The Commercial Finance Association made a big splash at the end of 2018 when it announced its intention to rebrand as the Secured Finance Network. But, as CEO Rich Gumbrecht and President Dave Grende explain, the rebranding is just the latest in a series of moves to reflect where the organization actually is, as opposed to where it had been.
The Commercial Finance Association Education Foundation released the findings of a comprehensive study of the scope and impact of the secured commercial finance market in the U.S.
The Commercial Finance Association’s former executive director, Leonard Machlis, has passed away. He is survived by his wife, Harriet, sons, Steven, Brian and Roger, and his daughters-in-law and grandchildren.
The Commercial Finance Association awarded Michael D. Sharkey, president of MB Business Capital, its prestigious Life Time Achievement Award.
According to the CFA Secured Lending Confidence Index, respondents indicated the most optimism for new business demand, followed by business conditions overall, both positive indicators for the U.S. economy.
On September 20, 2018, the Commercial Finance Association 40 Under 40 Awards honored the achievements of rising stars in the commercial finance industry.
The CFA’s latest quarterly Asset-Based Lending Index, indicates that new U.S. ABL loan commitments have risen by 14% compared to the same period last year. The CFA said the data reflects increased optimism and is a significant indicator of growth.
The Huffington Post reported that former CFA head Robert Trojan filed a lawsuit against the CFA and Wells Fargo, charging he was fired after reporting a conflict of interest between Wells and the bank’s auditors, Freed Maxick, to CFA president, Andrea Petro.