Rules of Practice for Hearings, 2312-2314 [2022-00592]
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2312
Federal Register / Vol. 87, No. 10 / Friday, January 14, 2022 / Rules and Regulations
is not subject to the requirements of the
Paperwork Reduction Act of 1995.
PART 13—PROGRAM FRAUD CIVIL
REMEDIES
XI. Congressional Review Act
■
This final rule is a rule as defined in
the Congressional Review Act (5 U.S.C.
801–808). However, the Office of
Management and Budget has not found
it to be a major rule as defined in the
Congressional Review Act.
Authority: 31 U.S.C. 3801 through 3812;
44 U.S.C. 3504 note.
List of Subjects
Section 13.3 also issued under 28
U.S.C. 2461 note.
Section 13.13 also issued under 31
U.S.C. 3730.
10 CFR Part 2
§ 13.3
Administrative practice and
procedure, Antitrust, Byproduct
material, Classified information,
Confidential business information,
Freedom of information, Environmental
protection, Hazardous waste, Nuclear
energy, Nuclear materials, Nuclear
power plants and reactors, Penalties,
Reporting and recordkeeping
requirements, Sex discrimination,
Source material, Special nuclear
material, Waste treatment and disposal.
[Amended]
4. In § 13.3, amend paragraphs
(a)(1)(iv) and (b)(1)(ii) by removing the
amount ‘‘$11,803’’ and adding in its
place the amount ‘‘$12,537’’.
■
Dated: December 22, 2021.
For the Nuclear Regulatory Commission.
Daniel H. Dorman,
Executive Director for Operations.
[FR Doc. 2022–00010 Filed 1–13–22; 8:45 am]
BILLING CODE 7590–01–P
10 CFR Part 13
FEDERAL RESERVE SYSTEM
Administrative practice and
procedure, Claims, Fraud, Organization
and function (Government agencies),
Penalties.
For the reasons set out in the
preamble and under the authority of the
Atomic Energy Act of 1954, as amended;
the Energy Reorganization Act of 1974,
as amended; 28 U.S.C. 2461 note; and 5
U.S.C. 552 and 553, the NRC is adopting
the following amendments to 10 CFR
parts 2 and 13:
12 CFR Part 263
PART 2—AGENCY RULES OF
PRACTICE AND PROCEDURE
1. The authority citation for part 2
continues to read as follows:
■
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3. The authority citation for part 13
continues to read as follows:
Authority: Atomic Energy Act of 1954,
secs. 29, 53, 62, 63, 81, 102, 103, 104, 105,
161, 181, 182, 183, 184, 186, 189, 191, 234
(42 U.S.C. 2039, 2073, 2092, 2093, 2111,
2132, 2133, 2134, 2135, 2201, 2231, 2232,
2233, 2234, 2236, 2239, 2241, 2282); Energy
Reorganization Act of 1974, secs. 201, 206
(42 U.S.C. 5841, 5846); Nuclear Waste Policy
Act of 1982, secs. 114(f), 134, 135, 141 (42
U.S.C. 10134(f), 10154, 10155, 10161);
Administrative Procedure Act (5 U.S.C. 552,
553, 554, 557, 558); National Environmental
Policy Act of 1969 (42 U.S.C. 4332); 44 U.S.C.
3504 note.
Section 2.205(j) also issued under 28
U.S.C. 2461 note.
§ 2.205
[Amended]
2. In § 2.205, amend paragraph (j) by
removing the amount ‘‘$307,058’’ and
adding in its place the amount
‘‘$326,163’’.
■
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[Docket No. R–1759]
RIN 7100–AG22
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, 2022.
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. You
may also contact us at https://
www.federalreserve.gov/apps/
ContactUs/feedback.aspx, choose Staff
Group: Regulations.
SUPPLEMENTARY INFORMATION:
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
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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 2022. The Board will
apply these adjusted maximum penalty
levels to any penalties assessed on or
after January 14, 2022, 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 2022 is the
percentage by which the Consumer
Price Index for the month of October
2021 exceeds the Consumer Price Index
for the month of October 2020. On
December 15, 2021, 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 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
1 Public Law 114–74, 129 Stat. 599 (2015)
(codified at 28 U.S.C. 2461 note).
2 28 U.S.C. 2461 note, section 4(b)(1).
3 77 FR 68680 (Nov. 16, 2012).
4 OMB Memorandum M–22–07, Implementation
of Penalty Inflation Adjustments for 2022, Pursuant
to the Federal Civil Penalties Inflation Adjustment
Act Improvements Act of 2015 (Dec. 15, 2021).
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.
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Federal Register / Vol. 87, No. 10 / Friday, January 14, 2022 / Rules and Regulations
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 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
2313
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, 2022, 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
referenced statutory sections are set
forth in the table in this paragraph (b).
TABLE 1 TO PARAGRAPH (b)
Adjusted civil
money penalty
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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 ..................................................................................................................................................................................
