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CFA’s Trojan Weighs In on Dodd-Frank

August 20, 2013, 07:52 AM

The Commercial Finance Association (CFA), the trade group representing the asset-based lending and factoring industries, released the following statement from CEO Robert Trojan regarding capital requirements for financial institutions.

Trojan said: “As the President meets today with federal banking regulators to discuss the implementation of Dodd-Frank, we would like to emphasize that the President and banking regulators should take into consideration the negative impact new, more stringent rules could have on the ability of financial institutions to provide capital to U.S. businesses. Banks covered by Dodd-Frank are a vital source of working and growth capital. Much of this capital is provided through asset-based loans, one of the most secure and stable kinds of commercial financing. It is imperative that the President and regulators ensure that Dodd-Frank implementation does not limit this critical source of funding for businesses which serves as an engine for job creation and economic growth.”

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