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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
   

 

Equipment Leasing Account Executive

To learn more, please click here

 Contract Administrator Position Available

To learn more, please click here

What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us.

www.coretechleasing.com
CoreTech specializes in medium to
large size companies and firms
Over 100 law firms trust CoreTech for their leasing needs, why wouldn't you?

 


Monday, October 2, 2017

Today's Equipment Leasing Headlines

Position Wanted – Operations
 Work Remotely or Relocate for Right Opportunity
Top Stories: September 25 - September 27
  (Opened Most by Readers)
Lease $mart
 Joins "Broker/Lessor" List "A"
The Complaint Process for Leasing and Finance Associations
   ELFA, NAELB, NEFA
Leasing Industry Ads
---Help Wanted
Leasing 102 by Mr. Terry Winders, CLFP
   TRAC Leasing
Federal Reserve Approves China Bank Branch
   in Los Angeles
Former Bank Teller Pleads Guilty To Stealing Almost $200,000
   from Homeless Customer by Amy Held, NPR.org
$9 Million Green Energy Fraud Catches up
 with Wisconsin Entrepreneur by Bob Coleman, Coleman reports
Optimism Wins Out
  as NACM’s CMI Hits High for the Year
CFPB survey shows more than 40 % of households
  struggle to cover regular bills
    By SubPrime Auto Finance News Staff
LabCur Mix
 Ocala, Florida  Adopt-a-Dog
News Briefs---
The SEC Filed Fraud Charges Against 2 ‘Initial Coin Offerings’
 prosecute the creator of two stock-like “ICOs,” or Initial Coin Offerings
Airtel Payments Bank Now Comes with UPI Integration
   for Offline & Online Payments
Think Charlotte isn’t a financial tech hotspot?
  The most powerful woman in banking begs to differ

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

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device 

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 Baseball Poem
  Sports Brief----
   California Nuts Brief---
   "Gimme that Wine"
     This Day in History
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        GasBuddy
         Weather, USA or specific area
          Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.

 

Please send a colleague and ask them to subscribe. We are free.
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[headlines]

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

Position Wanted – Operations
Work Remotely or Relocate for Right Opportunity

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.

Operations


5 time Presidents Club Franchise Player with 20+ years in Logistics, Collections, Technology Pricing/Appraisal ( NAPA) Certified, Portfolio Appraisal Inventory receivable proficient, Management Control System Developer & Specialist. Proactive communications & Equipment Dealer Specialist for Healthcare/Printing/Office Equipment & Industrial portfolios. Specialist in ALL Inventory receivable channels.
Daniel.Delpriora@gmail.com

 

 

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

Top Stories: September 25 - September 27
(Opened Most by Readers)

(1) Ascentium Capital Class Action Suit Settled?
               Exclusive
  By Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Sep2017/09_29.htm#ascentium

(2) Class Action/Ascentium Settlement Nearing Resolution
     By Christopher Menkin
http://leasingnews.org/archives/Sep2017/09_27.htm#class

(3) Alleged $11.5 Million Lease Fraud in Canada
   12 Arrested, Facing 96 Charges, Canadian Police Report
http://leasingnews.org/archives/Sep2017/09_25.htm#alleged

(4) Equipment Leasing Account Executive Needed
             Account Managers Wanted
http://leasingnews.org/archives/Sep2017/09_27.htm#ads_help

(5) New Hires/Promotions in the Leasing Business
      and Related Industries
http://leasingnews.org/archives/Sep2017/09_29.htm#hires

(6) Target Lease Capital
   Joins Leasing News Funder "A" List
http://leasingnews.org/archives/Sep2017/09_25.htm#targeted

(7) Don't Fear the Unsubscribe
           FinTech #102 by Alex Vasilakos
http://leasingnews.org/archives/Sep2017/09_29.htm#fintech

(8) Leasing #102 by Mr. Terry Winders, CLFP
       The Use of Lese Proposals
http://leasingnews.org/archives/Sep2017/09_27.htm#use

(9) Commitment to Lease or Make Loan Agreements
    With Examples
http://leasingnews.org/archives/Sep2017/09_27.htm#commitment

(10) Fired Tulsa banker committed fraud
      to pay his bookie nearly $200,000, feds say
http://www.tulsaworld.com/news/courts/fired-tulsa-banker-committed-fraud-to-pay-his-bookie-nearly/article_0e155992-fdbf-556e-954d-5c3dafcae98a.html


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

Joins "Broker/Lessor" List "A"

Name
City, State 
Contact
Website
Leasing Association
YCS
YELB
(see below for meaning)
# of Empl.
Geographic Area
Minimum 
Dollar
Amount
Business Reports
A
B
C
D
E

Lease $mart
(YorksPeach LLC, dba)
Ocala, Florida
Gary Greene, CLFP, BPB
520-329-2322
Fax: 520-628-9949
Skype: LeaseSmart
GGreene@Lease-Smart.com
www.lease-smart.com

1988
33
2
USA
$5,000 to $500,000
Y
Y
Y
Y
Y


Third Column: YCS - Year Company Started | YELB - Years in equipment Leasing Business

A - City Business License | B- State License
| C - Certified Leasing Professional | 
D - State(s) sales/use tax license |
E - Named as "lessor" on 50% or more of lease contract signed. |

Full List “Broker/Lessor” List “A”
http://www.leasingnews.org/Brokers/broker_Lessor.htm

 

 

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

The Complaint Process for Leasing and Finance Associations
CLFP, ELFA, NAELB, NEFA

The Leasing and Finance Associations have procedures to consider complaints about its members, often to resolve an issue or take other action. 

Here are synopses along with a copy of the full procedure.

The CLFP Foundation complaint procedure is very similar to the National Association of Equipment Leasing Brokers. It may be due to the involvement of Joseph Bonano, CLFP, former legal counsel for the NAELB as well when he was active on the Board of Directors of the CLFP Foundation.

The party making the complaint cannot be in litigation on the matter for the Executive Director to renew the situation. The procedure requires a response from the party making the complaint, and if none, "the charges may be deemed admitted. (If a response is received), it is up to the Board of Directors to resolve the matter…if no response received within ten calendar days, the Respondent will be held to be in violations of the Standards.” If the matter remains unresolved between the parties after the Board considers both sides, “the Board has total discretion to take whatever action it deems appropriate. The action may include, but is not limited to, dismissal of the complaint, private censure, probation, public censure, suspension of the respondent's status as a CLFP in Good Standing or removal of CLFP in Good Standing status."

Reid Raykovich, CLFP, Executive Director informs Leasing News, "the Complaint Procedure will be revisited and possibly rewritten during our Board retreat in January."

CLFP Complaint Procedure (2 pages)
http://www.leasingnews.org/PDF/CLFPComplaintProcedure.pdf

 

 The Equipment Leasing and Finance Association states:
"Article VII(2) of the Bylaws provides that a Member may be censured, suspended or expelled from the Association for violating the Code of Fair Business Practices of the Association. Accordingly, the disciplinary actions that the Association may take in the event of a violation of the Code include:

  1. private censure;
  2. public censure;
  3. probationary membership with such conditions as may be determined by the Association;
  4. suspension of membership for a term and on such conditions as may be determined by the Association;
  5. expulsion from membership; and (f) non-renewal of the membership of the Member."

The Complaint Procedure is specific that the complaint is sent by the President to Members of the Association Fair Business Practices Committee. If the committee may ask for more information, documents, or affidavits in support of the complaint. If the majority thinks it is valid, the Respondent is afford 30 days to reply, which is to go before the committee and person with the complaint.  If then not dismissed, a hearing may be requested by either party, which others may testify at the hearing.  A two-thirds vote of the committee members is required to censure, suspect or expel a respondent. The Respondent may appeal to the full Association Board of Directors, where it takes two-thirds votes to overturn. No member of the Committee, and no Director that is a representative of an Association member that initiated the Complaint or is the Respondent, may be present during, or participate in, the voting.

Official Procedure from ELFA website:
https://www.elfaonline.org/about/principles-of-fair-business-practices/view-elfa's-code-of-fair-business-practices

The National Association of Equipment Leasing Brokers requires no pending litigation on the matter between parties to consider a complaint. The NAELB Legal Counsel contacts all parties and tries to resolve the issue and if not, the matter is moved to the Ethics Committee for resolution.  If that also fails to achieve a resolution, the matter is moved to the full board. Only the board has the authority to take no action or expel someone.

The process is being updated, but this was process as explained to Leasing News in the past:

"In order to be as fair as possible to all parties, the NAELB has a very structured course of action in the handling of ethics matters.  Consequently, individual Board members are not officially notified of any action until such time as A:  The parties with the help of our Counsel are unable to resolve the issue.  B:   The Ethics Committee votes to forward the complaint to the entire Board of Directors for resolution.

"The following is a brief overview of how the procedure works"

"The complaining party must file the complaint in writing on their letterhead outlining the details of the complaint coupled with supporting documentation.  The complaint may not be filed by a third party such as an attorney or broker on their behalf.  The Association, as you can imagine, has no desire to be used as a pawn or drawn into any legal proceedings and the complainant is advised of that at the time the action is “officially” received.  We let both parties know, should the matters evolve into a legal dispute, and all actions will be put on hold until such time as the legal issues are resolved.
 
“After the complaint is filed, the NAELB Counsel contacts the other party and advises them of the complaint.  After hearing both sides, the Counsel will attempt to resolve the issue.  If he is unsuccessful then all documents, in redacted form, are presented to the Ethics Committee consisting of two Brokers and two Lenders.  If the majority of the Ethics Committee votes for further action it is then presented to the Board of Directors for disposition.”

Official Procedure from the NAELB Website:
https://higherlogicdownload.s3.amazonaws.com/NAELB/428526f6-ca58-4f47-9a01-08937fe2f53f/UploadedImages/PDF/NAELB_Ethics_Complaint_-_Procedures_and_Instructions.pdf 

The National Equipment Finance Association has a Standards Committee which requires a filing fee of $250, unless the Complaint is made by the board, in which case there is no fee. A certified letter is required with return receipt requested.

There are stipulation as to the process and involvement of Committee members, but at this point the committee may dismiss or move forward. Perhaps the vote is by majority, as it appears the only necessary matter is a quorum must be at least five members present. If moved forward, a member is appointed as a "Facilitator," who may be able to resolve the matter, and should not, a hearing is the next step. "Every party has the right to present witnesses, pertinent evidence, and submit questions for the Committee to examine witnesses. There will be no cross examination; the Committee shall conduct all questioning of witnesses. Evidence shall be oral testimony, declarations, authenticated documents, or other papers verified to the Committee’s satisfaction. "

"The Complainant and Respondent(s) have the option to agree to have an authorized Complaint be resolved by a single decision maker, with this option operating as (specifically spelled out in the NEFA Bylaws).
"Any party to a case not satisfied with the Committee’s decision, may file a written appeal to the Board by filing same within sixty (60) days after the Committee’s decision is filed. A filing fee of $100 must accompany the appeal."

"At the hearing before the Board, the Committee Chairperson shall present a summary of the case. Each party shall be heard to correct the summary, if he/she wishes to do so. Each party may present to the Board his/her reasons why the Committee’s decision should be followed or not, but no new evidence shall be presented."

 NEFA Dispute Resolution Producer from their Website (9 pages)
http://www.leasingnews.org/PDF/NEFAStandardsCommittee2017.pdf

 


 

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


Equipment Leasing Account Executive

To learn more, please click here

 Contract Administrator Position Available

To learn more, please click here

What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us.

www.coretechleasing.com
CoreTech specializes in medium to
large size companies and firms
Over 100 law firms trust CoreTech for their leasing needs, why wouldn't you?


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

TRAC Leasing

TRAC leasing dominates the truck market but many lessors forget it also covers executive cars, pickups and light duty transportation equipment of all kinds if it carries a license to be used “over the road.”

In 1984 The U.S. Congress passed the Terminal Rental Adjustment Clause for licensed “over the road use” transportation equipment. This means; business use cars, trucks, trailers etc. The 1986 Code – Subtitle F, Ch.79 defines a TRAC clause as:

“(A) In General, For purposes of this subsection, the term “terminal rental adjustment clause” means a provision of an agreement which permits or requires the rental price to be adjusted upward or downward by reference to the amount realized by the Lessor under the agreement upon sale or other disposition of such property.”

There seems to be some misunderstanding that only the short fall must be made up by the lessee and the lessor can keep the overage if one occurs. This is false as you can see from the definition above.

Sec.7701(h) goes on to say:

(h)Motor Vehicle Operating Lease,
(1) In General, for purposes of this title, in the case of a qualified motor-vehicle operating agreement which contains a terminal rental adjustment clause;
     (A) Such agreement shall be treated as a lease if (but for such terminal rental adjustment clause) such agreement would be treated as a lease under this title, and
     (B) The lessee shall not be treated as the owner of the property subject to an agreement during any period such agreement is in effect
(2) Qualified Motor Vehicle operating agreement defined for purposes of this sub section,
      (A) In General,  the term “qualified motor vehicle operating agreement” means any agreement with respect to a motor vehicle (including a trailer) which meets the requirements of subparagraph (B), (C), and (D) of this paragraph.
     (B) Minimum Liability of Lessor:  An agreement meets the requirements of this subparagraph if under such agreement the sum of.
              i. The amount the Lessor is personally liable to repay, and
              ii. The net fair market value of the Lessor’s interest in any property pledged as security for property subject to the agreement, equals or exceeds all amounts borrowed to finance the acquisition of property subject to the agreement. There shall not be taken into account under clause (ii) any property pledged which is property subject to the agreement or property directly or indirectly financed by indebtedness secured by property subject to the agreement.
    (C) Certification by Lessee: Notice of Tax Ownership, An Agreement meets the requirements of this subparagraph if such agreement contains a separate written statement separately signed by the Lessee,
i. under which the Lessee certifies, under penalty of perjury, that it intends that more than 50% of the use of the property subject to such agreement is to be in a trade or business, and
ii. which clearly and legibly states that the Lessee has been advised that it will not be treated as the owner of the property subject to the agreement for Federal income tax purposes.
      (D) Lessor must have no knowledge that certification is false, and agreement meets the requirements of this subparagraph if the Lessor does not know that the certification described in subparagraph
      ( C) (i)
       is false.

I believe you can read that each and every TRAC clause must have the signed statement that the transportation equipment will be use more than 50% of the time for business even if it appears that a cement truck (as an example) could not be used for personal proposes.

In additional rulings the IRS has stated that “business use” means carrying people or goods for hire. There has always been a question of allowing permanently attached items to be included in the TRAC and it appears the IRS position is that the attachment must be used in the transportation segment because if it is just being transported to a location where it will be put to use such as a attached crane on the back of the truck then the truck is not transportation equipment any longer. However there are many schools of thought on this subject and I have not been able to find any case law to settle the issue.

