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


Wednesday, June 12, 2019

Today's Leasing News Headlines

5 Things the Finance World Can Learn From Marketers
   Alex Vasilakos Visits Conferences and Offers Advice
How to Create Additional Success
   Sales Makes it Happen by Scott Wheeler, CLFP
CLFP Academy Classes for Lease & Finance Professionals
     Attendance Update
Leasing/Finance/Business Loans Help Wanted
  New York or Remote/Credit Analyst with Franchise Experience
PayPal Becomes Leading Online Small Business Lender
   According to
Map: The Countries with the Most Oil Reserves
  By Jeff Desjardins,
Willis Lease Finance Corporation Closes Amended
    and Restated $1 Billion Revolving Credit Facility
Introducing TCF Capital Solutions
  Merger Announcement
Labrador Retriever & Plott Hound Mix
   Rensselaer, New York  Adopt-a-Dog
ELFA Lease and Finance Accountants Conference
  September 16, 2019 - September 18, 2019
       Hilton Chicago, Chicago, Illinois
News Briefs---
Amazon's new rewards card targets those with bad credit
   plus 5% back on purchases if the cardholder is a Prime member
Five Cities Lost Half or More of their Population Since 1950
  Pittsburgh, Buffalo, Cleveland, Detroit, St. Louis
Out-of-trust cases raise concerns of 'bloodbath'
  for auto retailers and auto lessors
Delta saves 41 stranded students with a private flight
     after American Airlines cancels trip

Broker/Funder/Industry Lists | Features (wrilter'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---
  Sports Brief----
   California Nuts Brief---
     "Gimme that Wine"
     This Day in History
       Daily Puzzle
         Weather, USA or specific area
          Traffic Live----

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. 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.

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5 Things the Finance World Can Learn From Marketers
Alex Vasilakos Visits Conferences and Offers Advice

FinTech #102

After attending finance conferences, we had noticed a trend in the industry. Everyone is very traditional. While tradition is not always a negative, it definitely shows a lack of diversity, change, and growth. Many of the executives we met at these conferences mentioned that they did not really spend a lot of time marketing their services and utilized the industry conferences as their networking and marketing efforts for the year. While face-to-face networking is definitely a great way to build new business relationships, you must also work on maintaining those connections and stay in front of the people you meet. Marketing is the best way to help you execute just that.

Marketing your business year round shows your business connections that you are highly attentive to your clients and well informed within the industry and market. My colleague and I found ourselves giving advice to the financial professionals we met, not just about what Search Engine Optimization (SEO) and Digital Marketing are, but also how we would implement them in their business and use it to draw business for them all year without having to attending all those conferences. So what can financial services professionals learn from the marketing world?

1. Traditional Networking is Not Enough
With technology readily available at our fingertips, we have become impatient brokers, funders, and lessors. Traditional networking includes meeting face- to-face, exchanging business cards, or running a direct mail campaign. While all of these methods still work in their own ways, they take much more time than directly connecting with a prospect on social media or email because the technology is right in their hand. It is immediate contact and a much more efficient way to get business done

2. Being Social Shows Consumer & Product Attention
Break free from that rock you have been living under and log on to social platforms! This is not only emailing clients, but getting active in on line venues such as LinkedIn, Twitter, Facebook, Instagram, with which you are more comfortable.  Being social for your business shows that you value the connections you have made with your business as well as showing that you take initiative in broadening your business.

3. Be Customer/User Driven, Not System Driven
The last couple of Google algorithm updates have emphasized the importance of creating and building your website content not for search engine rankings but for what your consumers and clients need. Without spending so much time trying to keyword stuff content that does not really serve a purpose, we can spend more time figuring out what our clients are looking for and what they need, while generating conversation content that is unique and encourages more social sharing which, in return, increases brand awareness and business outreach.

4. Product and Audience Targeting
You can learn a lot about what audience you should be targeting based on what financing products and services you offer from exploring social media platforms. You can navigate like-minded business professionals, as well as study their search patterns, what they are looking for, what they are doing with the information, and what influences them to convert their search experience into a phone call or an email.

5. Adapt and Stay Ahead of the Curve
Search engine algorithms are constantly updating and changing what they factor for website rankings. In the marketing world we are obligated to stay up to date on the latest trends in ranking factors. The daily educating we do for ourselves in our industry allows us to produce and provide quality and effective service. There is a lot of trending financial information on the Internet, which an active financial marketer would gain an advantage from if they were active in online communities, forums, and blogs.

Creating a community with like- minded people

Alex Vasilakos
Director of Marketing
The Finance Marketing Group 
Office: 518-591-4645x102 / Fax: 518-677-1071
90 State Street, Suite 1500, Albany, NY 12207

Currently, Alex works exclusively with financial services companies but his depth of knowledge and experience can help design and implement long-reaching strategies for businesses across all industries.

Previous Financial Technology Articles



How to Create Additional Success

Sales Makes it Happen by Scott Wheeler, CLFP

Originators in the commercial equipment leasing and finance industry are often asked to significantly increase their production numbers. Less savvy originators believe the simple answer to increased production lies in lower rates and/or lower credit criteria. However, lowering rates and credit criteria can produce disastrous results. The question remains:

How do top originators create additional success while simultaneously assuming less risk?

