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News

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, Feb. 11, 2025. Powell said the central bank doesnt need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.

Lender Operations

Powell tells Congress Fed still in no rush to lower rates

byBloomberg News

February 11, 2025

Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that...

A seal at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Saturday, April 16, 2022. The Credit-reporting company TransUnion is an "out-of-control" repeat offender engaging in deceptive marketing practices the CFPB alleged this week after filing a lawsuit.

Lender Operations

Section 1071 ‘likely dead’ as CFPB’s work is halted

byQuinn Donoghue

February 10, 2025

Section 1071, a new regulatory challenge that equipment lenders have been gearing up for, may have just vanished into thin...

Agricultural equipment values to see downturn as inventories rise

Agriculture

Subsidies could soar under Trump, but frozen funds worry farmers

byQuinn Donoghue

February 10, 2025

Expected farm subsidies under President Donald Trump contributed to improved farmer sentiment last month, but a recent freeze of federal...

A First Citizens Bank branch in Alpharetta, Georgia, US, on Thursday, March 23, 2023. First Citizens BancShares Inc., one of the biggest buyers of failed US lenders, is still hoping to strike a deal for all of Silicon Valley Bank, according to people familiar with the matter.

Lender Operations

First Citizens, Sixth Street launch equipment finance venture

byJohnnie Martinez II

February 10, 2025

First Citizens Bank and Sixth Street are launching Sixty-First Commercial Finance, an equipment finance joint venture targeting middle- to large-ticket...

Dakota Financial, A digital display representing an AI-powered neural quantum processor in the Samsung Electronics Co. hall at the IFA Consumer Electronics and Home Appliances trade fair in Berlin, Germany, on Thursday, Aug. 31, 2022. Inflation slowed less than expected in Germany, offering European Central Bank officials a partial picture of the regions price pressures as they judge whether to raise interest rates again.

Lender Operations

Dakota Financial launches AI-based service for equipment finance

byEquipment Finance News, AI Assisted

February 10, 2025

Equipment financier Dakota Financial has introduced Ask Frank, an AI-powered tool designed to enhance customer service in the equipment finance...

A worker welds a stainless steel part at a steel manufacturing facility in Mexico City, Mexico, on Thursday, Feb. 6, 2025. Uncertainty is taking hold among North American businesses that rely on imports, forcing companies to reassess supply chains and operations.

Transportation

Trump plans to impose 25% tariffs on steel, aluminum imports

byBloomberg News

February 10, 2025

President Donald Trump plans to impose 25% tariffs on all US imports of steel and aluminum, broadening his trade restrictions...

The lobby of the US Consumer Financial Protection Bureau headquarters as a worker removes belongings from the building in Washington on Feb. 9.

Lender Operations

DOGE-backed halt at CFPB comes amid Musk’s plans for ‘X’ digital wallet

byBloomberg News

February 10, 2025

In another weekend takeover of a federal agency's operations, staffers from an efficiency initiative led by billionaire Elon Musk helped...

Baykivtsi, ternopil region, ukraine - april 20, 2021: a tractor 90s john deere 2850 with a homemade plow prepares the field for sowing

Dealer Operations

Dealer ag equipment sales plunge, prompting OEM support

byQuinn Donoghue

February 7, 2025

Dealer sales of new agriculture equipment plunged in 2024 as high interest rates exacerbated challenges facing farmers, prompting OEMs to...

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News

Powell tells Congress Fed still in no rush to lower rates

Section 1071 ‘likely dead’ as CFPB’s work is halted

Subsidies could soar under Trump, but frozen funds worry farmers

First Citizens, Sixth Street launch equipment finance venture

Dakota Financial launches AI-based service for equipment finance

Trump plans to impose 25% tariffs on steel, aluminum imports

DOGE-backed halt at CFPB comes amid Musk’s plans for ‘X’ digital wallet

Dealer ag equipment sales plunge, prompting OEM support

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Dealer Operations

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