TRAC leasing is very much a Tax lease and the lessor will have to take the payments in as income and use the MACRS depreciation to reduce the Tax effect.


Terry is now retired. The above is updated from a prior column.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

 


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

Federal Reserve Approves China Bank Branch
in Los Angeles

The Federal Reserve has approved an existing limited federal branch in Los Angles of the Bank of East Asia to become a full-service branch. A limited branch is prohibited from accept deposits locally but can receive deposits out of the United States with the purpose of carrying out transactions in foreign country.  A full-service branch would permit the branch to accept wholesale domestic deposits.

The Bank of Asia is the sixth largest bank in Hong Kong with total consolidated assets of $101.0 billion.

Bank of East Asia Federal Reserve Approval (8 pages)
http://www.leasingnews.org/PDF/BankEastAsiaApproval2017.pdf

 



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

Former Bank Teller Pleads Guilty To Stealing Almost $200,000
From Homeless Customer by Amy Held, NPR.org

 

A onetime bank teller in Washington, D.C., stole tens of thousands of dollars from a homeless customer who earned money as a street vendor, according to the U.S. Attorney's Office.

Phelon Davis, 29, pleaded guilty in federal court to a charge of interstate transportation of stolen property, which carries a maximum prison sentence of 10 years.

Davis was working as a teller at a Wells Fargo branch in the upscale neighborhood of Georgetown, reports The Washington Post. In October 2014, a longtime bank customer, who was not named in court filings, tried to deposit thousands of dollars from a garbage bag into one of his accounts, but the accounts had gone dormant owing to inactivity.

"In reviewing the customer's accounts, Davis noticed that the customer had a surprisingly large balance," according to the U.S. attorney's release. Davis instructed the customer to get identification documents and a Social Security card to reactivate the accounts. Davis then used that information to fraudulently open a new account in the customer's name.

Over the course of two years, Davis transferred money to the new account, using ATMs 144 times and withdrawing a total of $185,440. He used the money to fund a lavish lifestyle, taking vacations to Jamaica, Aruba and Mexico, putting a down payment on his home and paying off personal debt.

The customer, having no access to a computer, was not receiving bank statements and knew nothing of the scam, said the Department of Justice.

Court filings do not say how a homeless person would have so much money. "That's the million-dollar question," Bruce Allen Johnson Jr., Davis' attorney, said outside the D.C. courtroom.

Court documents also do not show how Davis got caught.

 

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

$9 Million Green Energy Fraud Catches up
with Wisconsin Entrepreneur


by Bob Coleman, Coleman reports

The concept is simple. Turn yucky, used grease from fast food restaurant fryers into renewable energy — and cash.

Implementation is the problem. Especially when the owner loots his companies to maintain the lifestyle expected of a successful entrepreneur — allegedly says the feds.

According to a guilty plea agreement from one his bankers last year, “all of the witnesses agree that Ron and Kelly Van Den Heuvel lived a high-end lifestyle including an expensive house, another residence in Florida, expensive automobiles, a live-in nanny, expansive use of credit cards and a private plane. All this despite little evidence of actual business activity by any of Ron’s business entities.”

Van Den Heuvel, 62, has left a trail of creditors holding the bag from his many companies.

(Remember, one red flag of loan fraud is a myriad of companies controlled by one person, making it impossible to figure out global cash flow.)

Unfortunately, Paul Piikkila, 52, got caught up in this mess. Formerly with Horicon Bank Paul was the banker pleading guilty last year to loan fraud. Seems he loaned more than $700,000 to Ron through a series of straw buyers and sham transactions after Horicon Bank told Paul to cut off Ron’s credit. To his peril he kept the money train running.
Now, Paul is a government witness.
.
Another creditor is Wisconsin Economic Development Corp. You may recall this came up during the Republican nomination to Governor Scott Walker’s embarrassment. Charges of failed government oversight and favoritism plague WEDC — “which was used as an ATM for Governor Walker donors.”

Back in 2011 Ron snagged a cool $1 million loan for Green Box from WEDC — which of course went right into Ron and Kelley’s bank accounts.

Fast forward to today. A federal grand jury indicted Ron on 14 new fraud and money laundering charges this week.

“The indictment alleges that Van Den Heuvel fraudulently obtained over $9 million in loans and investments for his eco-friendly “Green Box” business plan but diverted much of the funds to his own purposes.

“From 2011 through 2015, Ronald Van Den Heuvel was a businessman in the Green Bay area promoting his Green Box process. The indictment alleges that Van Den Heuvel claimed that the Green Box process could turn post-consumer waste from sources like fast food restaurants completely into usable consumer products and energy. Van Den Heuvel obtained over $9 million in loans and investments, having falsely pledged to use the funds for Green Box operations. Van Den Heuvel spent much of the funds to pay old debts and personal expenses, including a new Cadillac Escalade, pricey Green Bay Packers tickets, and court-ordered support payments to his ex-wife.

“As alleged in the indictment, Van Den Heuvel defrauded a range of victims, including individual acquaintances, the Wisconsin Economic Development Corporation, a Canadian private investment firm, and Chinese investors in the EB-5 immigrant investor program. In October 2011, the WEDC provided Green Box NA Green Bay, LLC, one of Van Den Heuvel’s companies, with a loan of $1,116,000. The funds were to be used solely to purchase certain equipment to allow for the creation of 116 jobs in a Green Box operation in De Pere, Wisconsin. Instead, Van Den Heuvel diverted large amounts of WEDC funding to his own ends and then submitted false certifications claiming to have spent the funds properly. In addition, in January 2012, the WEDC awarded Green Box NA Green Bay, LLC with a $95,500 grant to reimburse the company for the costs of training new workers. To draw the grant funds, Van Den Heuvel submitted fraudulent time records for training that never happened.

“Separately, the United States Securities and Exchange Commission announced today that it filed a civil lawsuit against Van Den Heuvel and Green Box Detroit in the United States District Court for the Eastern District of Wisconsin. The SEC alleges that Van Den Heuvel violated securities laws by defrauding the Canadian investment firm and EB-5 investors.”

Ron faces the obligatory hundreds of years in jail and millions of dollars in restitution and fines.

bob@colemanreport.com
Coleman Report, 28081 Marguerite Pkwy., #4525, Mission Viejo, CA 92690

 

 

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

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

Optimism Wins Out
as NACM’s CMI Hits High for the Year

Creditors agree with the positive growth appearing in the economy as the September economic report from the National Association of Credit Management continues its gains.

What started as sprouts of optimism in August may be blossoming into a full-grown trend. The Credit Managers’ Index (CMI) from NACM registered an increase in September, coming in at 56.5, the best number it has achieved so far in 2017.


Chris Kuehl, Ph.D.
NACM Economist

“The hope is that this may be the start of a nice little trend for the end of the year,” said NACM Economist Chris Kuehl, Ph.D.

The majority of progress was noticeable in the favorable factors, with some weakness remaining in the unfavorable. The combined score for 'favorables' is at its highest since April, at 63.5, with all favorable-factor categories in the 60s. Though the combined score for unfavorable factors has not reached much into expansion territory, most of its categories are now in the 50s.

Among 'favorables", the sales category hit its best reading of the year. The most volatile category, dollar collections, returned to the 60s in September, while the amount of credit extended stayed about the same. "There is still evidence that most of the credit is being issued to some of the larger companies," Kuehl said.

