News & Analysis as of

Inflation Adjustments Civil Monetary Penalty Office of the Comptroller of the Currency

Orrick, Herrington & Sutcliffe LLP

Agencies adjust civil money penalties for 2024

Recently, the CFPB, NCUA, FDIC, FTC, and OCC provided notice in the Federal Register of adjustments to the maximum civil money penalties due to inflation pursuant to the Federal Civil Penalties Inflation Adjustment Act of...more

Hudson Cook, LLP

Current Developments in Bank Deposits and Payment Systems (Spring 2020)

Hudson Cook, LLP on

This survey summarizes several recent developments affecting bank deposits and payment systems. These include payments-related consent orders and enforcement actions by the Consumer Financial Protection Bureau (“CFPB”) and...more

Orrick - Finance 20/20

Civil Money Penalties: Notice Adjusting Civil Money Penalties for 2018

Orrick - Finance 20/20 on

On January 16, 2018, the Office of the Comptroller of the Currency announced that it had finalized its rule about maximum civil money penalties. This action was taken in response to a law that directed federal agencies to...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - Class Action Against Lending Club and WebBank Headed to Defeat - On Monday, January 31, 2017, a federal district court in the Southern District of New York granted a motion to...more

Orrick - Finance 20/20

The OCC Publishes Final Rule Adjusting Civil Money Penalties for Inflation

On January 27, 2017, the Office of the Comptroller of the Currency (the “OCC“) published a final rule amending its rules of practice and procedure for national banks and in adjudicatory proceedings for federal savings...more

Orrick - Finance 20/20

Interim Final Rule Regarding Inflation-Adjusted Civil Money Penalties

Orrick - Finance 20/20 on

On July 1, 2016, the Office of the Comptroller of the Currency (OCC) published an interim final rule that amends its rules of practice for national banks and federal savings associations to adjust the maximum amount of each...more

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