In the Media
4 Compliance Tips for Powersports Lenders, Dealers
Read Time: 1 minAuto Finance News quoted member Jason Bichsel in “4 Compliance Tips for Powersports Lenders, Dealers,” published on October 3, 2025. Jason discusses regulatory guidance and tips for dealers and lenders in the powersports world to comply with the rules.
It’s important that lenders’ compliance teams are aware of new procedures and product launches so they can meet compliance standards from inception, Jason Bichsel, a member (partner) at law firm McGlinchey Stafford who specializes in consumer financial services compliance, said during the discussion.
“It’s a lot easier for them to guide you, put up the guardrails and have a successful product launch when they know about everything right at the beginning,” he said, noting that retroactive guidance can be challenging, especially if a material part of the development is at risk of being out of compliance standards.
“Legislative and regulatory tracking can be really time consuming,” Bichsel said. “It’s difficult; sometimes the bills are decently available, but it’s absolutely crucial.”
“It’s just as important to diversify sources for information,” Bichsel said. Have “various channels where you get your state legislative and regulatory updates sufficiently far in advance that you can actually implement them and avoid having them flat-footed” he said.