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$4,404
44,043
2,202,123
320
320
11,011
55,052
2,202,123
11,011
55,052
2,202,123
4,404
44,043
2,202,123
55,052
55,052
4,404
44,043
2,202,123
11,011
55,052
2,202,123
11,011
55,052
2,202,123
362,217
3,198
55,052
4,404
44,043
2,202,123
320
11,011
55,052
2314
Federal Register / Vol. 87, No. 10 / Friday, January 14, 2022 / Rules and Regulations
TABLE 1 TO PARAGRAPH (b)—Continued
Adjusted civil
money penalty
Statute
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) ..........................................................................................................................................................................
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary of the Board under delegated
authority.
Ann Misback,
Secretary of the Board.
[FR Doc. 2022–00592 Filed 1–13–22; 8:45 am]
BILLING CODE 6210–01–P
BUREAU OF CONSUMER FINANCIAL
PROTECTION
12 CFR Part 1083
Civil Penalty Inflation Adjustments
Bureau of Consumer Financial
Protection.
ACTION: Final rule.
AGENCY:
The Bureau of Consumer
Financial Protection (Bureau) is
adjusting for inflation the maximum
amount of each civil penalty within the
Bureau’s jurisdiction. These
adjustments are required by the Federal
Civil Penalties Inflation Adjustment Act
of 1990, as amended by the Debt
Collection Improvement Act of 1996
and further amended by the Federal
Civil Penalties Inflation Adjustment Act
Improvements Act of 2015 (Inflation
Adjustment Act). The inflation
adjustments mandated by the Inflation
Adjustment Act serve to maintain the
deterrent effect of civil penalties and to
promote compliance with the law.
DATES: This final rule is effective
January 15, 2022.
FOR FURTHER INFORMATION CONTACT:
Willie Williams, Paralegal Specialist;
Lanique Eubanks, Senior Counsel,
Office of Regulations, at (202) 435–7700.
If you require this document in an
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SUMMARY:
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alternative electronic format, please
contact CFPB_Accessibility@cfpb.gov.
SUPPLEMENTARY INFORMATION:
I. Background
The Federal Civil Penalties Inflation
Adjustment Act of 1990,1 as amended
by the Debt Collection Improvement Act
of 1996 2 and further amended by the
Federal Civil Penalties Inflation
Adjustment Act Improvements Act of
2015 (Inflation Adjustment Act),3
directs Federal agencies to adjust for
inflation the civil penalty amounts
within their jurisdiction not later than
July 1, 2016, and then not later than
January 15 every year thereafter.4 Each
agency was required to make the 2016
one-time catch-up adjustments through
an interim final rule published in the
Federal Register. On June 14, 2016, the
Bureau published its interim final rule
(IFR) to make the initial catch-up
adjustments to civil penalties within the
Bureau’s jurisdiction.5 The June 2016
IFR created a new part 1083 and in
1083.1 established the inflation-adjusted
maximum amounts for each civil
penalty within the Bureau’s
1 Public
Law 101–410, 104 Stat. 890.
Law 104–134, sec. 31001(s)(1), 110 Stat.
1321, 1321–373.
3 Public Law 114–74, sec. 701, 129 Stat. 584, 599.
4 Section 1301(a) of the Federal Reports
Elimination Act of 1998, Public Law 105–362, 112
Stat. 3293, also amended the Inflation Adjustment
Act by striking section 6, which contained annual
reporting requirements, and redesignating section 7
as section 6, but did not alter the civil penalty
adjustment requirements; 28 U.S.C. 2461 note.
5 81 FR 38569 (June 14, 2016). Although the
Bureau was not obligated to solicit comments for
the interim final rule, the Bureau invited public
comment and received none.
2 Public
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2,202,123
50,326
4,027
40,259
2,013,008
2,739
10,360
103,591
103,591
517,955
207,183
1,035,909
12,647
25,293
2,392
jurisdiction.6 The Bureau finalized the
IFR on January 31, 2019.7
The Inflation Adjustment Act also
requires subsequent adjustments to be
made annually, not later than January
15, and notwithstanding section 553 of
the Administrative Procedure Act
(APA).8 The Bureau annually adjusted
its civil penalty amounts, as required by
the Act, through rules issued in January
2017, January 2018, January 2019,
January 2020, and January 2021.9
Specifically, the Act directs Federal
agencies to adjust annually each civil
penalty provided by law within the
jurisdiction of the agency by the ‘‘costof-living adjustment.’’ 10 The ‘‘cost-ofliving adjustment’’ is defined as the
percentage (if any) by which the
Consumer Price Index for all-urban
consumers (CPI–U) for the month of
October preceding the date of the
adjustment, exceeds the CPI–U for
6 See
12 CFR 1083.1.
FR 517 (Jan. 31, 2019).
8 Inflation Adjustment Act section 4, codified at
28 U.S.C. 2461 note. As discussed in guidance
issued by the Director of the Office of Management
and Budget (OMB), the APA generally requires
notice, an opportunity for comment, and a delay in
effective date for certain rulemakings, but the
Inflation Adjustment Act provides that these
procedures are not required for agencies to issue
regulations implementing the annual adjustment.