Improvement among 'unfavorables' is more subtle, but all except one have escaped the contraction zone. Though the 'unfavorables' remain close to contraction, they are all trending positive, Kuehl noted. The accounts placed for collection reading is now above 50 for the first time this year, and the disputes number is at its highest for the year. Some improvement was also seen in the filings for bankruptcy reading. One of the most closely watched readings, dollar amount beyond terms, is also back in expansion territory.

“Once more, there may be some expectation of stability and a trend toward the positive,” Kuehl said. “The favorable factors are improving, but the unfavorable numbers are still lagging badly.”

For a complete breakdown of the manufacturing and service sector data and graphics, view the September 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 14,000 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]
--------------------------------------------------------------

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

CFPB survey shows more than 40 % of households
struggle to cover regular bills
By SubPrime Auto Finance News Staff

WASHINGTON, D.C. - More evidence arrived this week indicating how some contract holders in your portfolio might be struggling to maintain their finances. This time, the research came from the Consumer Financial Protection Bureau.

The CFPB’s latest survey showed that more than 40 percent of U.S. adults struggle to make ends meet.

The National Financial Well-Being Survey was conducted by the CFPB in 2016. Using the 10 question scale developed by the CFPB, the bureau insisted its survey provides the first-ever national data directly measuring the financial well-being of U.S. consumers. Upon answering the 10 questions provided, consumers were given a score from 0 to 100.

In the survey, the average consumer score was 54.

Bureau officials explained the consumer sample used to conduct the survey was designed to be representative of U.S. households.

In addition to responding to the questions which are included in the financial well-being scale, people participating in the survey answered questions about a host of other measures. These measures include individual, household, and family characteristics; income and employment; savings and safety nets; financial experiences; and money behaviors, skills and attitudes.

Of the nationally representative sample of consumers surveyed, the CFPB reported 43 percent of consumers report struggling to pay bills.

Additionally, more than one third — 34 percent — of all consumers surveyed reported experiencing material hardships in the past year. For the survey, examples of material hardships include running out of food, not being able to afford a place to live, or lacking the money to seek medical treatment.

“These survey results are beginning to measure and examine the financial well-being of consumers,” CFPB director Richard Cordray said. “And the new tool we are releasing allows consumers to measure their own financial well-being and helps them take better control of their financial futures.”

Financial Well-Being in American  (112 pages)
http://www.leasingnews.org/PDF/FinancialWellBeing2017.pdf

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

 


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

LabCur Mix
Ocala, Florida  Adopt-a-Dog


"Joy is a lab/cur mix and one year of age, and female. She was surrendered to us as a stray and beautiful. Come by and take a look!"

Shelter Location
Hyman Society of Marion County
701 NW 14th Rd, Ocala, FL 34475
Thursday – Tuesday: 10:00AM – 6:00PM
*Closed on Wednesdays

PetSmart:
Dog adoptions -
Friday & Saturday 10 – 3

Contact Form:
http://www.thehsmc.org/about-us/contact-us/
(352) 873-7387

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


[headlines]
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News Briefs----

The SEC Filed Fraud Charges Against 2 ‘Initial Coin Offerings’
 prosecute the creator of two stock-like “ICOs,” or Initial Coin Offerings
http://fortune.com/2017/10/01/sec-ico-fraud-charges/

Airtel Payments Bank Now Comes with UPI Integration
   for Offline & Online Payments
http://androidadvices.com/airtel-payments-
bank-now-comes-upi-integration-offline-online-payments/

Think Charlotte isn’t a financial tech hotspot?
 The most powerful woman in banking begs to differ
https://www.charlotteagenda.com/104984/think-charlotte-isnt-financial-tech-hotspot-powerful-woman-banking-begs-differ/

 

Equipment Leasing Account Executive

To learn more, please click here

 Contract Administrator Position Available

To learn more, please click here

What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us.

www.coretechleasing.com
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You May Have Missed---

What Is Bitcoin, and How Does It Work?
https://www.nytimes.com/2017/10/01/technology/what-is-bitcoin-price.html

[headlines]
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Baseball Poem

October
  by Hester Jewell Dawson

the high fly ball,
arches out above left field,
hangs there in the sky
outblazing the sun
while fifty thousand heads swings and cry
"Over the wall! Over the wall!"

then hold, fixed and dumb
as the ball drops
down and down, a dead bird
into a waiting glove

and there you have it: the song,
the flight, the perilous whisper of truth
or of love or possibly of faith

then the descent
and the end of the game


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Sports Briefs----

Week 4 NFL Round-up
https://www.si.com/nfl/2017/10/01/week-4-reactions-analysis-breakdown-saints-dolphins-london

MLB post-season guide
http://www.espn.com/mlb/story/_/page/playoffs17_MLBhome/complete-coverage-every-series

The Yankees’ regular season is over, and the fun begins
http://nypost.com/2017/10/01/the-yankees-regular-season-is-over-and-the-fun-can-begin/

N.F.L. Players Continue Kneeling During Anthem;
Raiders Lose Derek Carr
https://www.nytimes.com/2017/10/01/sports/nfl-trump-anthem.html

Patriots search for “better” after 2-2 start
https://www.yahoo.com/sports/patriots-search-better-2-2-214445957.html

 


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California Nuts Briefs---

Cable cars’ popularity takes huge hit with $7 fare
http://www.sfchronicle.com/bayarea/matier-ross/article/Cable-cars-popularity-takes-huge-hit-with-7-12242644.php?cmpid=gatehp

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“Gimme that Wine”

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

 Survey: Wineries Plan to Raise Prices, Production
https://www.winesandvines.com/news/article/190147/Survey-Wineries-Plan-to-Raise-Prices-Production

Why You Want to Pay More for Wine
https://www.wine-searcher.com/m/2017/09/why-you-want-to-pay-more-for-wine?h=1

US wine industry pumped $219.9 billion into economy: study
http://www.northbaybusinessjournal.com/northbay/sonomacounty/7475241-181/us-wine-industry-pumped-2199?artslide=0

