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Civil Monetary Penalty Inflation Adjustment

NCUA · final-rule · Published 2016-11-07 · Effective 2016-11-07 · 81 FR 78028

Document

Document number
2016-26712
Federal Register citation
81 FR 78028
CFR reference
12 CFR 747
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2016-11-07
Effective date
2016-11-07

Abstract

On June 21, 2016, the NCUA Board (Board) published an interim final rule amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation. This action, including the amount of the adjustments, is required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This final rule confirms those amendments while making a clarification regarding the prospective effect of the 2015 legislation.

Source

Authoritative
Federal Register document
Machine
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