Wolters Kluwer Unveils Compliance Tool for BHPH Dealers
Wolters Kluwer Financial Services has added a new resource for buy-here, pay-here (BHPH) dealers to its CompliSource solution, an online compliance tool for managing compliance with the state laws that govern direct and indirect lending.
BATON ROUGE, La. — Wolters Kluwer Financial Services has added a new resource for buy-here, pay-here (BHPH) dealers to its CompliSource solution, an online compliance tool for managing compliance with the state laws that govern direct and indirect lending.
CompliSource for Buy Here, Pay Here Financing offers comprehensive compilations of information available about current state laws and regulations, as well as pending legislation, related to the financing and collection of vehicles by BHPH dealers.
CompliSource provides interpretive summaries of the laws and links to the complete statutory text. Content is continuously updated by Wolters Kluwer Financial Services’ dedicated team of legal and compliance professionals and covers various topics, including requirements surrounding licensing, repossession, third-party liens, lien perfection and debt collection.
“By offering information specific to buy here, pay here financing, we can help more dealerships understand what they must do to remain compliant, enabling them to proactively address new laws and regulations,” said Lee Domingue, CEO of indirect lending at Wolters Kluwer Financial Services. “This in itself can subsequently reduce the amount of time and money spent tracking legislative changes, and help minimize risks for litigation and costs for outside legal counsel.”
For more information about CompliSource for Buy Here, Pay Here Financing, visit www.wolterskluwerfs.com/complisource.
More F&I
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →