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

Monday, August 18, 2014

Today's Equipment Leasing Headlines

  Archives---August 18, 2004
Leasing Institute of America Enters Fray
   Classified Ads---Sales
No Longer taking Broker/Discounting Business
   plus Leasing Companies Out of Business—Updated
Top Stories August 11--August 15
    Opened Most by Readers of Leasing News
 Add me to mailing list
   Subscription is Free
Leasing 102 by Mr. Terry Winders, CLP
   Down Payments
“I was fired, how do I handle this in my job search?”
  Career Crossroad---By Emily Fitzpatrick/RII
        Leasing Industry Ads---Help Wanted
Lawsuit Over ACH Loan Payments Ruled Illegal
   Now Headed for Trial
      By Tom McCurnin, Leasing News Legal Editor
Fed Payments Panel Recommends Replacing ACH
   By Ian Kar,
 LeaseTeam Reorganizes Executive Management
Monday, Oct. 6 NVLA Charity Golf Event
   Rosyln Harbor, New York
November 5, 2014 Latin American Leasing &
   Operation Forum
XII Latin American Leasing Conference
   November 7, 2014
Bill Gates ALS Ice Bucket Challenge
  German Shepherd
   Plattsmouth, Nebraska  Adopt-a-Dog
    Leasing Attorneys
News Briefs--- 
C&I Leasing to deepen investment in marine services,
    fleet management
 JPMorgan is betting $100 million on Detroit, can it leverage a lot more?
  San Diego’s Taxi-Turned-Uber Drivers Get A New Lease On Life
   Despite TV everywhere pushes, most Americans still prefer the TV set
    ‘Meet the Press’ Pays Tribute to Ousted Moderator David Gregory
     $4 million to be silent about leaving NBC
      ‘Ice Bucket Challenge’ Has Raised Millions for ALS Association

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
           Daily Puzzle
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                 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.

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Archives---August 18, 2004
Leasing Institute of America Enters Fray

With the faculty of Sudhir Amembal, Loni L. Lowder, Charles E. Brazier, CLP, Jason Smith, General Manger, and Joe Bonanno, Esq., with $30,000 you can take part in the “Five Day Leasing School” to participate in “Stage One...The Executive Lease Broker Program...the most in-depth curriculum and training program available on the market for business professionals interest in entering the commercial equipment lease brokerage business.”

Stage 2: “Six Month Coaching Program-as participant in the Executive Leasing Broker Training Program they will complete a bi-weekly prescheduled 30-minutes sales training session to discuss the prior week’s activities and progress...”

Stage 3: “A lifetime of Support—Upon completion of the six month coaching Hotline at no additional charge for the life of their business.
The Coaching Hotline will provide the trainee to have access to the necessary information to grow their business for years to come.

---including “Access to the underwriter’s database that will help the lease brokers pair their deals to a funding source.”

In an introductory letter from Sudhir P. Amembal, Senior Faculty:
“In order to encourage you to refer candidates to our program, we are offering a $10,000 referral fee to you for each student that
completes our course through December 2004.”


“Why an Equipment Lease Brokerage Is a Great Business

“No major equipment needs!

“No inventory!

“Few or no employees!

“Virtually every business is a prospective client!

“Suppliers competing for your business!

“Perfect economic conditions! US Businesses have been putting off equipment purchases for the past three years during the economic downturn. Companies are desperately in need of equipment upgrades, additions and replacements. Most economic indicators show the economy is beginning its rebound; be ready because we are about to enter what will be historically known as "the good old days of equipment leasing"!

“Residual income! As you are learning the business you are building a business. Lessees, borrowers, vendors, and bankers are all in need of a good finance professional they can trust! And with ongoing support, you will learn to structure transactions with renewable income.”


There also is a money back guarantee, according to Loni Lowder.


Leasing Schools/Franchisors

Global Leasing
Lease One
Wheeler Leasing School

Full List:



Classified Ads---Sales

(These ads are “free” to those seeking employment
or looking to improve their position)

Boston, Mass.
Accomplished Sales & Relationship Management Professional with business development experience in the financial services industry. Recognized by market leaders as industry expert in Professional Practice financing, as well as Residential Mortgage Lending. Keen insight and understanding of transaction process and financial requirements of customer. Proven record of exceeding sales goals.
Work Remotely
Business Development - Are you looking to enter/increase your Healthcare lending? Let me identify and qualify healthcare (all verticals) vendors, distributors, and end users who utilize leasing/financing as a tool to sell equipment for you. Many years experience - contact Mitchell Utz at or 
(215) 460-4483.

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:




No Longer taking Broker/Discounting Business
plus Leasing Companies Out of Business

Companies with an * are no longer in business. The others are companies that were taking broker business, but announced that they no longer are accepting broker business. Many have also down-sized or are managing an existing portfolio.

More details are available in this list by company name:

*ABCO Leasing Inc., Bothell, WA
*ACC Capital, Midvale, Utah (lenders running off portfolio residuals, Leasing News receiving Evergreen non-notification complaints, demanding 12 more monthly payments)
Advantage Business Capital, Lake Oswego, Oregon
AEL Financial, Buffalo Grove, Illinois
(No longer taking new broker business) 
Alliance Financial, Syracuse, New York
*Alternative Capital, Apollo Beach, Florida 
*AMC Funding, Charlotte, North Carolina
American Bank Leasing, Alpharetta, Georgia
*American Equipment Finance, Warren, New Jersey
Balboa Capital, Irvine, Ca
Bank of the West Leasing Indirect, San Ramon, California
    (Require high volume, successful brokers only) 
*Bank Midwest Leasing, Overland Park, KS 
Bankers Healthcare Group, Weston, FL
*Blackstone Equipment Financing, Orange, California 
*CapitalSource Healthcare Finance, Chevy Chase, Maryland
*CapNet, Los Angeles, California
*C and J Leasing Corp, Des Moines, Iowa
*Carlton Financial Corporation, Wayzata, Minnesota
*Chase Industries, Inc., Grand Rapids, Michigan 
*Chesterfield Financial, Chesterfield, Missouri
CHG-MERIDIAN U.S. Finance, Ltd, Woodland Hills, CA
(Sales Management focuses very selectively on certain brokers.) 
*Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Columbia Bank Leasing, Tacoma, WA
*Columbia Equipment Finance, Danville, California 
Commercial Equipment Lease, Eugene, Oregon 
Concord Financial Services, Long Beach, California
*Court Square, Malvern, Pennsylvania
*Creative Capital Leasing Group, LLC, San Diego, CA
Crossroads Equipment Lease & Finance, Rancho Cucamonga, Ca 
Direct Capital, Portsmouth, New Hampshire
Diversified Financial Service, Omaha, NE
Dolsen Leasing, Bellevue/Yakima, Washington
Equipment Finance Partners, a division of Altec, Birmingham, Alabama 
Evans National Leasing, Inc., Hamburg, NY
Enterprise Funding, Grand Rapids, Michigan
* Evergreen Leasing, South Elgin, Illinois
*Excel Financial Leasing, Lubbock Texas
*First Corp.(IFC subsidiary), Morton Grove, Illinois
First Federal Financial Services, Inc., Menomonee Falls, Wisconsin
First Republic Bank, San Francisco, CA
Frontier Capital, Teaneck New Jersey 
*GCR Capital, Safety Harbor, Florida 
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
*Greystone, Burlington, MA
*Heritage Pacific Leasing, Fresno, CA
*Hillcrest Bank Leasing, Overland Park, KS (Parent bank sold)
Huntington Equipment Finance, Vendor Finance Group, Bellevue, Washington
*IFC Credit Corp., Morton Grove, Illinois
Irwin Financial (Irwin Union Bank), Columbus, Indiana 
Irwin Union Bank, F.S.B. (Louisville, Kentucky)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
*Latitude Equipment Leasing, Marlton, New Jersey 
*Leaf Specialty Finance, Columbia, South Carolina
*LEAF Third Party Funding, Santa Barbara, Ca.
Lombard, part of Royal Bank of Scotland, worldwide
Marlin Business Services, Mount Laurel, NJ (accepting no new brokers, they may have opened for a select fee, but no more at this time, they say.)
M&T Credit (Bank)
*MericapCredit, Lisle, Illinois
*Meridian Healthcare Finance, San Diego, California 
Merrill Lynch Financial
Midwest Leasing Group, Livonia, Minnesota
National City, Cleveland, Ohio
*Navigator (Pentech subsidiary) San Diego, California
OFC Capital, Roswell, Georgia
Old National Bank, Evansville, Illinois
Pentech Financial, Campbell, CA
*PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
*Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
Popular Finance, St. Louis, Missouri
Puget Sound Leasing, Seattle, Washington 
Radiance-Capital, Tacoma, WA
Rational Technology Solutions, Rolling Meadows, IL
*Reliant National Finance, Jacksonville, Florida
Sandy Springs, Olney, MD
* Securities Equipment Lsg. (SEL, Inc.), Glendora, CA 
Sovereign Bank, Melville, New York
Specialty Funding, Albuquerque, NM
*Studebaker-Worthington Leasing, Corp., Jerico, NY
(part of sale from Main Street Bank to Ascentium Capital) 
Sun Trust Equipment Finance & Leasing, Baltimore, Maryland 
*SunBridge Capital, Mission, Kansas
Suncoast Equipment Funding Corp., Tampa, Florida
TCF Equipment Finance, Minnetonka, Minnesota 
TechLease, Morgan Hill, California
*Tennessee Commerce Bank, Franklin, Tennessee 
Textron Financial
*Triad Leasing & Financial, Inc., Boise, Idaho
*TriStar Capital, Santa Ana, California 
*Union Capital Partners, Midvale, Utah
US Bank, Manifest Funding, Marshall, Minnesota
(new requirement: large yearly funding) 
US Bank, Middle-Market, Portland, Oregon 
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon (former company Len Ludwig)
*Vision Capital, San Diego, California
Wachovia Bank Leasing
*Washington Mutual Financial
Western Bank, Devils Lake, ND
*Westover Financial, Inc., Santa Ana, California

