Rapid Finance launches new AI loan processing tool
Rapid Finance has launched a new AI tool to improve loan application processing times The new tool, called SPADE (Smart...
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Lender Operations
Fed officials hold rates again, still see two cuts by year end
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over...
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eCapital expands Wells Fargo-agented facility to almost $1.4B
eCapital has renewed and increased its asset-based lending facility to $1.38 billion, up from $987 million. The facility is part...
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Lenders turn to leasing amid rising new truck prices
Equipment lenders are offering various leasing models while carefully setting residual values as rising new truck prices and operating costs...
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Compliance challenges dog equipment lenders, dealers
Equipment dealers and lenders are being dogged by compliance challenges even as the Consumer Financial Protection Bureau’s pullback on Section...
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ABS equipment loan delinquencies spike
Stress in the transportation sector drove 60-plus-day delinquencies for equipment asset-backed securities higher in May, but diversified portfolios led to...
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North Mill Equipment Finance forms JV with Oaktree
North Mill Equipment Finance has announced a strategic joint venture with Oaktree Capital Management to accelerate the growth of its...
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Strong credit fundamentals present opportunities
Corporate credit fundamentals remain strong, with stable leverage and cautious balance sheet use providing a solid foundation to absorb potential...
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