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Effective Date: Notification of Inflation Adjustments for Civil Money Penalties

AGENCY:

Office of the Comptroller of the Currency, Treasury.

ACTION:

Notification of monetary penalties 2024.

SUMMARY:

This document announces changes to the Office of the Comptroller of the Currency’s (OCC) maximum civil money penalties as adjusted for inflation. The inflation adjustments are required to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.

DATES:

The adjusted maximum amount of civil money penalties in this document are applicable to penalties assessed on or after January 8, 2024 for conduct occurring on or after November 2, 2015.

https://www.federalregister.gov/documents/2024/01/08/2024-00097/notification-of-inflation-adjustments-for-civil-money-penalties

  • January 8, 2024
  • Time: All Day