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Thursday, October 16, 2025
Today's Leasing News Headlines The $1.9 Billion Illusion: How Onset Financial’s ######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer. [headlines] The $1.9 Billion Illusion: How Onset Financial’s A Partnership Built on Growth—and Hidden Risk ![]() ![]() What began as a bold growth story has become one of 2025’s most instructive cautionary tales in private credit. When Utah-based Onset Financial partnered with First Brands Group, LLC (FBG), the Cleveland manufacturer behind several well-known auto parts, the arrangement looked like a textbook example of financial innovation. Onset provided the liquidity fuel for First Brands’ aggressive expansion, funding inventory and receivables through a sophisticated asset-based facility. At its height, that facility reached nearly $1.9 billion, making Onset one of First Brands’ most important financial partners, and, effectively, its shadow bank. But what powered growth also concealed vulnerability. The off-balance-sheet nature of the financing kept leverage out of view until the structure buckled under its own weight. From Engine to Emergency Brake Lessons from the Breakdown Key takeaways for lenders and investors include: Regulators have already flagged the case as an example of the growing need for oversight in non-bank credit markets. The Road Ahead Final Thought
[headlines] New Hires/Promotions in the Leasing Business
[headlines] Leasing and Finance Help Wanted [headlines] Common Mistakes to Avoid in Your Career Your career is a lifelong journey that requires careful navigation. While there is no single "right" path, there are some common pitfalls you'll want to avoid along the way. Making missteps can derail your progress or leave you stuck in an unsatisfying job. Be mindful of these common career mistakes as you chart your own course: Job Hopping Too Frequently: It's tempting to jump ship at the first sign of trouble or boredom in your job. However, switching roles too often can damage your resume. Recruiters may see you as unstable or unable to commit. Try to stick with each role for at least a year or two to build your skills and show you can thrive in one workplace. Frequent job changes suggest you may have trouble dealing with workplace challenges or collaborating with colleagues. Not Networking Enough: Many people find their next job or career break through connections, not just formal applications. But nearly half of workers say they spend only 1 hour or less per week networking. That's not enough to build solid relationships. Carve out time each week to catch up with colleagues, attend industry events, and expand your circle. Nurture both strong ties (close friends) and weak ties (casual acquaintances) to maximize your reach. Not Seeking Mentors: Mentors provide insider knowledge you can't get from books. They can give candid feedback to enhance your skills. Mentors explain unwritten workplace rules and help you navigate office politics. Without guidance, you could miss out on key promotions or stretch assignments to showcase your abilities. Experienced mentors know how things really work behind the scenes. Seek them out starting early in your career. Ignoring Your Own Needs: It's easy to get caught up in ambition and say "yes" to every project. But burning out won't do your career any favors. Learn to set boundaries and advocate for your own needs, too. Make sure your workload is sustainable. Take regular vacations to recharge. Don't hesitate to speak up when things get unreasonable. You'll be far more productive with good work-life balance. By being mindful of these pitfalls, you can avoid some common career setbacks. Don't job hop recklessly, isolate yourself from networks, neglect mentors, or ignore your personal needs. Making smart strategic choices will help your long-term career growth.
[headlines] ##### Press Release ############################ CLFP Foundation Celebrates 40 Years of Excellence and The Certified Lease & Finance Professional (CLFP) Foundation proudly celebrated CLFP Day 2025 on October 8th, marking a monumental 40 years of the CLFP designation and 25 years of the CLFP Foundation. This year’s virtual celebration and in-person events throughout the country brought together hundreds of industry professionals to honor the remarkable achievements, growth, and dedication that continue to define the CLFP community. With over 1,700 active CLFPs and Associates worldwide, the Foundation reflected on a year of record accomplishments, including the launch of the Canadian CLFP designation (CCLFP), expansion of the University of North Texas CLFP Student Certificate program, and celebrated new members, all milestones emphasizing the Foundation’s commitment to professional development and industry excellence. A highlight of the event was the presentation of the Cindy Spurdle Award of Excellence, which honors a CLFP in Good Standing who has demonstrated exceptional leadership and significant contributions to the industry and Foundation. This year’s award recipient was Lia Wax, CLFP, VP of Operations at Financial Pacific Leasing. This award recognized Lia’s outstanding leadership and service to the Foundation and the equipment finance industry. Lia has served in nearly every capacity within the CLFP Foundation from Board President to instructor, mentor, and remains a constant advocate for continued education and inclusion in the industry. “Receiving this award is an incredible honor,” said Wax. “I’ve been a champion for the CLFP Foundation from the very beginning because I believe so strongly in its mission. To have my contributions acknowledged in this way is truly humbling.”
