Dec 20, 2018: Canadian challenger bank Equitable Group has reached an agreement to acquire Bennington Financial Services, a growing privately-owned company serving the brokered equipment leasing market in Canada. Bennington was founded in Oakville, Ontario in 1...

 

Dec 20, 2018: OnDeck, a leader in online lending to small business, has announced it will begin offering equipment finance loans to selected US small businesses next year. The company plans to bring its innovative technology and digital lending expertise to wha...

 

Dec 20, 2018: White House official Kathy Kraninger has been named by the US senate as the next director of the Consumer Financial Protection Bureau (CFPB), the finance oversight body which has seen its activities and powers severely curtailed under the Trump adm...

 

Dec 03, 2018: Hitachi Capital America Corp (HCA) has recruited industry veteran Todd Glickstern as director of originations for the structured finance division. Glickstern has 33 years of experience in commercial finance. In his role at HCA, he is responsible f...

 

Dec 03, 2018: Leading global vendor finance company DLL has closed its latest asset backed securities (ABS) securitization transaction for more than $1 billion, marking the largest equipment deal in the recent history in US markets. The transaction follows two ...

 

Nov 26, 2018: The equipment finance industry is continuing to perform well, according to latest figures from the Equipment Leasing and Finance Association (ELFA). It says overall new business volume for October was $8.9 billion, up 6% compared to October 2017, ...

 

Nov 26, 2018: Banking and asset lending specialist CIT Group has revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing camp...

 

Nov 26, 2018: Stonebriar Commercial Finance (SCF) has launched a new sponsor finance platform. It will be led by industry veteran Michael Gay as executive vice-president and senior managing director. Since inception, Texas-based SCF has focused on developing s...

 

Nov 26, 2018: The Consumer Financial Protection Bureau (CFPB) has announced a settlement with Santander Consumer USA (SCUSA) over claims the lender did not properly disclose terms and conditions of its auto loan add-on product and auto loan extensions. The fede...

 

Nov 19, 2018: The Equipment Leasing and Finance Association (ELFA) has signalled its commitment to diversity and inclusion with updates to both its mission statement and the 2019-2021 Strategic Plan. The new language affirms ELFA’s commitment to advancing diver...