SMART Payment Plan Resolves CFPB Investigation

SMART has completed a 4 year investigation with the CFPB.
SMART has completed a 4 year investigation with the CFPB.
SMART is now offering dealers, sales managers, finance managers, and Agents virtual sales and training sessions multiple times per week during the COVID-19 crisis.
SMART Payment Plan has responded to a new government program that allows customers with school loan payments to skip payments for 2 months.
Matching payments program provider SMART Payment Plan is seeking agents to represent the company in 30 new U.S. markets.
Jackson Bigham has been named chief compliance officer of SMART Payment Plan. In that role, he will be responsible for managing SMART’s state and federal regulatory compliance and regulatory reporting.
SMART Payment Plan was ordered to wind down its business in Texas for operating without the proper state license since 2009. The biweekly payment provider can reapply for the license in 12 months.
Four providers of biweekly payment providers responded on May 20 to a memo the NADA issued to its members on May 8. They say the association overlooked key benefits when it cautioned dealers about how such products are presented to consumers.
The technology firm was recognized in the payment category for excellence in customer support, service and value in Auto Dealer Monthly’s annual Dealer’s Choice Awards.
ADP Dealer Services, a division of Automatic Data Processing Inc., has approved another group of third-party vendors through its ADP Third Party Access Program.
SMART Payment Plan, a nationwide bill payment service and provider of F&I sales solutions, has re-launched its “$10,000 PVR Challenge.” SMART will pay any dealer $10,000 if his or her PVR doesn't increase after using its payment service.