Listed below are just a few factors that contribute to top producers' success in increasing volume, while reducing risk and maintaining profit margins.

  • Top producers focus on their value proposition. Clients will pay for value-added services.
  • Top producers don't treat all relationships equally. They are good time managers and they focus on relationships that have the greatest potential.
  • Top producers leverage every relationship and transaction. They ask for referrals and build a strong network of prospects.
  • Top producers are willing to walk away from relationships and transactions that don't align with their personal strategies.
  • Top producers are not deal chasers; they are relationship builders. They have a systematic process to attract the "right" clients.
  • Top producers do not accept self-inflicted limitations. They are always reaching for the next level of success.
  • Top producers are long-term "players." They understand that success is a journey worth talking.

There is always a next level of success for an originator in the commercial equipment and finance industry. You must be determined to act boldly and maximize your outcomes every day.


Order via Amazon:  

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161

Sales Makes it Happen articles:


 Leasing Industry Help Wanted


CLFP Academy Classes for Lease & Finance Professionals
     Attendance Update

The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 766 active Certified Lease & Finance Professionals and Associates in the United States, Canada and Australia.

The Academy for Lease & Finance Professionals (ALFP) is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming the attendee has read and studied The Certified Lease & Finance Professionals’ Handbook prior to attending.

On 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 not mandatory.

September 26, 2019
Hosted by International
Decision Systems (IDS)
8:00AM (UTC-06:00)
Ends: Saturday, September 28
5PM (UTC-) 6:00
Location: TBD, Minneapolis, MN
Spaces Left: 4
Registered: 18 registrants

November 14, 2019
Hosted by Odessa
Start: Thursday, November 14
8:00AM (EST)
End: Saturday, November 16
4:00Pm (EST)
Location: Two Liberty Place, 50 S. 16th St.,
Suite 2300, Philadelphia, PA 19102
 (For clarity on ease of access, entrance is
 on 16th Street between Chestnut
and Market Streets)
Spaces Left: 2
Registered: 28 Registrants

Hotels (with Odessa corporate rate):
The Windsor Suite, 1700 Benjamin Franklin Pkwy, Philadelphia, PA 19103
Corporate Rate of $149/night

For reservations call (215) 207-9942 or email and let them know you would like the Odessa Technologies, Inc. rate.

Cambria Hotel & Suites - Philadelphia Downtown Center City, 219 S. Broad Street, Philadelphia, PA 19107
Corporate Rate of $149/night

For reservations: Call the Cambria hotel and Suites at 800-4CHOICE or the hotel directly at
215-732-5500 and ask for the Odessa Technologies, Inc. rate.

Book directly online at and use the code LODESS

Recommended Hotels (without corporate rate):
The Westin, 99 South 17th Street at Liberty Place, Philadelphia, PA 19103
(215) 563-1600

Club Quarters, 1628 Chestnut St (at 17th Street), Philadelphia, PA 19103
(215) 282-5000

Dress code:
Business casual - jeans okay!
For more information, please contact Reid Raykovich, CLFP at:

(For use if you take the CLFP Exam in 2020, use sixth edition if taking the test this year)
The Handbook is available for purchase through the Foundation’s website and also through Amazon.  The 2019 CLFP Exam will continue to be based on the Sixth Edition of the Handbook, and in 2020, the Exam will be updated to reflect the new content.


PayPal Becomes Leading Online Small Business Lender
According to


Full Story:




Full Story by Jeff Desjardins,


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

Willis Lease Finance Corporation Closes Amended
and Restated $1 Billion Revolving Credit Facility

COCONUT CREEK, Fla., -- Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor, announced today that it has expanded its $890 million revolving credit facility to $1.0 billion. The facility has a 5-year term and is structured with the flexibility to support WLFC’s growing business. Willis Lease and its subsidiaries will use the expanded credit facility to continue growing its lease portfolio, which included nearly $2.0 billion of owned and managed assets as of March 31, 2019.

Charles F. Willis, IV, Chairman and CEO, reported, “This improved credit facility delivers significant access to capital with attractive term and flexibility to support the continued growth of our platform.
“Access to capital is fundamental to our success and we are grateful for the support of our long term and new banking partners.  We look forward to furthering the relationships that we have with our banking partners and thank them for the confidence they have in our business model.”

The $1.0 billion revolving credit facility has a $300 million accordion feature allowing for expansion up to $1.3 billion.  The facility is provided by a syndicate of seventeen banks including: MUFG Bank, Ltd./MUFG Union Bank N.A., as Administrative Agent, Joint Lead Arranger, Joint Bookrunner, and Security Agent; Bank of America, N.A. as Joint Lead Arranger, Joint Bookrunner and Syndication Agent; Wells Fargo Securities, LLC/Wells Fargo Bank, National Association as Joint Lead Arranger, Joint Bookrunner and Documentation Agent; and U.S. Bank National Association, City National Bank, and The Huntington National Bank as Senior Managing Agents.

About Willis Lease Finance
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers in 120 countries. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services supported by cutting edge technology through its subsidiary Willis Asset Management, as well as various end-of-life solutions for aircraft, engines and aviation materials provided through its subsidiary, Willis Aeronautical Services, Inc.

