Rules of Practice for Hearings, 2007-2009 [2020-00161]
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2007
Rules and Regulations
Federal Register
Vol. 85, No. 9
Tuesday, January 14, 2020
This section of the FEDERAL REGISTER
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents.
FEDERAL RESERVE SYSTEM
12 CFR Part 263
[Docket No. R–1693]
RIN 7100AF–69
Rules of Practice for Hearings
Board of Governors of the
Federal Reserve System.
ACTION: Final rule.
AGENCY:
The Board of Governors of the
Federal Reserve System (the ‘‘Board’’) is
issuing a final rule amending its rules of
practice and procedure to adjust the
amount of each civil money penalty
(‘‘CMP’’) provided by law within its
jurisdiction to account for inflation as
required by the Federal Civil Penalties
Inflation Adjustment Act Improvements
Act of 2015.
DATES: This final rule is effective on
January 14, 2020.
FOR FURTHER INFORMATION CONTACT:
Thomas O. Kelly, Senior Counsel (202–
974–7059), Legal Division, Board of
Governors of the Federal Reserve
System, 20th Street and Constitution
Ave. NW, Washington, DC 20551. For
users of Telecommunication Device for
the Deaf (TDD) only, contact 202–263–
4869.
SUPPLEMENTARY INFORMATION:
lotter on DSKBCFDHB2PROD with RULES
SUMMARY:
Federal Civil Penalties Inflation
Adjustment Act
The Federal Civil Penalties Inflation
Adjustment Act of 1990, 28 U.S.C. 2461
note (‘‘FCPIA Act’’), requires Federal
agencies to adjust, by regulation, the
CMPs within their jurisdiction to
account for inflation. The Federal Civil
Penalties Inflation Adjustment Act
Improvements Act of 2015 (the ‘‘2015
Act’’) 1 amended the FCPIA Act to
require Federal agencies to make annual
adjustments not later than January 15 of
every year.2 The Board is now issuing a
1 Public Law 114–74, 129 Stat. 599 (2015)
(codified at 28 U.S.C. 2461 note).
2 28 U.S.C. 2461 note, sec. 4(b)(1).
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new final rule to set the CMP levels
pursuant to the required annual
adjustment for 2020. The Board will
apply these adjusted maximum penalty
levels to any penalties assessed on or
after January 14, 2020, whose associated
violations occurred on or after
November 2, 2015. Penalties assessed
for violations occurring prior to
November 2, 2015 will be subject to the
amounts set in the Board’s 2012
adjustment pursuant to the FCPIA Act.3
Under the 2015 Act, the annual
adjustment to be made for 2020 is the
percentage by which the Consumer
Price Index for the month of October
2019 exceeds the Consumer Price Index
for the month of October 2018. On
December 16, 2019, as directed by the
2015 Act, the Office of Management and
Budget (OMB) issued guidance to
affected agencies on implementing the
required annual adjustment which
included the relevant inflation
multiplier.4 Using OMB’s multiplier, the
Board calculated the adjusted penalties
for its CMPs, rounding the penalties to
the nearest dollar.5
Administrative Procedure Act
The 2015 Act states that agencies
shall make the annual adjustment
‘‘notwithstanding section 553 of title 5,
United States Code.’’ Therefore, this
rule is not subject to the provisions of
the Administrative Procedure Act (the
‘‘APA’’), 5 U.S.C. 553, requiring notice,
public participation, and a deferred
effective date.
Regulatory Flexibility Act
The Regulatory Flexibility Act, 5
U.S.C. 601 et seq., requires a regulatory
flexibility analysis only for rules for
which an agency is required to publish
a general notice of proposed
rulemaking. Because the 2015 Act states
that agencies’ annual adjustments are to
be made notwithstanding section 553 of
title 5 of United States Code—the APA
3 77
FR 68680 (Nov. 16, 2012).
Memorandum M–20–05, Implementation
of Penalty Inflation Adjustments for 2020, Pursuant
to the Federal Civil Penalties Inflation Adjustment
Act Improvements Act of 2015 (Dec. 16, 2019).
5 Under the 2015 Act and implementing OMB
guidance, agencies are not required to make an
adjustment to a CMP if, during the 12 months
preceding the required adjustment, such penalty
increased due to a law other than the 2015 Act by
an amount greater than the amount of the required
adjustment. No other laws have adjusted the CMPs
within the Board’s jurisdiction during the preceding
12 months.
