Wisconsin clarifies policy on GPS & payment assurance technology
Thursday, Feb. 4, 2016, 02:38 PM
BHPH Report Staff
Here’s some good news for buy-here, pay-here operators who have interests in Wisconsin. PassTime, Hudson Cook and Minneapolis-based law firm Reinhart Boerner Van Deuren recently met with the Wisconsin Department of Financial Institutions (DFI) to discuss how GPS and payment ... [Read More]
CFPB takes aim at BHPH, misses mark on providing clear guidance
Monday, Feb. 1, 2016, 08:08 PM
Allen Denson and Joel Winston, Hudson Cook
On Jan. 21, the Consumer Financial Protection Bureau released a law enforcement settlement that should cause dealers to take notice. The settlement, involving Herbies Auto Sales, a single-lot BHPH dealership in Colorado, is noteworthy for its attack on pricing and ... [Read More]
New kiosk technology out to eliminate cash management pain
Tuesday, Jan. 26, 2016, 09:49 PM
BHPH Report Staff
Quotepro, a provider of sales and payment technology for buy-here, pay-here dealers across the country, unveiled a payment kiosk that can accept cash, check, money order, debit card and credit card transactions. The company highlighted the kiosk can be used ... [Read More]
CFPB orders Colo. dealer to pay $700K in restitution
Thursday, Jan. 21, 2016, 07:20 PM
BHPH Report Staff
For the second time in two months, the Consumer Financial Protection Bureau took out an enforcement action in the buy-here, pay-here industry. On Thursday, the enforcement came against Herbies Auto Sales, an operator in Greeley, Colo., for what the bureau ... [Read More]
DBA International taps NABD to be education provider
Wednesday, Jan. 20, 2016, 07:35 PM
BHPH Report Staff
Coming on the heels of another successful educational boot camp for new and veteran operators, the National Alliance of Buy-Here, Pay-Here Dealers has become an Authorized Education Provider for DBA International, the nonprofit trade association that represents more than 575 ... [Read More]
5 improvements to NIADA member services website
Thursday, Jan. 7, 2016, 06:08 PM
BHPH Report Staff
The National Independent Automobile Dealers Association made a major enhancement to the NIADA member services Web-based promotional platform. According to what NIADA officials indicated on Thursday, the enhancement not only can make it easier for the association's 15,000-plus members to ... [Read More]
NABD hosting final boot camp this weekend
Tuesday, Jan. 5, 2016, 03:45 PM
BHPH Report Staff
If operators have been putting off their plans to participate in a BHPH Boot Camp hosted by the National Alliance of Buy-Here, Pay-Here Dealers, they might miss their opportunity completely. In a message to BHPH Report, NABD indicated its upcoming ... [Read More]
NIADA acquires Leedom & Associates assets
Friday, Dec. 18, 2015, 02:45 PM
BHPH Report Staff
The National Independent Automobile Dealers Association became an even bigger organization on Friday as NIADA announced it has acquired the assets and operations of Sarasota, Fla.-based Leedom & Associates. Officials highlighted the transaction — which was concluded Monday — transfers ... [Read More]
CarHop’s credit reporting practices trigger $6.4M fine
Thursday, Dec. 17, 2015, 05:21 PM
BHPH Report Staff
Buy-here, pay-here operators who report their customers’ successful payments to a credit bureau should take note. Allegedly not completing the process correctly according to the Consumer Financial Protection Bureau cost BHPH chain CarHop more than $6 million in penalties. On ... [Read More]
J.D. Byrider honors 17 operators during annual awards program
Monday, Dec. 7, 2015, 03:02 PM
BHPH Report Staff
J.D. Byrider recognized a total of 17 dealerships from 12 states as winners of the buy-here, pay-here store chain’s annual awards during its November convention in Orlando, Fla. The company highlighted that its Franchise of the Year winners were chosen in ... [Read More]
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