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FDIC and Fed publish CMP inflation adjustments
The FDIC has published a Federal Register notice [85 FR 2132, January 14, 2020] providing notice of its maximum civil money penalties as adjusted for inflation. The adjusted maximum amounts of civil money penalties in the notice are applicable to penalties assessed after January 15, 2020, for conduct occurring on or after November 2, 2015.
The Federal Reserve Board also published its notice [85 FR 2007] of inflation adjustments for civil money penalties under its jurisdiction today.