The International Factoring Association (IFA) announced the Consumer Financial Protection Bureau has announced that its proposed regulation implementing Section 1071 of the Dodd-Frank Act would not be imposed on the factoring industry.
David Rains, president and founder of Commercial Finance Consultants, passed away last week at the age of 64 due to complications from COVID-19.
Far West Capital merged and sold its platform to Houston-based Advantage Business Capital, a nationwide provider of working capital through its asset-based lending and accounts receivable factoring solutions.
The International Factoring Association added four new members to its eight-member board of advisors for two-year terms. Each member is an executive from a commercial finance company.