small town near Gettysburg , the regiment bands began to play and residents came to their doors to cheer the Yankee troops. Vincent remarked to an aide that there could be a worse fate than to die fighting in his home state with the flag overhead. The next day, as Vincent and his brigade were arriving behind the Union lines, General Governor K. Warren frantically summoned Vincent's force to the top of Little Round Top, a rocky hill at the end of the Federal line. Warren observed that the Confederates could turn the Union left flank by taking the summit, which was occupied by only a Yankee signal corps at the time. So Vincent and his men hurried up the hill, arriving just ahead of the Rebels. The brigade held the top, but just barely. Vincent was mortally wounded in the engagement and died on July 7. He was promoted posthumously to brigadier general. http://members.aol.com/CWSurgeon0/indexV.html 
http://www.oldgloryprints.com/What%20Are%20Your%20Orders.htm 
http://www.hauntedfieldmusic.com/Vincent.html 
    1849-birthday of African-American Congressman Thomas Ezekiel Miller.http://bioguide.congress.gov/scripts/biodisplay.pl?index=M000757 
http://www.scsu.edu/News/lineage.htm 
   1852-- On this date the New York State Temperance Society met in Syracuse for its annual convention. Susan B. Anthony, Gerrit Smith, and Amelia Bloomer were delegates appointed to the convention by the Woman's State Temperance Society, which Anthony had founded the previous April. because the convention refused to accept the credentials of the women delegates or allow them to speak, the women and their supporters adjourned to the Wesleyan Chapel where they held their own meeting. Anthony delivered a speech, which was published in the July, 1852 issue of Stone' magazine The Lily. The address is one of the earliest given by Anthony who would become the most articulate spokesperson of the movement
    1859 - Hot Santa Ana winds in southern California roasted fruit on one side at Santa Barbara.
    1863-Battle of Aldie, Confederates fail to drive back the Union Army in Virginia .http://americancivilwar.com/statepic/va/va036.html 
http://members.cox.net/johnahamill/aldie.html 
    1865- Dr. Susan LaFlesche Picotte birthday - Native American and U.S. physician. Under the sponsorship of the Women's National Indian Association that was founded in 1880 by Mary L. Bonney and Amelia S. Quinton, SLP graduated a 3-year medical course in 2 years. She finished at the head of her class not yet 24 years of age. She returned to practice medicine primarily with the Omaha tribe although her practice at times included almost as many whites as Indians. It has been estimated that this remarkable woman who braved blizzards and dust storms treated every member of the Omaha tribe in the 25 years of her practice. 
http://www.americanwest.com/pages/picotte.htm 
http://www.nde.state.ne.us/SS/notables/picotte.html 
http://www.cfra.org/center/picotte.htm 
    1871-birthday of James Weldon Johnson, African American poet, diplomat, songwriter and culturist of black history, born Jacksonville , FL. ( lower half ofhttp://memory.loc.gov/ammem/today/jun17.html ) 
    1882 - A tornado traveled more than 200 miles across the state of Iowa killing 130 persons. The tornado touched down about ninety miles west of Grinnell, and struck the town and college around sunset, killing sixty persons, and causing more than half a million dollars damage. Traveling at nearly 60 mph, the tornado hit Mount Pleasant about 11 PM causing another half million dollars damage.
    1894-A poliomyelitis epidemic occurred in Vermont . Between June 17 and September 1, 123 cases appeared in Rutland and Wallinigford. The first major urban polio epidemic took place in the summer of 1916 in New York City , where 9,000 children were stricken and 2,400 died. 
