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February 12, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Fla. DOT proposes $8.5B budget for 2013
    Florida Transportation Secretary Ananth Prasad has unveiled a final 2013 budget proposal of $8.5 billion, the state's biggest nonstimulus plan ever. "We need to continue to make the case that infrastructure and investment in transportation is more than road builders and engineers ... it is what drives the economy," Prasad said. Sunshine State News (Fla.) (2/11) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • U.S. backs Japan's efforts to fight deflation and boost growth
    The U.S. supports Japanese Prime Minister Shinzo Abe's aggressive economic policies aimed at accelerating growth and defeating deflation, said U.S. Treasury Undersecretary for International Affairs Lael Brainard. However, Brainard said the policies should be reinforced by other actions. "It is important for structural reforms to accompany macroeconomic policies," he said. The Mainichi (Japan)/Kyodo News (2/12), RTT News (2/11) LinkedInFacebookTwitterEmail this Story
  • Debt-reduction effort is almost finished, White House says
    The Obama administration is signaling to Congress that it doesn't plan to launch another initiative to cut the national debt. The White House is telling policymakers that if a deal can be reached to head off across-the-board cuts, President Barack Obama will have achieved his goal of curbing the acceleration of government borrowing. The Washington Post (2/11) LinkedInFacebookTwitterEmail this Story
  • Despite market buoyancy, companies lower expectations
    Despite a better-than-expected fourth quarter for U.S. corporate earnings and a soaring stock market, the outlook is less rosy, beginning with this quarter, companies say. Surveys of corporate leaders reveal caution about the domestic consumer market and the still-problematic eurozone, as well as restrained plans for investment. The Wall Street Journal (2/10) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • CFPB warns mortgage servicers to protect homeowners
    The Consumer Financial Protection Bureau is putting mortgage servicers on notice that even though they may be processing a large number of loan transfers, they must keep track of homeowners' paperwork and mitigation plans. The agency says servicers must ensure that consumers are allowed to avoid unnecessary foreclosures, adding that it will be monitoring servicers for rule compliance. Housing Wire (2/11) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • CIT Aerospace reports a solid 2012
    CIT Aerospace delivered 56 aircraft last year worldwide, including new and used planes as well as lease extensions. The CIT Group unit also signed 116 lease agreements, including the sale–and–leaseback of six aircraft, and added 13 clients. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Are you a bank, independent or captive executive? Join the conversation at the April 9 Best Practices Roundtables
    ELFA will hold three invitation-only Best Practices Roundtables -- bank, independent and captive -- designed to gather senior leasing and finance executives for information sharing and critical thinking about issues they are facing as leaders of their organization.

    Each round table is scheduled from noon to 4:30 p.m. April 9, the first day of the National Funding Conference.

    Attendance is by invitation and is open to ELFA member companies only. Keep an eye out for your e-mail invitation! For questions, contact Alexa Carnibella at or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
  • ELFA Executive Roundtable is nearly sold out
    Time is running out for senior leaders of ELFA regular-member companies who are still thinking about attending the 2013 Executive Roundtable, scheduled March 10 to 12 at The Westin Stonebriar near Dallas. We encourage you to register soon because space is getting limited. The round table is designed to be small and highly interactive, allowing industry leaders to discuss issues of the day, strategize about the future and create lasting business relationships.

    Remember, you must make a hotel reservation before Feb. 16 to receive the special group rate. We strongly encourage you to make a hotel reservation online. You may also call (972) 668-8000 or 1-888-627-8441, provide arrival and departure dates, and mention "ELFA Executive Roundtable."

    Visit ELFA's website to see the agenda, review the list of attendees and register for this conference. LinkedInFacebookTwitterEmail this Story
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--John Steinbeck,
American author

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