Asset Based Lending Blog/News

Key Trade Bills & Programs Enacted

June 30, 2015 | Government

Esther Shmunis, Express Trade Capital Trade Preferences Extension Act Signed Yesterday, the President signed the Trade Preferences Extension Act of 2015 into law. The Act grants the President the broad power to submit trade deals to Congress for an up-or-down vote, free from Congressional amendments. Proponents of the Act maintain that it will provide assistance […]

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June 12, 2015 | Government

Esther Shmunis, Express Trade Capital In response to the recent West Coast port work stoppages that have strained the U.S. economy, enraged the nations’ embattled retailers and impacted millions of American jobs, the federal government has begun deliberations on whether to amend the Taft-Hartley Act to provide local state authorities the power to adjudicate port […]

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Drayage drivers picket LA, Long Beach marine terminals

April 27, 2015 | Cargo

Source: Jon Slangerup, executive director of the Port of Long Beach, said the drivers’ pickets are informational in nature and are not affecting cargo-handling. “Let’s be clear, this is not a strike. We do not expect there will be any adverse impact to port terminals,” he said. Longshoremen are moving cargo, and trucks continue […]

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The Future of Lending

April 23, 2015 | Lending

In 2014, the former chairman of the Federal Reserve, Ben Bernake – the man who was once responsible for setting the United States’ interest rate policy – was summarily rejected by his bank when he tried to refinance his mortgage. The reason: he just changed jobs, which, according to an anachronistic credit metrics, indicated an […]

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Government Updates

April 21, 2015 | Government

Speculation and Talks in the Trade Market Remain High in Regards to TPA, GSP, and AGOA With little movement on trade from Congress, several lobbyists are commenting on the likelihood of The Senate Finance Committee marking up a Generalized System of Preferences (GSP) renewal bill and Customs Reauthorization right alongside Trade Promotion Authority (TPA) sometime […]

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