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NCUA adjusts CMPs

Mon, Sep 28, 2015

Alexandria, Virginia

The National Credit Union Administration has published a final rule amending its regulations at 12 CFR Parts 740, 741, 747 and 796, to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation, as required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996. The amendments are effective upon publication, on September 23, 2015.