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Maximum amount of OCC CMPs adjusted
The OCC has announced that, on December 30, 2019, it published [84 FR 71735] a notice to adjust the maximum amount of each civil money penalty within its jurisdiction pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (2015 Adjustment Act). The adjusted maximum penalties were effective January 1, 2020, for violations occurring on or after November 2, 2015.
The inflation adjustment multiplier for 2020 is 1.01764, as prescribed by the Office of Management and Budget.