The Office of the Comptroller of the Currency (OCC) issued today its Policies and Procedures Manual (PPM) for enforcement actions against institution-affiliated parties (IAP) of national banks, federal savings associations, and federal branches and agencies of foreign banks (collectively, banks). This PPM generally sets forth the OCC’s existing policies and procedures for taking enforcement actions against a current or former IAP in response to violations of laws, regulations, final agency ord... Read More
On January 12, 2018, the Office of the Comptroller of the Currency (OCC) published in the Federal Register the attached notice to adjust the maximum amount of each civil money penalty (CMP) within its jurisdiction, pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (2015 Adjustment Act). The adjusted maximum penalties are effective immediately for violations occurring on or after November 2, 2015. The OCC is also publishing a technical amendment rule to rem... Read More
This bulletin was rescinded by OCC Bulletin 2018-01, Civil Money Penalties: Notice Adjusting Civil Money Penalties for 2018, issued on Jan 16, 2018.
On January 27, 2017, the Office of the Comptroller of the Currency (OCC) published in the Federal Register the attached final rule amending its rules of practice and procedure for national banks (12 CFR 19) and federal savings associations (12 CFR 109) to adjust the maximum amount of each civil money penalty (CMP) within its jurisdiction, pursuan... Read More
The Bureau of Consumer Financial Protection (Bureau) promulgated this section to publish the maximum amount of civil penalty it can impose within its jurisdiction. The penalty amounts are adjusted annually in accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and further amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, (28 U.S.C. 2461 note)... Read More
This advisory is being sent to remind national banks that civil money penalties (CMP) may be assessed for violations of the data collection and reporting requirements of the Home Mortgage Disclosure Act (HMDA).
It is the policy of the Office of the Comptroller of the Currency to consider assessing a CMP against a national bank whenever a bank submits a delinquent or inaccurate Home Mortgage Disclosure Act Loan Application Register. In determining the appropriateness of the penalty, the Comptr... Read More