Point of sale financing can take the form of a loan made to a consumer at the time the consumer acquires goods or services from a merchant, or the form of a retail installment sales contract. While both product types consist of unsecured consumer receivables, there are differences in the way in which they are financed and the applicable federal and state regulatory regimes. Sidley has worked with banks, investment funds, merchants and point of sale specialty finance companies in forward flow purchase facilities, warehouse financings and securitizations of both types of point of sale products. Our Banking and Financial Services
team provides essential regulatory support for these transactions, advising on the various federal and state regulations applicable to point of sale products, whether loans or retail installment sales contracts.