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Regulatory Compliance, Financial Impact 13 Jan 2025 compliance, business regulation, federal reserve, administrative practice and procedure, inflation adjustment, penalties, claims, civil money penalties, lawyers, equal access to justice, crime

💼Federal Reserve Updates Civil Money Penalties for Inflation in 2025

The Board of Governors of the Federal Reserve System (the "Board") is issuing a final rule amending its rules of practice and procedure to adjust the amount of each civil money penalty ("CMP") provided by law within its jurisdiction to account for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.

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Compliance, Regulatory Requirements 10 Jan 2025 compliance, agriculture, usda, administrative practice and procedure, privacy act, claims, business regulations, freedom of information, privacy, data protection, antitrust, concessions, federal buildings and facilities, cooperatives, lawyers, blind, equal access to justice

🔒USDA Revises Privacy Act Regulations Affecting Business Compliance

The U.S. Department of Agriculture (USDA) is amending its Privacy Act regulations to exempt a system of records, Smuggling Interdiction and Trade Compliance (SITC) National Information Communication Activity System (SNICAS), USDA/APHIS-21, from certain provisions of the Privacy Act. USDA is further amending its Privacy Act regulations to reflect an administrative change to the list of system of records that are exempt from certain provisions of the Privacy Act.

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