Women in Leasing Update

Lessors

(As first published in nvla LeaseWire) Our second annual in person Women in Leasing meeting was a fabulous, high-energy event in Austin, TX at the recent NVLA Annual Meeting. The group welcomed many newcomers, and everyone was very excited to be together, have an...

Women in Leasing Going Strong!!!

Leasing, Transportation Industry

(As first published in nvla LeaseWire) It has been a terrific year for NVLA’s Women in Leasing. After a high energy kickoff at the 2022 Annual Meeting in Tucson, we agreed to meet online and settled into a bi-monthly format. This past May we agreed to form a Women in...

CONNECTICUT COMMERCIAL FINANCE DISCLOSURE LAW ENACTED

Finance, Regulations

(As first published in Leasing News)  On June 7, 2023, the Connecticut State Legislature passed an Act Requiring Certain Financing Disclosures, Senate Bill No. 1032 (“Law”).  The Law (click to view) was signed by the governor and will go into effect on July 1, 2024....

New York Bill to Put Vehicle Brokers and Independent Leasing Companies Out of Business

Leasing, Regulations

As first published in Leasing News on 6.30.23:  For the fifth year in a row this February, a bill was introduced in the New York State Assembly with the intent of putting vehicle brokers and independent leasing companies out of business. Over the last 5 years, various...

Florida Commercial Financing Disclosure Law

Regulations

As first published in Leasing News on 5/23/2023:   On May 4, 2023, the Florida State Legislature enacted the Florida Commercial Financing Disclosure Law (“Law”). The Law will go into effect on July 1, 2023 if signed by the Governor of Florida. As stated in my prior...

New Small Business Data Collection Rule: It May Apply To You

Regulations

On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) issued the final rule to implement Section 1071 of the Dodd-Frank Act. This provision amends the Equal Credit Opportunity Act to bolster fair lending protections for minority owned small businesses...

Women In Leasing Roundtable: Feedback and Takeaways

Leasing

By Sloan Schickler, Esq. On October 13, 2022, we convened the first Women in Leasing Roundtable during the NVLA Annual Meeting in Tucson, Arizona. The event was a great hit. It was well attended, bringing together most of the women who were at the conference. The...

NEW YORK COMMERCIAL FINANCE DISCLOSURE LAW

Finance

New York enacted the Commercial Finance Disclosure Law (“CFDL”), Financial Services Law (“FSL”) §§ 801-812 on December 23, 2020, to require consumer style disclosures for commercial finance transactions. The disclosures cover, among other things, the finance charge...

UPDATE: Motor Vehicle Dealers License Requirement

Leasing, Regulations

Last spring, we reported on proposed legislation in New York that will require all motor vehicle lessors to obtain a dealer’s license in order to legally lease vehicles in the State of New York. While this legislation does not have the headline appeal of mask...

NY Commercial Finance Disclosure Law

Finance

On October 20, 2021, the New York Department of Financial Services (NYDFS) issued proposed rules under New York’s Commercial Financing Disclosure Law (CFDL). The CFDL will be effective January 1, 2022 and mandates consumer type disclosures for certain types of...