New federal statute eases burden on LIBOR transition
NEW YORK — A new federal statute tied to the Consolidated Appropriations Act should ease the burden on bank-regulated lenders as the industry prepares for the forthcoming transition away from the London Interbank Offered Rate (LIBOR). The Adjustable Interest Rate LIBOR
Financiers should watch for ‘stagflation,’ economist says
NEW YORK — Financiers need to keep an eye on “stagflation” as the cost of goods and services continues to increase as a result of coronavirus-induced supply chain constraints, the compounding effects of the war in Ukraine and rising energy
Former Yamaha Finance exec jumps to commercial vehicle finance
Yamaha Financial Services’ former Chief Risk and Chief Strategy Officer Vijay Patil departed the lender in July, 2021 to helm a new venture that brings the indirect lending model to commercial vehicle finance. Patil is the co-founder and chief operating officer