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

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This Day in History

     1803 - The first Roman Catholic Church in Boston was formally dedicated. Catholics had not been permitted any religious freedom within this predominantly Puritan colony prior to the Massachusetts Constitution of 1780.
    1850 - Pres. Millard Fillmore named Mormon leader Brigham Young as the first governor of the Utah Territory
    1862 - Union General Jefferson C. Davis mortally wounds his commanding officer, General William Nelson, in Louisville, Kentucky. Davis had been upset by a reprimand handed down by Nelson. After quarreling in a hotel lobby, Nelson slapped Davis. Davis then chased him upstairs and shot him. Davis was never court-martialed and it is thought that the influence of Indiana Governor Oliver Morton, who was with Davis at the time of the shooting, was instrumental in preventing a trial. Davis went on to serve with distinction at the Battles of Stones River, Chickamauga, and Chattanooga. 
    1879 - Baseball's reserve clause was created. National League owners meeting in Buffalo, seeking to limit player salaries and led by Boston’s Arthur Soden, came to a secret agreement whereby five players on each team will be "reserved" - off-limits to all other clubs, effective with the 1880 season.  The owners told the newspapers that they have agreed upon a uniform contract with no salary advances.
    1907 - Birthday of Gene Autry (d. 1998), was born Orvon Grover Autry in Tioga, Texas. ‘The Singing Cowboy,' was an actor in over 100 cowboy westerns, singer, CMA Hall of Famer and the only person to have 5 Hollywood Walk of Fame stars. They were for film, radio, TV, stage and records.  Autry made 635 recordings, including more than 300 songs written or co-written by him. His records sold more than 100 million copies and he has more than a dozen gold and platinum records, including the first record ever certified gold. His Christmas and children's records, “Here Comes Santa Claus” and “Peter Cottontail” are among his platinum recordings. “Rudolph the Red-Nosed Reindeer,” the second all-time best selling Christmas single, boasts in excess of 30 million in sales. In 1950, Autry became the first major movie star to use the television medium. Always a man of vision, Autry excelled, and for the next five years, he produced and starred in 91 half-hour episodes of “The Gene Autry Show” for CBS Television. This success lead him to produce such popular TV series as “Annie Oakley,” “The Range Rider,” “Buffalo Bill Jr.,” “The Adventures Of Champion” and the first 39 episodes of “Death Valley Days.” My father, Lawrence Menkin, wrote many of the episodes, plus served as story editor.  On November 16, 1941, Berwyn, OK it was renamed "Gene Autry" in his to honor. 
Autry is also very much remembered for his role in the formation of the Los Angeles-California-Anaheim-Los Angeles Angels of Anaheim Angels of the American League, into which he poured his considerable love for the game.  The number 26 (as in 26th man) was retired by the Angels in Autry's honor. 
http://www.cowboypal.com/genehp.html 
http://www.autry.com/geneautry/geneautry_biography.html 
http://www.cowboypal.com/genehp.html
http://www.autry.com/geneautry/geneautry_biography.html
    1908 - Birthday of Thomas Edward (Eddie) Tolan (d. 1967), Olympic gold medal sprinter, at Denver, CO. Tolan was the first black American athlete to win two gold medals, triumphing in the 100 meters and the 200 meters at the 1932 Olympics in Los Angeles. At his death, he still held the Michigan high school record of 9.8 seconds in the 100-yard dash.
    1913 – Walter Johnson won his 36th game of the year as the Senators defeated the Philadelphia Athletics, 1-0.
    1918 - EGGERS, ALAN LOUIS, Medal of Honor
Rank and organization: Sergeant, U.S. Army, Machine Gun Company, 107th Infantry, 27th Division. Place and date: Near Le Catelet, France, 29 September 1918. Entered service at: Summit, N.J. Birth: Saranac Lake, N.Y. G.O. No.: 20, W.D., 1919. Citation: Becoming separated from their platoon by a smoke barrage, Sgt. Eggers, Sgt. John C. Latham and Cpl. Thomas E. O'Shea took cover in a shell hole well within the enemy's lines. Upon hearing a call for help from an American tank, which had become disabled 30 yards from them, the 3 soldiers left their shelter and started toward the tank, under heavy fire from German machineguns and trench mortars. In crossing the fire-swept area Cpl. O'Shea was mortally wounded, but his companions, undeterred, proceeded to the tank, rescued a wounded officer, and assisted 2 wounded soldiers to cover in a sap of a nearby trench. Sgt. Eggers and Sgt. Latham then returned to the tank in the face of the violent fire, dismounted a Hotchkiss gun, and took it back to where the wounded men were, keeping off the enemy all day by effective use of the gun and later bringing it, with the wounded men, back to our lines under cover of darkness. 
    1918 - LEMERT, MILO, Medal of Honor
Rank and organization: First Sergeant, U.S. Army, Company G, 119th Infantry, 30th Division. Place and date: Near Bellicourt, France, 29 September 1918. Entered service at: Crossville, Tenn. Birth: Marshalltown, lowa. G.O. No.: 59, W.D., 1919. Citation: Seeing that the left flank of his company was held up, he located the enemy machinegun emplacement, which had been causing heavy casualties. In the face of heavy fire he rushed it single-handed, killing the entire crew with grenades. Continuing along the enemy trench in advance of the company, he reached another emplacement, which he also charged, silencing the gun with grenades. A third machinegun emplacement opened up on him from the left and with similar skill and bravery he destroyed this also. Later, in company with another sergeant, he attacked a fourth machinegun nest, being killed as he reached the parapet of the emplacement. His courageous action in destroying in turn 4 enemy machinegun nests prevented many casualties among his company and very materially aided in achieving the objective.
    1918 - LUKE, FRANK, JR., (Air Mission) Medal of Honor
Rank and organization: Second Lieutenant, U.S. Army Air Corps, 27th Aero Squadron, 1st Pursuit Group, Air Service. Place and date: Near Murvaux, France, 29 September 1918. Entered service at: Phoenix, Ariz. Born: 19 May 1897, Phoenix, Ariz. G.O. No.: 59, W.D., 1919. Citation: After having previously destroyed a number of enemy aircraft within 17 days he voluntarily started on a patrol after German observation balloons. Though pursued by 8 German planes which were protecting the enemy balloon line, he unhesitatingly attacked and shot down in flames 3 German balloons, being himself under heavy fire from ground batteries and the hostile planes. Severely wounded, he descended to within 50 meters of the ground, and flying at this low altitude near the town of Murvaux opened fire upon enemy troops, killing 6 and wounding as many more. Forced to make a landing and surrounded on all sides by the enemy, who called upon him to surrender, he drew his automatic pistol and defended himself gallantly until he fell dead from a wound in the chest. 
    1918 - Captain GH Wilkins, official AIF photographer, rallies United States troops at the battle of the Hindenburg Line while taking photographs for this action.  He is awarded a bar to his Military Cross, becoming the only Australian official photographer to be decorated for bravery in the field.
    1919 – Gambler Arnold Rothstein decided to finance the fix of the 1919 World Series.  The plan called for Nat Evans to give a $40,000 advance to Sport Sullivan to give to the players, with an additional $40,000 to be put in a safe at the Hotel Congress in Chicago.  Evans kept $29,000 and bet on the Cincinnati Reds, giving White Sox player Chick Gandl only $10,000.
    1920 – Babe Ruth hit his Major League record 54th home run on the last day of the season, his first with the Yankees. Only one other team in the American league hit more than 44 homers.
    1923 - On the same 1923 day as Lombard Street opened across town, the “croakiest street” in San Francisco, the Steinhart Aquarium in Golden Gate Park opened its sculpted bronze doors to the public. Ignatz Steinhart, a wealthy entrepreneur, donated the money to build the place in honor of his deceased brother Sigmund.
    1927 - An outbreak of tornadoes from Oklahoma to Indiana caused 81 deaths and $25 million damage. A tornado (possibly two tornadoes) cut an eight-mile long path across Saint Louis MO, to Granite City IL, killing 79 persons. The damage path at times was a mile and a quarter in width. The storm followed a similar path to tornadoes which struck in 1871, 1896, and 1959.
    1935 - Birthday of singer/piano player Jerry Lee Lewis. ("Whole Lot of Shakin' Goin' On," "Great Balls of Fire"), born Ferriday, LA.
    1937 - Birthday of guitarist Joe Hughes, born Maurice Hughes (d. 2003), Houston, Texas.
http://www.cascadeblues.org/History/hughes_joe_guitar.htm
    1938 - Charleston, SC was hit with 5 tornadoes, which killed 32 people and did $2 million in damage
    1939 - Germany and the Soviet Union agree to divide control of occupied Poland roughly along the Bug River--the Germans taking everything west, the Soviets taking everything east.
    1942 - Hugh Mulzac, first Black captain of a US merchant ship, launches with the Booker T Washington,
    1942 – Satchel Paige, believed to be 36, of the Kansas City Monarchs, pitched 5 2/3 innings of hitless relief against the Homestead Grays, winning 9 - 5 in Philadelphia in the 1942 Colored World Series, finishing a four-game sweep of the Grays.
    1946 - "The Adventures of Sam Spade" premiered on CBS radio this Sunday night. In the summer of 1946, it had aired on ABC on Friday nights. "The Adventures of Sam Spade", starring Howard Duff as detective Spade, became a hit on Sunday night radio.
It was based on novels by writer Dashiell Hammet.
