3170-AA62 201804 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 was required to publish by interim final rule, a catch-up inflation adjustment, which was required to take effect by August 1, 2016. This rule adjusts the civil penalty amounts within the CFPB’s jurisdiction in accordance with that statutory requirement.

]]> Info./Admin./Other Previously Published in The Unified Agenda Long-Term Actions No No Independent agency 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 Next Action Undetermined To Be Determined No None No No No Monique Chenault Office of Regulations 3170 Consumer Financial Protection Bureau CFPB 202 435-7700