Banking and Finance Law Daily Wrap Up, ENFORCEMENT ACTIONS—Fed, CFPB adjust civil money penalty amounts for 2022, (Jan 13, 2022)

By Charles A. Menke, J.D.

The agencies issued notices listing adjusted CMP amounts for violations within their respective jurisdictions.

The Federal Reserve Board and Consumer Financial Protection Bureau have each adopted final rules adjusting civil money penalty (CMP) maximums for 2022. The Federal Civil Penalties Inflation Adjustment Act Improv ...