(Note: Should a company policy have changed, please contact

Funders looking for new Brokers:


((Please click on ad to learn more))
(Leasing News provides this ad “gratis” as a meant
to help support the growth of Lease Police)



Top Stories August 11--August 15
Opened Most by Readers of Leasing News

(1) Bad Guys: Companies who utilize Evergreen Clauses
for Extra Lease Payments

(2) Guarantor Loses Claim re: Lessor Overpayment
to Vendor for $100,000 Kickback to Lessee
By Tom McCurnin, Leasing News Legal Editor

(3) Robin McLaurin Williams
July 21, 1951 ---August 11, 2014

(4) 1997--Pictures from the Past
Leasing Icon Fred Van Etten

(T) (5) Archives---August 15, 2000
38 Leasing Companies Major Changes

(T) (5) Leasing 102 by Mr. Terry Winders, CLP
Differences of Sales/Finance Contracts and Leasing Contracts

(7) Late Fees
By Tom McCurnin Leasing News Legal Editor

(8) Déjà vu on Proposed Lease Accounting Changes
by Christopher Menkin

(9) The Good Guys: Companies who notify lessee
in advance of lease expiration

(10) Sales Makes it Happen by Steve Chriest
Myth of the Sales Personality

(11) New Hires—Promotions in the Leasing Industry





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Leasing News Editorial



Leasing 102
by Mr. Terry Winders, CLP

Down Payments

I am questioned many times why a down payment or a trade-in is not allowed on leases. The IRS set some rules in 1955 to determine which party to a lease has the right to capital recovery benefits called depreciation. The main objective of the rule (55-540) was to determine the “intent” of the parties to the lease. One of the requirements was to determine if the lessor acted as an owner or a lender. An owner would not allow anyone to pay for part of the equipment cost.

One of the determining facts to determine intent was if the lessee gained an “equity” interest in the leased equipment. This would come from a reduction in the lessor’s cost because of a down payment or a reduction from a trade-in value. On occasion, it may also come from a discount of the equipment cost that only would be allowed to the lessee.

Usually we have handled the cash from a down payment or the value of the trade-in by converting it to a security deposit or advanced payments. It cannot be used to reduce the selling price. If it is allowed, under an IRS audit, the chances are the transaction will be judged a “non-lease” and the lessee will be not be allowed to use the lease payments as an expense and the lessor will not be allowed to use the depreciation. The lessee will be allowed to use the depreciation.

If disallowed, the transaction will also become an Article 9 lease intended as a security. On occasion, when a down payment is involved, the lessor includes a paragraph in the lease to guarantee the lessor’s yield by increasing the rent to compensate for the lost tax depreciation. Therefore, the lessee is taking the risk of the tax position.

In bankruptcy proceedings, the tax position is not considered, only the legal issues are important. There is no requirement or rule judging the down payment in the legal requirement, but it depends on the bankruptcy judge to determine if the lease qualifies as an Article 2A lease or an Article 9 loan.

Some lessors try to use a prepaid purchase option to mask the down payment amount because it allows the lessor to use the cash to lower the use of the equipment, which means the lessee gets the advantage of a lower cost. Some believe this gets around the equity issue; however, the fact that the equipment has been presold to the lessee means the equipment has been sold for a bargain and it disqualified under both tax and legal rules.

Just because there is a down payment does not mean you should not make the lease, but just remember that it is an Article 9 transaction, and you must file the UCC-1 within the twenty day PMSI (Purchase
Money Security Interest) requirement.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at  or  502-649-0448

He invites your questions and queries.

Previous #102 Columns:


Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)


I was fired, how do I handle this in my job search?”
Career Crossroad---By Emily Fitzpatrick/RII

Question: “I was fired, how do I handle this in my job search?”

Answer: If you were laid off as part of general work force reduction, be straightforward and keep your answer short and to the point. If you have been terminated with cause, this is a difficult question to answer. Like it or not, termination with cause is usually justified – most managers do not fire an employee for the heck of it. Though difficult, make sure you are forthcoming in your response. This is very important. 

Having been fired does create instant doubt in the mind of the interviewer and greatly increases the chances of your references being checked. First, call the person who fired you, find out why it happened and learn what he/she would say about you today.  The goal is to clear the air, do not be antagonistic. When calling make sure you relay that you appreciated what he/she had to do and that you learned from the experience. Further the conversation by explaining you are in a job search and that the stigma of being fired will affect your chances of employment. Ask if they would agree to use the term “resigned” rather “fired” by appealing to this person’s humanity.  
Whatever you do, do not advertise the fact that you were fired. If asked, be straightforward and package the reason in the best possible light, e.g. I was having some personal problems at that time and I let this issues affect my work. Additionally, if there are turnover figures of your previous employer, this will minimize the stigma, e.g. “five other people were let go this quarter.”  Don’t over explain.  Try to remain positive in your interview. Note:  If you lie about anything, especially where and when you worked, what you did, etc… you will at some point be caught. There are significant expenses involved with hiring someone to perform – so companies will take the time to check out references; the higher up the ladder, the more intensive the scrutiny. So make sure you are honest in your answers to any interview question, no matter how difficult it may appear to you.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
Invite me to Connect on LinkedIn
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns


Leasing Industry Help Wanted


Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit


Leasing Operations Manager
San Antonio, Texas

Leadership role in building a team focused on credit, documentation and funding functions for a dynamic high growth business operating in both captive and non- captive lift truck markets.
Click here for full description.

Contact: Monet Pitts, HR Manager
Quality Controlled Material Handling Equipment Rent, Finance, or Lease up to 84 months, Maintenace, too.

For information on placing a help wanted ad, please click here: 
Please see our Job Wanted section for possible new employees.



Lawsuit Over ACH Loan Payments Ruled Illegal
Now Headed for Trial
By Tom McCurnin
Leasing News Legal Editor

Conditioning Loans on ACH Agreements Is Ruled Illegal By Federal Court.  This Practice is Common Among Many Equipment Lessors. 

O”Donovan v CashCall 3:08-cv-03174-MEJ (USDC Northern District of California 2008).

Can a lender condition the extension of credit on the borrower’s agreement to ACH the loan payments from its account?  A Federal judge in the Northern District has ruled that the practice, common in some leasing circles, is illegal.  The facts follow.

Cashcall is a national lender providing high risk, high interest sub-prime loans to consumers with low credit scores.  The interest rates vary but are generally between 50-135%.  Cashcall conditions the loan on the requirement that the borrowers check a box and provide account numbers for the purposes of a weekly ACH sweep of their account.  Cashcall made 135,288 loans with interest rates over 100%.  Cashcall has a 45% default rate.  Cashcall has very low credit standards in order to increase the pool of borrowers and spread the risk among a larger class. 

