OCC CIVIL PENALTY INFLATION ADJUSTMENTS

On January 12, 2018 the Office of the Comptroller of the Currency (OCC) published a notice that sets the annual adjustments to the maximum amount of each civil penalty applicable to National Banks and Federal Savings Associations within the OCC’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 OCC (for National Banks)Civil Monetary Penalty Amount Table is available at: https://www.jackscomplianceresource.com/occ-civil-monetary-penalty-amounts-for-national-banks/

The OCC (for Federal Savings Associations) Civil Monetary Penalty Amount Table is available at: https://www.jackscomplianceresource.com/occ-civil-monetary-penalty-amounts-for-federal-savings-associations/

A copy of the final rule is available at:  https://www.federalregister.gov/documents/2018/01/12/2018-00521/notice-of-inflation-adjustments-for-civil-money-penalties

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