factoring USA 18-06-2002 HPSC Inc. Discovers Employee Defalcation Involving Transactions with Factoring Customer HPSC Inc. announced today that it has discovered that an employee of the company’s asset-backed lending subsidiary, American Commercial Finance Corporation, perpetrated a defalcation by which approximately US$5 million was…… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here #AMEX#bank#commercial finance#financial services#receivables