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October 8, 2012
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Daily news for the equipment finance sector

  Industry News 
  • FSOC might deem GE Capital systemically important
    Two sources familiar with the decision-making process say the Financial Stability Oversight Council has advanced GE Capital to the third step in an evaluation that determines whether a firm is systemically important. American International Group also has advanced to the third stage, sources say. MetLife and Prudential Financial also are likely to be deemed systemically important, analysts say. Bloomberg (10/5) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • World Bank forecasts slowing growth for developing East Asia
    The World Bank released a report predicting that growth in developing East Asia, which does not include India and Japan, will decline from 8.3% in 2011 to 7.2% this year. The lender said policymakers in developing East Asian countries have room to ramp up stimulus. Bloomberg (10/8) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Dodd-Frank stumbles in court challenges
    The Dodd-Frank Act is being picked apart in successful court challenges, Dina ElBoghdady writes. "The judges seem more than willing to say that the rules adopted in the aftermath of the financial crisis simply can't be enforced because of procedural defects," said Donald Langevoort, a professor at Georgetown University. The Washington Post (10/5) LinkedInFacebookTwitterEmail this Story
  • Bill could allow credit unions to make more loans
    Senate Majority Leader Harry Reid, D-Nev., wants to hold a vote on legislation that would allow credit unions to lend more money to businesses. "By having a wider variety of funders that are able to provide working capital, expansion loans, equipment loans, lines of credit, etc., small business owners can borrow money at more attractive rates," writes Rohit Arora of Biz2Credit. Small Business Trends (10/4) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • Oct. 9: Deadline to be included on ELFA annual convention roster
    One of the most important documents distributed at the ELFA 51st Annual Convention, scheduled Oct. 21 to 23 at the JW Marriott Desert Springs in Palm Desert, Calif., will be the attendee roster. If your name does not appear on the roster, convention goers will have a harder time finding you and meeting with you.

    The deadline to have your name included is midnight Eastern on Oct. 9. Online and mail-in registration must be received no later than this time.

    Registration will still be accepted on-site, and the online attendee listing will be updated to include those who register after Oct. 9. However, we strongly encourage you to register early enough to make sure your name appears on the attendee roster. Register for the convention. LinkedInFacebookTwitterEmail this Story
  • October employer special: ELFA Career Center
    Calling all employers with positions to fill! During October only, you'll save 15% on a 30- or 60-day job posting at the ELFA Career Center. Pay only $254 for a 30-day posting -- 50% off the nonmember price! To take advantage of this special offer, visit the ELFA Career Center, create an account and post your job using promo code OctoberSpecial. You'll see results: In 2012, our job postings have received an average of 603 views per job and 15 "Apply" button clicks. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
The ability to deal with people is as purchasable a commodity as sugar or coffee and I will pay more for that ability than for any other under the sun."
--John D. Rockefeller,
American industrialist and philanthropist


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