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Monday, July 15, 2024


Today's Leasing News Headlines

Why You Should Not Ignore Disclosure Laws
    Ken Greene, Leasing New Emeritus
Funders Looking
    for Broker Business
Leasing and Finance Industry Help Wanted
    Positions Open with Attractive Income & Benefits
These Industries Allow Working from Home
    Finance & Insurance Top the List
Commercial Finance/Leasing Finance Conferences
    2024 Updated
Top Ten Leasing News Read by Readers
    July 8 to July 12
Academy for Certified Lease & Finance Professionals
    Six Scheduled to Date: July - November
Registration Now Open for 2024 ELFA
    Annual Convention - "Next Level Success"
ELFA Launches Equity Fund for Professional Education     
    Opportunities for Underrepresented Leaders
Siberian Husky
    Anaheim, CA Adopt-a-Dog

News Briefs ---
Google Near $23 Billion Deal for Cybersecurity
    Startup Wiz - Largest Acquisition Ever
Honeywell Strikes $1.8 Billion Deal for
    Liquefied Natural Gas Business
Thousands of vacation rentals could
    be removed in Hawaii
Once worth $2.9 billion, Calif. carmaker Fisker
    scrambles to dump cars in fire sale
Rate Cuts Could Make Things Worse
    for Banks Before They Help

You May Have Missed ---
France Is Busing Homeless Immigrants
    Out of Paris Before the Olympics

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen

Sports Briefs
   California News
    "Gimme that Wine"
 This Day in History
  SuDoku
   Daily Puzzle
    GasBuddy
     Weather, USA or specific area
      Traffic Live----
       Wordle

######## 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]
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Why You Should Not Ignore Disclosure Laws
Ken Greene, Leasing New Emeritus

They say that ignorance is bliss. Maybe that is true when it comes to how laws or sausages are made, but it is patently false when it comes to state commercial finance disclosure laws. Here are the top reasons why this is so.

Some possible penalties for violating the disclosure laws are:

  1. California: Revocation or suspension of CFL license; fine of up to $10,000 or imprisonment for up to one year or both (for willful violation).
  2. New York: Fine of up to $2000 per violation or $, injunctive relief.
  3. Utah: Civil penalties of $500 per violation of up to $20,000; $1000/$50,000 for violations after written notice of prior violation.
  4. Florida: Civil penalties of $500 per violation of up to $20,000; $1000/$50,000 for violations after written notice of prior violation.
  5. Kansas: Civil penalties of $500 per violation of up to $20,000; $1,000/$50,000 for violations after written notice of prior violation.
  6. Connecticut: Civil penalties up to $100,000; restitution; injunctive relie
  7. Virginia: Injunctive relief, restitution, damages.
  8. Georgia: Civil penalties of $500 per violation of up to $20,000; $1,000/$50,000 for violations after written notice of prior violation.

Several other states, including Texas, Louisiana, Mississippi, Missouri, Pennsylvania, North Carolina, New Jersey, and Maryland, have introduced disclosure legislation. Each state has its own laws and regulations.

It is extremely difficult to keep up with the growing trend of mandating disclosure laws. Accordingly, it is of paramount importance that anyone considering undertaking a commercial finance transaction in any state consults a professional to ascertain whether commercial financing laws apply to the transaction.

License and Registration United States
A State-by-State Analysis of License Requirements for Lenders and Brokers
https://leasingnews.org/Pages/states_license.html


Ken Greene
Law Office of Kenneth Charles Greene
5743 Corsa Avenue, Suite 208
Westlake Village, California 91362
Tel: 818.575.9095
Fax: 805.435.7464
ken@kengreenelaw.com
www.kengreenelaw.com



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Funders Looking
for Broker Business

There is no advertising fee or charge for a listing. They are “free.” Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list.

We encourage companies who are listed to contact us for any change or addition they would like to make. We encourage adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers.