    1947 - Musician Dizzy Gillespie (performing with Charlie Parker) made his Carnegie Hall debut in New York City. Playing with a full-sized band, Gillespie was the leader of a new wave of jazz known as bebop. Over time, Gillespie became one of the great jazz players of all time.
    1947 - Top Hits
“Feudin' and Fightin'” - Dorothy Shay
“I Wish I Didn't Love You So” - Vaughn Monroe
“I Wonder Who's Kissing Her Now” - Perry Como
“Smoke! Smoke! Smoke! (That Cigarette)” - Tex Williams
    1948 - Birthday of broadcaster Bryant Gumbel, New Orleans, LA.
    1950 - CHRISTIANSON, STANLEY R., Medal of Honor
Rank and organization: Private First Class, U.S. Marine Corps, Company E, 2d Battalion, 1st Marines, 1st Marine Division (Rein.). Place and date: Seoul, Korea, 29 September 1950. Entered service at: Mindoro, Wis. Born: 24 January 1925, Mindoro, Wis. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving with Company E, in action against enemy aggressor forces at Hill 132, in the early morning hours. Manning 1 of the several listening posts covering approaches to the platoon area when the enemy commenced the attack, Pfc. Christianson quickly sent another marine to alert the rest of the platoon. Without orders, he remained in his position and, with full knowledge that he would have slight chance of escape, fired relentlessly at oncoming hostile troops attacking furiously with rifles, automatic weapons, and incendiary grenades. Accounting for 7 enemy dead in the immediate vicinity before his position was overrun and he himself fatally struck down, Pfc. Christianson, by his superb courage, valiant fighting spirit, and devotion to duty, was responsible for allowing the rest of the platoon time to man positions, build up a stronger defense on that flank, and repel the attack with 41 of the enemy destroyed, many more wounded, and 3 taken prisoner. His self-sacrificing actions in the face of overwhelming odds sustain and enhance the finest traditions of the U.S. Naval Service. Pfc. Christianson gallantly gave his life for his country. 
    1953 - “Make Room for Daddy,” premiers on TV. Danny Thomas starred as Danny Williams, a nightclub singer and comedian, in this family sitcom. The series was renamed "The Danny Thomas Show" in 1956 after Jean Hagen (who played his wife, Margaret) left the show. Many cast members returned for the show's sequel, "Make Room for Granddaddy," in 1970. Thomas' co-stars were: Sherry Jackson and Penney Parker as Danny's daughter Terry; Rusty Hamer as son Rusty; Amanda Randolph as housekeeper Louise; Horace McMahon as Danny's agent, Phil Arnold; Jesse White as agent Jesse Leeds; Sid Melton as Charlie Halper, owner of the Copa Club; Ben Lessy as Danny's pianist, Ben; Mary Wickes as his publicist, Liz O'Neal; Hans Conried as Uncle Tonoose; Nan Bryant as Danny's mother-in-law and Marjorie Lord as his new wife Kathy O'Hara. Rusty Hamer was our next-door neighbor growing up in Pacific Palisades, California. His brother was my age and we were best friends, double-dating all the time. Danny Thomas, who many now remember as Marlo's dad and Phil Donahue's father-in-law, is also remembered for many things that influenced television. At the suggestion of his friend, Desi Arnaz, Thomas negotiated a deal that would allow him to retain ownership rights to his programs, like “Make Room for Daddy,” which debuted this day on ABC-TV. Later, in 1957, the show would move to CBS under the Desilu/Danny Thomas Productions banner. The rest is, literally, TV history. His success allowed him to give something back to the world, in the form of his philanthropic efforts to build St. Jude's Children's Hospital in Memphis. "All I prayed for was a break," he once told an interviewer, "and I said I would do anything, anything, to pay back the prayer if it could be answered. All I needed was a sign of what to do and I would do it." And so it was.
    1953 - The American League announced that Bill Veeck's controlling interest in the St. Louis Browns has been sold to a Baltimore group headed by mayor Tom D’Alesandro (Nancy Pelosi’s father). The new owners got immediate approval to move the team to Baltimore, something Veeck had been trying in vain to get approved. The team took the name Orioles and began play for the 1954 season in Memorial Stadium.
    1954 - Willie Mays made a fabulous over-the-shoulder, back-to-the plate catch that many regard as the most famous in baseball history. It came in the first game of the World Series as the New York Giants were playing the Cleveland Indians. Vic Wertz of the Indians hit a long drive to deep center field in the Polo Grounds. Mays turned on the ball, caught it running full stride about 475 feet from home plate, wheeled and threw to keep the runner from scoring on what was a long sacrifice fly. The Giants won the game, 3-0, in 10 innings on Dusty Rhodes's pinch-hit home run and swept the Indians in the Series. Jack Brickhouse, calling the game on television for NBC, along with Giants’ announcer Russ Hodges, described Mays' catch to viewers: "There's a long drive waaay back in center field...waaay baaack, baaack, it is...caaaaaught by Wil-lie Mays! The runner on second, Doby, is able to tag and go to third; Willie Mays just brought this crowd to its feet...with a catch...which must have been an optical illusion to a lot of people. Boy! [pause] Notice where that 483 foot mark is in center field? The ball itself...Russ, you know this ballpark better than anyone else I know...had to go about 460, didn't it?"
    1955 - Top Hits
“The Yellow Rose of Texas” - Mitch Miller
“Love is a Many-Splendored Thing” - The Four Aces
“Tina Marie” - Perry Como
“I Don't Care” - Webb Pierce
    1955 - Arthur Miller's play, “A View from the Bridge,” opened on Broadway on this date, and received mixed reviews from critics.
    1956 - So far, RCA Victor has received over 856,327 advance orders for Elvis Presley's "Love Me Tender."
    1957 - The New York Giants and the Brooklyn Dodgers played their last games as New York teams. The Giants lost to the Pirates at the Polo Grounds, 9-1, while the Dodgers lost to the Phillies at Shibe Park, 2-1.
   1958 - The Big Bopper's "Chantilly Lace" enters the pop chart at #27 and the Moonglows' "Ten Commandments of Love," enters the pop charts at #41.
  1958 - Tommy Edwards' "It's All In The Game" leads the Billboard chart. The melody of the song had been written in 1912 by Charles Gates Dawes, who would become vice-president of the United States between 1925 and 1929. Updated lyrics were added in 1951.     
    1959 - Little Anthony and the Imperials record "Shimmy Shimmy Koko Bop," which will reach #24 in the US early next year. 
    1959 - Hurricane Gracie made landfall near Beaufort, SC with sustained winds of 97 mph with a peak gust to 138 mph. 10 people were killed in South Carolina and Georgia. As the weakening storm moved through Virginia on the 30th, she spawned an F3 tornado at Ivy, VA which killed 11 people
    1959 - The irreverent cartoon TV series, “Rocky and Bullwinkle,” created by Jay Ward, debuted on ABC. It was the most sophisticated satirical cartoon series of the television era at that time. “The Many Loves of Dobie Gillis” debuted on CBS on the same evening.        
    1960 - ABC-TV brought "My Three Sons" into United States homes. Movie actor Fred MacMurray had a hard time adjusting to the small screen. "My Three Sons" did so well that CBS bought it in 1965, for somewhere between seven and ten million dollars.
    1962 - President JF Kennedy authorized use of federal troops in integration of University of Mississippi. James H. Meredith, an Air Force veteran, was escorted onto the University of Mississippi campus by U.S. marshals. Two men were killed in the ensuing mob violence, which was quelled with the aid of 3000 federal soldiers. The next day, Meredith was enrolled and began to attend classes amid continuing disruption by protestors. On June 6, 1966, James Meredith was shot and wounded while on a lone march from Memphis, Tenn. to Jackson, Miss. to encourage black voter registration. On June 26, 26 groups from across the country joined with Meredith to complete the march. From 1989 to 1991, Meredith served as a policy advisor to conservative Republican Senator Jesse Helms, who only ten years earlier had opposed the establishment of Martin Luther King, Jr. Day. He is an author and businessman today.
http://www.africanamericans.com/JamesMeredith.htm
    1962 – “My Fair Lady” after a run of 6½ years. At the time, the show held the Broadway record for longest-running musical of all time. 3,750,000 people watched the wonderful show and heard tunes like “Wouldn't it Be Loverly,” “Show Me,” “Get Me to the Church on Time,” “I'm an Ordinary Man,” “I've Grown Accustomed to Her Face,” and the Vic Damone/Robert Goulet standard, “On the Street Where You Live.” The team of Alan Jay Lerner and Frederick Loewe turned George Bernard Shaw's play, “Pygmalion,” into a colorful, musical production. They gave a new life to the rough-around-the-edges, cockney flower girl; the subject of a bet between Professor Higgins (“Just You Wait, 'Enry 'Iggins”) and a colleague. The Professor bet that he could turn Eliza Doolittle into a proper lady (“The Rain in Spain”). “With a Little Bit of Luck,” he did it. Eliza, looking and acting very much like a princess, sang “I Could Have Danced All Night.” After its Broadway success, “My Fair Lady” was made into a motion picture (1964) and won seven Academy Awards including Best Picture.
    1963 - Top Hits
“Blue Velvet” - Bobby Vinton
“Sally, Go 'Round the Roses” - The Jaynetts
“Be My Baby” - The Ronettes
“Abilene” - George Hamilton IV
    1963 - Rolling Stones first tour (opening act for Bo Diddley & Everly Bros)
    1965 - Hanoi publishes the text of a letter it has written to the Red Cross claiming that since there is no formal state of war, U.S. pilots shot down over the North will not receive the rights of prisoners of war (POWs) and will be treated as war criminals.
