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News

Lender Operations

Eickhoff to lead U.S. Bank equipment finance division

byAidan Bush

June 27, 2024

Tina Eickhoff, a 24-year veteran of U.S. Bank, has been named head of equipment finance for the lender. Eickhoff will...

Toyota Motor Corp. Hiace vans bound for shipment parked near the Nagoya port in Nagoya, Japan, on Tuesday, June 18, 2024. Japans exports grew at the fastest clip since late 2022 as the weak yen boosted their value, a positive development for the nations manufacturing sector.

Dealer Operations

Durable goods new orders increased as shipments declined in May

byJohnnie Martinez II

June 27, 2024

New orders for durable goods rose in May for the third straight month as companies continued to navigate rising interest...

Agriculture

Robots, drones and driverless tractors usher in new age of farming

byBloomberg News

June 27, 2024

Tractors plow the farm fields without drivers, guided by satellites and iPhones. Solar-powered robots tend to plants on the ground...

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 extends Section 1071 compliance deadlines

byJohnnie Martinez II

June 26, 2024

The Consumer Financial Protection Bureau on June 25 extended the deadline for small businesses to adopt more stringent data collection...

Lender Operations

7 U.S. Bank employees among 18 to pass CLFP exam

byAidan Bush

June 26, 2024

Multiple equipment finance lenders have added staff as they strengthen their business operation teams. Additionally, 18 people passed the Certified...

Construction at the Toll Brothers Borello Ranch Estates housing community in Morgan Hill, California, US, on Tuesday, June 4, 2024. Toll Brothers Inc. is scheduled to release earnings figures on June 20.

Lender Operations

Equipment loan delinquencies rise MoM in May

byJohnnie Martinez II

June 26, 2024

Equipment asset-backed securities 60-plus-days delinquencies rose sequentially in May across all publicly rated deals, amid mixed overall credit performance as...

A Volta electric vehicle (EV) charger in Escondido, California, US, on Sunday, Jan. 29, 2023. Shell Plc agreed to buy US electric-vehicle charging firm Volta Inc. as the fossil-fuel giant works to keep pace with the transition to low-carbon mobility.

Transportation

One in five public EV chargers in the US don’t work, study finds

byBloomberg News

June 26, 2024

Broken and malfunctioning chargers, erratic charging pricing and drivers of regular cars who park in spots reserved for electric vehicles...

Customers view used Ford vehicles at a dealership in Colma, California, US, on Friday, June 21, 2024. CDK Global, a software provider to some 15,000 car dealers, was waylaid by debilitating cyberattacks this week that have had a crippling effect on the auto sales industry.

Dealer Operations

CDK tells customers dealer system likely down until June 30

byBloomberg News

June 25, 2024

Car dealerships crippled by a cyberattack on software provider CDK Global probably won’t have their systems restored until the end...

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News

Eickhoff to lead U.S. Bank equipment finance division

Durable goods new orders increased as shipments declined in May

Robots, drones and driverless tractors usher in new age of farming

CFPB extends Section 1071 compliance deadlines

7 U.S. Bank employees among 18 to pass CLFP exam

Equipment loan delinquencies rise MoM in May

One in five public EV chargers in the US don’t work, study finds

CDK tells customers dealer system likely down until June 30

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