Please send company name, contact/email or telephone number as well as a URL to attach or description to kitmenkin@leasingnews.org

Alphabetical list - click on company name to view more detail

1st Enterprise Bank Leasing
360 Equipment Finance
Allegheny Valley Bank Leasing
Balboa Capital Corp.
Bankers Capital
Barrett Capital Corporation
Baystone Government Finance/
KS StateBank

Black Rock Capital
Blue Bridge Financial
Boston Financial & Equity Corp.
BSB Leasing, Inc.
Calfund, LLC
Celtic Bank
C.H. Brown Company
Chesapeake Industrial Leasing
Clicklease

Dakota Financial
Dedicated Funding
Dext Capital
FirstLease, Inc.
First Federal Leasing
First Midwest Equipment
Finance Co.

Financial Pacific Leasing
Forum Financial Services, Inc.
Gonor Funding
Global Financial & Leasing Services, LLC
International Financial Services
Corporation

Madison Capital
Maxim Commercial Capital

Mesa Leasing
National Equipment Finance
Navitas Lease Corp.
NewLane Finance
NexTier Leasing
NFS Leasing, Inc
North Mill Equipment Finance
Northwest Leasing Company
Padco Financial Services
Pacific Mercantile Bank
Pawnee Leasing Corporation
RLC Funding
SLIM Capital
Standard Professional Services
Targeted Funding Co
TEAM Funding Solutions
TimePayment

Full List:
https://leasingnews.org/Funders_Only/New_Broker.htm


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Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support
Plus other openings for successful, growing funders


[headlines]
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These Industries Allow Working from Home
Finance & Insurance Top the List

Finance still is the industry that offered the most hybrid-friendly job postings in 2023. This is according to data by the WFH Map project and the connected study Remote Work across Jobs, Companies, and Space from the National Bureau of Economic Research, which shows that out of all the job postings in the U.S. from the Finance & Insurance industry, 25 percent offered the possibility for remote or hybrid work, down 1.3 percentage points compared to 2022. Coming in second and third are the Professional & Scientific sector, which includes lawyers, architects, engineers and advertisers, and the Utilities sector, with 23 and 21.6 percent, respectively.

Full Remote & Hybrid Report:
https://www.statista.com/chart/32599/industries-with-the-highest-share-of-new-job-postings-allowing-remote-hybrid-work-in-the-us/

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Commercial Finance/Leasing Finance Conferences
2024 Updated

B2B Conference Broker Fair Photo. Broker Fair is co-sponsor
with Small Business Finance Association in Las Vegas, Nevada Sept. 22, 2024
 

Sept. 4-5: AACFB Commercial Financing Expo, New Orleans, LA
https://expo.aacfb.org/home
Registration Now Open - click here
Carla Freberg, Vice President of Sales, Vendor Services Group, Balboa Capital will be covering the conference for Leasing News.

Sept. 10-12: CFLA Conference, St. John's, NL, Canada
https://cfla-acfl.ca/cfla-annual-national-conference-2024.html
Hugh Swandel, President, Meridian OneCap Commercial Credit, will be covering the conference for Leasing News

Sept. 23 - 24: B2B Finance Expo, Wynn, Las Vegas, NV
https://www.b2bfinexpo.com/
It also features Poker Game for 50, Sunday, Sept. 22, 2024
https://www.b2bfinexpo.com/page/3932469/poker-party

Oct. 16-18: NVLA Conference, Clearwater Beach, Florida
https://www.nvla.org/page/2024conference
Early Bird Special:
https://leasingnews.org/archives/Jul2024/07_12.htm#nvla
Sloan Schickler, Esq., Schickler & Schickler, wlll be covering the conference for Leasing News. She is also presenting there.