See Memorandum for the Heads of Exec. Dep’ts &
Agencies from Shalanda D. Young, Acting Director,
Implementation of Penalty Inflation Adjustments
for 2022, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of
2015, Off. of Mgmt. & Budget (Dec. 15, 2021),
available at https://www.whitehouse.gov/wpcontent/uploads/2021/12/M-22-07.pdf.
9 82 FR 3601 (Jan. 12, 2017); 83 FR 1525 (Jan. 12,
2018); 84 FR 517 (Jan. 31, 2019); 85 FR 2012 (Jan.
14, 2020); 86 FR 3767 (Jan. 15, 2021).
10 Inflation Adjustment Act sections 4 and 5,
codified at 28 U.S.C. 2461 note.
7 84
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]]>Agencies
[Federal Register Volume 87, Number 10 (Friday, January 14, 2022)]
[Rules and Regulations]
[Pages 2312-2314]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00592]
=======================================================================
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FEDERAL RESERVE SYSTEM
12 CFR Part 263
[Docket No. R-1759]
RIN 7100-AG22
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, 2022.
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. You
may also contact us at https://www.federalreserve.gov/apps/ContactUs/feedback.aspx, choose Staff Group: Regulations.
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
2022. The Board will apply these adjusted maximum penalty levels to any
penalties assessed on or after January 14, 2022, 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, section 4(b)(1).
\3\ 77 FR 68680 (Nov. 16, 2012).
---------------------------------------------------------------------------
Under the 2015 Act, the annual adjustment to be made for 2022 is
the percentage by which the Consumer Price Index for the month of
October 2021 exceeds the Consumer Price Index for the month of October
2020. On December 15, 2021, 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-22-07, Implementation of Penalty Inflation
Adjustments for 2022, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015 (Dec. 15, 2021).
\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 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
[[Page 2313]]
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 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, 2022, 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 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 $4,404
Other late or misleading reports, inter alia........ 44,043
Knowingly or reckless false or misleading reports, 2,202,123
inter alia.........................................
12 U.S.C. 334........................................... 320
12 U.S.C. 374a.......................................... 320
12 U.S.C. 504:
First Tier.......................................... 11,011
Second Tier......................................... 55,052
Third Tier.......................................... 2,202,123
12 U.S.C. 505:
First Tier.......................................... 11,011
Second Tier......................................... 55,052
Third Tier.......................................... 2,202,123
12 U.S.C. 1464(v)(4).................................... 4,404
12 U.S.C. 1464(v)(5).................................... 44,043
12 U.S.C. 1464(v)(6).................................... 2,202,123
12 U.S.C. 1467a(i)(2)................................... 55,052
12 U.S.C. 1467a(i)(3)................................... 55,052
12 U.S.C. 1467a(r):
First Tier.......................................... 4,404
Second Tier......................................... 44,043
Third Tier.......................................... 2,202,123
12 U.S.C. 1817(j)(16):
First Tier.......................................... 11,011
Second Tier......................................... 55,052
Third Tier.......................................... 2,202,123
12 U.S.C. 1818(i)(2):
First Tier.......................................... 11,011
Second Tier......................................... 55,052
Third Tier.......................................... 2,202,123
12 U.S.C. 1820(k)(6)(A)(ii)............................. 362,217
12 U.S.C. 1832(c)....................................... 3,198
12 U.S.C. 1847(b)....................................... 55,052
12 U.S.C. 1847(d):
First Tier.......................................... 4,404
Second Tier......................................... 44,043
Third Tier.......................................... 2,202,123
12 U.S.C. 1884.......................................... 320
12 U.S.C. 1972(2)(F):
First Tier.......................................... 11,011
Second Tier......................................... 55,052
[[Page 2314]]
Third Tier.......................................... 2,202,123
12 U.S.C. 3110(a)....................................... 50,326
12 U.S.C. 3110(c):
First Tier.......................................... 4,027
Second Tier......................................... 40,259
Third Tier.......................................... 2,013,008
12 U.S.C. 3909(d)....................................... 2,739
15 U.S.C. 78u-2(b)(1):
For a natural person................................ 10,360
For any other person................................ 103,591
15 U.S.C. 78u-2(b)(2):
For a natural person................................ 103,591
For any other person................................ 517,955
15 U.S.C. 78u-2(b)(3):
For a natural person................................ 207,183
For any other person................................ 1,035,909
15 U.S.C. 1639e(k)(1)................................... 12,647
15 U.S.C. 1639e(k)(2)................................... 25,293
42 U.S.C. 4012a(f)(5)................................... 2,392
------------------------------------------------------------------------
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority.
Ann Misback,
Secretary of the Board.
[FR Doc. 2022-00592 Filed 1-13-22; 8:45 am]
BILLING CODE 6210-01-P