    1967 - ”Alice” premiers on TV. Linda Lavin played the title role in this CBS comedy that was based on the 1975 film “Alice Doesn't Live Here Anymore.” Alice Hyatt was the new girl in town, a widow raising her son while trying to make ends meet by waitressing at a diner. She also had dreams of making it big as a singer. Nine years later, Alice was able to leave her "temp" job for a gig. Lavin's co-stars were: Vic Tayback as diner owner Mel Sharples, Philip McKeon as Alice's son, Tommy, Beth Howland as waitress Vera Gorman, Polly Holliday as sassy waitress Flo Castleberry, Diane Ladd as Flo's replacement Belle Dupree, Celia Weston as waitress Jolene Hunnicut, Martha Raye as Mel's mother, Carrie and Marvin Kaplan as customer Henry Beesmyer. The last episode was on August 31, 1976.
http://www.tv.com/alice/show/612/summary.html&full_summary=1 
http://web.triton.net/o/ochs/guides/wherearetheynow.html
    1967 - Motown's Soul label released Gladys Knight and the Pips' “I Heard It Through the Grapevine.” It ultimately reached Number 2 on the pop charts and Number 1 on the rhythm and blues charts.
    1967 - Mickey Hart joins the Grateful Dead.
    1970 - The New American Bible was published by the St. Anthony Guild Press. It represented the first English version Roman Catholic Bible to be translated from the original Biblical Greek and Hebrew languages. (The Rheims-Douai Version of 1610 had been based on Jerome's Latin Vulgate.)
    1971 - Top Hits
“Go Away Little Girl” - Donny Osmond
“Maggie Mae/Reason to Believe” - Rod Stewart
“The Night They Drove Old Dixie Down” - Joan Baez
“The Year That Clayton Delaney Died” - Tom T. Hall
    1973 - "We're an American Band" by the Grand Funk Railroad topped the charts and stayed there for a week.
    1974 - Congress passed the Equal Credit Opportunity Act designed to equalize credit opportunities for women and men. Under the new law, women's income had to be counted in the same way as men's income for credit ratings. It also decreed no one should be refused credit because of sex or marital status.
    1975 - WGPR-TV Detroit, first Black-owned station in US, begins broadcasting.
    1976 - Tommy Lasorda is named to succeed Walter Alston as Dodger manager. 'Smokey' Alston compiled a 2040-1613 record (.558) during his 23-year tenure with the club, winning seven pennants and four world championships.  Managing the Brooklyn/Los Angeles Dodgers between 1954 and 1976, Alston signed 23 one-year contracts.  Alston was elected to the National Baseball Hall of Fame in 1983.
    1977 - In history's most-watched prize fight, Muhammad Ali defeated Ernie Shavers, in a decision, to claim the heavyweight championship boxing crown. The bout was televised from Madison Square Garden in New York City to an estimated 70 million viewers on NBC-TV. The first woman official of a heavyweight title boxing match officiated the match.
    1977 - No. 1 Billboard Pop Hit: "Star Wars Theme/Cantina Band," Meco. The 15-minute song is a disco version of several themes from the top movie of 1977.
    1979 - Cheap Trick's "Ain't That A Shame" peaks at #35 on the singles chart, while Robert Palmer's "Bad Case Of Loving You" peaks at #14, Nick Lowe's "Cruel To Be Kind" peaks at #12 and Dave Edmunds' "Girls Talk" peaks at #65.
    1979 - Gold hits record $400.20 an ounce in Hong Kong.
    1979 - Top Hits
“My Sharona” - The Knack
“Sad Eyes” - Robert John
“Rise” - Herb Alpert
“It Must Be Love” - Don Williams
    1982 - The first poisoning of store merchandise known to have resulted in numerous deaths took place in and around Chicago, Il. In a three-day period from September 29 to October 1, 1982, seven people died after taking Tylenol, a brand of acetaminophen, which they had bought at a local drugstores and supermarkets. A murderer who was never apprehended had removed the bottles from store shelves, opened them, added cyanide to the capsule of Tylenol, and replaced them in the stores. Tylenol removed all their product from the stores and destroyed them. The poisonings led to the introduction of wraps and seals on all pharmaceutical products and many other products as well.
    1983 - Heavy rains began in central and eastern Arizona which culminated in the worst flood in the history of the state. Eight to ten inch rains across the area caused severe flooding in southeastern Arizona which resulted in thirteen deaths and $178 million damage. President Reagan declared eight counties of Arizona to be disaster areas.
    1983 – “A Chorus Line” became the longest-running show on Broadway, with performance number 3,389. “Grease,” the rock 'n' roll production, had been the previous box-office champ since 1980.
    1984 - "Let's Go Crazy" by Prince & the Revolution topped the charts and stayed there for 2 weeks.
    1984 - The Cars' "Drive" peaks at #3 on the pop singles chart.
    1985 – “MacGyver,” starring Richard Dean Anderson, debuted on ABC.  Fortunately, the last detail is unimportant when compared to his astounding mind. Drawing on a vast practical knowledge of science, Macgyver is able to make use of any mundane materials around him to create unorthodox solutions to any problem he faces. The enemies of world peace and justice continually learn that underestimating this man is a fatal mistake for their plans. The popular series lasted seven years, perhaps making MacGyver a verb in our language for turning something simple into a major tool.
http://www.tv.com/macgyver/show/706/summary.html&full_summary=1
http://www.imdb.com/title/tt0088559/
    1986 - The sitcom, “Designing Women,” starring Dixie Carter, Delta Burke, Annie Potts, and Jean Smart premiered on CBS. The well-written show had a loyal following, and touched on many female topics that few shows then, or now, tackle. Last episode: May 24, 1993
http://www.lifetimetv.com/shows/deswomen/index.html 
http://www.tv.com/designing-women/show/525/summary.html&full_summary=1
    1987 - No. 1 Billboard Pop Hit: "Didn't We Almost Have It All," Whitney Houston.
    1987 - Top Hits
“Didn't We Almost Have It All” - Whitney Houston
“Here I Go Again” - Whitesnake
“Lost in Emotion” - Lisa Lisa & Cult Jam
“Three Time Loser” - Dan Seals
    1987 - “Thirtysomething” premiers on TV. This ABC drama series about a group of seven baby boomers was created by boomers Ed Zwick and Marshall Herskovitz. The show's characters were very real to many viewers who were able to identify with their struggles--such as the death of a parent, disease, relationships, singlehood, marriage, divorce, career setbacks and the birth of a child. The cast featured Ken Olin as Michael Steadman; Mel Harris as his wife, Hope; Jade Mortimer and the Craven twins, Brittany and Lacey, as their daughter Jane; Timothy Busfield as Michael's business partner, Elliot Weston; Patricia Wettig (Olin's real-life wife) as Elliot's wife, Nancy; Luke Rossi as their son Ethan; Jordana Shapiro as their daughter Brittany; Polly Draper as Hope's friend Ellyn Warren; Melanie Mayron as Michael's cousin, Melissa Steadman and Peter Horton as family friend Gary Shepherd. The popular show lasted until 1991.
http://www.thirdstory.com/thirtysomething/ 
http://us.imdb.com/title/tt0092492/
    1987 - A slow moving cold front produced rain from the Great Lakes Region to the Central Gulf Coast Region. A late afternoon thunderstorm produced wind gusts to 62 mph at Buffalo, NY. Warm weather continued in the western U.S. In Oregon, the afternoon high of 96 degrees at Medford was a record for the date.
    1989 - Seven cities reported record high temperatures for the date, as readings soared into the 80s and low 90s in the Northern Plateau and Northern Plains Region. Record highs included 91 degrees at Boise, ID, and 92 degrees at Sheridan, WY. The high of 100 degrees at Tucson, AZ marked their 51st record high of the year, and their 92nd day of 100 degree weather.
    1990 - In Washington, DC, the National Cathedral (officially, the Cathedral Church of St. Peter and St. Paul) was completed after 83 years of construction. Begun in 1907, the Gothic edifice had been used in its incomplete form since 1912.
    1991 - Snow began in Caribou, ME at 8:35 p.m. on the29th and ending at 2 am on the 30th with 2.5 inches accumulating.
    1994 - The Pointer Sisters receive a star on the Hollywood Walk of Fame. The star on Hollywood Boulevard was originally set to be unveiled in January, but an earthquake struck Los Angeles three days before the scheduled ceremony. The Pointers are the first African-American female music group to receive the honor.
    1996 - Astros Retire Ryan's Number. The Houston Astros retired uniform number 34 in honor of their former pitcher, Nolan Ryan, who played for Houston for nine seasons.
The ceremony made Ryan the only player to have his number retired by three teams, the California Angeles and the Texas Rangers having previously accorded him the honor.
    2001 - Some 7,000 people marched for peace in Washington, DC while an estimated 7-10,000 marched in San Francisco. They marched to mourn terrorist victims and to urge the nation to heal poverty and injustice that fuels global violence instead of focusing on military revenge.
    2002 - Barry Bonds sets a new season mark for on-base percentage with a .582 OBP. The 38-year old Giant left fielder, who became the oldest first-time winner of a batting title hitting .370, easily surpassed the 1941 mark established by Ted Williams with a .553 OBP.
    2004 - Major League Baseball announces Washington D.C. will become the new home of the Montreal Expos in time for the 2005 season. The nation's capital, which was chosen over finalists including Las Vegas and Northern Virginia, will have baseball first time in 33 years since the expansion Senators left in 1971 to become the Texas Rangers.
    2005 - John G. Roberts is confirmed as the Chief Justice of the Supreme Court.
    2014 - eBay Inc. announced that it will split its PayPal unit into a separate company, raising the possibility of a PayPal buyout by mobile payment operators such as Google.  The spin-off was completed in 2015.