Krista O’Donovan is one of three class action borrowers who were forced to pay high interest loans through ACH transactions.

The Class Action lawsuit makes five allegations:

• First, the Electronic Funds Transfer Act and its corresponding regulatory framework, called Reg. E, require lenders to disclose a particular day of the month on which the ACH will occur.  Cashcall made numerous ACH debits during the month without such disclosures. 

• Second, EFTA and Reg. E prohibit conditioning the extension of credit to an executed ACH agreement.  Cashcall would refuse to extend credit unless the borrower executed an ACH agreement. 

• Third, the loan agreements were alleged to contain waivers of certain rights under California’s Consumer Legal Remedies Act and the Rosenthal Act relative to legal notices prior to collection. 

• Fourth, Cashcall collectors allegedly made threatening phone calls to borrowers and their families.

• Finally, the plaintiffs alleged that the interest rates were unconscionable. 

The Court certified the matter as a class action.  Both O’Donovan and Cashcall filed competing summary judgments.  Plaintiff O’Donovan moved for summary judgment on the issue of conditioning credit on an ACH agreement (called a “conditioning agreement”) and Defendant Cashcall moved for summary judgment that the loans’ interest rate were not, as a matter of law, unconscionable.

The trial court denied Cashcall’s motion for summary judgment and granted Plaintiff O’Donovan’s motion for summary judgment on the conditioning agreement.  The case now heads for trial over the unresolved issues at a date to be set later this month.  The salient points are discussed below:

The Conditioning Agreement.  Plaintiff O’Donovan was absolutely correct that the EFTA and Regulation E prohibit conditioning a loan on an ACH agreement.  Under EFTA’s provisions, section 1693k(1) and Reg E (12 CFR § 205), such contractual conditioning is clearly illegal.  Cashcall parsed the words of the statute, essentially arguing that the borrower could cancel the ACH agreement at any time, so the ACH agreement was essentially unenforceable.  There is not a lot of law on the subject matter, one scant case from last year, but that case, a South Dakota federal decision, reached the conclusion that making the ACH agreement revocable does not cure the violation.  Thus, the trial court granted Plaintiff O’Donovan’s motion for summary judgment and Cashcall will be liable to the class for the various statutory penalties, to be decided at trial. 

High Interest Loans May Be Unconscionable.  Whether a high interest loan is unconscionable is a legal beauty contest; in other words, a court knows it when it sees it, and it has to be pretty obvious.  There are two requirements for a loan covenant to be unconscionable: a procedural prong (“take it or leave it” loan terms) and a substantive prong (“shock the conscience” terms).  Procedural unconscionability is easily proved in most contracts, so the question became whether 100% interest loans are per se unconscionable.  The trial court ruled that they were not per se illegal, but reserved the issue for trial.  Some of the issues the trial court will consider will be a cost-price analysis of Cashcall’s loans (high default rate justifies high interest rate), the value-harm analysis (whether the value of the loan outweighed the cost for the borrower) and finally Cashcall’s profit structure for such loans.  Thus, the trial court refused to decide the issue until the trial, a victory for Plaintiff O’Donovan. 

What are the lessons here for equipment lessors that use ACH agreements?

First, understand that the EFTA in general, and this case in particular, concerns consumer loans, not business loans.  So readers should not panic.  That said, much law begins in the consumer venue and spills over to a commercial context, so conditioning a lease on an ACH agreement may not be the smartest business practice.  How about offering two price structures, one for an ACH agreement and other price for a lease without such an option? 

Second, high interest loans over 50% are always going to raise eyebrows.  My understanding is that at least in New Jersey, such loans are flat out illegal.  While such high interest loans are generally not prevalent in equipment leasing, I certainly have represented such clients in hard money transactions.  The court recognized the fact that such high interest terms are to be viewed in context of other common business practices.  The court also noted that a 100% loan is not per se unconscionable, citing the legality of a 100% markup for retail goods. 

Third, if a reader is in this line of business, and wants to hold to its guns on these issues, keep good records and justify the business decisions with data.  You might need such data in court. 

The bottom line to this decision is that conditioning an obligation on an ACH agreement is inherently suspect and a clear violation under law for consumer transactions.  It is probably not the best commercial business model, either.  

Cashcall FAC Complaint

Cashcall FAC Order

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

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at

Previous Tom McCurnin Articles:




Fed Payments Panel Recommends Replacing ACH
By Ian Kar,

It seems ACH is too slow even for some bankers.

Payments in the US lag behind much of the world and many Americans inside and outside of the financial services community would like to move their money more quickly. The Federal Reserve agrees, and convened a roundtable that determined the only way to make payments faster would be to develop a completely new system.

In a roundtable discussion convened on June 3 and 4, 50 participants broadly agreed that the way to faster payments is to ditch the antiquated ACH infrastructure and start over fresh.

Easier said than done. This viewpoint is hardly new, and faces considerable challenges from entrenched players, but it is significant that the group recommending ditching ACH was dominated by bankers.

The Federal Reserve payments roundtable took place in June to determine whether or not consumers and businesses would benefit from a faster payments system, analyzing payments initiatives from other countries, and determining the best option to upgrade the U.S. payments system. The summary from the event, published this week, states that the “majority agreed that building new infrastructure is the best approach” and that “attendees” referred to their own experiences building off of older legacy systems and added that a new system would be “cleaner, less problematic, more flexible, and potentially more secure.”

Out of the 50 attendees, 25 were from financial institutions, which was the most represented group. The “technology solutions provider/process” group came in second with 9 members on the roundtable and “payment network operators” had 8 members. There was only 1 regulator.

The roundtable determined that only five potential use cases, or 12% of the total payments market, would benefit from a faster payment system. However, there was some dissent from members. Some thought that POS “shouldn’t be ignored,” while others cited “latent demand,” which is “unforeseen applications…that will materialize once a faster payments solution is in place” as another potential use case. The five use cases cited by the roundtable were the following:

-B2B payments, like just-in-time supplier payments
-B2P payments, like insurance claims, legal settlements, and temporary employee wages
-P2P transfers, like rent repayment to roommates
-P2B payments, like emergency bill payments

Feedback from the public indicated to the roundtable and the Federal Reserve that respondents were looking for “ubiquitous participation, confirmation of good funds, and speedy payment settlement and delivery of information” — problems that the Federal Reserve thinks can only be solved by a new payment system. Businesses were interested in having funds available quickly, while consumers were more eager for faster debiting. But, still, there was a consensus — 69% of consumers and 75% of businesses preferred instant or one-hour payment speeds.

A complete revamp of the U.S. payment system is unlikely however, with the roundtable advocating a new “single item clearing” as opposed to a new system for all payments, which is the “ideal…option.” But with high costs, investments in existing legacy systems, and the length of such a project, building a new system to support all payments is seen as a potential longer-term goal. Other options, like upgrading ACH or ATM/PIN debit systems, were deemed too limiting or fragmented to be realistic. (NACHA, the organization that manages the ACH network, has a stated goal of “same-day settlement of funds” and tends to deride faster payment methods.)

The Federal Reserve held a series of town hall meetings that concluded in June (Simple co-founder Shamir Karkal attended in San Francisco and wrote a post about it.) It looks like the next step is to “prepare and share a roadmap.” We’ve reached out to the Federal Reserve to ask about progress and will update the post when they respond. Upgrading current payment systems is definitely on the docket for the Federal Reserve, and it seems like the best way to achieve that is by starting from the ground up.


(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)


LeaseTeam Reorganizes Executive Management

LeaseTeam, a 25 year finance and leasing accounting software provider, has realigned its executive management with the announced
purpose “enable it to continue capitalizing on the success of ASPIRE by placing an even greater focus on its customer-centric approach to operational excellence and providing progressive solutions to the equipment finance industry,” said Russ Hallberg, Chairman and Chief Executive Officer.

“These changes strengthen our leadership team by aligning them with specific areas of focus. We’ve had tremendous success with ASPIRE; our complete end-to-end lease and loan management solution, and we’ve just begun to tap into its potential. The new alignment of our executive team will position us to best capitalize on the strategic and operational opportunities in the years ahead.”

