Lawsuit filed over CFPB’s arbitration rule

DALLAS — The Consumer Financial Protection Bureau’s anti-arbitration rule is now heading for a courtroom clash.

On Friday, the U.S. Chamber of Commerce, American Bankers Association, American Financial Services Association, Consumer Bankers Association, Financial Services Roundtable and a coalition of associations located throughout Texas filed a legal challenge to the CFPB’s rule that prohibits the use of class action waivers in arbitration clauses.

The lawsuit was filed in the Northern District of Texas, Dallas Division.

As outlined in the complaint, the organizations explained the legal challenge rests on ... Read more




Sell BHPH Auto Notes

Latest Auto News Update

BMO Harris Eyes Dealer Finance Expansion- BMO Harris Bank is fostering greater collaboration between its retail consumer auto loan business and commercial dealer finance arm in search of opportunities to extend credit to dealerships in the U.S., Craig Harter, head of the company’s indirect auto finance group, told Auto Finance News

Nearly Half of Toyota Financial Team to Move to Texas This Summer PLANO, Texas — About 400 Toyota Financial Services employees are still making the move to the manufacturer’s new Texas headquarters from Torrance, Calif., with July and August serving as the “biggest moving months,” Julia Wada, TFS group vice president of HR and real estate, told Auto Finance News.

iLendingDirect to Launch Anonymous Car-Buying Platform iLendingDirect is preparing to launch two different products during the second half of 2017, including iPlayersDirect — an anonymous car-buying platform for high-end income earners, such as professional athletes, Auto Finance News has learned. “Our iPlayersDirect initiative will provide a suite of services

Financial Solutions

Auto Finance Innovation 2017 is Almost Here!

Auto Finance Innovation 2017 is Almost Here!

We're only one week away from the second annual Auto Finance Innovation, and we look forward to welcoming everyone in San Diego! The 2017 conference has been expanded to two full days of exceptional content and networking, making this a can't miss event. It's not too late... Register today to join us at the Hilton San Diego Bay front, May 17-18, as we Explore the Transformation of auto lending and leasing at Auto Finance Innovation 2017. Financial Solutions

Cash For BHPH Dealers

Financial Solutions, has helped BHPH dealers get needed cash for almost 20 years.

Call us and find out which of our programs best fits your needs.

We can provide you with a FREE quote on the accounts that you want to sell.

Call us today to find out about how selling some auto notes can generate capital that you need.  615-414-6708

Selling some of your buy here pay here auto notes allows you to access quick capital.

1. Cover Expenses
2. Pay Off Debt
3. Buy more inventory
4. Manage your remaining accounts more effectively
5. Access cash sooner than waiting for loans to be paid off 
6. Eliminates Risk

If you would like more information on how to sell buy here pay accounts give us a call. Our auto loan portfolio buyers will talk to you about how to sell buy here pay here accounts.

Call Financial Solutions @ 615-414-6708

Dealer Trade-in appraisals often add odds with online quotes for comsumers

Dealer trade-in appraisal often at odds with consumers' online quotes

CARY, N.C. — Generally speaking, consumers and dealers often don’t seem to see eye-to-eye when it comes to trade-in appraisal, says Black Book senior vice president of sales Jared Kalfus.

Black Book’s latest online survey, which examined car shoppers' sentiment on trade-in appraisal when purchasing a vehicle, found that 47 percent of those polled desire a dealer’s offer to be within $501 to $1,000 of their researched quote for it to be satisfactory.



If you need cash for your BHPH Dealership give us a call!

FINANCIAL SOLUTIONS WE TURN AUTO NOTES INTO CASH!

615-414-6708