Avoiding fraud: Contact parties, check addresses
Equipment lenders must be wary of the increased frequency of fraud currently plaguing the industry. Equipment financiers continue to face problems related to fraud schemes, such as no actual equipment in the deal, no actual lessee or no actual deal,
Ryder expands lease, rental fleet with EVs
Commercial vehicle rental and leasing company Ryder System is adding thousands of light-duty, electric vans to its fleet. Ryder is adding 4,000 commercial electric vans manufactured by BrightDrop, a subsidiary of General Motors, by the end of 2025. The move will
Commercial fleet lessors face new disclosure requirements
Automotive commercial fleet lessors subject to new disclosure requirements under California’s law passed earlier this month face potentially unexpected costs and a new level of regulatory oversight. The state’s Department of Financial Protection and Innovation’s (DFPI) regulations for commercial financing disclosures