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


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

Introducing TCF Capital Solutions
Merger Announcement

TCF Capital Solutions brings together TCF Equipment Finance and Winthrop Resources to deliver deep lending and leasing expertise for healthcare, industrial and technology industries

TCF National Bank (TCF Bank) and TCF Financial Corporation (TCF) (TCF), announce the formation of TCF Capital Solutions, which brings together the resources of TCF Equipment Finance and Winthrop Resources Corporation to deliver deep lending and leasing expertise and financing solutions for the healthcare, industrial, specialty markets, and technology industries. TCF Capital Solutions customers will benefit from more than two decades of leadership in specialty financing solutions, even more focused client support, and a best-in-class service experience.

“The expertise and deep industry knowledge of our teams in TCF Capital Solutions, combined with the strong support of the financial resources of TCF Bank, differentiates us among leasing and financing providers,” said William S. Henak, executive vice president, Wholesale Banking for TCF. “Bringing together our equipment and technology finance businesses and serving our customers by industry will make it easier for our customers and they will benefit from our team’s knowledge and understanding of their business needs.”

"We have a strong focus on meeting and exceeding the needs of our customers and this change is in direct response to our customers telling us what more we can do to help them grow their businesses," said Gary A. Peterson, chief executive officer of TCF Capital Solutions. "We are positioning our experts in the healthcare, industrial, specialty and technology industries to serve as a single point of contact to our customers and to innovate and deliver new products and services that address their evolving business needs."

TCF also announced the appointment of several executive leaders for TCF Capital Solutions:

  • Richard J. Chenitz is named president and chief operating officer for TCF Capital Solutions;
  • Paul L. Gendler is named executive vice president and managing director, Corporate Business Development and Capital Markets for TCF Capital Solutions; and
  • Todd Watterson is named executive vice president and chief administrative and financial officer for TCF Capital Solutions.

TCF Capital Solutions will go to market with dedicated teams organized by industry expertise and specialty, with a focus on delivering financing solutions and services that help clients and customers accelerate their business goals. These business segments include:

  • Healthcare Finance includes hospitals, health systems, physician and group practices, outpatient, homecare, medical device, pharma, biotech and other adjacent health care and life science segments.
  • Industrial Finance serves construction, manufacturing, transportation, environmental and agriculture equipment financing.
  • Specialty Finance provides specialized vehicle and equipment financing for specialized markets, including tow trucks, motor coaches, emergency vehicles, funeral coaches, shuttle buses, in addition to golf and franchise financing.
  • Technology Finance provides financing of technology software and hardware as well as scalable data storage solutions for multiple industry segments.
  • Capital Markets purchases lease and loan transactions from banks and leasing companies and other capital markets activities as well as leads the strategic development of new markets and products.

To learn more about TCF Capital Solutions, visit

About TCF
TCF is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2019, TCF had $24 billion in total assets and 312 bank branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, visit

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


Labrador Retriever & Plott Hound Mix
Rensselaer, New York  Adopt-a-Dog

Black, Brindle
Coast Length: Short
House Trained: Yes
Vaccinations up to Date
Prefers a Home without
other dogs, cats, other animals

Meet GUS
Placement limited to within an hour's drive of Albany, NY. Please take a moment to read the pet’s ENTIRE description which should answer many of your questions.

GUS is a ~65 pound Lab/Plott Hound, 6 years old, rescued from a local animal shelter that was full. Gus loves people, but he would do best as an only pet. He is a healthy, exuberant boy who is looking for an active person to become his new best friend. A jogger or hiker would be perfect and playing fetch and snuggling with his person at the end of a busy day are his favorite activities! $200 fee.

Some of our general policies: 1) Pets can be seen at pet adoption clinics or BY APPOINTMENT TO APPROVED APPLICANTS ONLY. Application and general adoption fee schedule (exceptions noted in pet's description) at For our weekly pet adoption clinic schedule, like us on Facebook. 2) For the safety of the dog and children, we generally DO NOT place senior dogs or dogs less than 35 pounds in households where children under 8 years old either reside or visit frequently. 3) Note that, unless we have prior records on a rescued pet, ages, grown weight for puppies, etc. are estimates only. 4) If you are interested in a CAPP pet, read CAPP's Program page on our web site which fully explains our adoption process or talk to us at a pet adoption clinic.

Companion Animal Placement Program, Inc.
#279 Troy Road, Suite 9
Rensselaer, NY 12224
Phone: (518) 292-0555

Who We Are
Companion Animal Placement Program (CAPP) is a 501(c) (3) not-for-profit, all volunteer animal rescue organization located in the Albany, New York area. CAPP provides support to pet owners, animal shelters and other animal rescue organizations by assisting in the rescue and placement of homeless pets.

