Notice2025-00643
Notice of Inflation Adjustments for Civil Money Penalties
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 14, 2025
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The Federal Deposit Insurance Corporation is providing notice of its maximum civil money penalties as adjusted for inflation.
Full Text
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<title>Federal Register, Volume 90 Issue 8 (Tuesday, January 14, 2025)</title>
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[Federal Register Volume 90, Number 8 (Tuesday, January 14, 2025)]
[Notices]
[Pages 3212-3213]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-00643]
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FEDERAL DEPOSIT INSURANCE CORPORATION
RIN 3064-ZA44
Notice of Inflation Adjustments for Civil Money Penalties
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice of monetary penalties for 2025.
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SUMMARY: The Federal Deposit Insurance Corporation is providing notice
of its maximum civil money penalties as adjusted for inflation.
DATES: The adjusted maximum amounts of civil money penalties in this
notice are applicable to penalties assessed after January 15, 2025, for
conduct occurring on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT: Graham N. Rehrig, Acting Deputy
Regional Counsel, Legal Division, 703-314-3401, <a href="/cdn-cgi/l/email-protection#2a4d584f4258434d6a4c4e4349044d455c"><span class="__cf_email__" data-cfemail="3f584d5a574d56587f595b565c11585049">[email protected]</span></a>;
Federal Deposit Insurance Corporation, 15 Braintree Hill Office Park,
Braintree, MA 02184-8701.
SUPPLEMENTARY INFORMATION: This notice announces changes to the maximum
amount of each civil money penalty (CMP) within the Federal Deposit
Insurance Corporation's (FDIC) jurisdiction to administer to account
for inflation under the Federal Civil Penalties Inflation Adjustment
Act of 1990 (1990 Adjustment Act),\1\ as amended by the Federal Civil
Penalties Inflation Adjustment Act Improvements Act of 2015 (2015
Adjustment Act).\2\ Under the 1990 Adjustment Act, as amended, Federal
agencies must make annual adjustments to the maximum amount of each CMP
the agency administers. The Office of Management and Budget (OMB) is
required to issue guidance to Federal agencies no later than December
15 of each year providing an inflation-adjustment multiplier (that is,
the inflation-adjustment factor agencies must use) applicable to CMPs
assessed in the following year.
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\1\ Public Law 101-410, 104 Stat. 890, codified at 28 U.S.C.
2461 note.
\2\ Public Law 114-74, 701(b), 129 Stat. 599, codified at 28
U.S.C. 2461 note.
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Agencies are required to publish their CMPs, adjusted under the
multiplier provided by the OMB, by January 15 of the applicable year.
Agencies like the FDIC that have codified the statutory formula for
making the CMP adjustments may make annual inflation adjustments by
providing notice in the Federal Register.\3\
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\3\ See Office of Mgmt. & Budget, Exec. Office of the President,
OMB Memorandum No. M-25-02, Implementation of Penalty Inflation
Adjustments for 2025, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015 4 (Dec. 17, 2024),
<a href="https://www.whitehouse.gov/wp-content/uploads/2024/12/M-25-02.pdf">https://www.whitehouse.gov/wp-content/uploads/2024/12/M-25-02.pdf</a>
(OMB Guidance); see also 12 CFR 308.132(d) (FDIC regulation that
guides readers to the Federal Register to see the annual notice of
CMP inflation adjustments).
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On December 17, 2024, the OMB issued guidance to affected agencies
on implementing the required annual adjustment, which guidance included
the relevant inflation multiplier.\4\ The FDIC has applied that
multiplier to the maximum CMPs allowable in 2024 for FDIC-supervised
institutions and other parties subject to the FDIC's jurisdiction to
calculate the maximum amount of CMPs that may be assessed by the FDIC
in 2025.\5\ There were no new statutory CMPs administered by the FDIC
during 2024.
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\4\ See OMB Guidance at 2 (providing an inflation multiplier of
1.02598).
