FDIC CIVIL PENALTY INFLATION ADJUSTMENTS

On January 12, 2018 the Federal Deposit Insurance Corporation (FDIC) published a notice that sets the annual adjustments to the maximum amount of each civil penalty applicable to financial institutions within the FDIC’s jurisdiction. The adjustments, required by the Federal Civil Penalties Inflation Adjustment Act of 1990, serve to maintain the deterrent effect of civil penalties and to promote compliance with the law.

The FDIC Civil Monetary Penalty Amount Table is available at:  https://www.jackscomplianceresource.com/fdic-civil-monetary-penalty-amounts/

A copy of the final rule is available at:  https://www.federalregister.gov/documents/2018/01/12/2018-00403/rules-of-practice-and-procedure

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