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###FLASH######FLASH#####FLASH######
Regular Edition Follows:
As reported on Friday that the issue of NorVergence leases brought up by the Federal
Trade Commission was in the process of being settled between FTC and Attorney Generals
who have brought suit, here is a press release from IFC announcing a "settlement." The details are not known at this time.
##########Press ##########################################
IFC Credit Corporation Reaches Settlement with FTC and Attorneys General MORTON GROVE, IL - - IFC Credit Corporation today announced that the investigations and lawsuits filed by the FTC and various state Attorneys General regarding Norvergence were settled and dismissed. There was no finding of any fault, wrongdoing or violation of any law by IFC Credit Corporation. The settlement was entered into by IFC solely to avoid the cost, inconvenience and burden of litigation. "We are extremely pleased to have reached this settlement," said Rudy Trebels, President and CEO of IFC Credit Corporation. "We are happy to have this matter behind us and are excited to move forward with our business." About IFC Credit Corporation IFC Credit Corporation, named one of top 100 largest leasing companies and also one of the top 25 largest independent private lessors in the U.S. by The Monitor in 2008, is an industry leading equipment leasing and finance company providing innovative solutions to businesses nationwide. IFC is a primary source of equipment leasing services to multiple markets that include technology, healthcare, and manufacturing. Headquartered in Morton Grove, Illinois , the company was founded in 1988 and serves a broad market from small businesses to Fortune 500 companies . For more information visit ifccreditcorp.com .
##### Press Release #########################################
Complete NorVergence Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/Novergence_main.htm
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Cartoons
Computer Tips
Fernando's Review
Leasing 102
Online Newspapers
Placards
Sales Make it Happen
To Tell the Truth
Top Stories chosen by editor Kit Menkin
(chronological order)
- U.S Average Cardholder has 9.5 credit
- Better Days Ahead
-Advertising works at Leasing News
- We are making loans to everybody who qualifies
- KeyCorp Reports Third Quarter $36 MM Loss
- Leasing Vendors Finance Tightens
- Highline secures $20 MM in Bank Lines
- Housing recovery late 2010 or 2011
- Kit Menkin heard on the Grapevine
“My Reaction to the Credit Crisis”
- by Gerry Egan, www.learnleasing.com
- The average American credit score is 692
- Balboa Capital says it has secured $100 MM
- Textron Cutting Back Its Finance Arm
- Peek calls CIT an “underdog
- ELFA President Ken Bentsen on Fox News
- Irwin Financial Up-Date
Sales Makes It Happen by Linda P. Kester
- “Lease Platform Review”
- Weiss says Ship Building not in trouble?
- Sovereign reports $981 million loss
- Leasing Business is strong for many---
Shawn Halladay ELFA Conference Report
- Numbers Down, but not Spirits
Leasing 102 by Mr. Terry Winders, CLP
- Method of Payment
- Top Stories---October 6-October 10
- Bank Beat by Christopher Menkin
Business Direct Capital, Carlsbad, California
- Bulletin Board Complaint
- Paul Menzel President of Financial Pacific
NetSol Technologies Solutions Conference 2008
- by Christopher Menkin
AIG Hotel Celebration is True
- by Kit Menkin, publisher
- Operation Fleece Up-Date
- Web Site Ratings Leasing Media
- Sandy Spring Bank and Leasing
- Goodbye Wachovia Leasing
- Lakeland Bank out of Nationwide Leasing
- M&T Credit (Bank) exits Leasing
- GE Capital in Limbo?
- Owens out at CIT—Is Peek Next?
- Bailout Bill Details for Leasing
- UAEL Conference by Bob Teichman, CLP
- WaMu Bank Failure---Sept. 19th
- ELFA Introduces “New Career Center”
- Leasing company stock Tuesday 4pm EDT
You May have Missed---
- Paul Simon---Yankee Stadium
- Black Friday—1873
- UAEL promotes Merger with EAEL
- How’s Leasing Business?---“Heard on the Street”
- CIT Success
- NorVergence Leases back in the News
Is Leasing Securitization Dead or Alive?
- by Paul Weiss
- Udvar-Hazy Richest person in Leasing Biz
Sales makes it Happen---by Steve Chriest
- Myth of the Sales Personality
- Kit Menkin Heard it on the Grapevine
- Lehman Bros.: Friend or Foe of Leasing?
- Why the Fed did not lower Prime Rate
- Letters? ---We get eMail!
- Bank Beat by Christopher Menkin
- Key is Number Two-but No.#1 to Mrs. Larkins
Balboa Capital, Irvine, California
- Bulletin Board Complaint
- Linda P. Kester big hit at NAELB Costa Mesa
20% increase in Executive Hiring index for August
“Have we found a bottom to the market?”
- ZRG Executive Hiring Index
- Merkel Out/Reese in/Wells Fargo Finance
- Operation Lease Fleece: What are they doing today?
- Lease originations month-to-month decline 15%
- Ex-Leaf employees now available
- Five Point Exits “Trigger Data”
- Sheldon Player is back!!! Now its bottled water
- Exchange Bank Prez’s resignation/Dumac Leasing
- Varilease $200 Million Loan Facility
- Best Leasing Web Site
- Leasing Salesmen and Saleswomen Today
- CIT and Silver State Helicopter
- Lease/Loan State License Requirements
- Veteran Ken Goodman leads new broker program
- 11 New Identity Theft Red Flags
- Operation Lease Fleece Up-Date
- FTC-IFC Trial Postponed until November
- Leasing companies named in New Destiny BK
- A-B-C-D Credits
- Identity Theft Red Flag Rules
Present Frauds by Bernie Boettigheimer, CLP
- What to Do about Them in the Future
- Northern Leasing says “It ain't so!”
- Two books by writers in leasing
- CitiCapital "absorbed" by the Borg
- Family Watch Dog---Predator alert
- Sales Points from -- ANONYMOUS!!
- Terry Waggoner's Son in Afghanistan
- Manifest to pay back Doc., UCC, insurance, plus
- Part II—“Inside Lease Fleece”
- Two Lease Officers defrauded Sterling $200MM
- FTC versus IFC Credit Corporation
- Ten most popular dog breeds in the US
- Verifying Federal Tax Returns
- Kamikaze Kat
- The Leasing Industry is Born --(Greyhound Leasing)
- Alert - Sheldon Player
- Evergreen Clauses
- Accounting/Tax Chart from TechLease
- "Committment to Lease" Agreements
- Tipping for Wine
- Settlement Costs Vs. Litigation Costs
- Stress Relief
- Lease Administrators UCC Warnings to Lessees
- California License Web Addresses