Oct. 27-29: 63rd ELFA Annual Convention, Austin, TX
Registration Avaiable: www.elfaonline.org/ac

Nov. 11-14: NEFA Fall Conference, Indianapolis, Indiana
https://web.cvent.com/event/653f9e73-4bf5-4117-80de-c935474e7f72/summary
Don Cosenza, CLFP, Senior Vice President of North Mill Equipment Finance, will be covering the conference for Leasing News

To be listed, email: kitmenkin@leasingnews.org



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    Top Ten Leasing News Read by Readers
July 8 to July 12

(1) Lawyer Says Deal Close in 
Kris Roglieri, Capital Prime Bankruptcies
https://leasingnews.org/archives/Jul2024/07_08.htm#deal

(2) The Continuing Tale of Kris Roglieri
  and Prime Capital Ventures et al.
By Ken Greene, Leasing News Emeritus
https://leasingnews.org/archives/Jul2024/07_10.htm#continuing

(3) Chesswood Group Limited Issues Press Release
Still Working on Situation
https://leasingnews.org/archives/Jul2024/07_10.htm#chess

(4) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jul2024/07_08.htm#hires

(5) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jul2024/07_12.htm#hires

(6) Ryan Marr Resigns as Chesswood CEO
Financial Waiver expires on Monday, July 15
https://leasingnews.org/archives/Jul2024/07_10.htm#marr

(7) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jul2024/07_10.htm#hires

(8) Where Automakers Sell Their Cars
  in the World - You'd Be Surprised
By Visualcapitalist
https://leasingnews.org/archives/Jul2024/07_08.htm#where

(9) Commercial Finance/Leasing Finance Conferences
2024 - Updated
https://leasingnews.org/archives/Jul2024/07_08.htm#conf

(10) Client Asking for Career Advice
by Scott Wheeler, CLFP
https://leasingnews.org/archives/Jul2024/07_08.htm#client

 

[headlines]
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Academy for Certified Lease & Finance Professionals
Six Scheduled to Date
July - November 2024

According to CLFP staff, the next announcement of members will not be until mid-August. It is noted
there are several who have studied, but have not taken the test yet.

The Academy for Lease and Finance Professionals (ALFP) is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming the attendee has already self-studied. A trend has begun in having virtual online sessions.

During the first two days, all of the required sections of the CLFP exam are covered in-depth. On the third day, the exam is offered but is not mandatory and may be taken on another day.

Students are strongly advised to have read and studied The Certified Lease & Finance Professionals' Handbook prior to attending the class in order to ensure success

Schedule

Stearns Bank Public, In-Person (MN)
July 31 - August 2

Great American Insurance Group Public,
in Person, ALFP
August 8 - 9

Financial Partners Group Private
Virtual ALFP
August 12 - 13

Wintrust Public, In-Person. ALFP
August 15 -16

DLL Online Private, ALFP
October 15 - 16

First Commonwealth EF Online, ALFP
November 6 -7

For more information on the academy:
https://clfpfoundation.org/academy-for-lease-and-finance-professionals

 

[headlines]
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##### Press Release #######################

Registration Now Open for 2024 ELFA
Annual Convention - "Next Level Success"

WASHINGTON, D.C. – Registration is now open for the Equipment Leasing and Finance Association’s 63rd ELFA Annual Convention, scheduled Oct. 27-79, at the JW Marriott Downtown in Austin, Texas. The Convention is the largest annual gathering of professionals from across the $1 trillion equipment finance industry. The early-bird registration deadline is Aug.  19.


ELFA President and CEO Leigh Lytle,  said, “The upcoming ELFA Annual Convention is all about taking your business, your career and our entire industry to the next level, in keeping with our theme ‘Next Level Success,

“We've got some exciting new experiences lined up—all designed to help you learn, connect, do business and have a bit of fun along the way."

The agenda will cover a range of critical industry issues. Highlights include:

Dynamic keynotes from geopolitical strategist Peter Zeihan, business leader and former CEO of United Airlines Oscar Munoz and political analyst Amy Walter.

• New this year, educational sessions will be organized into hot-topic tracks, making it easier for attendees to focus on areas of greatest interest. The Call for Presentations deadline is July 17.

