💼FHFA Final Rule on Civil Money Penalties and Inflation Adjustments
Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustment
Summary
The Federal Housing Finance Agency (FHFA) is adopting this final rule amending its Rules of Practice and Procedure and other agency regulations to adjust each civil money penalty within its jurisdiction to account for inflation, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
Agencies
- Federal Housing Finance Agency
Business Impact
$$ - Med
The final rule from FHFA adjusts civil money penalties to account for inflation, with specific increases outlined for businesses under its jurisdiction. This directly impacts compliance costs for regulated entities and affiliated parties from January 15, 2025. Businesses must ensure adherence to updated penalties to avoid increased financial liabilities.