About Jane Pannier

This author has not yet filled in any details.
So far Jane Pannier has created 67 blog entries.

Checking in with the CFPB’s New Consumer Complaint Database

“Narratives humanize problems,” said CFPB Director Richard Cordray. It was with that mentality that the CFPB adopted the overhaul of its Consumer Complaint Database to give consumers the opportunity to vent their frustrations through a written narrative. But the decision has continually been met with industry backlash. The reputational risk presented to lenders in the new [...]

By |2015-07-06T12:03:38-04:00July 6th, 2015|Blog, Compliance Tips|Comments Off on Checking in with the CFPB’s New Consumer Complaint Database

Fixing the NCUA's Fixed Asset Rule

The NCUA has gone back to the drawing board and reissued a revised proposal concerning federal credit unions’ ownership of fixed assets. The proposed rule issued in 2014 drew mostly negative comments stating that it didn’t go far enough in providing credit unions with authority to manage their own resources. This renovated proposal represents a [...]

By |2015-04-20T10:20:21-04:00April 20th, 2015|Blog, Compliance Tips|Comments Off on Fixing the NCUA's Fixed Asset Rule

Credit Card Submission Agreement Rules May Be Temporarily Benched

It’s a red-letter day when a cumbersome process is retired for the new and improved. The CFPB has recognized the glitches with the portion of Regulation Z that requires credit card issuers to post their open-end consumer credit card submission agreements on their websites and to submit a copy of those agreements to the CFPB [...]

By |2015-03-30T13:18:06-04:00March 30th, 2015|Blog, Compliance Tips|Comments Off on Credit Card Submission Agreement Rules May Be Temporarily Benched

Cuba and You: Finally Out of that Sticky, Red Tape

Obama made history when he eased the nation’s long-standing economic sanctions against Cuba. But before you break out your cigar, there are just a few, simple changes you should know. The changes to the Cuban Assets Control Regulations affect a number of areas, including travel to Cuba, foreign remittances to Cuba, the ability of U.S. [...]

By |2015-03-02T08:48:47-05:00March 2nd, 2015|Blog, Compliance Tips|Comments Off on Cuba and You: Finally Out of that Sticky, Red Tape

Timing Is Everything (Just Ask the Dinosaurs): Final Timing Rules on Reg. J and ACH

Effective Date: July 23, 2015 for the Reg. J and policy changes and for the policy changes related to the posting and debiting of check and ACH transactions to financial institutions’ accounts and December 5, 2014 for the policy revisions to the principles for establishing future posting procedures for same-day ACH service and services for [...]

By |2015-02-02T21:30:30-05:00February 2nd, 2015|Blog, Compliance Tips|Comments Off on Timing Is Everything (Just Ask the Dinosaurs): Final Timing Rules on Reg. J and ACH

Proposed Prepaid Product Protections: Changes to Regs. E and Z

In an effort to defend prepaid product consumers, the Consumer Financial Protection Bureau is proposing what it sees as strong, new federal protections. The intent is to provide protections to consumers whether they are sending a payment, swiping a card, or scanning their smartphone. As comments are due 3/23/2015, let's take a closer look at [...]

By |2015-01-12T18:37:41-05:00January 12th, 2015|Blog, Compliance Tips|Comments Off on Proposed Prepaid Product Protections: Changes to Regs. E and Z

The CFPB’s New Cure: Final Revisions to Certain Mortgage Rules

Effective Date: November 3, 2014 Just as the world of popular medicine seems to evolve (and even contradict itself), so too is the world of regulatory compliance in a constant state of flux. Nowhere is that more evident than with mortgage rules, and the CFPB has released a new mechanism for curing point and fees [...]

By |2015-01-05T09:10:27-05:00January 5th, 2015|Blog, Compliance Tips|Comments Off on The CFPB’s New Cure: Final Revisions to Certain Mortgage Rules

Mortgage Servicing Transfers Are Squarely in the Crosshairs

In the CFPB’s recent release of its Compliance Bulletin and Policy Guidance: Mortgage Servicing Transfer, the agency has targeted the transfer of residential mortgage servicing because it often has an adverse impact on consumers. In fact, servicers that are engaged in significant servicing transfers will, in cases deemed appropriate by the CFPB, be required to [...]

By |2014-11-17T16:39:29-05:00November 17th, 2014|Blog, Compliance Tips|Comments Off on Mortgage Servicing Transfers Are Squarely in the Crosshairs

When a Discharge Isn't a Discharge: A Proposal to Clear Up the Confusing 36-Month Non-Payment Testing Rule

If a lender makes a loan to a borrower, but ends up having to discharge the debt due to the borrower's bankruptcy or other qualifying trigger, then as far as the IRS is concerned, the discharged amount wasn't free money to the borrower – it's considered taxable income. How and when that discharged amount gets [...]

By |2014-10-27T01:00:27-04:00October 27th, 2014|Blog|Comments Off on When a Discharge Isn't a Discharge: A Proposal to Clear Up the Confusing 36-Month Non-Payment Testing Rule

The CFPB Has Its Eye on Your Advertisements, Especially Credit Card Promotional Rates

When it comes to advertising, the Consumer Financial Protection Bureau has its eye on financial institutions. And with the coming holiday season and the spike in advertising that frequently accompanies it, expect the CFPB to be on the lookout for all kinds of false claims, but for one kind in particular. Recently, the CFPB has [...]

By |2014-09-29T13:23:23-04:00September 29th, 2014|Blog, Compliance Tips|Comments Off on The CFPB Has Its Eye on Your Advertisements, Especially Credit Card Promotional Rates