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

Episode notes

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.

• Regulating Prediction Markets: Federal Oversight, State Authority, and the Road Ahead66 / 100
• The Debanking Debate: Regulators, Risk, and Reality for Payments72 / 100
• Point-of-Sale Finance Series: Evolving Collection Rules Impacting Creditors65 / 100
• Before You Front the Funds: Benefits and Pitfalls of Earned Wage Access Tools
• Beyond the Buzzwords: Building Bank-Fintech Partnerships That Survive Exams