    1907-jazz reedman Gene Sedric born St. Louis , Mo.http://www.rainerjazz.com/Interpreten/Sedric_G_001.htm http://www.centrohd.com/biogra/s1/gene_sedric_b.htm 
    1910- country music star Red Foley was born in Bluelick , Kentucky . Foley, elected to the Country Music Hall of Fame in 1967, was the first country star to have a network radio show, "Avalon Time," in which he co-starred with Red Skelton, beginning in 1939. Foley's recordings for the Decca label were extremely popular, and in 1950 he had no less than three million-sellers - "Chattanoogie Shoe Shine Boy," "Steal Away" and "Just a Closer Walk With Thee." He continued his success with religious material in 1951, scoring another million-seller with "Peace in the Valley." Foley was a star on the Grand Ole Opry in the 1940's. In 1954, he moved to Springfield , Missouri , where he became the host of "Ozark Jubilee," one of the first successful country TV series. During the early '60s, he starred with Fess Parker in the TV series "Mr. Smith Goes to Washington ." Red Foley died in 1968. 
http://www.bellenet.com/foley.html 
http://www.countrypolitan.com/bio-red-foley.php 
    1914-birthday of John Hersey, American novelist, born at Tientsin , China , who wrote “A bell for Adano”, which won the Pulitzer Prize in 1945. “The Wall” and “ Hiroshima ” are both based on fact and set in Poland and Japan respectively in World War II. Died at Key West , FL March 24,1993. 
    1917- singer and actor Dean Martin, whose real name was Dino Crocetti, was born in Steubenville , Ohio . He first gained fame as part of a comedy team with Jerry Lewis. When the duo broke up in 1956, Martin's career as both a singer and actor blossomed. His nonchalant, tongue-in- cheek approach proved very popular, as evidenced by his long-running TV show in the 1960's and '70s. Martin's record hits in the 1950's and '60s included "That's Amore," "Memories Are Made of This" and "Everybody Loves Somebody." He died on Christmas Day 1995. 
http://www.deanmartinfancenter.com/ 
http://www.deanmartin.com/ 
http://www.monmouth.com/~rio1dude/ 
http://www.sinatra.clanpage.de/ 
    1921-clarinest Tony Scott born Morristown , NJ . http://www.tonyscott.it/ 
    1933-birthday of Maurice “Mo” Stokes, basketball player born at Pittsburgh , PA. Stokes played at S. Francis College (PA and was drafted by the Rochester Royals of the NBA in 1955. He quickly became a top performer, winning the Rookie of the Year award in 1955-56 and making the All-Star team three years in a row. Following the 1957-58 season, Stokes collapsed and went into a coma. Encephalitis made him an invalid, but treammate Jack Twyman cared for him the rest of his life. Died at Cincinnati , OH , April 6, 1970. 
    1938-the first ski lift to operated in the United States was the Cannon Mountain Tramway at Franconia, NH, a 5,400-foot suspension ride. It was suspended by giant cables 40 feet above the trees and ran from the base of Cannon Mountain to one of it speaks. I had two cars, each accommodating 27 persons, which made the trip up or down in eight minutes at the speed of a thousand feet a minute. 
    1940--Birthday of Alton Kelley, artist of San Francisco rock posters. 
http://www.wolfgangsvault.com/tx/search/search/r32p1s1/fc/poster-art/CA.html?t=ALTON+KELLEY+POSTERS 
    1943- After planning to return to his hometown and resume his career as a barber, Perry Como is signed to RCA Records. He will not only become a hit singer, but host of one the early television one hour shows for many years
    1944---Top Hits 
Long Ago and Far Away - Helen Forrest & Dick Haymes 
I'll Be Seeing You - The Tommy Dorsey Orchestra (vocal: Frank Sinatra) 
I'll Get By - The Harry James Orchestra (vocal: Dick Haymes) 
Straighten Up and Fly Right - King Cole Trio 
June 17, 1946 Barry Manilow Birthday (“This One's for You”) 
http://www.manilow.com/ 
    1943-- Barry Manilow Birthday (“This One's for You”) 
http://www.manilow.com/ 
    1947-The radio show The Adventures of Philip Marlowe debuts. Based on Raymond Chandler's groundbreaking series of hard-boiled detective novels, the producers hoped to reproduce the success of the hit radio drama The Adventures of Sam Spade, which ran from 1956 to 1941. Chandler's character Marlowe had already appeared on the silver screen four times, notably in The Big Sleep (1946), starring Humphrey Bogart. The character failed to translate well to the radio, though, and the series lasted only a few months. 