4 OMB
PO 00000
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section requiring notice of proposed
rulemaking—the Board is not
publishing a notice of proposed
rulemaking. Therefore, the Regulatory
Flexibility Act does not apply.
Paperwork Reduction Act
There is no collection of information
required by this final rule that would be
subject to the Paperwork Reduction Act
of 1995, 44 U.S.C. 3501 et seq.
List of Subjects in 12 CFR Part 263
Administrative practice and
procedure, Claims, Crime, Equal access
to justice, Lawyers, Penalties.
Authority and Issuance
For the reasons set forth in the
preamble, the Board amends 12 CFR
part 263 to read as follows:
PART 263—RULES OF PRACTICE FOR
HEARINGS
1. The authority citation for part 263
continues to read as follows:
■
Authority: 5 U.S.C. 504, 554–557; 12
U.S.C. 248, 324, 334, 347a, 504, 505, 1464,
1467, 1467a, 1817(j), 1818, 1820(k), 1829,
1831o, 1831p–1, 1832(c), 1847(b), 1847(d),
1884, 1972(2)(F), 3105, 3108, 3110, 3349,
3907, 3909(d), 4717; 15 U.S.C. 21, 78l(i),
78o–4, 78o–5, 78u–2; 1639e(k); 28 U.S.C.
2461 note; 31 U.S.C. 5321; and 42 U.S.C.
4012a.
2. Section 263.65 is revised to read as
follows:
■
§ 263.65 Civil money penalty inflation
adjustments.
(a) Inflation adjustments. In
accordance with the Federal Civil
Penalties Inflation Adjustment Act
Improvements Act of 2015, which
further amended the Federal Civil
Penalties Inflation Adjustment Act of
1990, the Board has set forth in
paragraph (b) of this section the
adjusted maximum amounts for each
civil money penalty provided by law
within the Board’s jurisdiction. The
authorizing statutes contain the
complete provisions under which the
Board may seek a civil money penalty.
The adjusted civil money penalties
apply only to penalties assessed on or
after January 14, 2020, whose associated
violations occurred on or after
November 2, 2015.
(b) Maximum civil money penalties.
The maximum (or, in the cases of 12
U.S.C. 334 and 1832(c), fixed) civil
money penalties as set forth in the
E:\FR\FM\14JAR1.SGM
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2008
Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Rules and Regulations
referenced statutory sections are set
forth in the table in this paragraph (b).
TABLE 1 TO PARAGRAPH (b)
Adjusted civil
money penalty
lotter on DSKBCFDHB2PROD with RULES
Statute
12 U.S.C. 324:
Inadvertently late or misleading reports, inter alia .......................................................................................................................
Other late or misleading reports, inter alia ...................................................................................................................................
Knowingly or reckless false or misleading reports, inter alia .......................................................................................................
12 U.S.C. 334 ......................................................................................................................................................................................
12 U.S.C. 374a ....................................................................................................................................................................................
12 U.S.C. 504:
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 505:
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 1464(v)(4) ...........................................................................................................................................................................
12 U.S.C. 1464(v)(5) ...........................................................................................................................................................................
12 U.S.C. 1464(v)(6) ...........................................................................................................................................................................
12 U.S.C. 1467a(i)(2) ..........................................................................................................................................................................
12 U.S.C. 1467a(i)(3) ..........................................................................................................................................................................
12 U.S.C. 1467a(r):
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 1817(j)(16):
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 1818(i)(2):
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 1820(k)(6)(A)(ii) ...................................................................................................................................................................
12 U.S.C. 1832(c) ................................................................................................................................................................................
12 U.S.C. 1847(b) ................................................................................................................................................................................
12 U.S.C. 1847(d):
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 1884 ....................................................................................................................................................................................
12 U.S.C. 1972(2)(F):
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 3110(a) ................................................................................................................................................................................
12 U.S.C. 3110(c):
First Tier .......................................................................................................................................................................................
Second Tier ..................................................................................................................................................................................
Third Tier ......................................................................................................................................................................................
12 U.S.C. 3909(d) ................................................................................................................................................................................
15 U.S.C. 78u–2(b)(1):
For a natural person .....................................................................................................................................................................
For any other person ....................................................................................................................................................................
15 U.S.C. 78u–2(b)(2):
For a natural person .....................................................................................................................................................................
For any other person ....................................................................................................................................................................
15 U.S.C. 78u–2(b)(3):
For a natural person .....................................................................................................................................................................
For any other person ....................................................................................................................................................................
15 U.S.C. 1639e(k)(1) .........................................................................................................................................................................
15 U.S.C. 1639e(k)(2) .........................................................................................................................................................................
42 U.S.C. 4012a(f)(5) ..........................................................................................................................................................................
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14JAR1
$4,098
40,979
2,048,915
297
297
10,245
51,222
2,048,915
10,245
51,222
2,048,915
4,098
40,979
2,048,915
51,222
51,222
4,098
40,979
2,048,915
10,245
51,222
2,048,915
10,245
51,222
2,048,915
337,016
2,976
51,222
4,098
40,979
2,048,915
297
10,245
51,222
2,048,915
46,825
3,747
37,458
1,872,957
2,549
9,639
96,384
96,384
481,920
192,768
963,837
11,767
23,533
2,226
Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Rules and Regulations
By order of the Board of Governors of the
Federal Reserve System, under delegated
authority, January 6, 2020.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2020–00161 Filed 1–13–20; 8:45 am]
BILLING CODE 6210–01–P
NATIONAL CREDIT UNION
ADMINISTRATION
12 CFR Part 747
RIN 3133–AF09
Civil Monetary Penalty Inflation
Adjustment
National Credit Union
Administration (NCUA).
ACTION: Final rule.
AGENCY:
The NCUA Board (Board) is
amending its regulations to adjust the
maximum amount of each civil
monetary penalty (CMP) within its
jurisdiction to account for inflation.
This action, including the amount of the
adjustments, is required under the
Federal Civil Penalties Inflation
Adjustment Act of 1990, as amended by
the Debt Collection Improvement Act of
1996 and the Federal Civil Penalties
Inflation Adjustment Act Improvements
Act of 2015.
DATES: This final rule is effective
January 14, 2020.
FOR FURTHER INFORMATION CONTACT: Gira
Bose, Staff Attorney, at 1775 Duke
Street, Alexandria, VA 22314, or
telephone: (703) 518–6562.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Legal Background
II. Calculation of Adjustments
III. Regulatory Procedures
I. Legal Background
lotter on DSKBCFDHB2PROD with RULES
A. Statutory Requirements
Every Federal agency, including the
NCUA, is required by law to adjust its
maximum CMP amounts each year to
account for inflation. Prior to this being
an annual requirement, agencies were
required to adjust their CMPs at least
once every four years.
The four-year requirement stemmed
from the Debt Collection Improvement
Act of 1996,1 which amended the
Federal Civil Penalties Inflation
Adjustment Act of 1990.2
The annual requirement stems from
the Bipartisan Budget Act of 2015,3
1 Public Law 104–134, Sec. 31001(s), 110 Stat.
1321–373 (Apr. 26, 1996). The law is codified at 28
U.S.C. 2461 note.
2 Public Law 101–410, 104 Stat. 890 (Oct. 5,
1990), codified at 28 U.S.C. 2461 note.
3 Public Law 114–74, 129 Stat. 584 (Nov. 2, 2015).
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which contains the Federal Civil
Penalties Inflation Adjustment Act
Improvements Act of 2015 (the 2015
amendments).4 This legislation
provided for an initial ‘‘catch-up’’
adjustment of CMPs in 2016, followed
by annual adjustments. The catch-up
adjustment reset CMP maximum
amounts by setting aside the inflation
adjustments that agencies made in prior
years and instead calculated inflation
with reference to the year when each
CMP was enacted or last modified by
Congress. Agencies were required to
publish their catch-up adjustments in an
interim final rule by July 1, 2016 and
make them effective by August 1, 2016.5
The NCUA complied with these
requirements in a June 2016 interim
final rule, followed by a November 2016
final rule to confirm the adjustments as
final.6
The 2015 amendments also specified
how agencies must conduct annual
inflation adjustments after the 2016
catch-up adjustment. Following the
catch-up adjustment, agencies must
make the required adjustments and
publish them in the Federal Register by
January 15 each year.7 For 2017, the
NCUA issued an interim final rule on
January 6, 2017,8 followed by a final
rule issued on June 23, 2017.9 For 2018
and 2019, the NCUA issued a final rule
in each year to satisfy the agency’s
requirement for the 2018 and 2019
annual adjustments.10 This final rule
satisfies the agency’s requirement for
the 2020 annual adjustment.
