📈2025 Update
Civil Monetary Penalty Inflation Adjustment
Summary
The NCUA Board (Board) is amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation. This action, including the amount of the adjustments, is required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
Agencies
- National Credit Union Administration
Business Impact
$$ - Med
This regulation updates the maximum civil monetary penalties (CMPs) for credit unions effective January 15, 2025, which directly impacts compliance costs and potential financial liabilities for businesses in this sector. The adjustments are mandatory under the Federal Civil Penalties Inflation Adjustment Act, ensuring that businesses must account for increased penalties associated with violations.