    1950-In a 45-minute operation witnessed by 40 visiting surgeons and doctors at Mary Hospital, Chicago, Il, Dr. James Ward West removed a healthy kidney from the body of a woman who had died. Dr. Richard Harold Lawler transplanted the kidney into the renal pedicle of a patient from who a polycystic left kidney had been removed, and the first kidney transplant was complete. 
    1952---Top Hits 
Kiss of Fire - Georgia Gibbs 
Be Anything - Eddy Howard 
I'm Yours - Eddie Fisher 
The Wild Side of Life - Hank Thompson 
    1954-The US organized the government of the US Virgin Island. 
    1954-Televised Senate Army McCarthy hearings ends; perhaps 
the finest hour of this medium which exposes McCarthy as a charlatan 
who many are afraid to oppose because they do not want to be labeled 
a communist ( ironically, McCarthy never exposed one unknown communist).
    1955-After a month of booking gigs in larger venues in Dallas and Houston, colonel Tom Parker arranges a meeting with Elvis Presley's manager, Bob Neal, which results in an agreement that will see the Colonel handle Presley's show dates and career strategy from now on. 
    1955- Eddie Fisher marries Debbie Reynolds in Hollywood. The couple would divorce in 1959 after Fisher was discovered to be carrying on an affair with Liz Taylor. One of the most popular singers of the day, he will lose his audience over the affair.
    1960---Top Hits 
Cathy's Clown - The Everly Brothers 
Everybody's Somebody's Fool - Connie Francis 
Burning Bridges - Jack Scott 
Please Help Me, I'm Falling - Hank Locklin 
    1968---Top Hits 
Mrs. Robinson - Simon & Garfunkel 
This Guy's in Love with You - Herb Alpert 
Mony Mony - Tommy James & The Shondells 
Honey - Bobby Goldsboro 
    1961-Ben E. King enjoys his biggest hit as "Stand By Me" reaches #4 on the Billboard singles chart. The same song would re-appear on the Hot 100 in 1986, reaching #9 after it was featured in the River Phoenix film of the same name. 
    1966- Paul McCartney buys the farm in Kintyre, Scotland, that would later inspire his 1977 megahit ballad "Mull of Kintyre."
    1967- Barbra Streisand sings for 135,000 fans at her concert in New York's Central Park, later released as the CBS-TV special and soundtrack album A Happening in Central Park. 
    1967-The Hollies' "Carrie Ann" is released in the US, where it will reach #9. 
    1967-The Hollies' "Carrie Ann" is released in the US, where it will reach #9. 
    1968-The Ohio Express are awarded a Gold record for their Bubble Gum hit, "Yummy, Yummy, Yummy." 
    1971-Carole King saw her "Tapestry" album hit number 1 in the US for the first of 15 consecutive weeks. The LP contained such classic tracks as "It's Too Late", "I Feel the Earth Move", "So Far Away", "Will You Love Me Tomorrow?" and "You've Got a Friend". The Grammy Award winning disc is considered by many to be one of the best Rock 'n' Roll albums of all time. 
    1972-Five are arrested for the break-in at Democratic Party Headquarters ( in Watergate complex, Washington , DC ). They had previously placed wire taps and searched the headquarters on a regular basis, but leaving a rear-door unlocked made a building security guard suspicious. The arrests led to revelations of political espionage, threats of imminent impeachment of the president, and, on August 9,1974, the resignation of President Richard M. Nixon. It is doubly ironic that Nixon was way ahead in the poll primarily because his opponent Senator George McGovern of South Dakota was not strongly supported by the Democratic Party, although he had sworn he would end the Viet Nam War 90 days after he was elected. 
http://www.watergate.com/ 
http://sc94.ameslab.gov/TOUR/watergate.html 
    1976---Top Hits 
Silly Love Songs - Wings 
Get Up and Boogie (That's Right) - Silver Convention 
Misty Blue - Dorthy Moore 
I'll Get Over You - Crystal Gayle 
    1976-Four teams from the American Basketball Association joined the National Basketball association as the ABA went out of business after nine years. The four teams, the Denver Nugges, Indiana Pacers, New York Nets and San Antonio Spurs bought the total number of teams in the NBA to 22. 
