Regulatory Alerts2025-01-13 | 2025-00419Rules of Practice for Hearings
The Board of Governors of the Federal Reserve System issued a final rule amending 12 CFR Part 263 to adjust civil money penalties for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule establishes the maximum penalty amounts applicable to violations occurring on or after November 2, 2015, with penalties assessed on or after January 13, 2025. The Board determined that these annual adjustments are exempt from the notice-and-comment requirements of the Administrative Procedure Act and the Regulatory Flexibility Act.
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