Russ Hallberg, Co-Founder, was promoted to CEO/Chairman. Previously, he was President, May, 1989.  Prior to 1989, he was Senior Tax Manager with public account firm Seim, Johnson, Sestak & Quist. His began his career in the public accounting section in 1979. Education: University of Nebraska at Omaha, BSBA, Accounting  (1974 – 1979)

Randy Haug, Co-Founder. was promoted from Senior Vice-President, to Executive Vice-President and Vice-Chairman.  Prior to joining Lease
Team in 1989, he was Regional Director of Sales and Marketing for
Lease Solutions.  He began his career in leasing in 1985 and technology sales in 19789.  He is past president of the National Equipment Finance Association. Member of the Equipment Leasing and Finance Association (ELFA) Executive Board Member of the Eastern Association of Equipment Lessors (EAEL) Former Board Member of the United Association of Equipment Lessors (UAEL) Chairperson of The UAEL Communications Committee (UAEL) Member of the Canadian Finance and Leasing Association (CFLA) Board of Trustees member of the Equipment Leasing and Finance Foundation (ELFF).  Education: University of Nebraska at Omaha, BSBA, Accounting (1974-1979)

Dan O’Malley was promoted to President/Chief Operating Officer.   He joined the firm as a Programmer in 2000, was promoted to Vice-President-Software Development, September, 2008. Prior to LeaseTeam, he was a Programmer, Cinmar (1999-2000). Education: Miami University BS, Management Information Systems (1996–1999).

Jeff Van Slyke was promoted to EVP & Chief Business Development   He originally joined the firm June, 1994; then left to become Controller, Technology Credit Corporation (December, 1996–March, 2000); Director of Finance, Novellus Systems, Inc. (March, 2002–April, 2004). Rejoined LeaseTeam as Product Manager, April, 2004; Manager, April, 2004, then became Vice President, March, 2006. Education: University of Nebraska at Omaha, MBA (2006–2008). University of Nebraska-Lincoln, BA, Accounting (1989-1993).


John Kenny 
Receivables Management

• End of Lease Negotiations & Enforcement
• Fraud Investigations
• Credit Investigations • Asset Searches 
• Skip-tracing • Third-party Commercial Collections | ph 315-866-1167|

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)


Monday, Oct. 6 NVLA Charity Golf Event
Rosyln Harbor, New York

The National Vehicle Leasing Association holds an annual golf event honoring colleagues and dear friends who were instrumental to the association and the vehicle leasing industry. All are invited to attend this event hosted by the NY/NJ/CT chapters of the NVLA. The event includes lunch, golf, cocktail reception, dinner and raffle. All proceeds from the raffle will be donated to the Winthrop University Hospital Cancer Center for Kids.

Show your support for the industry and a great cause, join us October 6th at the Engineers Country Club in Roslyn Harbor, New York. Unable to attend, your company can still have a presence through sponsorships that are available.

More Information Here:


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

November 5, 2014
Latin American Leasing &
Operation Forum
The Alta Group
Intercontinental Hotel Doral
Miami, Florida

Wednesday November 5th the Latin American Legal and Operations Forum will give participants access to the latest advances in the legal and operational practices in the industry. It will be an excellent opportunity to learn about the laws and regulations of leasing in different countries of the Americas.

The event will be simultaneously translated in English and Spanish.




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

November 7, 2014
XII Latin American Leasing Conference
The Alta Group
Intercontinental Hotel Doral
Miami, Florida

Thursday 6th to Friday 7th the XII Latin American Leasing Conference will be held.  This will provide participants insights regarding developments in the professional practice of the leading rental companies in the Americas.  The conference will also showcase best practices leasing companies and finance teams are now utilizing in strategic planning and implementation of funding strategies as well as risk and asset management.

The event will be simultaneously translated in English and Spanish.


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



Bill Gates ALS Ice Bucket Challenge




German Shepherd
Plattsmouth, Nebraska  Adopt-a-Dog

Young Adult
Compatibility: Good w/ Most Dogs, Good w/ Most Cats, Good w/ Kids and Adults
Personality: Average Energy, Submissive
Health:  Neutered, Vaccinations Current

 " Very nice indoor/outdoor german shephard. Likes to run loose as we have acreage but a large fenced yard may work. Very non-confrontational but most people won't get out of their cars unless they know him as he looks scary. Farm would be great. We are moving to a rented condo in Florida due to my husbands job and condo does not allow dogs. He sleeps in our room every night but we let him out during the day while we are at work and neighbors know him and deny any problems except he used to run along fenced pasture next door and horse runs with him, but no longer does this as our neighbor turned on electric fence and we believe he got zapped.

Rochelle Dale 402-298-7469-home 402-990-3973

Nebraska Dog Rescue

Adopt a Pet



Leasing Attorneys

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. 
California, National: city: Riverside 
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker. 

Kenneth C. Greene

California & Nevada
Leasing and Financial consultant, active in several leasing
associations, as well as involved in music and film productioncin LA.  Mention "Leasing News" for a free consultation.
Skype: 424.235.1658
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. 
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 
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:

Encino, California: Statewide “ELFA” 
Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigationdebt 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. 

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:   

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
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.

Trabaris, P.C.: Finance attorney with 24 years’ experience with transactional, documentation, secured financing and workouts/restructurings.  Kevin Trabaris.  Phone:  847-205-4377.

Law Firm - Service, Dallas, TX. "ELFA"
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance. 
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.

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

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)

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). 

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
NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, /
New York and New Jersey
Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years

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




News Briefs----

C&I Leasing to deepen investment in marine services, fleet management

JPMorgan is betting $100 million on Detroit. Can it leverage a lot more?

San Diego’s Taxi-Turned-Uber Drivers Get A New Lease On Life

Despite TV everywhere pushes, most Americans still prefer the TV set

‘Meet the Press’ Pays Tribute to Ousted Moderator David Gregory
$4 million to be silent about leaving NBC    

‘Ice Bucket Challenge’ Has Raised Millions for ALS Association

Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit




--You May Have Missed It

Infographic: Everything You Need to Know about Millennial Consumer


SparkPeople--Live Healthier and Longer

Do's and Don'ts of Goal Setting
Key Pieces to the Puzzle


Baseball Poem

A Baseball Game (Free verse)

The ump showed up early.
Sharply dressed
His pants, meticulously creased.
His gold watch glinting in the 4 o'clock
End of March southern California sun.
He held a sour look
It was his first line of defense.

The manager of the Astros
Was what you might call
An easy going type.
A long-time bachelor, and a slob to boot.
He always had a quick sly grin
Popped his gum unceasingly.
His face like an old first-baseman's glove;
Tanned brown with wear,
The stitching undone,
Staggeringly wrinkled from so much daily use.

He strolled over to home,
Tugging at the bottom of his extra-large shirt
Which barely covered the expanse of his girth,
Slapped the ump on the back
and announced that the teams
were a little behind getting the field ready
and could we start the game at a quarter past?

The ump looked at his watch without saying a word
Held up his right hand for a moment,
Then brought it down like an ax,
"Play Ball!" he shouted

2 inches from the Astros manager's leathery face.



Sports Briefs----

Jeff Gordon prevails in NASCAR race at Michigan

Colts find a way to lose unplanned doubleheader

49ers blanked in Levi's Stadium debut

Killion to Levi's Stadium - 1 hour, 18 minutes driving from Mill Valley

Preseason Wind-Down? Not for a Giants Offense That Needs a Lot of Work

The Cavaliers have built quality depth around LeBron James

Chip Kelly open to trade offers for Mark Sanchez



California Nuts Briefs---

Pepsi throws party after defeat of Soda labeling bill

California may waive environmental laws for Tesla

California Drought: Bay Area loses billions of gallons to leaky pipes

Lake Tahoe-area property sells for $1.6 million – all in bitcoins

Q&A: John Williams, president of the Federal Reserve in San Francisco


“Gimme that Wine”