\5\ Penalties assessed for violations occurring prior to
November 2, 2015, will be subject to the maximum amounts set forth
in the FDIC's regulations in effect prior to the enactment of the
2015 Adjustment Act.
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The following charts provide the inflation-adjusted maximum CMP
amounts for use after January 15, 2025--the effective date of the 2025
annual adjustments--under 12 CFR part 308, for conduct occurring on or
after November 2, 2015:
Maximum Civil Money Penalty Amounts
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Adjusted maximum
Current maximum CMP \6\
U.S. Code citation CMP (through (beginning
January 14, 2025) January 15, 2025)
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12 U.S.C. 1464(v)
Tier One CMP \7\.............. $4,899 $5,026
Tier Two CMP.................. 48,992 50,265
Tier Three CMP \8\............ 2,449,575 2,513,215
12 U.S.C. 1467(d)................. 12,249 12,567
12 U.S.C. 1817(a)
Tier One CMP \9\.............. 4,899 5,026
Tier Two CMP.................. 48,992 50,265
Tier Three CMP \10\........... 2,449,575 2,513,215
12 U.S.C. 1817(c)
Tier One CMP.................. 4,480 4,596
Tier Two CMP.................. 44,783 45,946
Tier Three CMP\11\............ 2,239,210 2,297,385
12 U.S.C. 1817(j)(16)
Tier One CMP.................. 12,249 12,567
Tier Two CMP.................. 61,238 62,829
Tier Three CMP \12\........... 2,449,575 2,513,215
12 U.S.C. 1818(i)(2) \13\
Tier One CMP.................. 12,249 12,567
Tier Two CMP.................. 61,238 62,829
Tier Three CMP \14\........... 2,449,575 2,513,215
12 U.S.C. 1820(e)(4).............. 11,198 11,489
12 U.S.C. 1820(k)(6).............. 402,920 413,388
12 U.S.C. 1828(a)(3).............. 153 157
12 U.S.C. 1828(h) \15\
[[Page 3213]]
For assessments < $10,000..... 153 157
12 U.S.C. 1829b(j)................ 25,597 26,262
12 U.S.C. 1832(c)................. 3,558 3,650
12 U.S.C. 1884.................... 356 365
12 U.S.C. 1972(2)(F)
Tier One CMP.................. 12,249 12,567
Tier Two CMP.................. 61,238 62,829
Tier Three CMP \16\........... 2,449,575 2,513,215
12 U.S.C. 3909(d)................. 3,047 3,126
15 U.S.C. 78u-2
Tier One CMP (individuals).... 11,524 11,823
Tier One CMP (others)......... 115,231 118,225
Tier Two CMP (individuals).... 115,231 118,225
Tier Two CMP (others)......... 576,158 591,127
Tier Three CMP (individuals).. 230,464 236,451
Tier Three CMP (others)....... 1,152,314 1,182,251
15 U.S.C. 1639e(k)
First violation............... 14,069 14,435
Subsequent violations......... 28,135 28,866
31 U.S.C. 3802.................... 13,946 14,308
42 U.S.C. 4012a(f)................ 2,661 2,730
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Current Adjusted
presumptive CMP presumptive CMP
CFR Citation (through January (beginning January
14, 2025) 15, 2025)
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12 CFR 308.132(e)(1)(i)
Institutions with $25
million or more in assets.
1 to 15 days late....... $672.............. $689.
16 or more days late.... $1,344............ $1,379.
Institutions with less than
$25 million in assets.
1 to 15 days late \17\.. $225.............. $231.
16 or more days late $447.............. $459.
\18\.
12 CFR 308.132(e)(1)(ii)
Institutions with $25
million or more in assets.
1 to 15 days late....... $1,119............ $1,148.
16 or more days late.... $2,238............ $2,296.
Institutions with less than
$25 million in assets.
1 to 15 days late....... 1/50,000th of the 1/50,000th of the
institution's institution's
total assets. total assets.
16 or more days late.... 1/25,000th of the 1/25,000th of the
institution's institution's
total assets. total assets.
12 CFR 308.132(e)(2)............ $48,992........... $50,265.
12 CFR 308.132(e)(3)
Tier One CMP................ $4,899............ $5,026.
Tier Two CMP................ $48,992........... $50,265.
Tier Three CMP \19\......... $2,449,575........ $2,513,215.
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Federal Deposit Insurance Corporation.
Dated at Washington, DC on January 8, 2025.
Debra A. Decker,
Executive Secretary.
[FR Doc. 2025-00643 Filed 1-13-25; 8:45 am]
BILLING CODE 6714-01-P
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</html>Indexed from Federal Register on January 14, 2025.
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