The law provides that the adjustments
shall be made notwithstanding the
section of the Administrative Procedure
Act (APA) that requires prior notice and
public comment for agency
rulemaking.11 The 2015 amendments
also specify that each CMP maximum
must be increased by the percentage by
which the consumer price index for
urban consumers (CPI–U) 12 for October
of the year immediately preceding the
year the adjustment is made exceeds the
CPI–U for October of the prior year.13
4 129
Stat. 599.
Law 114–74, Sec. 701(b)(1), 129 Stat. 584,
599 (Nov. 2, 2015).
6 81 FR 40152 (June 21, 2016); 81 FR 78028 (Nov.
7, 2016).
7 Public Law 114–74, Sec. 701(b)(1), 129 Stat. 584,
599 (Nov. 2, 2015).
8 82 FR 7640 (Jan. 23, 2017).
9 82 FR 29710 (June 30, 2017).
10 83 FR 2029 (Jan. 16, 2018); 84 FR 2055 (Feb.
6, 2019).
11 Public Law 114–74, Sec. 701(b)(1), 129 Stat.
584, 599 (Nov. 2, 2015).
12 This index is published by the Department of
Labor, Bureau of Labor Statistics, and is available
at its website: https://www.bls.gov/cpi/.
13 Public Law 114–74, Sec. 701(b)(2)(B), 129 Stat.
584, 600 (Nov. 2, 2015).
5 Public
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2009
For example, for the adjustment to be
made in 2020, an agency must compare
the October 2018 and 2019 CPI–U
figures.
An annual adjustment under the 2015
amendments is not required if a CMP
has been amended in the preceding 12
months pursuant to other authority.
Specifically, the statute provides that an
agency is not required to make an
annual adjustment to a CMP if in the
preceding 12 months it has been
increased by an amount greater than the
annual adjustment required by the 2015
amendments.14 The NCUA did not
make any adjustments in the preceding
12 months pursuant to other authority,
therefore, this rulemaking adjusts the
NCUA’s CMPs pursuant to the 2015
amendments.
B. Application to the 2020 Adjustments
and Office of Management and Budget
Guidance
This section applies the statutory
requirements and the Office of
Management and Budget’s (OMB)
guidance to the NCUA’s CMPs, and sets
forth the Board’s calculation of the 2020
adjustments.
The 2015 amendments directed OMB
to issue guidance to agencies on
implementing the inflation
adjustments.15 OMB is required to issue
its guidance each December and, with
respect to the 2020 annual adjustment,
did so on December 16, 2019.16 For
2020, Federal agencies must adjust the
maximum amounts of their CMPs by the
percentage by which the October 2019
CPI–U (257.346) exceeds the October
2018 CPI–U (252.885). The resulting
increase can be expressed as an inflation
multiplier (1.01764) to apply to each
current CMP maximum amount to
determine the adjusted maximum. The
OMB guidance also addresses
rulemaking procedures and agency
reporting and oversight requirements for
CMPs.17
The table below presents the
adjustment calculations. The current
maximums are found at 12 CFR
747.1001, as adjusted by the final rule
that the Board approved in January
2019. This amount is multiplied by the
inflation multiplier to calculate the new
maximum in the far right column. Only
these adjusted maximum amounts, and
not the calculations, will be codified at
14 Public Law 114–74, Sec. 701(b)(1), 129 Stat.
584, 600 (Nov. 2, 2015).
15 Public Law 114–74, Sec. 701(b)(4), 129 Stat.
584, 601 (Nov. 2, 2015).
16 See OMB Memorandum M–20–05,
Implementation of Penalty Inflation Adjustments
for 2020, pursuant to the 2015 amendments (Dec.
16, 2019).
17 Id.
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]]>Agencies
[Federal Register Volume 85, Number 9 (Tuesday, January 14, 2020)]
[Rules and Regulations]
[Pages 2007-2009]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00161]
========================================================================
Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
========================================================================
Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Rules
and Regulations
[[Page 2007]]
FEDERAL RESERVE SYSTEM
12 CFR Part 263
[Docket No. R-1693]
RIN 7100AF-69
Rules of Practice for Hearings
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (the
``Board'') is issuing a final rule amending its rules of practice and
procedure to adjust the amount of each civil money penalty (``CMP'')
provided by law within its jurisdiction to account for inflation as
required by the Federal Civil Penalties Inflation Adjustment Act
Improvements Act of 2015.
DATES: This final rule is effective on January 14, 2020.