• Also new this year, the ELFA Hub in the exhibit hall will be a place to connect with peers and industry providers, listen to future-focused podcasts and tech talks, and refresh with Texas-sized snacks and drinks.

• Attendees will also participate in multiple networking events and give back through community service projects.

More information about the 63rd ELFA Annual Convention, including registration details, hotel reservations, and exhibiting and sponsorship opportunities, is available at www.elfaonline.org/ac

[headlines]
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### Press Release #########################

ELFA Launches Equity Fund for Professional Education
Educational Opportunities for Underrepresented Leaders


WASHINGTON, D.C. – The Equipment Leasing and Finance Association launched the ELFA Equity Fund for Professional Education aimed at enhancing educational opportunities for underrepresented leaders within the equipment finance sector. In 2024, the Fund will award six grants, each covering the registration fee for attendance at the ELFA Annual Convention, scheduled Oct. 27-29 in Austin, Texas. The deadline to apply for a grant is Aug. 5.

Eligibility Criteria:
Applicants must meet the following criteria to be considered for a grant:

• Current ELFA member employed full-time in the equipment finance industry.
• First-time Annual Convention attendee.
• Identify as a member of an underrepresented or marginalized group within the equipment finance sector, including but not limited to race, ethnicity, gender identity, sexual orientation, neurodiversity, socioeconomic status, ability or other aspects of diversity.
• Must have attended one of ELFA’s “people power” events in 2024 (Emergence2024, Equity Forum or Women’s Leadership Forum).
• Demonstrate a passion for the mission and goals of the fund, emphasizing commitment to diversity, access, empowerment, leadership and education.
• Must submit a completed application, letter of recommendation and statement outlining how their participation at ELFA’s Annual Convention will contribute to their professional development and advancement within the industry.

The fund does not include travel or hotel expenses. To learn more and apply, visit www.elfaonline.org/equityfund.

About ELFA
The Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA’s 575 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses’ success, U.S. economic growth, manufacturing and jobs at . https://www.elfaonline.org/

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

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Siberian Husky
Anaheim, Orange - California Adopt-a-Dog

Mishka
ID A1561685
Male
8 Years Old
64 lbs.
Red Whiter
Jurisdiction: Anaheim
Intake: 06/29/2024
Kennel: 123

Comments: Hi, I'm Mishka! If you're looking for a loving and energetic best friend, look no further! I am always ready for play time, or any other adventures we can get into together! I prefer to be the only pet in the household, but that just means all my love and attention can go to you!

County of Orange
855-886-5400
Contact Information:
714-935-6848
https://www.tustinca.org/823/Orange-County-Animal-Shelter

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News Briefs

Google Near $23 Billion Deal for Cybersecurity
    Startup Wiz - Largest Acquisition Ever
https://www.wsj.com/business/deals/google-near-23-billion-deal-for-cybersecurity-startup-wiz-622edf1a

Honeywell Strikes $1.8 Billion Deal for
    Liquefied Natural Gas Business
https://www.wsj.com/business/deals/honeywell-strikes-1-8-billion-deal-for-liquefied-natural-gas-business-4211f4c7?mod=business_feat1_deals_pos1

Thousands of vacation rentals could
    be removed in Hawaii
https://www.sfgate.com/hawaii/article/thousands-vacation-rentals-removed-hawaii-19570374.php

Once worth $2.9 billion, Calif. carmaker Fisker
    scrambles to dump cars in fire sale
https://www.sfgate.com/tech/article/california-fisker-fire-sale-dump-cars-19570318.php

Rate Cuts Could Make Things Worse
    for Banks Before They Help
https://www.wsj.com/finance/banking/rate-cuts-could-make-things-worse-for-banks-before-they-help-607b48ea?st=l8puyp6t0trpwnt&reflink=desktopwebshare_permalink