Adopt a Pet


ELFA Lease and Finance Accountants Conference
September 16, 2019 - September 18, 2019
Hilton Chicago, Chicago, Illinois

Introduction to the Leasing and Finance Industry

Discussion Leader:

Managing Principal
The Alta Group


Bridgeway Capital Advisors

Vice President

Conference Speakers:




News Briefs----

Amazon's new rewards card targets those with bad credit
 plus 5% back on purchases if the cardholder is a Prime member

Five Cities Lost Half or More of their Population Since 1950
  Pittsburg, Buffalo, Cleveland, Detroit, St. Louis

Out-of-trust cases raise concerns of 'bloodbath'
  for auto retailers and auto lessors

Delta saves 41 stranded students with a private flight
     after American Airlines cancels trip


You May Have Missed---

Commercial Finance Association Annual
Asset-Based Lending & Factoring Survey (13 pages)


Life is like a basketball, you dribble your way through the court
As you dribble your way through situations.
Pump faking your shots
As you pretend with your real feelings.
Regardless of missing multiple shots, you must keep shooting, get up when
you fall down, and move on because one day you will make it!!
As the buzzer ticks so does your time on earth, shoot
wisely as if it was your last.
Follow through to score victoriously as you follow
the path that guides you to a successful and happy
life in the future.
To some it is just a game but...
Basketball is LIFE
LIFE is basketball



Sports Briefs---

Barber: Kevin Durant sacrifices himself for Warriors

Steve Kerr explains why Kevin Durant's injury
   has been so frustrating

Aaron Rodgers Donates 7-Figure Gift
   to Cal Football Program; Scholarship Created

US soccer sets World Cup records with 13-0 rout of Thailand

Oakland Raiders will be the subject of this season's edition
    of HBO's 'Hard Knocks'


California Nuts Briefs---

194 Best Employers in California: New Forbes List

Downtown San Jose gets game changer
      with Jay Paul development site

Unlike its neighbors, Palo Alto expresses no intention
    of banning RVs for city streets



“Gimme that Wine”

The Inexorable Rise of Wine Prices

Slowing Sales Force Wineries to Review Market Position

Connecticut Consumers Celebrate New Wine Shipping Law

Free Wine App

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

     1665 - New Amsterdam legally became British and was renamed New York after English Duke of York.  England installed a municipal government in the former Dutch settlement.
    1771 - Patrick Gass (1771-1870) was born in Falling Springs, PA.  He was a Sergeant of the Lewis & Clark Expedition who wrote a famous book of the exhibition, “Corps of Discovery” that is still available.
    1775 - The first U.S. Naval battle in the Revolutionary War took place when Captain James Moore of the British schooner Margaretta arrived in the harbor of Machias, Maine, and ordered the inhabitants to take down a liberty pole they had erected. The townspeople, led by Jeremiah and John O'Brien, set out in a confiscated sloop, the Unity, and in a hand-to-hand encounter captured the Margaretta and confiscated her cannons. The captured crew was marched overland to Cambridge, MA where they were turned over to General George Washington. The American loss was four killed and eight wounded.
    1775 – British Gen. Gage declared martial law in Massachusetts. The British offered a pardon to all colonists who lay down their arms. There would be only two exceptions to the amnesty: Samuel Adams and John Hancock, who if captured, were to be hanged.
    1776 - Virginia's colonial legislature became the first to adopt a Bill of Rights. The Virginia Declaration of Rights granted every individual the right to the enjoyment of life and liberty and to acquire and possess property. The Virginia document was written by George Mason and was a precursor to the Declaration of Independence. Mason refused to endorse the Declaration of Independence because it did not include a Bill of Rights.
    1787 - Law passed providing a US Senator must be at least 30 years old
    1806 – The designer of the Brooklyn Bridge, John A. Roebling, was born in Prussia.  He also designed 10 other bridges across eastern and Midwestern rivers.
    1813 - The Revenue cutter Surveyor, at anchor in the York River, Virginia, was surprised by a three-barge attack force launched from the British frigate HMS Narcissus. Outnumbered 50 to 15, the cuttermen wounded seven and killed three of the enemy before the cutter was captured. The British commanding officer of Narcissus was so impressed by "the determined way in which her deck was disputed, inch by inch," in hand-to-hand combat, he returned to Revenue Captain William Travis, the commanding officer of Surveyor, "the sword you had so nobly used."
    1838 - The Iowa Territory was organized.
    1849 – The gas mask was patented by Lewis Haslett, Louisville, KY.
    1859 – The Comstock Lode (silver) was discovered in Nevada.
    1861 - Missouri Governor Claiborne Jackson called for 50,000 volunteers to stop Federal troops from taking over his state.  When Union troops in St. Louis jailed the local militia, fighting broke out and Jackson declared Missouri to be a free republic. In November 1861, the Confederacy recognized Missouri as its twelfth state, but the Union was increasingly dominant, and Jackson and his colleagues fled to Arkansas, pending a new invasion. Before this could happen, Jackson died of stomach cancer at Little Rock.
    1864 - After suffering a devastating defeat on June 3, Union General Ulysses S. Grant pulls his troops from their positions at Cold Harbor, Virginia, and moves south. Back in Washington, Lincoln fears he may lose the coming election due to the events of the Civil War and unrest of recruiting drives in the North. The North had more men and supplies (especially since they paid bonuses for recruits and allowed citizens to use substitutes.  As many immigrants entered the United States, they were both given a bonus to join, plus clothes, food, housing, and pay). This day in one of his flamboyant moves, Confederate J.E.B “Beauty” Stuart led a force of cavalry and artillery to reconnoiter Federal positions on the Peninsula. Considered the South's first hero, Stuart and his men completely encircled McLennan's forces, disrupting communications and supply lines and leading the Union forces to believe they were threatened by a much larger force. The large boost to Confederate morale was strengthened when Stonewall Jackson's forces were reinforced under orders by Robert E. Lee. Four days later, Stuart had circled the entire Yankee force, 105,000 strong, and provided Lee with crucial information. Lee dispatched Stuart, his dashing cavalry leader, and 1,200 troopers to investigate the position of McClellan's right flank. Stuart soon discovered that McClellan's right flank did not have any natural topographic features to protect it, so he continued to ride around the rest of the army in a bold display that exceeded Lee's orders. His troopers took prisoners and harassed Federal supply lines. They rode 100 miles, pursued by Union cavalry that was commanded, coincidentally, by Stuart's father-in-law, Philip St. George Cooke. The Confederate cavalry was far superior to their Yankee counterparts, and the expedition became legendary when Stuart arrived back to Richmond on June 15. The information provided to Lee helped the Confederates begin an attack that eventually drove McClellan from Richmond's doorstep. Two years later, facing a better coordinated and overwhelming Union Army, General Stuart tried this same strategy, but was fatally wounded and his unit was basically split up into other Confederate forces due to the lack of his leadership. It was said that if Stuart had arrived in Gettysburg on the first day, the outcome may have been different. The battle here was dumb luck into running into one of General Lee's contingents on the way to join him in the plan to raid Washington, D.C. Stuart was said to be the “eyes and ears” of any General Lee campaign, also considered one of the most brilliant war strategist and commander of troops.
    1868 - Birthday of Solomon (Sol) White (1868-1955) at Bellaire, OH. Baseball player, manager and sportswriter. White played five seasons in white organized baseball and the balance of his career as a player and manager in black baseball. He wrote “The History of Colored Baseball” in 1907.
    1880 - John Lee Richmond pitched the first perfect game in Major League history: Worcester 1, Cleveland's Forest City 0.
    1899 – In the country’s eighth deadliest tornado, the New Richmond Tornado killed 117 people and injured around 200.
    1915 – David Rockefeller, former CEO of Chase Manhattan Bank, was born in NYC.
    1916 - Tennis legend Bill Tilden (1916-53) made his 1st appearance at US tennis championship
    1924 - Birthday of George Herbert Walker Bush, 41st US President, amateur golfer and former college baseball player, in Milton, MA.

