5 days ago · Federal Court Grants Stay on Section 1071 Compliance. By Rita Garwood. FEB 7, 2025 - 12:37 pm. A federal appeals court has halted compliance deadlines for Section 1071, a controversial CFPB rule requiring financial institutions to disclose loan-pricing data, including the gender, race and LGBT status of business owners.

The 2024 Monitor 100 issue features our annual ranking of the top equipment finance companies in the U.S. Nearly 60% of U.S. bank affiliates reduced their new business volume in 2023 marking the end of an equipment finance era.

Feb 3, 2025 · UMB Financial will close the acquisition of Heartland Financial USA. As a result, UMB’s asset size will increase to approximately $68 billion (based on assets as of Dec. 31, 2024), expanding its geographic footprint from eight to 13 states.

Feb 4, 2025 · In a dramatic turn of events, President Trump has agreed to postpone the implementation of 25% tariffs on Canadian and Mexican imports for 30 days after securing commitments from both countries to enhance border security and combat drug trafficking. The move, announced just hours before tariffs were ...

Dec 16, 2024 · In November, Suite by Monitor published 15 articles, covering the implications of a Trump Administration, Section 1071 of the Dodd-Frank Act, details about innovation and automation cycles in equipment finance, rising 10-year Treasury yields, QBRs and various outlooks for 2025.

Feb 4, 2025 · American Trucking Associations’ president and CEO Chris Spear released a statement in response to new tariffs imposed on the United States’ largest trading partners. “As the trucking industry recovers from a years-long freight recession marked by low freight volumes, depressed rates and rising operational costs, we have concern that tariffs could decrease freight volumes and increase ...

Jan 16, 2025 · The Equipment Leasing & Finance Foundation released the January 2025 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market increased for the third consecutive month to 69.6, up from the December index of 68.8, and the highest level since July 2021.

Jan 14, 2025 · Finding the right opportunities to grow your business just got easier. Suite by Monitor launched its new searchable database feature on the Expanding Companies page.This powerful tool is designed to help you quickly and efficiently discover businesses that are actively expanding, providing insights into their growth strategies and capital needs.

4 days ago · President Trump has renewed his efforts to eliminate the carried interest tax break, a longtime target of his, as part of a broader push for a Republican-backed tax overhaul before the end of the year, according to Bloomberg.. Speaking to Republican lawmakers on Thursday, Trump vowed to put an end to the exemption, which allows private equity fund managers and venture capitalists to pay lower ...

Jan 10, 2025 · Sandhills Global released its December 2024 Trucks & Trailers Market Report, revealing continued downward trends in inventory and values across several categories of trucks and trailers in the U.S. marketplaces.The report, based on extensive data from Sandhills’ online platforms, offers critical insights into the dynamics of the trucking and trailer industries.