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News

A tractor trailer approaches the Peace Bridge at the Canada-US border in Fort Erie, Ontario, Canada, on Monday, Feb. 3, 2025. US President Donald Trump's move to invoke an emergency and impose tariffs on Canada, Mexico and China is the most extensive act of protectionism taken by a US president in almost a century.

Dealer Operations

Looming tariffs present risks for the equipment sector

byJohnnie Martinez II

February 3, 2025

Even with a 30-day pause on the implementation of 25% tariffs on goods from Canada and Mexico, the equipment sector...

The US Consumer Financial Protection Bureau (CFPB) headquarters in Washington, DC, US, on Thursday, May 9, 2024. The Department of Transportation and the Consumer Financial Protection Bureau (CFBP) are holding a joint hearing with industry representatives, labor leaders, and consumer advocates about competition issues experienced with airline and credit card rewards programs.

Lender Operations

CFPB fires Rohit Chopra, ceases active litigation

byQuinn Donoghueand2 others

February 3, 2025

The Trump administration fired Consumer Financial Protection Bureau Director Rohit Chopra on Feb. 1, prompting questions regarding pending cases and the bureau’s direction. ...

Construction

Komatsu retail finance originations jump 8%

byQuinn Donoghue

February 3, 2025

Japanese equipment manufacturer Komatsu reported increased retail finance originations in the first nine months of its fiscal 2024 as construction,...

President Sheinbaum Presents Mexico's Trade Plan Following Trump Tariff Threat

Lender Operations

Mexico’s Sheinbaum says tariffs delayed for one month

byBloomberg News

February 3, 2025

President Claudia Sheinbaum said US tariffs on Mexico would be delayed for one month after a conversation with Donald Trump...

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Wednesday, Dec. 11, 2024. The Consumer Financial Protection Bureau is working on a rule that would allow domestic violence and elder abuse victims to expunge "coerced debt" from their credit reports.

Lender Operations

Trump fires Biden’s consumer protection watchdog Rohit Chopra

byBloomberg News

February 3, 2025

Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration,...

Equipment manufacturers JCB, JLG push parts commonality

Rentals

Equipment manufacturers push parts commonality

byJohnnie Martinez II

January 31, 2025

Equipment manufacturers are modernizing their products with more universal parts and faster services. The commonality of parts in newer equipment...

Construction

JCB produces its 1 millionth backhoe loader

byEquipment Finance News, AI Assisted

January 31, 2025

JCB marked a major milestone with the production of its one millionth backhoe loader, a testament to the machine's enduring...

Cat Financial originations rise 6% YoY amid high rates

Construction

Cat Financial revenue jumps 7% in 2024

byQuinn Donoghue

January 30, 2025

Cat Financial reported increased revenue and new business volume in 2024 while cleaning up its portfolio. The OEM captive’s jump...

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News

Looming tariffs present risks for the equipment sector

CFPB fires Rohit Chopra, ceases active litigation

Komatsu retail finance originations jump 8%

Mexico’s Sheinbaum says tariffs delayed for one month

Trump fires Biden’s consumer protection watchdog Rohit Chopra

Equipment manufacturers push parts commonality

JCB produces its 1 millionth backhoe loader

Cat Financial revenue jumps 7% in 2024

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Dealer Operations

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