Payments Pros – The Payments Law Podcast

Hosted by Keith J. Barnett, Carlin A. McCrory, Troutman Pepper Locke, Jason M. Cover

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Oct 2026

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Payment processors, money transmitters, financial institutions, lenders, and other financial technology businesses face increasing scrutiny from regulators, as well as heightened consumer expectations. Troutman Pepper Locke's Payments Pros podcast features insights from our attorneys and business leaders, regulatory experts, and stakeholders on the most challenging legal and regulatory concerns confronted by companies and others in the payments industry. From the BSA to EFTs, fintech to regtech, licensure to lending, Nacha to the CFPB, and payment processing to debt collecting, we have you covered.

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October 22, 202617 min

Point-of-Sale Finance Series: Beyond Credit – Deposit Accounts, Prepaid Cards, Overdraft, and Surcharges

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.

October 7, 202621 min

Inside ISO 20022: Adoption, Compliance, and Innovation in Payments

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.

September 23, 202612 min

Point-of-Sale Finance Series: Bank Charters, M&A, and Partnerships — Strategic Paths for Fintech and Payment Companies

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.

August 26, 202612 min

State AML Enforcement: What Money Transmitters Need to Know About the RamadPay Consent Order

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.

August 6, 202617 min

FTC's Subscription Crackdown: What Payment Processors Need to Know

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.

July 8, 202620 min

Payments Compliance and the FTC's Focus on Subscription Practices

In this episode of Payments Pros , host Keith Barnett examines a recent FTC enforcement action involving alleged violations of the FTC Act and ROSCA. Keith discusses the FTC's continued focus on negative option features, automatic renewals, subscription disclosures, free trial conversions, and cancellation practices, and explains why these issues remain important for companies operating in the payments ecosystem. He walks through the FTC's allegations regarding insufficient disclosure of key subscription terms, including automatic renewal provisions and early cancellation fees, as well as concerns about burdensome cancellation processes for consumers. Keith also highlights how the action reflects a broader enforcement trend, with the FTC remaining active in the payments space despite increased attention on changes at the CFPB. The episode closes with practical takeaways for businesses, including the importance of clear disclosures, simple cancellation mechanisms, and careful internal communications regarding subscription and billing practices. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

June 17, 202617 min

Regulating Prediction Markets: Federal Oversight, State Authority, and the Road Ahead

In this crossover episode of Payments Pros and Regulatory Oversight , Stephen Piepgrass and Keith Barnett provide an update on the fast-developing prediction markets landscape. They discuss how federal and state regulators are responding to the growth of event contracts and the legal questions surrounding this emerging market. The conversation highlights the CFTC's continued focus on oversight, market integrity, and the need for platforms to maintain strong controls to detect and prevent manipulation or other improper trading activity. Stephen and Keith also address the evolving relationship between federal and state regulatory authority, including questions about how prediction markets should be classified and supervised. With litigation in multiple jurisdictions and potential rulemaking on the table, platforms, market participants, investors, and businesses with a stake in this space should keep an eye on how the regulatory framework develops. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

May 28, 202620 min

The Debanking Debate: Regulators, Risk, and Reality for Payments

In this special crossover episode of Payments Pros and The Consumer Finance podcasts, Carlin McCrory , Keith Barnett , and Chris Willis explore the federal government's increasing attention to “debanking” and what it means for payment processors, money transmitters, banks, and other financial services providers. They discuss recent federal initiatives and agency activity that have heightened scrutiny of decisions to onboard, maintain, or terminate customers and merchants, particularly where those decisions may be perceived as based on political or religious viewpoints. The conversation highlights emerging regulatory theories about when debanking could be treated as an unfair practice, and how those theories align with existing statutory and case law frameworks. The group also examines the interaction between legitimate risk management under the BSA and reputational risk. They close with practical takeaways for the industry, including the importance of revisiting risk and onboarding practices, aligning those practices with evolving regulatory expectations, and maintaining clear documentation to support decisions about customer and merchant relationships in a changing oversight environment. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

May 7, 202620 min

Point-of-Sale Finance Series: Evolving Collection Rules Impacting Creditors

In this joint episode of Payments Pros and The Consumer Finance Podcast , guest host Taylor Gess is joined by Stefanie Jackman to discuss amended debt collection regulations and restrictions for creditors, including tight communication limits and enhanced validation requirements. The conversation dives into the rise of coerced debt statutes, shortcomings of traditional identity theft frameworks, and how creditors should adjust training, intake, and escalation protocols to avoid reputational and legal risk. The discussion also explores state medical debt reporting bans, the preemption challenges, and cautious furnishing in the FCRA landscape. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

April 23, 202616 min

Point-of-Sale Finance Series: Fair Lending Risks at the Checkout Counter

In this special joint episode of Payments Pros and The Consumer Finance Podcast , guest host Taylor Gess joins Chris Willis and Lori Sommerfield to unpack fair lending risks in point-of-sale finance. They explain how traditional fair lending concepts under the Equal Credit Opportunity Act and Fair Housing Act play out when merchants interact directly with consumers, highlighting risks around discouraging credit applications, discretionary offers, differential assistance, and steering between prime and subprime products. The conversation explores practical risk mitigation tools, such as standardized sales scripts and consumer disclosures, merchant training, and attorney-directed mystery shopping, along with lessons drawn from unfair or deceptive acts or practices enforcement in point-of-sale settings. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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