WASHINGTON, D.C. – As state-level regulatory pressures mount, the Equipment Leasing and Finance Association today announced a new webinar designed to help industry leaders prepare for state-level regulations that are expected to impact equipment finance firms in the near future. The webinar, “ELFA State Advocacy New Year’s Resolutions: Prepare for Commercial Financing Disclosure Laws in New York and California” will take place on Wed, Dec. 15, 1-2pm ET.
“ELFA’s State Government Relations team has been working overtime monitoring bills that mandate disclosure and licensing of commercial financial services,” said ELFA President and CEO Ralph Petta. “Through our state advocacy efforts, the association has achieved critical wins in disclosure bills making their way through state legislatures around the nation. This work will continue in the year ahead, and we encourage all members to participate in this webinar to learn critical information and steps to prepare for new measures that could impact their businesses.”
The Dec. 15 webinar will provide attendees with the latest information and practical tips concerning commercial financing disclosure laws that are slated to take effect in 2022 in New York and California. It will also touch on the dizzying array of regulations coming out of the states that could impact key areas, from usury laws to licensing requirements to the definition of a “true lease.” Overlaps and contradictions between and among state regulations could require redundant investments in technology, software and training. And, there is a real worry how quickly some of these new or proposed state-level regulations could move from proposal to fully enacted policy.
Speakers will include:
- Scott Riehl, Vice President, State Government Relations, Equipment Leasing and Finance Association
- Bonnie Michael, Shareholder, Baker, Donelson, Bearman, Caldwell & Berkowitz PC
- Moorari Shah, Partner, Sheppard Mullin Richter & Hampton LLC
- Jeff Taft, Partner, Mayer Brown LLP
The event is part of the ELFA Wednesday Webinar series, designed to provide critical information to equipment finance professionals on essential hot topics. The webinar will feature an experienced panel and attendees will be invited to ask questions during an interactive Q&A session. To register, please visit https://bit.ly/ELFADisclosureWebinar.
About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. ELFA has been equipping business for success for more than 60 years. For more information, please visit www.elfaonline.org.
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