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Top Stories

(chronological order)

- 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
Not Brought Forward in Marlin Press Release
- 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 Registry
- California Senate Bill 297 is Dead
- Top Nine Leasing Company Websites
- 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
- ELFA Credit & Collections Management Conference
- Commercial Loan Broker Conference & Expo
  600 Brokers Expected to Attend
- "They're Back!"
   Yells John Kenny, Lease Police
- Ed Kaye Sells Access Commercial Capital
- Is There a Further Divide in Leasing and Financing
- Is This a Forecast of Things to Come?
- DocuSign Breached, Malware To Blame
- ELFA Legal Forum Recap--Tips and News
- “On Deck Goes from Hot Tech Startup
   to Dull Lender,” reports Wall Street Journal
- Lending Club May Have Hit a Dead End
- NAELB Annual Conference – Memphis, Tennessee  
- Vermont Strengthens Lending Laws
- Community Banks, Credit Unions, Shine –
    Not Online Lenders in Small Biz Loan Customer Satisfaction
- Hawkins Bankruptcy Complete
- CLFP Foundation Grows to 410 Active Professionals/Associates
- Time Payment Committed to 70% Headquarters Increase
- ELFA 29th Annual National Funding Conference
- Updates on Equipment Finance Agreements
- Report on the ELFA
   29th Annual National Funding Conference
- Updates on Equipment Finance Agreements
- 2017 Auto Leasing Conference report
   “On the Road Ahead”
- Univest piles it on Ascentium
- Shopko vs. Balboa Quarterly Interim Case Continues
   One Side Never Caught the Mistake or Was it?
- Financial Pacific Passes $1 Billion Milestone
- AP Hires Senior Vice President of Vendor Finance
    Nick Gibbens, CLFP, from Bank of the West
- LendIt 2017 Conference Report – 5,800 in Attendance
- Major Change in Consumer Credit Reporting
- Oracle Loans, Fort Lee, New Jersey
- Equipment Purchases: Cash or Financing?
- What can you learn from GreatAmerica Financial Services?
- Balboa Capital Forced to Disclose List
   of Disgruntled Customers
- Broker/Lessor Receives Early Payoff from Lessee
   But Doesn't Pay Funder for Three Months
- Five Biggest Small Business Loan Mistakes
- DealSafe---Control of Contractual Rights
- Balboa Capital Tagged for Quarterly Payment Scam
- 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