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FDIC | RIN: 3064-AE75 | Publication ID: Fall 2018 |
Title: ●Rules of Practice and Procedure | |
Abstract:
The Federal Deposit Insurance Corporation (FDIC) proposes to amend its rules of practice and procedure under 12 CFR part 308 to (1) Remove most of the duplicative descriptive language related to civil money penalty (CMP) amounts that is similar to current statutory language, (2) codify in the FDIC’s regulations the mandatory statutory formula for inflation adjustments to maximum CMP amounts, and (3) direct readers to the Federal Register rather than the Code of Federal Regulations (CFR) for future annual adjustments to maximum CMP amounts due to inflation. These revisions are intended to simplify the text of the CFR by removing unnecessary and redundant text and to make it easier for readers to locate the current maximum CMP amounts by presenting these amounts as a chart. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Routine and Frequent |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 308.116(b) 12 CFR 308.116 12 CFR 308.132 12 CFR 308.132(d)(5)-(d)(18) 12 CFR 308.502(a)(6) 12 CFR 308.502(b)(4) 12 CFR 308.530(d) 12 CFR 327.3(c) | |
Legal Authority: 5 U.S.C. 504 5 U.S.C. 554 to 557 12 U.S.C. 93(b) 12 U.S.C. 164 12 U.S.C. 505 ... |
Legal Deadline:
None |
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Timetable:
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Additional Information: Email: comments@fdic.gov. Please include RIN 3064-AE75 in the subject line of the email. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fdic.gov/regulations/laws/federal/ | Public Comment URL: www.fdic.gov/regulations/laws/federal/ |
RIN Data Printed in the FR: No | |
Agency Contact: Graham N. Rehrig Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3829 Email: grehrig@fdic.gov Sydney Mayer Attorney Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20459 Phone:202 898-3669 Email: smayer@fdic.gov |