civil penalties

CFPB publishes final rules on civil penalty adjustments and allowable charges for FCRA disclosures

By Barbara S. Mishkin on January 31, 2019

Posted in CFPB Enforcement, Credit Reports, Regulatory and Enforcement

The CFPB has published two final rules in today’s Federal Register, one dealing with civil penalty adjustments and the other with allowable charges for FCRA disclosures. Both rules are effective immediately.

Civil penalty adjustments. The CFPB’s final rule finalizes an interim final rule (IFR) it published in November 2016 to create 12 C.F.R.… Continue Reading

CFPB proposes to issue final rule on annual civil penalty adjustments

By Barbara S. Mishkin on October 15, 2018

Posted in CFPB Enforcement, Regulatory and Enforcement

The CFPB is proposing to issue a final rule on annual adjustments to the civil penalties within its jurisdiction. Comments on the proposal must be received by November 13, 2018.

In November 2016, the CFPB published an interim final rule (IFR) to create 12 C.F.R. Part 1083 which sets forth the penalty amounts as adjusted annually. … Continue Reading