    1928 - Birthday of singer Vic Damone born Vito Farinola, New York, New York.,,420154,00.

    1929 - Anne Frank (1929-45) was born at Frankfurt, Germany.  Her family moved to Amsterdam to escape the Nazis but after Holland was invaded by Germany, they had to go into hiding. In 1942, Anne began to keep a diary given to her on her birthday. She died at Bergen-Belsen concentration camp in 1945. After the war, her father published her diary, on which a stage play and movie were later based. She is remembered today.
    1930 - Barbara Harris’ birthday in Philadelphia.  She was the first woman bishop of the Episcopalian Church. Black and lesbian, her ordination as Bishop Suffragan of Massachusetts in 1989 is still being opposed by many in the religious community.
    1930 – Jim Nabors, “Gomer Pyle” was born in Sylacauga, AL.
    1934 – The Black-McKeller Bill passed, forcing Bill Boeing’s empire to break up into Boeing United Aircraft [Technologies] & United Air Lines
    1935 – 17 year-old Ella Fitzgerald, with the Chick Webb Band, makes her record debut with “Love and Kisses” (Decca 494).
    1935 - Senator Huey Long of Louisiana made the longest speech on Senate record. The speech took 15 1/2 hours and was filled by 150,000 words.
    1938 - Count Basie and Benny Goodman bands play Madison Square Garden.
    1939 - The National Baseball Hall of Fame and Museum was dedicated at Cooperstown, NY.  The first players chosen, in 1936, for membership were Ty Cobb, Honus Wagner, Babe Ruth, Christy Mathewson and Walter Johnson. Relics and memorabilia from the history of baseball are housed at this shrine of America's national sport.
    1941 - Chick Corea’s birthday, born Armando Anthony "Chick" Corea in Chelsea, MA.  He established himself as a major jazz figure with his work on Miles Davis's landmark jazz-rock albums "In a Silent Way" and "Bitches Brew" in 1969. Corea continued his rock fusion experiments by forming the group Return to Forever in 1972, making extensive use of synthesizers. The group was popular on the rock circuit before disbanding in 1976. Since then, Corea has played mostly acoustic piano.
    1941 – Sportscaster Marv Albert was born in Brooklyn.
    1942 – Len Barry, lead singer of The Dovells, was born in Philadelphia.  "Bristol Stomp" (went to #2), sold over one million copies, and was awarded a gold disc and the group followed with “You Can’t Sit Down” (#3), and “Hully Gully Baby”.  He went solo in 1965 and landed with “1-2-3” (#2), and “Like a Baby”.
    1944 - In the last years of World War II, the Japanese military turned to increasingly desperate (and suicidal) attack methods. One such method was the kaiten: a kamikaze-like torpedo piloted by a crew member grateful for the honor. The sacrificial warriors would climb into 48-foot metal tubes, seat themselves in canvas chairs before a steering wheel and guidance instruments - a compass, Swiss clock, and radio - and wait to hear the fatal word: Fire! Released from the metal bands clamping it to the submarine, the kaiten began rocketing towards eternity. With a top speed of twenty knots and a range of 27 miles, it was quite a sight, although it regularly missed its target as the pilot struggled to keep the speeding missile on course. When he was successful - the kaiten was tipped with a magnetic warhead designed to explode within 25 feet of any metal hull - the pilot was vaporized upon impact, often in mid-prayer. It was impossible for a submerged "mother" sub to retrieve a kaiten, and if the pilot missed his target, he eventually ran out of fuel, and, gliding to the ocean bottom, was fatally crushed by the immense pressure. (“In Harm's Way”)
    1944 - A third wave of Allied forces has landed. There are now 326,000 troops, 104,000 tons of supplies and 54,000 vehicles deployed in Normandy, France. Elements of US 7th Corps and 101st Airborne Division advance across the Carentan Peninsula and southwest. Also, the 4th Division is engaged at Montebourg, Crisbecq and near Azeville to the northward drive on Cherbourg. The 5th Corps assists 7th Corps and advances toward St Lo. Caumont is captured and Foret de Cerisy and the Bayeux road are reached.
    1948 - Stan Kenton Band ends tour with concert at Hollywood Bowl.
    1948 - Eddie Arcaro rode Citation to victory in the Belmont Stakes, making the colt the eighth horse to win the Triple Crown and the last until 1973.
    1948 - Ben Hogan won the US open at Riviera Country Club with a record score of 276, five strokes better than any previous Open score. For Hogan, it was the first of four Open Championships, the others coming in 1950, 1951, and 1953.
    1952 - Maurice Olley, Chevrolet's Chief Engineer, completed his chassis, code-named "Opel," which would eventually become the chassis for the 1953 Corvette. In February of 1956, Arkus-Duntov drove a modified Corvette V-8 to a two-way stock car record of 150 miles per hour at the Daytona Raceway. While the Corvette would not surpass the T-Bird in sales during the 1950s, it would fulfill GM's initial expectation in becoming the first American sports car.
    1955 - Top Hits
“Cherry Pink and Apple Blossom White: - Perez Prado
“Rock Around the Clock” - Bill Haley & His Comets
“Learnin' the Blues” - Frank Sinatra
“In the Jailhouse Now” - Webb Pierce
    1957 - Jerry Lee Lewis' "Whole Lotta Shakin' Goin' On" entered the Billboard country and western chart. The next week, the record made its debut on the Billboard pop chart as well. The song first sold 100,000 copies in the US South. After Lewis appeared on Steve Allen's TV show, "Whole Lotta Shakin' Goin' On" sold more than six-million copies. It would eventually top both the country and R'n'B charts, and rise to number three on the Hot 100 survey.  
    1959 - Chess Records released two LPs in US - "Chuck Berry on Top" and "Go Bo Diddley".
    1959 - Sam Cooke insisted on racially integrated seating for his dual-headlining show with Jackie Wilson in Norfolk, VA.
    1961 - President John F. Kennedy signed a Presidential Proclamation calling for the American flag to be flown at the Marine Corps War Memorial in Arlington, Virginia, "at all times during the day and night." Discussions between the Attorney General's office and Marine Corps officials earlier in 1961 on improving the visibility and appearance of the monument led to the proposal to fly the Flag continuously, which by law could only be done by Congressional legislation or by Presidential proclamation. 
    1961 – In one of the first rock tours to play on the continent, Frankie Avalon began a 12-day tour of South America.
    1963 - Medgar Evers, civil rights activist and martyr, was assassinated in front of his home in Jackson, MS by KKK member Byron DeLa Beckwith.
    1963 - Elizabeth Taylor starred in the $40,000,000 film epic, "Cleopatra". The movie certainly gave ticket buyers their money's worth. It lasted for four hours, three minutes. "Cleopatra" opened at the Rivoli Theatre in New York City on this day. Richard Burton starred as Marc Antony, Rex Harrison played Julius Caesar, Hume Cronyn played Sosigines, Carroll O'Connor was Casa and Roddy McDowell appeared as Octavian.
    1963 - Top Hits
“It's My Party” - Lesley Gore
“Sukiyaki” - Kyu Sakamoto
“Da Doo Ron Ron” - The Crystals
“Lonesome 7-7203” - Hawkshaw Hawkins
    1964 - Nelson Mandela (1918-2013), South African president and political activist, was sentenced to life imprisonment after conviction for "sabotaging" the South African government. Many American were incensed, both political and business boycotts began.
    1965 - Sonny and Cher made their US television debut, singing "Just You" on ABC-TV's American Bandstand.
    1965 - Six weeks after it entered the Billboard Hot 100, "Back in My Arms Again" becomes The Supremes’ fifth consecutive number one hit. They were the first American group to accomplish that feat.
    1965 - The Queen of England announced that The Beatles would receive the coveted MBE Award. The Order of the British Empire recognition had previously been bestowed only upon British military heroes, many of whom were so infuriated by the news, they returned their medals to the Queen. In fact, John Lennon wasn't terribly impressed with receiving the honor. He returned it for other reasons.
    1966 - The Dave Clark Five broke a record by becoming the first rock band to make 12 appearances on CBS-TV's Ed Sullivan Show.
    1967 - The US Supreme Court decision in “Loving v Virginia” swept away all 16 remaining state laws prohibiting interracial marriages.
    1971 - Top Hits
“Want Ads” - The Honey Cone
“Rainy Days and Mondays” - Carpenters
“It's Too Late/I Feel the Earth Move” - Carole King
“You're My Man” - Lynn Anderson
    1972 – The best chicken on the planet!  Popeye’s was founded in Arabi, LA.
    1972 - Ronnie Spector finally escaped the infamous Alhambra, CA mansion of Phil Spector, barefoot and assisted by her mother, after being held there since their marriage in 1968. Ronnie, formerly lead singer of the Ronettes, reportedly escaped by crashing through the glass door at the back of the "castle," leading to deep cuts on her feet.
    1973 - Grand Funk record "We're An American Band", which will become their first US number one single by the following September.
    1973 - Emily Howell is hired by Frontier Airlines, the first woman pilot for a scheduled passenger airline in the United States. She had trained male commercial pilots for years. About six months later, Bonnie Tiburzi flew out of New York as the first woman pilot of a nationwide airline, American Airlines.

