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Head of PayDay Today Arrested on Suspicion of Fraud

David L’Hoir, who ran the organisation PayDay Today was arrested by the FBI in Fort Lauderdale, Florida on suspicion of mail fraud, wire fraud and money laundering. There is also probable cause to believe he is operating a Ponzi scheme....

#interest#WHO

Berkshire Hathaway and Leucadia National to Bail Out Finova

The US Bankruptcy Court in Delaware approved a plan by Berkshire Hathaway Inc and Leucadia National Corp to bail out…


Factoring in North America Slows Down with the Economy

It seems that the stalling of the US economy has impacted the activity of factors in the USA and Canada…

#BCR Publishing#CIT#liquidity


John F Daly of CIT Commercial Services presents the...

Market Performance and Supply Factors generally serve companies that range in size from a turnover of US$1 million to US$500…

#bank#international#management


Electronic Interchange Between Manufacturers and Retailers

By Joseph J. Richardson Senior Vice President Operations and Administration CIT Commercial Services It’s no secret: The process of replacing…


Marketing a Factor- Successful Techniques Used By An Industry...

By Tobi Wilkins Quantum Corporate Funding, Ltd. Factors, unlike other financial services professionals, find themselves filling an important niche in…

#financial services#funding#trade


Upcoming Revision of Article 9

by Bennett L. Cohen, General Counsel Cohen, Salk & Huvard, P.C. The Transition Rules In the IFA’s 28 September 2000…


IFA Announce the Introduction of a Code of Ethics...

The IFA’s Board of Directors for 2000 came up with a Code of Ethics for the Association and has been…

#commercial finance#international#international factoring


ING Acquires Controlling Interest in Seguros Comercial America

The diversified group of companies called Savia has announced that it has reached a final agreement with ING Group, under…


Ruling Aids Factoring Firms in Agricultural Industry

Financial firms that factor agricultural accounts receivable won a big victory last week that should help sustain the crucial liquidity…

#financial institution#liquidity#receivables


Asta Reports 62% Increase in Net Income

Asta Funding, the financial services company which specialises in factoring and the purchase, liquidation and management of performing and non-performing…

#financial services#funding#management


Bancorp’s Factoring Income Drives Record Q1 Figures

Sterling Bancorp today announced record figures for the three months ended 31 March 2001. Net income for their factoring operation…

#interest

KBK Capital Corporation to Report Loss in First Quarter...

The Fort Worth-based provider of financial services, including factoring, KBK Capital Corporation, announced on 6 April that they expect to…

#bankruptcy#banks#financial services

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