Industry news
Managing Chaos in Your Portfolio
Anyone who has been in the equipment finance and leasing space for a while probably has heard of a juicy repossession story. Why are those stories juicy? Because they get dicey and complex. There’s usually a weird lessee, a mangled/buried/torched (or otherwise) piece...
Unlock the Value of Used Equipment: How Effective Remarketing Can Maximize Your Return!
In the dynamic world of equipment financing, leasing, and lending, institutions are continually managing the lifecycle of assets that serve diverse industries. When assets reach the end of their lease or loan terms or are repossessed, equipment finance companies may find themselves with a surplus of used equipment. Remarketing equipment such as semi-trucks, tractors, and or medical equipment presents a significant opportunity to optimize returns and is a crucial aspect of managing assets efficiently.
Navigating First-Party Commercial Collections
In the complex world of alternative financing and leasing, achieving excellence in commercial collections presents a significant challenge. This exploration delves into the essence of first-party collection services, the frustrations associated with internal teams,...
Material Breach of Contract: Performance Relieved
July 5, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC In the event that one party to a contract materially breaches that contract, the non-breaching party is usually relieved of their obligations under that contract. Simply stated, the...
Bigger is Not Necessarily Better
April 27, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC Debt collectors are in the news again. According to the Consumer Financial Protection Bureau (CFPB), they recently settled claims with one of the largest debt collectors in the nation....
Repo Horror Stories
March 31st, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC When a commercial borrower seeks equipment financing, the lender will require that the borrower pledge collateral to secure the lender’s right to receive payment. Security interests and...
Junk Lawsuits Lead to Garbage Results
January 25, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC The Consumer Financial Protection Bureau (CFPB) recently announced a settlement with a law firm accused of filing junk lawsuits. The NY-based law firm allegedly filed lawsuits with...
CFPB & NY Disclosure Law
December 21, 2022 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC The Consumer Financial Protection Bureau (CFPB) has published a notice of intent to make a preemption determination in the Federal Register, and is seeking comments from the public...
No “Testi-phony-als” Here.
November 29th, 2022 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC Long before the FTC and CFPB took an interest in company reviews, Dedicated has been auditing each review that is earned. The purpose of Dedicated’s audit is primarily to verify the...
Covid-19 & Force Majeure
October 13th, 2022 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC The coronavirus (COVID-19) has undoubtedly changed the ways in which we interact with others and create relationships. Businesses that find themselves strapped for cash are more...