[headlines]
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France Is Busing Homeless Immigrants
    Out of Paris Before the Olympics
https://www.nytimes.com/2024/07/11/world/europe/france-is-busing-homeless-immigrants-out-of-paris-before-the-olympics.html

[headlines]
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Sports Briefs---

Steph Curry, LeBron James combine to embarrass
  shared rival in 2024 Olympics tune-up
https://www.sfgate.com/warriors/article/steph-curry-lebron-james-team-usa-dillon-brooks-19567524.php

Alcaraz wins Wimbledon by beating Djokovic,
his fourth Grand Slam by age 21
https://www.eastbaytimes.com/2024/07/14/carlos-alcaraz-wins-wimbledon-by-beating-novak-djokovic-and-now-owns-4-slam-titles-at-age-21/

SF Giants' Farhan Zaidi is already threatening
to pull the plug on the season
https://www.sfgate.com/giants/article/sf-giants-threatening-pull-plug-season-19570498.php

Travis Kelce sends a message to Taylor Swift
after winning Karaoke Lake Tahoe event
https://www.sfgate.com/renotahoe/article/travis-kelce-tahoe-karaoke-win-taylor-swift-19569610.php


[headlines]
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California News Briefs---

Mountain View-based Intuit to lay off 1,800
   as part of an AI-focused reorganization plan
https://www.mercurynews.com/2024/07/10/tax-preparation-company-intuit-to-lay-off-1800-as-part-of-an-ai-focused-reorganization-plan/

Home Depot pays $750,000 for violating gift card law after  
investigation by Sonoma County DA and three other counties
https://www.pressdemocrat.com/article/news/home-depot-sonoma-county-gift-card-law/

TOGO’s California stores get a facelift
after 50-plus years
https://www.mercurynews.com/2024/07/14/togos-california-stores-get-a-facelift-after-50-plus-years/

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Gimme that Wine

 

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

The Best Value Cabernet Sauvignons of 2024
  From $10.67 to $2.04
https://www.wine-searcher.com/m/2024/07/the-best-value-cabernet-sauvignons-of-2024

Darioush Buys Napa Valley Vineyard
He Now Owns More than 65 Planted vineyards
https://www.winebusiness.com/news/article/289879

New York Yankees Legend, Jazz Musician and Wine
 Enthusiast, Bernie Williams Announces Return
to Millbrook Winery for Summer Jazz Concert
https://www.winebusiness.com/news/article/289835

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

This Day in History

hhttps://leasingnews.org/archives/Jul2022/07_15.htm#history

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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?

https://sudoku.com/

[headlines]

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Daily Puzzle

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

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

[headlines]

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

[headlines]

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Weather

See USA map, click to specific area, no commercials

http://www.weather.gov/

[headlines]

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Traffic Live---

Real Time Traffic Information

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

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

Wordle

https://www.powerlanguage.co.uk/wordle/

How to Play
https://www.today.com/popculture/popculture/wordle-know-popular-online-word-game-rcna11056

[headlines]

Features

Alerts and Flags
Bank Beat
Brian Link Observations
Career Crossroads-Emily Fitzpatrick/RII
Cartoons
Charlie Chan sayings
Computer Tips and Social Media
Credits and Collections 102
Customer Relation Management Keeps Score
Dan Harkey Observations
Employment Web Sites
Equipment Leasing Haiku by Paul Bent
Fernando's Review
Financial Technology 102
From the Desk of Michael Witt, Esq.
Leasing 102
Leasing Cases by Tom McCurnin
Observations from the Front Porch by Jim Acee
Online Newspapers
Placards
Recruiter Hal T. Horwitz Speaks Out
Sales Make it Happen
San Francisco Valley Leasing
The Secret of Our Success
The Top Performer’s Corner
To Tell the Truth
TV Reviews by Kit Menkin
Ultimare Hire by Ken Lubin, ZRG Partners
View from the Top
Why I Became a CLP
Wine Reviews by Kevan Wilkinson


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