📈Inflation Adjustments to Civil Money Penalties - FCA 2025
Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
Summary
This regulation implements inflation adjustments to civil money penalties (CMPs) that the Farm Credit Administration (FCA) may impose or enforce pursuant to the Farm Credit Act of 1971, as amended (Farm Credit Act), and pursuant to the Flood Disaster Protection Act of 1973, as amended by the National Flood Insurance Reform Act of 1994, and further amended by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) (collectively FDPA, as amended).
Agencies
- Farm Credit Administration
Business Impact
$$ - Med
The regulation adjusts civil monetary penalties (CMPs) due to inflation, affecting compliance and financial obligations for businesses regulated by the Farm Credit Administration. Specific penalties will increase in 2025, altering potential cost implications for violations, making it crucial for businesses to stay compliant to avoid higher fines.