| Daily news for the equipment finance sector |  |
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- Lending increases under Small Business Lending Fund
Banks participating in the Small Business Lending Fund have increased small-business lending by $6.7 billion since the fund was launched a year ago, according to the Treasury Department. Critics say some banks are using program funds to repay Troubled Asset Relief Program debt and that not enough small businesses have credit profiles that allow access to lending. Fox Business Small Business Center
(10/15)     
| Market Trends | | |
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- Economists see a subdued 2013 for U.S.
With the so-called fiscal cliff in mind, economists tempered their U.S. growth forecast for 2013, projecting 2.4%, while pegging this year's growth at 1.9%. Although the economists discount the worst scenarios for the cliff, they do see a continued tendency among consumers to rein in spending. Bloomberg
(10/15)
- Lehman Brothers says affiliates owe $45.2B
In a regulatory filing, Lehman Brothers Holdings said it is owed $45.2 billion by various affiliates, with the largest sum claimed from the Lehman Brothers Inc. brokerage, at $15.2 billion. As of midyear, Lehman had $8.3 billion in cash and $13.6 billion set aside for disputed claims and debt. Bloomberg
(10/15)
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- N.Y. Fed considers delayed withdrawal for portion of money funds
A small fraction of investor balances in money market mutual funds could be held back for delayed withdrawal in a regulatory compromise being considered by the Federal Reserve Bank of New York. The so-called minimum balance at risk would address concerns raised by the 2008 financial crisis, when many funds were overstressed and needed government assistance. Reuters
(10/15)
- "Regulatory crush" worries investment firms, survey finds
Regulatory changes worldwide are a source of rising anxiety among 24 investment firms surveyed by buy-side advisory Investit. Topping the list is the European Alternative Investment Fund Managers Directive, cited by 53% of respondents, followed closely by the Dodd-Frank Act, named by 51%. "We are facing a period of regulatory crush; the regulators are struggling to turn the politicians' promises into formal regulation, but in a number of cases, the dates for compliance are not moving," Investit consultant Sarah-Jane Dennis said. The Trade News (U.K.)
(10/15)
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| ELFA News | | |
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Attention, annual convention attendees: Upload your photo to the attendee list
New this year! Photos have been added to the full list of attendees for the ELFA 51st Annual Convention. You can add a photo to your ELFA profile easily. Log in to the ELFA website with your username and password, then click on "Account Tools." Upload a photo by clicking on "Add/Edit Photo."
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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.
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