Business booms for custom crush wineries in Sonoma County

Wine drone put to work in US

Business booms for custom crush wineries in Sonoma County

Napa News Cheat Sheet

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History

     1587 - The first child in America born of European parents was Virginia Dare, born at Roanoke Island, in the future state of North Carolina. She was the daughter of Ananias Dare and Eleanor (White) Dare. Only the first nine days of her life are known to history. Her parents were part of a group of 150 settlers, including 25 women and children, who left England on May 8, 1587, in three vessels. They landed at Cape Hatteras on July 22 and cruised up what is now Pamilco Sound to the “iland called Roanoac.” Two vessels returned to England immediately. The third, with John White aboard, sailed off to England on August 27, nine days after Virginia Dare's birth, to acquire more supplies. Another source states: The first European child born in North America is probably Snorri who was born in Vinland (the wooded land in North America that was visited and named by Leif Eriksson about the year AD 1000. Its exact location is not known, but it was probably somewhere along the Atlantic coastline of what is now eastern or northeastern Canada) around the year 1000.
    1590 - John White, the governor of the Roanoke Island colony in present-day North Carolina, returns from a supply-trip to England to find the settlement deserted. White and his men found no trace of the 100 or so colonists he left behind, and there was no sign of violence. Among the missing were Eleanor Dare, White's daughter, and Virginia Dare, White's granddaughter and the first English child born in America.  August 18 was to have been Virginia's third birthday. The only clue to their mysterious disappearance was the word "CROATOAN" carved into the palisade that had been built around the settlement. White took the letters to mean that the colonists had moved to Croatoan Island, some 50 miles away, but a later search of the island found none of the settlers. The Roanoke Island colony, the first English settlement in the New World, was founded by English explorer Sir Walter Raleigh in August 1585. The first Roanoke colonists did not fare well, suffering from dwindling food supplies and Indian attacks, and in 1586, they returned to England aboard a ship captained by Sir Francis Drake. In 1587, Raleigh sent out another group of 100 colonists under John White. White returned to England to procure more supplies, but the war with Spain delayed his return to Roanoke. By the time he finally returned in August 1590, everyone had vanished. In 1998, archaeologists studying tree-ring data from Virginia found that extreme drought conditions persisted between 1587 and 1589. These conditions undoubtedly contributed to the demise of the so-called Lost Colony, but where the settlers went after they left Roanoke remains a mystery. One theory has them being absorbed into an Indian tribe known as the Croatans.
    1688 - Puritan clergyman John Bunyan, 69, preached his last sermon, before dying 13 days later. In 1678, he had authored “Pilgrim's Progress”, an allegory describing the difficulties encountered in the Christian life, while journeying through this world.
    1774 - Birthday of Explorer Meriwether Lewis (Lewis & Clark) in Albemarle County, VA.  In 1793, Lewis graduated from Liberty Hall (now Washington and Lee University).  That year he joined the Virginia militia, and in 1794, he was sent as part of a detachment to put down the Whiskey Rebellion. In 1795, Lewis joined the US Army and was commissioned. By 1800, he rose to Captain, and ended his service there in 1801. Among his commanding officers was William Clark.  On April 1, 1801, Lewis was appointed as an aide by President Thomas Jefferson whom he knew through Virginia society in Albemarle County. Lewis resided in the presidential mansion, and frequently conversed with various prominent figures in politics, the arts and other circles.   He compiled information on the personnel and politics of the United States Army, which had seen an influx of Federalist officers as a result of John Adams’ midnight appointments.   When Jefferson began to plan for an expedition across the continent, he chose Lewis to lead the expedition. Meriwether Lewis recruited Clark, then age 33, to share command of the expedition.
     1812 – Returning from a cruise into Canadian waters Captain Isaac Hull’s USS Constitution of the fledgling U.S. Navy encountered British Captain Richard Dacre’s HMS Guerriere about 750 miles out of Boston. After a frenzied 55-minute battle that left 101 dead, Guerriere rolled helplessly in the water, smashed beyond salvage. Dacre struck his colors and surrendered to Hull’s boarding party. In contrast, Constitution suffered little damage and only 14 casualties. The fight’s outcome shocked the British Admiralty while it heartened America through the dark days of the War of 1812.
    1834 – Birthday of department store magnate Marshall Field in Conway, MA.
    1838 - The Wilkes Expedition, which would explore the Puget Sound and Antarctica, weighs anchor at Hampton Roads, VA.  The voyage was authorized by Congress in 1836. It is named in honor of its commanding officer, US Navy Lieutenant Charles Wilkes. The expedition was of major importance to the growth of the then-young field of oceanography. During the event, armed conflict between Pacific islanders and the expedition was not uncommon and dozens of natives were killed in action, as well as a few Americans.
    1852 - The roots of the Baptist General Conference were planted when Swedish immigrant pastor Gustaf Palmquist baptized his first three converts in the Mississippi River at Rock Island, Illinois. Today, the denomination numbers about 140,000.
    1856 - In San Francisco, the Committee of Vigilance voluntarily disbanded after a parade of 6000 armed men. The committee's headquarters became a temporary museum.
    1862 - The Sioux Indians began an uprising, eventually crushed, in Minnesota.
    1872 - The first mail-order catalogue was published by Montgomery Ward. It was only a single sheet of paper. By 1904, the Montgomery Ward catalog weighed four pounds. Households throughout the US did not have to live or visit a major city to obtain any product.
    1904 – Birthday of Max Factor, Jr, born Francis Factor in St. Louis, the son of Max Factor, a cosmetics pioneer. Known as Frank, his family moved to Los Angeles in 1908 where he began working in the family business.  Frank Factor took the lead upon his father’s death over the two years that it took to develop a suitable make-up for use with the newly developed Technicolor film. This make-up was released to the film industry under the name “Pan-Cake”.
    1915 - The Boston Braves open Braves Field defeating the Cardinals, 3-1.
    1917 – Caspar Weinberger’s birthday in San Francisco.  Weinberger served in World War II. His entry into politics was as a California State Assemblyman from 1953 to 1959, and he would go on to serve as Chairman of the Federal Trade Commission and Director of the Office of Management and Budget under Presidents Nixon and Ford. An accomplished private sector businessman, he later became vice president and general counsel of Bechtel Corporation, and still later Chairman of Forbes.  He was appointed Secretary of Defense under President Reagan from 1981 to 1987, the third longest tenure in that position in U.S. history, and spanned the final years of the Cold War. He is also known for his key role in the administration's Strategic Defense Initiative and later indictments in the Iran-Contra Affair.  Died March 28, 2006 in Bangor, ME.
    1918 - Sax player Eddie Shu birthday, born Brooklyn, NY.
    1920 - Drummer Don Lamond born Oklahoma City, Okla.
    1920 - The Nineteenth Amendment was added to the US Constitution extending the right to vote to women. The historians say it was handsome Warren G. Harding who wanted women to vote for him (he also had quite a taste for the ladies, and died here in San Francisco). There was over 100 years of women's suffrage. The ratification of the 19th Amendment by Tennessee that would total ratification by two-thirds of all states, guaranteed suffrage for ALL women in the U.S. had come down to one state.   24-year-old Harry Burns had been considered a safe vote before his mother intervened. She wrote him a letter. He stood up at his seat in the Tennessee legislature when it came to a motion to table the vote, and voted against it. Later he voted yes and the measure became law in the United States. He won re-election.
    1922 - Birthday of actress Shelley Winters. She was nominated
four times for Academy Awards, winning two, one for “The Diary of Anne Frank” (1959) and the other “A Patch of Blue” (1965). Her autobiography, “Shelley, also known as Shirley” (1980) was a runaway best seller, one of the first woman's kiss and tell insider revelations of Hollywood. A noted actor, she conducted acting classes for some of the screen’s best actors.
    1925 - During the late morning hours, a severe hailstorm struck southeastern Iowa, completely destroying crops along a path six to ten miles wide and 75 miles long. The hail also injured and killed poultry and livestock, and caused a total of 2.5 million dollars damage. The hailstorm flattened fields of corn to such an extent that many had to leave their farms in search of other work. It was one of the worst hailstorms of record for the nation.
    1927 – Birthday of early rock ‘n’ roller Sonny Til, born Earlington Carl Tilghman, lead singer of the Orioles (“Cryin in the Chapel”), a group from Baltimore.  By 1960, Til was the only original member left. He led the Orioles from its establishment until his death in 1981 of heart failure, complicated by diabetes.  The group was inducted into the Rock and Roll Hall of Fame in 1995.
    1927 – Rosalyn Carter, First Lady, born.
    1928 – Birthday of Marge Schott, former owner of the Cincinnati Reds (1984-99).  Her indiscriminate comments regarding ethnic groups, and her favorable comments toward Hitler have outlived her.
    1932 - Mildred Bailey first records “Rockin' Chair,” NYC (VI 24117
    1934 – Hall of Famer Roberto Clemente born in Puerto Rico as Roberto Clemente Walker.  Signed by the Brooklyn Dodgers in 1954, he was claimed by the Pittsburgh Pirates in the rookie draft and played his entire career there.  Clemente was involved in charity work in Puerto Rico and Latin American countries during the off seasons, often delivering baseball equipment and food to those in need. He died in a plane crash on December 31, 1972, while in route to deliver aid to earthquake victims in Nicaragua.  Clemente was inducted posthumously to the National Baseball Hall of Fame in 1973, becoming the first Latin American to be enshrined. His death established the precedent that as an alternate to the five year retirement period, a player deceased for at least 6 months is eligible for entry into the Hall of Fame.  Clemente is the first Latino player to win a World Series as a starter (1960), to receive a National League MVP Award (1966), and to receive a World Series MVP (1971).
    1935 – Rafer Johnson’s birthday in Hillsboro, TX.  Johnson qualified for both the decathlon and the long jump events for the 1956 Olympics.  He broke the world record in 1958 and 1960. The crown to his career came at the 1960 Olympics in Rome.  The NFL LA Rams drafted him but he never played in the NFL.  He did have a number of small parts in movies such as “Spartacus” and “License to Kill”, and joined the Peace Corps immediately after its creation.  In 1968, he joined the campaign of Robert F. Kennedy, and with the help of Rosey Grier, apprehended Sirhan Sirhan after his assassination of Kennedy at the Ambassador Hotel in 1968.
    1937 - Actor director, producer, businessman, environmentalist, philanthropist Robert Redford, born in Santa Monica, California.  Redford's career began in New York. Starting in 1959, he appeared as a guest star on numerous TV programs.  Moving to Broadway, His biggest Broadway success was as the stuffy newlywed husband in “Barefoot in the Park” (1963).  His film debut was in 1962 and started a string of successes.  Among them:  “Inside Daisy Clover” (1965), “Barefoot in the Park’ (1969), “Butch Cassidy and the Sundance Kid” (1969), “Jeremiah Johnson” (1972);  “The Candidate” (1972); “The Way We Were” (1973); and the biggest hit of his career; the blockbuster crime caper “The Sting” (1973), for which he was also nominated for an Oscar.  Between 1974 and 1976, exhibitors voted Redford Hollywood's top box-office name.  His hits included “The Great Gatsby” (1974), “Three Days of The Condor” (1975), “All The President’s Men” (1976)….the list goes on and includes his directorial accomplishments as well.
    1937 - The first FM (frequency modulation) radio station in the US, Boston's WGTR (now WAAF), is granted its construction permit by the FCC.
    1938 – Thousand Islands Bridge, connecting New York with Ontario, Canada over the St. Lawrence River, is dedicated by President Franklin Roosevelt.
   1939 - Johnny Preston (John Preston Courville) was born at Port Arthur, TX, birthplace of Janis Joplin.  Preston had two rock ‘n’ roll hits in 1959 and 1960, respectively:  “Running Bear” reached # 1 and “Cradle of Love” reached #2.  Died at Beaumont, TX in 2011 of heart disease.
    1942 – On Guadalcanal, Japanese reinforcements are landed at Taivu and a detachment of 1,000 troops under the leadership of Colonel Ichiki starts towards the American position. The Japanese believe there are only 3,000 Americans on the Island. There are actually 10,000 and the airstrip is now ready to receive aircraft.

