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February 13, 2013
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Daily news for the equipment finance sector

  Industry News 
  • GE Capital sees prospects in channel financing
    The channel community has strong opportunities in 2013 to provide finance solutions, such as in cloud computing, GE Capital Managing Director Mike Marcolina says. He notes that GE's financial-services unit increased channel financing to $12 billion in 2012, from $10.8 billion in 2011. (U.S.) (2/12) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Index: Optimism rose among small businesses in January
    Small-business optimism ticked up slightly in January, according to the National Federation of Independent Business. It was the second month of increase, after a plunge in November because of concerns about the "fiscal cliff." Still, the index shows that optimism remains below levels seen between October 2011 and October 2012. The Hill/On the Money blog (2/12) LinkedInFacebookTwitterEmail this Story
  • U.S. makes surprise shift to budget surplus
    Economists were caught by surprise when the U.S. budget, for the first time in five years, posted a surplus for January. The $3 billion surplus reduced the cumulative deficit for this fiscal year by 17%. The Congressional Budget Office says the government received an extra $9 billion because a payroll-tax reduction expired Dec. 31. Reuters (2/12) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • House panel plans to review Dodd-Frank implementation
    The House Financial Services Committee will review how the Dodd-Frank Act is being implemented, according to a draft agenda. "The Committee will seek to ensure that regulators carefully and transparently assess the costs and benefits of regulations called for by the Dodd-Frank Act," committee Chairman Jeb Hensarling says in the document. The agenda also includes discussion of changing or ending Fannie Mae and Freddie Mac's charters, and a review of government oversight of over-the-counter derivatives. Democrats on the committee are expected to resist what they perceive to be a watering down of Dodd-Frank. Reuters (2/12) LinkedInFacebookTwitterEmail this Story
  • FSB finds inadequate risk management at some banks
    A Financial Stability Board study says almost half of 36 banks and broker-dealers examined do not have a risk-management policy that is strong enough. "These gaps need immediate attention by both supervisors and firms," the FSB said. The board also notes greater deficiency at smaller institutions and companies in the developing world. Bloomberg (2/12) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • 25th annual ELFA National Funding Conference is expected to draw record attendance
    Funding is the lifeblood of the equipment-leasing and -finance industry. What better opportunity to get the funding you need than by attending the 25th annual ELFA National Funding Conference, scheduled April 9 to 11 at the Fairmont Chicago hotel? For a quarter century, equipment-leasing and -finance companies have relied on this annual event to reconnect with funding sources and make contact with new ones who want their business. For many who attend, this is the most productive three days of the year.

    Registration is open for attendees. Register online, or download the brochure. Attendees are encouraged to make a hotel reservation early. LinkedInFacebookTwitterEmail this Story
  • Job seekers and employers: What's new in the ELFA Career Center
    Whether you're looking for a job or looking to fill a position at your company, the ELFA Career Center is your go-to online employment resource. Jobs posted include:
    • Leasing Credit Officer II (Providence, R.I.; Chicago) at Bank of America
    • Director of Business Development -- Energy Savings Performance Contracting at Huntington
    • Director of Business Development -- Higher Education at Huntington
    • Sales and Program Manager at Brocade Communication Systems
    • Sales-Site Support Representative-Contractor at Ritchie Bros. Financial Services
    • Business Analyst at Oracle
    • Regional Sales Representation at IFS

    Browse these and more jobs or list your openings in the ELFA Career Center! LinkedInFacebookTwitterEmail this Story
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Several excuses are always less convincing than one."
--Aldous Huxley,
British author

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