FOR FURTHER INFORMATION CONTACT: Thomas O. Kelly, Senior Counsel (202-
974-7059), Legal Division, Board of Governors of the Federal Reserve
System, 20th Street and Constitution Ave. NW, Washington, DC 20551. For
users of Telecommunication Device for the Deaf (TDD) only, contact 202-
263-4869.
SUPPLEMENTARY INFORMATION:
Federal Civil Penalties Inflation Adjustment Act
The Federal Civil Penalties Inflation Adjustment Act of 1990, 28
U.S.C. 2461 note (``FCPIA Act''), requires Federal agencies to adjust,
by regulation, the CMPs within their jurisdiction to account for
inflation. The Federal Civil Penalties Inflation Adjustment Act
Improvements Act of 2015 (the ``2015 Act'') \1\ amended the FCPIA Act
to require Federal agencies to make annual adjustments not later than
January 15 of every year.\2\ The Board is now issuing a new final rule
to set the CMP levels pursuant to the required annual adjustment for
2020. The Board will apply these adjusted maximum penalty levels to any
penalties assessed on or after January 14, 2020, whose associated
violations occurred on or after November 2, 2015. Penalties assessed
for violations occurring prior to November 2, 2015 will be subject to
the amounts set in the Board's 2012 adjustment pursuant to the FCPIA
Act.\3\
---------------------------------------------------------------------------
\1\ Public Law 114-74, 129 Stat. 599 (2015) (codified at 28
U.S.C. 2461 note).
\2\ 28 U.S.C. 2461 note, sec. 4(b)(1).
\3\ 77 FR 68680 (Nov. 16, 2012).
---------------------------------------------------------------------------
Under the 2015 Act, the annual adjustment to be made for 2020 is
the percentage by which the Consumer Price Index for the month of
October 2019 exceeds the Consumer Price Index for the month of October
2018. On December 16, 2019, as directed by the 2015 Act, the Office of
Management and Budget (OMB) issued guidance to affected agencies on
implementing the required annual adjustment which included the relevant
inflation multiplier.\4\ Using OMB's multiplier, the Board calculated
the adjusted penalties for its CMPs, rounding the penalties to the
nearest dollar.\5\
---------------------------------------------------------------------------
\4\ OMB Memorandum M-20-05, Implementation of Penalty Inflation
Adjustments for 2020, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015 (Dec. 16, 2019).
\5\ Under the 2015 Act and implementing OMB guidance, agencies
are not required to make an adjustment to a CMP if, during the 12
months preceding the required adjustment, such penalty increased due
to a law other than the 2015 Act by an amount greater than the
amount of the required adjustment. No other laws have adjusted the
CMPs within the Board's jurisdiction during the preceding 12 months.
---------------------------------------------------------------------------
Administrative Procedure Act
The 2015 Act states that agencies shall make the annual adjustment
``notwithstanding section 553 of title 5, United States Code.''
Therefore, this rule is not subject to the provisions of the
Administrative Procedure Act (the ``APA''), 5 U.S.C. 553, requiring
notice, public participation, and a deferred effective date.
Regulatory Flexibility Act
The Regulatory Flexibility Act, 5 U.S.C. 601 et seq., requires a
regulatory flexibility analysis only for rules for which an agency is
required to publish a general notice of proposed rulemaking. Because
the 2015 Act states that agencies' annual adjustments are to be made
notwithstanding section 553 of title 5 of United States Code--the APA
section requiring notice of proposed rulemaking--the Board is not
publishing a notice of proposed rulemaking. Therefore, the Regulatory
Flexibility Act does not apply.
Paperwork Reduction Act
There is no collection of information required by this final rule
that would be subject to the Paperwork Reduction Act of 1995, 44 U.S.C.
3501 et seq.
List of Subjects in 12 CFR Part 263
Administrative practice and procedure, Claims, Crime, Equal access
to justice, Lawyers, Penalties.
Authority and Issuance
For the reasons set forth in the preamble, the Board amends 12 CFR
part 263 to read as follows:
PART 263--RULES OF PRACTICE FOR HEARINGS
0
1. The authority citation for part 263 continues to read as follows:
Authority: 5 U.S.C. 504, 554-557; 12 U.S.C. 248, 324, 334, 347a,
504, 505, 1464, 1467, 1467a, 1817(j), 1818, 1820(k), 1829, 1831o,
1831p-1, 1832(c), 1847(b), 1847(d), 1884, 1972(2)(F), 3105, 3108,
3110, 3349, 3907, 3909(d), 4717; 15 U.S.C. 21, 78l(i), 78o-4, 78o-5,
78u-2; 1639e(k); 28 U.S.C. 2461 note; 31 U.S.C. 5321; and 42 U.S.C.
