← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Rules of Practice and Procedure

FDIC · final-rule · Published 2018-11-28 · Effective 2019-01-15 · 83 FR 61111

Document

Document number
2018-25660
Federal Register citation
83 FR 61111
CFR reference
12 CFR 308
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2018-11-28
Effective date
2019-01-15

Abstract

The Federal Deposit Insurance Corporation (FDIC) is amending its rules of practice and procedure to remove duplicative, descriptive regulatory language related to civil money penalty (CMP) amounts that restates existing statutory language regarding such CMPs; codify Congress's recent change to CMP inflation-adjustments in the FDIC's regulations; and direct readers to an annually published notice in the Federal Register--rather than the Code of Federal Regulations (CFR)-- for information regarding the maximum CMP amounts that can be assessed after inflation adjustments. These revisions are intended to simplify the CFR by removing unnecessary and redundant text and to make it easier for readers to locate the current, inflation-adjusted maximum CMP amounts by presenting these amounts in an annually published chart. Additionally, the FDIC is correcting four errors and revising cross- references currently found in its rules of practice and procedure.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown