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John C. Redding Quoted in Powersports Finance Article, “3 Best Compliance Practices for Dealer Management”

Powersports Finance

John C. Redding

John C. Redding was quoted on March 30, 2017 in a Powersports Finance article, “3 Best Compliance Practices for Dealer Management.” The article discussed the increased attention to compliance practices by lenders, and specifically noted an emphasis on dealer management and consumer complaints.

Redding shared three best practices for monitoring dealer compliance, which included, “monitoring the dealer partner’s sales practices for ancillary products, keeping an eye out for consumer complaints (even on social media), and checking state laws for consumer fee allowance.” Redding stated, “These dealer compliance practices can help the lender understand how their dealers are conducting business and what potential impact that dealer’s actions could have on the finance company.”

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