Former LEAF Commercial Capital CEO DeMent to Retire in 2024
Crit DeMent, who led LEAF Commercial Capital as CEO from its creation to earlier this year, will step away from his current position as chairman of the company to retire...
Funder's Hub
KBRA Rates Verdant Commercial Capital’s First Public Equipment ABS Transaction
Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Verdant Receivables 2023-1 LLC (Verdant 2023-1), an equipment ABS transaction from Verdant Commercial Capital. Verdant Commercial...
TIAA Completes Sale of TIAA Bank; Bank Officially Returns to EverBank Brand Name
TIAA completed the sale of TIAA Bank to private investors with experience in financial services and will now officially begin operating once more as EverBank under a new national bank...
LTi Technology Solutions Achieves Veracode Verified Standard Tier Status
LTi Technology Solutions, a provider of equipment finance software solutions, achieved Veracode Verified standard status. The Veracode Verified program provides third-party validation of a company’s secure software development processes from...
ELFA Releases 2023 Software Guide for Equipment Finance Industry
The increasing reliance on technology by equipment finance companies in virtually every aspect of their businesses makes investment in software solutions a critical consideration. To assist in the decision-making process,...
MUFG Adds Whitston as Chief Information Officer, Abrusci as General Counsel for Americas
Alla Whitston joined Mitsubishi UFJ Financial Group (MUFG) as chief information officer for the Americas and Matt Abrusci joined as general counsel for the Americas. Whitston will be responsible for all IT strategy, infrastructure, architecture and...
Mitsubishi HC Capital Canada Delivers $55MM Funding Facility to Dynamic Capital Equipment Finance
Dynamic Capital Equipment Finance, a wholly-owned subsidiary of Progressive Capital Equipment Finance, secured a $55 million funding facility from Mitsubishi HC Capital Canada. Dynamic Capital Equipment Finance is an independent...
OCC, Fed and FDIC Propose New Capital Requirement Rules for Large Banks
The Office of the Comptroller of the Currency, the board of governors of the Federal Reserve System and the Federal Deposit Corporation issued new rule proposals that would modify large...
Federal Reserve Boosts Interest Rates After Pause in June
On Wednesday, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 5.25% and 5.5%, marking a quarter point increase and its...
ELFA Reports Equipment Finance New Business Volume Up 6% Y/Y in June
The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross-section of the $1 trillion equipment finance sector, showed...
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