Wax’s philosophy “to always say yes” epitomizes the award’s spirit. Whether teaching, mentoring, or serving on committees, her unwavering commitment continues to strengthen and elevate the Foundation. As the CLFP Foundation celebrates its milestone anniversary, it remains focused on the future while empowering professionals, fostering connection, and building a brighter commercial equipment finance industry, one individual at a time. The CLFP designation represents the highest standard of professionalism in the commercial equipment finance industry. It identifies individuals who demonstrate exceptional competence, integrity, and a commitment to lifelong learning. Today, Certified Lease & Finance Professionals and Associates can be found across the United States (including Puerto Rico), Canada, India, Pakistan, Africa, New Zealand and Australia. To learn more, visit http://www.CLFPFoundation.org. Melissa (Mel) Vinson, CLFP, ##### Press Release ############################ [headlines] ##### Press Release ############################ LTi Technology Solutions Promotes Lisa Holland to Vice President of Finance
LTi Technology Solutions (LTi), a global leader in equipment finance software, is pleased to announce the promotion of Lisa Holland to Vice President of Finance & Accounting. In this expanded leadership role, Holland will oversee all aspects of the company’s financial strategy, planning, and analysis, helping to guide LTi’s continued growth, profitability, and expansion across North America and the UK. Since joining LTi more than five years ago, Holland has demonstrated exceptional leadership, deep financial expertise, and an unwavering commitment to operational excellence. During her tenure, she has led significant advancements in streamlining core financial operations, enhancing forecasting and reporting capabilities, and delivering data-driven insights that have helped shape corporate decision-making and long-term business priorities. Her efforts have built a more agile, efficient finance organization that directly supports LTi’s mission to deliver innovative technology that transforms the equipment finance industry. “Lisa’s promotion is a direct reflection of the measurable impact she’s had on LTi’s business,” said Jeff Van Slyke, President & CEO of LTi Technology Solutions. “Her leadership has strengthened how we operate by optimizing financial systems and enhancing predictive analytics to deliver insights that guide smarter strategic decisions. The initiatives she’s led have improved efficiency, increased profitability, and built a financial foundation that positions LTI for sustained growth. Under her leadership, our finance organization will continue to be a powerful catalyst for our future.” As Vice President, Holland will continue to work closely with LTi’s executive leadership team to align financial strategy with business innovation, enabling LTi to scale operations, deepen client partnership, and deliver measurable value in an evolving market.
Holland’s promotion reflects LTis continued investment in leadership excellence and its commitment to building a highly experienced executive team that can guide the company through its next phase of innovation and market leadership. As the equipment finance industry continues to evolve, LTi’s strong financial stewardship and strategic vision will remain key to delivering technology solutions that enable clients to scale, adapt, and grow with confidence. About LTi Technology Solutions With a proven legacy of innovation and client trust, LTi Technology Solutions continues to lead the equipment finance industry through its commitment to Precision, Performance, and Partnership. For more information, call (800) 531-5086 or visit www.ltisolutions.com. ##### Press Release ############################ [headlines]-------------------------------------------------------------- Industries Hiring and Firing the Most Employees Key Takeaways
Hiring trends can serve as an early signal of where the U.S. economy is heading next. By looking at which industries are adding—or cutting—the most jobs, we get a clearer picture of where business confidence is rising, and where it’s slipping. This graphic was created in partnership with Terzo for our Markets in a Minute series, which features quick economic insights for executives. It zooms out to see the longer-term change in employees across industries from August 2024 to August 2025.
[headlines] News Briefs San Francisco Homicide Rate Lowest in 70 Years Judge temporarily blocks the Trump administration Jeep Maker Stellantis Plans $13 Billion Investment Soon You’ll Be Able to Shop Walmart in ChatGPT. America Is Heavily Reliant on China
[headlines] Trump’s Trade War With China Catches [headlines]
George Kittle’s return to 49ers not only uplifting [headlines]
U.S. Coast Guard operation run in Calif. seizes For BART, another tough travel day of Irvine Co. has new plan for apartments, [headlines] Gimme that Wine
http://www.youtube.com/watch?v=EJnQoi8DSE8 These Napa wineries lost millions in a wildfire. California’s Wine Industry Is in Crisis Rita Di Lello Appointed Vice President, Pink Chardonnay joins Champagne’s list of [headlines] This Day in History https://leasingnews.org/archives/Oct2022/10_10.htm#history ------------------------------------------------------------- SuDoku The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler? -------------------------------------------------------------- Daily Puzzle How to play: Refresh for current date: -------------------------------------------------------------- http://www.gasbuddy.com/ -------------------------------------------------------------- Weather See USA map, click to specific area, no commercials -------------------------------------------------------------- Traffic Live--- Real Time Traffic Information You can save up to 20 different routes and check them out with one click, -------------------------------- Wordle https://www.powerlanguage.co.uk/wordle/ |
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