Notice of Inflation Adjustments for Civil Money Penalties

Title: Notice of Inflation Adjustments for Civil Money Penalties
Subject: Civil money penalties
Agency: FDIC
Status: Final rule
Summary:
The Federal Deposit Insurance Corporation (FDIC) is providing notice of its maximum civil money penalties as adjusted for inflation. The inflation adjustments are required to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. On December 14, 2018, the OMB issued guidance to affected agencies on implementing the required annual adjustment, which guidance included the relevant inflation multiplier. The FDIC has applied that multiplier to the maximum CMPs allowable in 2018 for FDIC-supervised institutions to calculate the maximum amount of CMPs that may be assessed by the FDIC in 2019. There were no new statutory CMPs administered by the FDIC during 2018.
FR Doc: 2019-00510
Date proposed:
Comments due date:
Final rule effective date: Adjusted maximum amounts are applicable to penalties assessed after January 15, 2019, for conduct occurring on or after November 2, 2015.
Rule compliance date:
Agency release:

Related Reg Report item(s):

Agency publishes inflation-adjusted increases in fines for New Year

FDIC changes to CMP rules final, effective Jan. 15

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