July 5, 2023Recently, I had the privilege to attend the 29th Annual Factoring Conference in New Orleans. This annual conference is a unique event presented by the International Factoring Association (IFA), which caters to lenders and financial institutions that offer financing through factoring and accounts receivable financing. Coincidentally, as was the case at the 2022 Annual Factoring conference, the factoring industry continues to be one of progress and potential, as 64% of lenders within the space experienced growth in the past year. As many factoring lenders know, this rule requires significant obligations to collect and report data about credit applications. In addition, many states have enacted Consumer Finance Disclosure Laws, which require onerous disclosures for lenders, including factors.

Source: Forbes July 05, 2023 13:43 UTC