International Factoring Association

Join us on November 6, 2024, from 11 AM to 12 PM PST for a crucial IFA webinar featuring Christopher Friedman, Esq. and Mike G. Silver, Esq., partners at Husch Blackwell. They will discuss the CFPB's new rule under Section 1033 of the Dodd-Frank Act, which introduces "open banking" to the United States. This groundbreaking rule allows consumers and authorized third parties to access and share key financial services data, fostering competition and innovation in the financial services market. For factors and alternative commercial finance companies, this data can significantly improve underwriting decisions, fraud monitoring, and open account management. Don’t miss this opportunity to gain valuable insights into how these changes will shape the future of open banking. This webinar is FREE for IFA Members and Ally Members ($100 for non-members). Register here: https://lnkd.in/efPN2z_U #CFPB #IFAMembers #Webinar #FactoringIndustry #factoring #InternationalFactoringAssociation

Honored to have been able to attend the first NEXGEN Summit this month! The ability to meet others in the industry and learn from bright minds, while doing something that I love to do - traveling all over the country - is something I will never take for granted. Thank you Flexent and International Factoring Association for this opportunity! Plus a huge shoutout to the NEXGEN Committee for putting on an unforgettable event.

In today's e-mag, Ben Heuer, Chair of Buchalter’s FinTech and Alternative Lenders Practice Groups, examines two recent developments in California law that are crucial for factors. The amendment to the "junk fee" law allows for expanded charging of collateral monitoring fees, effective January 1, 2025, providing factors with greater flexibility in their pricing structures. Additionally, new annual reporting requirements will require non-licensed commercial financing providers to disclose transaction data, increasing regulatory scrutiny. These changes signify a shift towards transparency and adaptability in the commercial financing landscape. Dive in here: https://lnkd.in/eKE9vZqs #factoring #InternationalFactoringAssociation #JunkFee #CommercialFinance

Excited to share my experience at International Factoring Association's 2024 NEXGEN Leadership Summit in Austin, TX! Last month, I joined a group of like-minded professionals, and the energy was contagious. We dove deep into tackling tough leadership choices and explored future trends in our industry. And yes, we also hit the stage at Bull and Bowl for some classic karaoke (and we had too much fun to take a steady photo 😅) Empowering businesses remains my passion, and this summit was a fantastic reminder of the power of leadership and community. Here’s to embracing change and leading with purpose! #factoring #InternationalFactoringAssociation #IFANEXGEN #LeadershipSummit

Explore the intricacies of intercreditor agreements between factors and inventory lenders in our latest e-mag article by Jim Cretella, Esq. of Otterbourg P.C. His article dives into the unique challenges posed by overlapping collateral and conflicting interests, highlighting critical negotiation points such as the buyout concept and collateral priorities. Cretella emphasizes the importance of a well-structured agreement to minimize future conflicts and foster collaboration. Read the full article and learn how effective negotiation can lead to successful partnerships in this intricate financial landscape. https://lnkd.in/enzt6aSe #factoring #InternationalFactoringAssociation #IntercreditorAgreements

Have you checked out the blog page on our website? It's an excellent resource for understanding the foundations of factoring and educating the public on the benefits of factoring. If you’re interested in sharing your expertise, we invite you to contribute a blog post! Reach out to us at info@factoring.org to get involved and help new factoring pros through shared knowledge. https://lnkd.in/ee7id_tp

Thank you International Factoring Association for the invitation to contribute. Five takeaway's from the conversation about the state of the industry.... 1) Sure, factoring companies will compete with each other from time to time. However, the biggest bottleneck to finding clients to support is knowledge and awareness of factoring as an option. 2) Operational excellence is a continual project and process. Amity Mercado provided a valuable handful of lessons learned and examples for her organization. What stood out to me was using an online form template to efficiently document (aka paper trail) exceptions to policy as the decision is being made. Brilliant idea to assist with post-mortems, coaching and senior lender audits. 3) 24 months into a freight recession, the transportation industry is understandably hurting. Transportation is especially cyclical and because factoring is so essential to carriers, consolidation and price competition is uniquely intense. There are still opportunities for nibble, price competitive smaller factors to 'win' by selling service - but it's tough out there. 4) Jacob Ladner did an excellent job providing examples of how factoring companies can help each other - both via participations but also sharing best practices. As we're in the risk management business - and especially with concentration, it's a HIGH risk management business, the phone-a-friend option is especially important. 5) The future is bright! This was the first annual NexGen conference (great job Johnny Bond, Chad Eberly Carson Harmonson, Trishaala Ninan, Tania Daniel planning and executing). My sense is the NexGen conference is a fantastic and cost effective way for early career stage factoring professionals to feel valued by their organization, network/build industry friendship and sharpen skillsets. Onward and Upward !!

The 10th Alternative & Receivables Finance Forum tracks the transformation of receivables and invoice finance; showcasing the most successful new entrants to the market, examining the future of technology-enabled funding models, and driving the conversation on alternative finance for SMEs. Join our partner BCR Publishing for this essential industry event on 27-28 November at the London offices of Clifford Chance. For the programme and registration click here: https://lnkd.in/g4dt6NfP #ARF24 #alternativefinance #fintech #invoicefinance #bnpl #assetbasedlending #blockchain #smelending #smefinance #microfinance #bnpl

The International Factoring Association NEXGEN Leadership Summit was a hit! Attendees heard inspiring stories from industry vets, explored the current state of the market, and dove into what this all means for the future of our growing industry.  This community is just getting started. We’re excited to keep building together in the months and years ahead. A big thank you to the IFA NEXGEN Committee and all attendees for making this inaugural summit one to remember. Special shoutout to the karaoke crew – it's safe to say Austin didn’t disappoint! Trishaala Ninan Loren Shifrin, ICD.D #IFANEXGEN #FactoringAssociation #LeadershipSummit #FutureLeaders #GrowWithREV #FactoringCommunity #FactoringIndustry #OneREV

In today's e-mag, Vincent Rees, CEO & Partner of Capital Business Funding, reflects on the community spirit within the factoring industry following Hurricane Helene's devastation. Rees highlights the unwavering support from fellow IFA members who stepped up to support one another during this crisis, emphasizing the importance of strong relationships in our field. This article is a strong reminder that we are more than just financial partners; we are a resilient community. Read more: https://lnkd.in/eBp9m7af #InternationalFactoringAssociation #factoring