    1974 – Hideki Matsui was born in Ishikawa, Japan.  After playing the first ten seasons of his career in Japan, he played the next seven seasons, from 2003–2009, for the New York Yankees. He was the 2009 World Series MVP which the Yankees won, their 28th World Championship.  Combining his Japanese and Major League careers, he hit 507 HRs and knocked over 1600 runs.        
    1978 – “Son of Sam”, David Berkowitz was sentenced to 365 years in prison for six killings in NYC.
    1979 - Top Hits
“Love You Inside Out” - Bee Gees
“We are Family” - Sister Sledge
“Just When I Needed You Most” - Randy Vanwarmer
“She Believes in Me” - Kenny Rogers
    1981 - Major League baseball players began a 49 day strike over free-agent compensation.
    1983 - The state of Utah was besieged by floods and mudslides. Streets in downtown Salt Lake City were sandbagged and turned into rivers of relief. The town of Thistle was completely inundated as a mudslide made a natural dam.
    1983 – The uniforms of Charlie Gehringer, #2, and Hank Greenberg, #5, were retired by the Detroit Tigers, a late honor to two Hall of Famers.  They joined Al Kaline’s #6 which was retired in 1980.
    1987 - President Ronald Reagan delivered a now-famous speech at the Brandenburg Gate in West Berlin, “General Secretary Gorbachev, if you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization: Come here to this gate! Mr. Gorbachev, open this gate! Mr. Gorbachev, tear down this wall!” Destruction began November 9, 1989 on the Berlin Wall that had divided the city for some 28 years.
    1987 - Top Hits
“You Keep Me Hangin' On” - Kim Wilde
“Always” - Atlantic Starr
“Head to Toe” - Lisa Lisa & Cult Jam
“I Will Be There” - Dan Seals
    1988 - A dozen of Canada's top songwriters were honored in Vancouver for writing songs that had been played on Canadian radio at least 100,000 times since 1965. Gene MacLellan won three of the awards from the Performing Rights Organization of Canada, including one for writing the Anne Murray hit, "Snowbird". The others were for "Put Your Hand in the Hand" and "The Call". Burton Cummings also won three awards for "Stand Tall", "Break It to Them Gently" and "These Eyes".
    1990 - Oakland A's Rickey Henderson becomes 2nd to steal 900 bases.
    1990 – Cal Ripken, Jr played in his 1,308th consecutive game, moving into second-place on the all-time list ahead of former Yankees and red Sox SS Everett Scott (1918-25). Ripken passed Lou Gehrig in 1995 when he played in his 2131st consecutive game as the all-time leader and retired with the still-record 2,632 in 1998.
    1991 - Particle Physics Laboratory in Geneva held a seminar about the World Wide Web, a new hypertext system designed by British computer scientist Tim Berners-Lee during a fellowship at CERN. In May, Berners-Lee had presented the architecture for the World Wide Web to a CERN committee and released a version of the Web on CERN's computers. Berners-Lee had been developing the system, which allowed Internet documents to "link" to each other easily, since 1989. By 1990, he had created the basic parameters of the World Wide Web, which were posted on the Internet in the summer of 1991. Berners-Lee continued to develop the Web through 1993, working with feedback from Internet users. By late 1991 and early 1992, the Web was widely discussed, and in early 1993, when Marc Andreessen and other graduate students at the University of Illinois released the Mosaic browser (Netscape's precursor), the Web rapidly became a popular communications medium.
    1991 - The Chicago Bulls won their first NBA championship. The Bulls beat the Los Angeles Lakers four games to one.  One of the NBA's greatest dynasties, they won six NBA championships between 1991 and 1998 with two three-peats. The years between the three-peats were those in which Michael Jordan retired following his father’s murder, to play minor league baseball.  All six championship teams were led by Hall of Famers Jordan, Scottie Pippen and coach Phil Jackson. The Bulls are the only NBA franchise to win multiple championships and never lose an NBA Finals in their history.
    1992 - In a letter to the U.S. Senate, Russian Boris Yeltsin stated that in the early 1950's the Soviet Union had shot down nine U.S. planes and held 12 American survivors.
    1994 - The gruesomely-murdered bodies of Nicole Brown Simpson and Ron Goldman were discovered outside Nicole's Brentwood, California condominium. Within days, actor/football legend O.J. Simpson was charged by police. He was acquitted in criminal court [1995], but found liable for the deaths in a civil suit [1997]. The murderer(s) have not been caught as of this date (or was he and let go by a “glove that did not fit?”)
    1994 – The Boeing 777 made its first flight.
    1996 - In Philadelphia, a panel of federal judges blocked a law against indecency on the internet. The panel said that the 1996 Communications Decency Act would infringe upon the free speech rights of adults.
    1997 - Interleague play began in Major League Baseball, ending a 126-year tradition of separating the major leagues until the World Series.
    1998 - Compaq Computer paid $9 billion for Digital Equipment Corp. in largest high-tech acquisition. In 2002, Compaq was acquired by Hewlett-Packard for $24.2 billion.
2002 - The Los Angeles Lakers make it three NBA Championships in
a row.

