Payments Pros – The Payments Law Podcast

In this crossover episode of The Consumer Finance Podcast and Payments Pros, Taylor Gess is joined by colleagues Jason Cover and Carlin McCrory for another installment of the "Point-of-Sale Finance" series. The conversation turns to the payment products that sit alongside credit at the point of sale: deposit accounts, debit cards, prepaid cards, digital wallets, and gift cards. They explain why the first step is deciding what the product actually is, since Regulation E and Regulation CC determine whether it is a prepaid account or a checking account, and they cover key deposit agreement terms, fraud and unauthorized use, fee disclosures, escheat, and ledgering. Jason and Carlin also examine hybrid prepaid credit cards under Regulation Z and the status of the Consumer Financial Protection Bureau's overdraft rule after the Congressional Review Act resolution.The episode also addresses Bank Secrecy Act and anti-money laundering onboarding and identity verification, convenience fees and surcharges (including card network rules, state law caps, and the First Amendment rulings against many state surcharge laws), and the Durbin Amendment's effect on interchange and bank partner selection. It closes with how clients are entering the payments ecosystem as ISOs and PayFacs, and how deposit account data can support underwriting and repayment for new credit products.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Payments Pros, host Carlin McCrory speaks with Frank Van Driessche, head of the ISO 20022 practice at Federal Reserve Financial Services, about the global messaging standard reshaping the payments industry.The conversation covers what ISO 20022 is and why it matters, the practical challenges organizations face in adopting it, and how the standard supports compliance efforts such as AML and sanctions screening. Frank also discusses the innovation opportunities created by richer, more structured payment data, along with the real-world costs and trade-offs involved in rolling out a major standards change across the payments ecosystem. He wraps up with his perspective on what's next for ISO 20022 as adoption continues to expand both domestically and internationally. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this crossover episode of Payments Pros and The Consumer Finance Podcast, Taylor Gess is joined by colleagues James Stevens and Sarah Hanna from Troutman Pepper Locke's Corporate and Consumer Financial Services practices to discuss the surge of interest among fintech and point-of-sale finance companies in obtaining bank charters, acquiring existing banks, and forming bank partnerships. With the current administration signaling an open-for-business posture at the federal banking agencies, and the Office of the Comptroller of the Currency (OCC) actively encouraging de novo applications, payment and fintech companies are weighing their options more seriously than they have in years. The conversation covers what is driving the spike in charter applications, including from companies in the crypto, lending, and payments spaces, and how specialty charters are factoring into that trend. James and Sarah also walk through the bank partnership landscape, where enforcement activity has cooled and focus has shifted, and explain how acquiring an existing bank charter compares to starting from scratch on timing, cost, and regulatory complexity. The episode closes with practical guidance for point-of-sale finance companies considering any of these three paths, including why building internal compliance infrastructure early, engaging regulators informally, and retaining regulatory counsel sooner rather than later can make or break a successful launch. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Payments Pros, host Keith Barnett examines a June 2026 multistate consent order issued jointly by Colorado and Texas against RamadPay, a Minnesota-based money transmitter specializing in international transfers between the U.S. and Africa. Keith walks through the three core compliance failures identified during a coordinated examination: untimely filing of CTRs and CMIRs, deficiencies in the company's AML/CFT program particularly around agent monitoring and independent program reviews, and violations of the FTC's Safeguards Rule related to inadequate device and software inventory management. He emphasizes that regulators flagged repeat deficiencies from prior examinations, underscoring the critical importance of actually remediating issues identified by independent auditors. Keith also details the corrective requirements imposed on RamadPay, including a $200,000 penalty, mandatory hiring of a third-party compliance consultant, enhanced AML/CFT monitoring, and quarterly progress reporting to both states. The episode closes with a reminder that state regulators are increasingly scrutinizing cybersecurity and data governance alongside BSA/AML compliance in money transmitter examinations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Payments Pros, host Keith Barnett examines a recent FTC enforcement action targeting an alleged unlawful subscription scheme involving 15 corporations and eight individuals operating through Cyprus- and Ukraine-based entities with access to U.S. payment rails. Keith discusses the FTC's continued focus on deceptive advertising, undisclosed recurring charges, unauthorized billing, and burdensome cancellation practices, and explains why these issues carry significant implications for companies operating in the payments ecosystem. He walks through the FTC's five-stage playbook allegations, including the failure to clearly disclose subscription terms, the use of engaging online tasks to drive purchases, and the deliberate obstruction of cancellation mechanisms. Keith also highlights the broad temporary restraining order agreed to by several defendants, covering asset freezes, foreign asset repatriation, customer data protections, and expedited discovery extending to third-party banks and payment processors. The episode closes with a reminder that the Trump-era FTC remains active and aggressive in the payments space, with businesses advised to prioritize clear disclosures, simple cancellation options, and strong BSA compliance practices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.