Equipment industry repos, abandonments on the rise
Equipment repossessions and abandonments continue to grow in the equipment industry as default rates rise from pandemic-era lows. Repossessions have ...
Tag: risk management
UAW says 4,000 union workers at Mack Trucks will strike Monday
Around 4,000 United Auto Workers members at Mack Trucks will strike Monday after rejecting a tentative agreement in the latest ...
Small-ticket financing creating collections problems
Fake and missing addresses are creating hiccups in the collections process for equipment lenders as charge-offs increase and credit conditions ...
United Auto Workers call unprecedented strike at all three Detroit automakers
The United Auto Workers began a strike Friday against all three of the legacy Detroit carmakers, an unprecedented move that ...
Playing whack-a-mole in Alabama: Vendor fraud spreads
Fraudsters are swindling thousands of dollars from consumers by using the names of defunct, isolated or off-the-grid equipment vendors to ...
NY commercial finance requirements pared back
Commercial lenders will face less stringent disclosure requirements after New York’s Commercial Finance Disclosure Law takes effect Aug. 1 thanks ...
4 best practices for fraud prevention
As fraudulent activity continues to increase in the modern equipment finance landscape, best practices such as training, tech investment, dedicated ...
Lack of controls bolsters fraudsters
With scammers finding more complex and intricate methods to defraud financial institutions, developing effective controls is vital to risk management. ...
