3170-AA62 201610 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3170 Consumer Financial Protection Bureau CFPB Civil Penalty Inflation Adjustment Rule

On November 2, 2015, the President signed into law the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which further amended the Federal Civil Penalties Inflation Adjustment Act of 1990, to improve the effectiveness of civil monetary penalties and to maintain their deterrent effect. Under the Act, each Federal agency is now required to publish by interim final rule, a catch-up inflation adjustment, which shall be effective by August 1, 2016. This rule will adjust the civil penalty amounts within the CFPB’s jurisdiction in accordance with that statutory requirement.

]]> Info./Admin./Other Previously Published in The Unified Agenda Final Rule Stage No No 12 CFR 1083 28 U.S.C. 2461 note Statutory Other 07/01/2016 Interim Final Rule No Interim Final Rule 06/14/2016 81 FR 38569 Interim Final Rule Comment Period End 07/14/2016 Interim Final Rule Effective 07/14/2016 Final Rule 01/00/2017 No None No No No Kristin Bateman Legal Division 3170 Consumer Financial Protection Bureau CFPB 202 435-7700