July 30, 2015
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The California Apparel News recently spoke with several finance-industry executives about what challenges and bumps in the road apparel manufacturers and retailers are facing this year now that the uncertainty of the presidential election is over, but another set of uncertainties have cropped up under a new administration.
In the whirlwind of election-year debates, some politicians have been taking a protectionist attitude and threatening to raise U.S. tariffs and erect trade barriers.
In recent months, there has been some consolidation in the factoring and banking business, with CIT Group acquiring OneWest Bank and Sterling National Bank purchasing a factoring portfolio from First Capital Corp.