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John C. Redding Quoted in Auto Finance News Article, “Industry Weighs in on 2018 Compliance Trends Through Twitter Chat”

Auto Finance News

John C. Redding

John C. Redding was quoted on December 18, 2017 in an Auto Finance News article, “Industry Weighs in on 2018 Compliance Trends Through Twitter Chat,” which discussed the twitter chat hosted by Auto Finance News on the predicted compliance trends within the auto finance industry. The article stated, “No one was able to determine who the next Consumer Financial Protection Bureau director will be, or if Leandra English will be successful in retaking control from current acting director Mick Mulvaney. However, John Redding, a partner at Buckley Sandler LLP, did give followers some advice during this uncertain time.”

Redding stated, “Uncertainty in leadership remains, but a commission or Republican appointee may ultimately reduce the burden. Continued compliance efforts during a time of uncertainty helps mitigate the current risk.” In regard to the preparation by lenders for scrutiny at the local level, Redding added, “The trend toward AG enforcement will continue, and the AG letter to the White House supports this. Engage in outreach to your state AG’s. Monitor actions in other industries for trends. Remember that they work together and share information.”

Click here to read the full article.