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40 Years of Fighting for an Industry: Ed Winn's RTO Legacy
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Ed Wynn, the legendary legal architect behind rent-to-own's regulatory framework, shares his extraordinary four-decade journey protecting an industry that many lawmakers never fully understood. Fresh into retirement after serving as APRO's legal counsel since its inception, Wynn offers unprecedented insights into how a collection of rental dealers transformed into a sophisticated national organization.
The conversation reveals fascinating origin stories, including how APRO literally began in Wynn's law office with just one secretary. We explore the delicate dance of state-level legislation where, in exchange for accepting regulation and disclosure requirements, the industry secured crucial protection from being recharacterized as credit sales. Wynn walks us through multiple attempts to establish federal legislation—coming tantalizingly close in both 1983 and 2001—while explaining why many Republican lawmakers surprisingly cautioned against federal oversight.
Perhaps most compelling is Wynn's candid discussion of rental theft prosecution, where he shares unconventional but effective strategies for working with reluctant district attorneys. "Go to the DA's website," Wynn advises, "find the law firm that made the largest contributions to his last election, hire somebody from that firm, and get a meeting." This pragmatic approach to political realities perfectly illustrates how Wynn navigated complex challenges throughout his career.
As virtual rent-to-own emerges as the industry's growth frontier, Wynn provides critical context about recent legal victories that affirm the "no obligation" foundation of these transactions. His assessment of today's legal climate and thoughts on the incoming administration offer valuable perspective for anyone connected to rental businesses.
Whether you're a rental operator seeking to understand your industry's legal foundations or simply fascinated by how specialized industries navigate regulatory challenges, this conversation offers rare wisdom from someone who truly shaped an entire business sector. Subscribe now to hear more industry insights from leaders who've been in the trenches!
Support the show
www.TheRTOshowPodcast.com
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By Pete ShauSend us a text
Ed Wynn, the legendary legal architect behind rent-to-own's regulatory framework, shares his extraordinary four-decade journey protecting an industry that many lawmakers never fully understood. Fresh into retirement after serving as APRO's legal counsel since its inception, Wynn offers unprecedented insights into how a collection of rental dealers transformed into a sophisticated national organization.
The conversation reveals fascinating origin stories, including how APRO literally began in Wynn's law office with just one secretary. We explore the delicate dance of state-level legislation where, in exchange for accepting regulation and disclosure requirements, the industry secured crucial protection from being recharacterized as credit sales. Wynn walks us through multiple attempts to establish federal legislation—coming tantalizingly close in both 1983 and 2001—while explaining why many Republican lawmakers surprisingly cautioned against federal oversight.
Perhaps most compelling is Wynn's candid discussion of rental theft prosecution, where he shares unconventional but effective strategies for working with reluctant district attorneys. "Go to the DA's website," Wynn advises, "find the law firm that made the largest contributions to his last election, hire somebody from that firm, and get a meeting." This pragmatic approach to political realities perfectly illustrates how Wynn navigated complex challenges throughout his career.
As virtual rent-to-own emerges as the industry's growth frontier, Wynn provides critical context about recent legal victories that affirm the "no obligation" foundation of these transactions. His assessment of today's legal climate and thoughts on the incoming administration offer valuable perspective for anyone connected to rental businesses.
Whether you're a rental operator seeking to understand your industry's legal foundations or simply fascinated by how specialized industries navigate regulatory challenges, this conversation offers rare wisdom from someone who truly shaped an entire business sector. Subscribe now to hear more industry insights from leaders who've been in the trenches!
Support the show
www.TheRTOshowPodcast.com
Facebook - The RTO Show
Instagram - the_rto_show
Linkedin - The RTO Show
Youtube - The RTO Show Podcast