     1942 - THOMASON, CLYDE  Medal of Honor
Rank and organization: sergeant, U.S. Marine Corps Reserve. Born: 23 May 1914, Atlanta, Ga. Accredited to: Georgia. Citation: For conspicuous heroism and intrepidity above and beyond the call of duty during the Marine Raider Expedition against the Japanese-held island of Makin on 17-18 August 1942. Leading the advance element of the assault echelon, Sgt. Thomason disposed his men with keen judgment and discrimination and, by his exemplary leadership and great personal valor, exhorted them to like fearless efforts. On 1 occasion, he dauntlessly walked up to a house which concealed an enemy Japanese sniper, forced in the door and shot the man before he could resist. Later in the action, while leading an assault on an enemy position, he gallantly gave his life in the service of his country. His courage and loyal devotion to duty in the face of grave peril were in keeping with the finest traditions of the U.S. Naval Service.
    1943 - Betty Smith's novel,”A Tree Grows in Brooklyn”, concerning life in the Brooklyn slums, was published and became a best-seller. It was made into a film a few years later starring juvenile actress Peggy Ann Garner, and earned an Oscar for Best Supporting Actor for James Dunn.
    1943 - CHELI, RALPH (Air Mission), Medal of Honor.
Rank and organization: Major, U.S. Army Air Corps. Place and date: Near Wewak, New Guinea, 18 August 1943. Entered service at: Brooklyn, N.Y. Birth: San Francisco, Calif. G.O. No.: 72, 28 October 1943. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action with the enemy. While Maj. Cheli was leading his squadron in a dive to attack the heavily defended Dagua Airdrome, intercepting enemy aircraft centered their fire on his plane, causing it to burst into flames while still 2 miles from the objective. His speed would have enabled him to gain necessary altitude to parachute to safety, but this action would have resulted in his formation becoming disorganized and exposed to the enemy. Although a crash was inevitable, he courageously elected to continue leading the attack in his blazing plane. From a minimum altitude, the squadron made a devastating bombing and strafing attack on the target. The mission completed, Maj. Cheli instructed his wingman to lead the formation and crashed into the sea.
    1945 - Top Hits
“If I Loved You” - Perry Como
“I Wish I Knew” - Dick Haymes
“Till the End of Time” - Perry Como
“Oklahoma Hills” - Jack Guthrie
    1949 - Ralph Flanagan and his orchestra recorded their first tune on wax, "You're Breaking My Heart".
    1953 - Top Hits
“No Other Love” - Perry Como
“I'm Walking Behind You” - Eddie Fisher
“Vaya Con Dios” - Les Paul & Mary Ford
“Rub-A-Dub-Dub” - Hank Thompson
    1954 - James E. Wilkins became the first Africa-American to attend a United States Cabinet meeting. He was Assistant Secretary of Labor and attended because the Secretary and Under-Secretary were away.
    1956 - Elvis Presley's "Hound Dog" enters the R&B chart at #11. Peacock records releases Big Mama Thornton's original version the same day. It was an R&B Number One for Thornton in 1953
    1956 - Little Willie John's original version of "Fever" enters the pop charts at #24. The song will later become a big hit for both the McCoys and Peggy Lee.
    1958 - The "Mambo King," 41 year old Perez Prado, received one of the first gold records to be awarded by the Record Industry Association of America (RIAA) when his single, "Patricia", was certified as having sold more than one million copies.  Three years earlier, the Cuban born band leader had his first US chart topper with "Cherry Pink and Apple Blossom White".
    1958 - Italy's leading male vocalist, Domenico Modugno hit the top of the Billboard Hot 100 with "Volare" (Nel Blu Dipinto di Blu). The song would become the year's best selling record and win three Grammy Awards. He later served in Italian government 1987-92 in the Chamber of Deputies and the Senate.  He died August 6, 1994.