    1978-Andy Gibb became the first solo artist in the history of Billboard's Hot 100 to have his first three releases reach number one, when "Shadow Dancing" hit the top of the chart. Since then, Michael Jackson had four number ones in a row and Mariah Carey had five. "Shadow Dancing" would be the best selling single in the US in 1978
    1978 - "Shadow Dancing", by Andy Gibb, reached the number one spot on the pop music charts for the first of seven weeks. Gibb had two other number one hits: "I Just Want to Be Your Everything" and "(Love is) Thicker than Water". Gibb, the youngest of the Gibb brothers who made up the Bee Gees, hosted TV's "Solid Gold" in 1981-82. Andy scored nine hits on the pop music charts in the 1970s and 1980s. He died of an inflammatory heart virus in Oxford , England in 1988.http://www.andygibb.net/ 
   1978- Grace Slick is deemed too drunk to go onstage with Jefferson Starship tonight at their concert in St. Goarhausen in West Germany, but does so anyway, singing horribly and verbally abusing the audience with Nazi taunts. The crowd riots, causing over a million dollars in damage and leading Slick to quit the band, not returning until 1983.
    1984---Top Hits 
Time After Time - Cyndi Lauper 
The Reflex - Duran Duran 
Self Control - Laura Branigan 
I Got Mexico - Eddy Raven
    1988-Microsoft releases MS DOS 4.0 
    1988 - Thunderstorms produced large hail and damaging winds in Georgia and the Carolinas. Thunderstorm winds gusted to 75 mph at Eden, NC.
    1988-Bruce Springsteen separates from Juliette Phillips 
    1988-The Givens' Family reports heavyweight Mike Tyson beats his wife actress wife Robin Givens. They later divorce on the grounds of “extreme cruelty 
    1988—Top Hits 
Foolish Beat- Debbie Gibson 
Dirty Diana- Michael Jackson 
Together Forever- Rick Astley 
Make It Real- The Jets 
    1991-The body of Zachary Taylor, the 12 th US President, was exhumed from a cemetery in Louisville , KY. Taylor died suddenly of acute gastrointestinal illness on July 9, 1850. Some historians suggested that he might have been poisoned. To test this theory, his remains were exhumed ( the first presidential body to be exhumed ). A coroner's report dated June 26 found no evidence of foul play. 
    1993-Top Hits 
That s The Way Love Goes, Janet Jackson 
Weak- SWV 
Knockin Da Boots- H-Town 
Freak Me- Silk 
    1994-the first World Cup soccer tournament was held at Soldier Field, Chicago , IL . Fourteen nations competed in the marathon tournament, with games held in nine American cities. Brazil won the cup after defeating Italy at the Rose Bowl in Pasadena , CA . 
    1994-Former football player and announcer O.J. Simpson was arrested in connection with the murder of his wife, Nicole Brown Simpson, and Ronald Goldman. Simpson had fled his home in the morning rather than be arrested. In the evening eh and his friend Al Cowlings were in Simpson's white Ford Bronco. They led a horde of police cars on a long but slow car chase on Los Angeles 's freeways and eventually wound up back at Simpson's home where he was apprehended. Television stations around the country followed these vents live, and an estimated 90 million people watched. Simpson was later acquitted. The killer(s) have allegedly never been caught.
    1994-Jun 17-July 17 The World Cup of soccer was played in the US for the first time. The international championship is held every four years. The 1994 games began in Chicago on June 17 with a match between Germany and Boliva and eneded in Los Angeles with a final betweenBrazil and Italy on July 17 with Brazil taking the Cup. Soccer, generally known as football outside the US , is the most popular spectator sport in the world, though it has never achieved great status in the US above the amateur level. The games were watched on television by billionis of fans around the world. John Madden has suggested there is not room for television commercials and thus the networks do not broadcast these games.
    2008-Boston Celtics rout LA Lakers, 131-92
    2009-60-year-old Billy Joel and his third wife, 27-year-old Katie Lee Joel announced that were splitting up after nearly five years of marriage. Joel's nine-year union with model Christie Brinkley ended in 1994. His nine-year marriage to Elizabeth Weber, for whom he wrote "Just the Way You Are", ended in 1982. It's believed that Billy had a prenuptial agreement to protect the millions his many hits have earned.