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Civil Monetary Penalty Inflation Adjustment

NCUA · final-rule · Published 2004-10-07 · Effective 2004-11-01 · 69 FR 60077

Document

Document number
04-22537
Federal Register citation
69 FR 60077
CFR reference
12 CFR 747
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2004-10-07
Effective date
2004-11-01

Abstract

Congress, in the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996, required all federal agencies with the authority to impose civil monetary penalties (CMPs) to regularly evaluate those CMPs to ensure that they continue to maintain their deterrent value. In order to comply with Congress' mandate to adjust CMPs for inflation at least every four years, NCUA is issuing this final rule to implement the required adjustments to the CMPs authorized by the Federal Credit Union Act and other relevant laws.

Source

Authoritative
Federal Register document
Machine
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