    1958 – Vladimir Nabokov’s controversial novel “Lolita” is published in the United States.
      1960 - The first commercially-produced oral contraceptive, Enovid 10, was introduced in Skokie, Illinois.
    1960 - Bobby Darin recorded “Artificial Flowers” and “Lazy River’.
    1961 – Former NY Federal Reserve District Governor and 75th Secretary of the Treasury, under President Obama, Timothy Geithner birthday in New York City.  His mother is a Mayflower descendant and his maternal grandfather served under President Eisenhower.
    1961 - Top Hits
“Tossin' and Turnin'” - Bobby Lewis
“I Like It Like That” - Chris Kenner
“Last Night” - Mar-Keys
“I Fall to Pieces” - Patsy Cline
    1962 - Peter, Paul & Mary's "If I Had A Hammer" is released.
    1963 - James Meredith, the first Black person admitted to the University of Mississippi, graduates from University of Mississippi.
    1964 - No. 1 Billboard Pop Hit: "Where Did Our Love Go," The Supremes. It is the group's first hit.
    1964 - The Beatles arrive in San Francisco, CA, for the start of their first full US tour, were met at the airport by nine thousand screaming fans (but not the ticker tape parade that had been rumored). A fenced-off press area is destroyed by the sheer size of the crowd, forcing a frightened group to retreat to their hotel. There, a woman is beaten and robbed on another floor, ignored by authorities who assume the screaming is part of the Beatles' fan base. August 29, 1966 the Beatles played at Candlestick Park,
their last concert as a group.  The last event at Candlestick, August 15, 2014, was a farewell concert by Paul McCartney, who sang over 40 Beatle’s songs.  The famed arena is scheduled for housing and a retail center.
    1965 - Tom Moffat, disc jockey for KPOI in Hawaii, arranges for Herman's Hermits lead singer Peter Noone to interview Elvis Presley live from his bungalow in Honolulu, where he is relaxing while filming his latest movie, “Paradise, Hawaiian Style”. "Who's your favorite group?" Noone asks. "The Boston Pops," Elvis replies, laughing.
    1965 - O'MALLEY, ROBERT E., Medal of Honor.
Rank and organization: Sergeant (then Cpl.), U .S. Marine Corps, Company 1, 3d Battalion, 3d Marine Regiment, 3d Marine Division (Rein). Place and date: Near An Cu'ong 2, South Vietnam, 18 August 1965. Entered service at: New York, N.Y. Born: 3 June 1943, New York, N.Y. Citation: For conspicuous gallantry and intrepidity in action against the communist (Viet Cong) forces at the risk of his life above and beyond the call of duty. While leading his squad in the assault against a strongly entrenched enemy force, his unit came under intense small-arms fire. With complete disregard for his personal safety, Sgt. O'Malley raced across an open rice paddy to a trench line where the enemy forces were located. Jumping into the trench, he attacked the Viet Cong with his rifle and grenades, and singly killed 8 of the enemy. He then led his squad to the assistance of an adjacent marine unit which was suffering heavy casualties. Continuing to press forward, he reloaded his weapon and fired with telling effect into the enemy emplacement. He personally assisted in the evacuation of several wounded marines, and again regrouping the remnants of his squad, he returned to the point of the heaviest fighting. Ordered to an evacuation point by an officer, Sgt. O'Malley gathered his besieged and badly wounded squad, and boldly led them under fire to a helicopter for withdrawal. Although 3 times wounded in this encounter, and facing imminent death from a fanatic and determined enemy, he steadfastly refused evacuation and continued to cover his squad's boarding of the helicopters while, from an exposed position, he delivered fire against the enemy until his wounded men were evacuated. Only then, with his last mission accomplished, did he permit himself to be removed from the battlefield. By his valor, leadership, and courageous efforts in behalf of his comrades, he served as an inspiration to all who observed him, and reflected the highest credit upon the Marine Corps and the U.S. Naval Service.
    1965 - PAUL, JOE C.,  Medal of Honor.
Rank and organization: Lance Corporal, U.S. Marine Corps, Company H, 2d Battalion, 4th Marines (Rein), 3d Marine Division (Rein). Place and date: near Chu Lai, Republic of Vietnam, 18 August 1965. Entered service at: Dayton, Ohio. Born: 23 April 1946, Williamsburg, Ky. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. In violent battle, L/Cpl. Paul's platoon sustained 5 casualties as it was temporarily pinned down, by devastating mortar, recoilless rifle, automatic weapons, and rifle fire delivered by insurgent communist (Viet Cong) forces in well entrenched positions. The wounded marines were unable to move from their perilously exposed positions forward of the remainder of their platoon, and were suddenly subjected to a barrage of white phosphorous rifle grenades. L/Cpl. Paul, fully aware that his tactics would almost certainly result in serious injury or death to himself, chose to disregard his safety and boldly dashed across the fire-swept rice paddies, placed himself between his wounded comrades and the enemy, and delivered effective suppressive fire with his automatic weapon in order to divert the attack long enough to allow the casualties to be evacuated. Although critically wounded during the course of the battle, he resolutely remained in his exposed position and continued to fire his rifle until he collapsed and was evacuated. By his fortitude and gallant spirit of self-sacrifice in the face of almost certain death, he saved the lives of several of his fellow marines. His heroic action served to inspire all who observed him and reflect the highest credit upon himself, the Marine Corps and the U.S. Naval Service. He gallantly gave his life in the cause of freedom.
    1969 – Actor Edward Norton birthday.
    1969 - Woodstock ends at approximately 9 am EST when Jimi Hendrix performs "Hey Joe," after his now-legendary rendition of the US National Anthem a few songs earlier.
     1969 - Top Hits
“In the Year 2525” - Zager & Evans
“Honky Tonk Women” - The Rolling Stones
“Sweet Caroline” - Neil Diamond
“Workin' Man Blues” - Merle Haggard
    1970 - No. 1 Billboard Pop Hit: "Make It with You," Bread.
    1971 - Australia and New Zealand decide to withdraw their troops from Vietnam.
      1973 - According to Cashbox Magazine, Wings (with Paul McCartney) had the best-selling single in the US with "Live and Let Die". He ended the farewell concert at Candlestick Park with this song amid fireworks on August 15, 2014.
        1973 - Diana Ross' "Touch Me In The Morning" hits #1   
    1973 - Jazz drumming legend Gene Krupa plays what is to be his last live show, a gig with the Benny Goodman Quartet in New York City.
    1977 – Elvis Presley's funeral is held in at his Memphis estate, Graceland, where 150 mourners attend, including such luminaries as Ann-Margret, James Brown, and actor George Hamilton. (Everyone from Sammy Davis Jr. to Farrah Fawcett to Burt Reynolds to John Wayne were rumored to attend, but did not.) Held in Graceland's living room, it lasted from 2:00 pm to 4:00 pm, and was led by Woodale Church of Christ pastor C.W. Bradley. Televangelist Rex Humbard gave a short sermon, followed by a testimonial from comedian Jackie Kahane, who often opened Elvis' shows. Other Elvis tour vets -- J.D. Sumner and the Stamps, the Statesmen, and Kathy Westmoreland -- performed some of Elvis' favorite hymns including "Heavenly Father." Outside, 75,000 fans mourn, so many that President Jimmy Carter has ordered the National Guard in to maintain order. Elvis' burial begins with a long procession down the street that bears his name, a white hearse and seventeen white limousines behind, ending at Forest Hill Cemetery. The 900-pound copper coffin is carried by pallbearers Jerry Schilling, Joe Esposito, George Klein, Lamar Fike, Billy Smith, Charlie Hodges, Gene Smith, and Dr. George Nichopoulous. A small service is then held in the mausoleum, followed by the paying of respects from family and friends. Elvis' father, Vernon, is the last to pay respects, kissing the coffin and repeating "Daddy will be with you soon." Elvis is interred at 4:30 pm CST.
    1977 - The Police play their first gig without original guitarist Henri Padovani at Rebecca's Club in Birmingham, England. The Police were originally formed by Sting (Gordon Sumner), Stewart Copeland, and Henri Padovani. A fourth member, Andy Summers, joined later as a second guitarist. Padovani left the band soon thereafter, leaving the Police, once again, a trio. It is this trio which delivered such pop hits as "Every Breath You Take," "Can't Stand Losing You," and "Roxanne."
    1977 - Top Hits
“I Just Want to Be Your Everything” - Andy Gibb
“I'm in You” - Peter Frampton
“Best of My Love” - Emotions
“Rollin' with the Flow” - Charlie Rich
    1982 - At Wrigley Field in Chicago, Illinois, the longest baseball game, to that date, was played. It lasted 22 innings before the Los Angeles Dodgers beat the Cubs 2-1. Having started the previous day, the game had been postponed, after 17 innings, because of darkness.
    1982 - Liverpool names four of its streets for its hometown heroes the Beatles: John Lennon Drive, Paul McCartney Way, George Harrison Close and Ringo Starr Drive.
    1983 – Hurricane Alicia hits the Texas coast, killing 22 people and causing over $1 billion in damage.
      1985 - Top Hits
“Shout” - Tears For Fears
“The Power of Love” - Huey Lewis & The News
“Freeway of Love” - Aretha Franklin
“Highwayman” - Waylon Jennings/Willie Nelson/Johnny Cash/Kris Kristofferson
    1986 - Jim Kelly signed with the National Football League's Buffalo Bills for an estimated $7.5 million, over five years. Formerly of the Houston Gamblers of the USFL, the contract made Kelly the highest paid in the NFL.
    1986 - Bon Jovi releases its "Slippery When Wet" album.
    1987 - Thirteen cities in the eastern U.S. reported record high temperatures for the date, including Orlando, FL with a reading of 98 degrees, and Portland, ME with a high of 94 degrees. Newark, NJ reached 90 degrees for the thirty-sixth time of the year, their second highest total of record
    1987 - NFL Hall of Fame running back Earl Campbell, the "Tyler Rose", announced his retirement. The 1977 Heisman Trophy winner, Campbell, played eight seasons with the National Football League and was a star for the Houston Oilers.
    1988 - Twenty-two cities, from the Carolinas to the Upper Ohio Valley, reported record high temperatures for the date, pushing the total number of daily record highs since the first of June above the 1100 mark. Afternoon highs of 102 degrees at Greensboro, NC and 105 degrees at Raleigh, NC equaled all-time records. Evening thunderstorms in Montana produced wind gusts to 75 mph at Scobey.
    1988 - Republican Convention in New Orleans select Bush-Quayle ticket
    1992 - Basketball star Larry Bird, after 13 years with the Boston Celtics, announced his retirement.
    1994 - Top Hits
“Stay (I Missed You)” (From "Reality Bites")- Lisa Loeb
“I'll Make Love To You”- Boyz II Men
“Fantastic Voyage”- Coolio
Wild Night- John Mellencamp With Me Shell Ndegeocello
    1997 - The Rolling Stones announce the plans for their upcoming "Bridges To Babylon" tour in grand style. The band rolls up to the Brooklyn Bridge in New York in a red '55 Cadillac with Mick at the wheel.
    1999 - Top Hits
“Genie in a Bottle”- Christina Aguilera
Bills, Bills, Bills” -Destiny s Child
“Tell Me It’s Real: - K-Ci
“Summer Girls” - LFO
    1999 - DMX and Lauryn Hill are the big winners at the 1999 Source Hip-Hop Awards at the Pantages Theater in Hollywood. DMX goes home with artist and live performer of the year, while Hill takes album of the year and new artist, solo.
    2006 - At Fenway Park, the Yankees beat the Red Sox in the night cap to complete a day-night doubleheader sweep. The 14-11 slugfest, in which the AL East Division rivals bang out a total 34 hits, takes 4 hours and 45 minutes to play, making it the longest nine-inning game in big league history. A team scored in nine of the 18 half-innings.