4012a.
0
2. Section 263.65 is revised to read as follows:
Sec. 263.65 Civil money penalty inflation adjustments.
(a) Inflation adjustments. In accordance with the Federal Civil
Penalties Inflation Adjustment Act Improvements Act of 2015, which
further amended the Federal Civil Penalties Inflation Adjustment Act of
1990, the Board has set forth in paragraph (b) of this section the
adjusted maximum amounts for each civil money penalty provided by law
within the Board's jurisdiction. The authorizing statutes contain the
complete provisions under which the Board may seek a civil money
penalty. The adjusted civil money penalties apply only to penalties
assessed on or after January 14, 2020, whose associated violations
occurred on or after November 2, 2015.
(b) Maximum civil money penalties. The maximum (or, in the cases of
12 U.S.C. 334 and 1832(c), fixed) civil money penalties as set forth in
the
[[Page 2008]]
referenced statutory sections are set forth in the table in this
paragraph (b).
Table 1 to Paragraph (b)
------------------------------------------------------------------------
Adjusted civil
Statute money penalty
------------------------------------------------------------------------
12 U.S.C. 324:
Inadvertently late or misleading reports, inter alia $4,098
Other late or misleading reports, inter alia........ 40,979
Knowingly or reckless false or misleading reports, 2,048,915
inter alia.........................................
12 U.S.C. 334........................................... 297
12 U.S.C. 374a.......................................... 297
12 U.S.C. 504:
First Tier.......................................... 10,245
Second Tier......................................... 51,222
Third Tier.......................................... 2,048,915
12 U.S.C. 505:
First Tier.......................................... 10,245
Second Tier......................................... 51,222
Third Tier.......................................... 2,048,915
12 U.S.C. 1464(v)(4).................................... 4,098
12 U.S.C. 1464(v)(5).................................... 40,979
12 U.S.C. 1464(v)(6).................................... 2,048,915
12 U.S.C. 1467a(i)(2)................................... 51,222
12 U.S.C. 1467a(i)(3)................................... 51,222
12 U.S.C. 1467a(r):
First Tier.......................................... 4,098
Second Tier......................................... 40,979
Third Tier.......................................... 2,048,915
12 U.S.C. 1817(j)(16):
First Tier.......................................... 10,245
Second Tier......................................... 51,222
Third Tier.......................................... 2,048,915
12 U.S.C. 1818(i)(2):
First Tier.......................................... 10,245
Second Tier......................................... 51,222
Third Tier.......................................... 2,048,915
12 U.S.C. 1820(k)(6)(A)(ii)............................. 337,016
12 U.S.C. 1832(c)....................................... 2,976
12 U.S.C. 1847(b)....................................... 51,222
12 U.S.C. 1847(d):
First Tier.......................................... 4,098
Second Tier......................................... 40,979
Third Tier.......................................... 2,048,915
12 U.S.C. 1884.......................................... 297
12 U.S.C. 1972(2)(F):
First Tier.......................................... 10,245
Second Tier......................................... 51,222
Third Tier.......................................... 2,048,915
12 U.S.C. 3110(a)....................................... 46,825
12 U.S.C. 3110(c):
First Tier.......................................... 3,747
Second Tier......................................... 37,458
Third Tier.......................................... 1,872,957
12 U.S.C. 3909(d)....................................... 2,549
15 U.S.C. 78u-2(b)(1):
For a natural person................................ 9,639
For any other person................................ 96,384
15 U.S.C. 78u-2(b)(2):
For a natural person................................ 96,384
For any other person................................ 481,920
15 U.S.C. 78u-2(b)(3):
For a natural person................................ 192,768
For any other person................................ 963,837
15 U.S.C. 1639e(k)(1)................................... 11,767
15 U.S.C. 1639e(k)(2)................................... 23,533
42 U.S.C. 4012a(f)(5)................................... 2,226
------------------------------------------------------------------------
[[Page 2009]]
By order of the Board of Governors of the Federal Reserve
System, under delegated authority, January 6, 2020.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2020-00161 Filed 1-13-20; 8:45 am]
BILLING CODE 6210-01-P
