The Impending Impact of Section 1071 and Creeping Consumerism on Equipment Finance
Journal of Equipment Lease FinancingMitchell M. Grod, Moorari K. Shah
Moorari Shah and Mitchell Grod authored "The Impending Impact of Section 1071 and Creeping Consumerism on Equipment Finance," which was published in the Winter 2016 issue of the Journal of Equipment Lease Financing.
Section 1071 of the Dodd-Frank Act goes beyond consumer lending to regulate business credit. It broadly applies to any entity engaged in financial activity, which may include commercial lessors once the Consumer Financial Protection Bureau publishes proposed regulations scheduled for late 2016. Will you be ready?