Rules of Practice and Procedure; Civil Money Penalty Adjustments

As required by the Debt Collection Improvement Act of 1996 (DCIA), the Federal Deposit Insurance Corporation (FDIC) is adopting a final regulation that adjusts each civil money penalty (CMP) under its jurisdiction by the rate of inflation using the formula prescribed by the DCIA. That statute requires all federal agencies to adjust each CMP by the rate of inflation and adopt implementing regulations within 180 days after enactment of the DCIA, and at least once every four years thereafter. Any increase in a CMP shall apply only to violations that occur after the effective date of this regulation.