Optimize compliance using automation.
Maintain compliance over time utilizing tools to help reduce manual oversight and create efficiency in equipment financing.
Compliance with regulatory requirements for equipment leasing has historically been a challenge for both financial institutions and equipment lessors. It is time-consuming and often requires a manual review of a confusing hodgepodge of regulations. Passage of the federal Dodd-Frank Act in 2010, and the creation of the Consumer Financial Protection Bureau (CFPB), helped consolidate some of the laws pertaining to equipment financing transactions in the U.S. But many tax, accounting, and legal issues go beyond the Dodd-Frank reporting requirements.