    2003 - Van Morrison, Queen, Little Richard and Phil Collins were inducted into the Songwriters Hall of Fame in a New York City ceremony.
    2009 - In the US, the switch from analog TV transmission to digital was completed.
    2012 – Alex Rodriguez tied Lou Gehrig’s record by hitting his 23rd career grand slam.  The 8th-inning blast allows the Yankees to tie the score, and Nick Swisher hit a two-run shot later that inning for a 6 - 4 win.

NBA Finals Champions

        1984 - Boston Celtics
        1991 - Chicago Bulls
        2002 - Los Angeles Lakers



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- CLFP Foundation Grows to 754 Active Members
    Adds 69 Individuals through April/May Exams
- Letters! We Get Email
   Parrotto/North Mill/Calif. New Law/How Many Brokers?
- "We’re still getting residuals from a company 14 years later.”
     Phil Dushey, President, Global Financial Services
- 2018 Leasing News Person of the Year Award
   Presentation to Jerry Parrotto
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   By Monitor Magazine
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   Anuva Capital, Buena Park, California
- AACFB 2019 Annual Conference Report
- deBanked New York City Broker Fair 2019
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   of Implementation of California New Interest Disclosure Law
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- ELFA Legal Forum San Diego, California Report
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Letters! We Get Email
- Appears Stagnant/Last Post April 10th
- CLFP Foundation Releases Seventh Edition Handbook
- Map: The Salary Needed to Buy a Home in 50 U.S. Metro Areas
- Report Misleads More Businesses Applied for MCA
  than Leasing: 2018 Federal Reserve Survey Report
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   Use of Financing and Credit -Federal Reserve
- Semi-Confirmed: Amur Equipment Finance
   Acquired by PIMCO’s Private Equity Group
- BAMFi Processes $1 Billion in Transactions
- ELFA Opens Forum for Members
- Women at NEFA Lunch
- Company Allegedly Not Paying Broker
   for Two Companies Who Renewed
- Highlights Marlin Business Services Corp. 10K
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- Terry Jennings, CLFP, Promoted to President
- SpamArrest Recommended by Kit Menkin
- Not Many Franchise Funders Work with Brokers
- Top Four Leasing Company Websites in North America
- Marlin Business Services Changes Name and Logo
  Now "Rebranding" as Marlin Capital Solutions
- Reactions: Gerald "Jerry" Parrotto
- Gerald "Jerry" Parrotto
   2018 Leasing News Person of the Year
- Secured Lending Confidence Index: Strong Optimism
- OnDeck To Enter Equipment Financing Market
- Ten Ways to Reduce Attorney Fees for Outside Counsel
- Fred Van Etten, President, Midland Equipment Finance
   Plays Golf with former President George H.W. Bush
- Marshall Goldberg Reports California Senate Bill 1235
   Will Not Become Effective Before Year End 2019
- Mazuma Up to Old Tricks, Been Following for Years
- Day in the Life" from Chris Enbom, CLFP
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   for $429,000 as a Result of Lying to Lessee
- Top Six Leasing Company Websites
- 63 Banks, Finance, and Leasing Companies Hit
   With Losses over $7 Million after Some Recoveries
- How Fraud Worked in 63 Banks, Finance, Leasing Companies
  Losses over $7 Million after Some Recoveries
He’s Back! Trebels Says He Has Completed More than $1 billion
    in Transactions Service More than 100 lenders and Investors
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- Changes at Amur Financial Group
- Sudhir P. Amembal 40th Anniversary
- Menzel on Bob Fisher July 18, 2000 Capital Stream
- The Inside on What is Going On at Amur Financial Group
- Don't Get Fooled by these Common UCC Filing Myths
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- Takeaways from the 2018 Credit Manager Survey
- Equipment Finance Merger & Acquisition Interest Strong
- The Growth of Commercial Loan Brokers
   Goodbye “Lease Consultant” Title
- Leasing Broker in Massachusetts Sentenced
- Types of Fraud
-The Necessity of Landlord Waivers
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- Tips for Obtaining Financing - Despite Challenged Credit
- Four Types of Interim Rent
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
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    and Make Extra Income
- Your Photograph on
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- Why Leasing News is Different
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