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Improved Results for Leasing Industry at Midyear
In a welcome relief to many in the leasing industry, the results contained in the Equipment Leasing Association's Quarterly Performance Indicators Report (PIR) for the second quarter of 2004 show some very favorable numbers. Specifically, there has been a net gain in two of the most important indicators: Total Net Portfolio and Total New Business. In addition, on time payments are up from a year ago while delinquencies are down. Charge-offs are down while employment in the industry and credit approvals are up when compared with the figures from the second quarter of 2003. This is very good news indeed.
The industry's total net portfolio was slightly inconsistent over the past 12 months, but overall, net portfolios grew by a healthy 5.7% from June 30, 2003 to June 30, 2004. Total net portfolio for the second quarter 2003 was $40.1 billion, which then increased slightly to $40.3 billion in the third quarter of 2003, before jumping to the 12-month high of $42.9 billion at year's end. The present year showed a small first quarter decrease to $42.2 billion and a recovery for the second quarter to $42.4 billion. By comparison, the increase for the same time period in the 2003 survey was only 1.4%.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.