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Top Stories

(chronological order)

- Much Anxiety Over Having Enough Money for Retirement
- IASB completes reform of financial instruments accounting
- PayPal Could Soon Be eBay’s Biggest Source of Revenue
- Kmart offers $1 check cashing
    adds to financial service, such as “lease to own”
- This Day in American History
    Edited by Ralph Mango
- Dakota Financial saves $14,400 in document storage costs
   after deploying Office 365
- Programs to Protect Smartphones/Tablets/Laptops
- Who is Financing the Other Four?
    by Christopher Menkin
- Google & Facebook Utterly Dominate Mobile Advertising
- Microfinancial Reports $2.5 Million 2nd Quarter Profit
    Approves 410 New Dealers and Brokers
- Business Solar Panel Financing
     by Thomas L. Cadle, CLP
- Top Five Leasing Company Web Sites—
    in North America
- TimePayment New Web Site Almost Makes Top Five List
- Ascentium Capital Continues to Set Records
- Are More Online Loan Start-Ups On the Way?
- “Ends Banking for Cannabis Industry!” is the Claim
  Marijuana Vending Machine (Not a joke)
- 2014 Equipment Leasing & Finance U.S. Economy Outlook
- Myerson Opens Pacific Island Financial in Lihue, Kauai
Social Media Guidelines—Imperative
- Yozons First with “Digital Certificate-less” Electronic Signing
- 674 Dentists Win Judgment/Brican America
    (Includes Special Report from Attorney Ron Gossett)
- Canada's New Anti-Spam Law Active July 1, 2014
- Chart---Mobile Is Taking Over Digital Media Usage
   Company in Texas in Beta Stage with Mobile Leasing
- Dean Rubin Starts Ultimate Financing, Inc., No Longer at Axis Capital
- Increase Your Market Share By Linda Kester
- N.H. Newspaper: Direct Capital Acquired by CIT (Formerly owned by Tyco)
- Ironically Chris Broom & His Wife Bought Tyco Kozlowski Mansion
- Element Financial $10 Billion in Assets After Raising $1.42 billion
- PayPal Extends "No Interest" Small Business Loan Program
- Cisco predicts 61% Internet Traffic Wireless by 2018; Video 79% 
- Quick Bridge Funding Secures $35 Million Credit Facility
- Update—Richard Wilson and the Portland V.A.
- Leasing News Icon for Android Mobile Device
- Platinum Financial, Orange, California
   Bulletin Board Complaint: $3,982.80
- One-Third of 18-34 year Olds Live with Their Parent
- June 1, 2014 Alexa Ranks Leasing Web Media
- Healthcare Partners Group Leasing Head Sentenced
- Eight Tips to Rethinking Work-Life Success
   Crossing the Corner Office Chasm
- Balboa Capital Dismisses Suit Against Regents Capital;
Regents Capital Sues Balboa for $36,454 Attorney Fees
- Platinum Financial, Orange, California
   Bulletin Board Complaint: $6,236.18
- California Considers Taking Away Bank Subsidiary’s
   Exemption to the California Lenders Law - ELFA Position
- Four Salesmen Pay Survey Responses
- BBB Ratings --- Complaints Bulletin Board Companies
- BBB Leasing Company Ratings
- The Salary You Must Earn to Buy a Home in 27 Metros
- Lease Fleece Judge Verdict on Citibank Kingpin
- New CLP Designation---“Associate”
- Look for More Changes in Conducting Leasing
- ZRG Partners Reports Q1 20% Hiring Growth
- 5 Ways to Give Your Brain a Break Right Now
- Marlin Leasing Getting Back into Broker Business
- LEAF Financial Income Fund III Complaints
   10K Gives Numbers
- “A Great Time to be in the Equipment Leasing Industry”
- The Value of Leasing Beyond Accounting Changes
- Alert: Dallin Hawkins is Back Again
    After His Fourth DUI Arrest
- Ascentium Capital Closes $200 Million Securitization
- Chesswood Record pretax earnings of $19.7 million
- Beyond the Detroit Municipal Bankruptcy Headlines
- Renasant Bank Will Consider Third Party Originations
- US Attorney Indicts EAR President Mark Anstett
   and Two Others for $100 Million Leasing Fraud
- The Controversy Today about Dun & Bradstreet
- Plastic Credit Card Processing Industry on the Way Out?
- Ex-PNC Equipment Finance VP/Regional Manager Arrested
- Why Leasing News is Different
Changes in Leasing Web Site Rankings
- Loan/Lease Regulations
- Take Your Banker to Lunch
- Look Out!!! --Two Evergreen/PRR Clause Lessors Merge
   Onset Financial/Mazuma Capital
- Lease Police Tips on Judging Vendors
- Netiquette: Rules of Behavior For Email and the Internet
- Alert: Rudy Trebels Back Soliciting Broker Business
- Fugitive Banker Accused of Faking Own Death
 Found Alive, Now Arrested
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- The Future of Digital: 2013
- DLL Leaves Lessor to Hang
re: Evergreen Clause
- Advice for Broker or Lessor
   Dealing with a Company that Uses Evergreen Clauses
- Balboa Capital Settles Mass Fax Class Action Case
- How to be an “Expert Witness” and Make Extra Income
- Muncipalities and Their Budgets
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Is Long Term Leasing Dead?
- 5 Ways Women Are Better Bosses Than Men
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Terry Winders, CLP, Custom Built Poker Tables
   ---Order One for Father’s Day
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Chat Acronymns and Keyboard Smilies
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Mazuma and Republic Bank Get Snared on PRR Provision
   by Tom McCurnin, Esq.
- Companies who utilize Evergreen Clauses for Extra Lease Payments
- Jeff Taylor's Leasing Predictions, Spring, 2006
- Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint 
   Purchase Option on EFA, Won’t Return $5,000 S.D.
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Republic Bank out of leasing?
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West

   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs vs. Litigation Costs