CFPB CMPs Inflation Adjustments

The CFPB is adjusting for inflation the maximum amount of each civil penalty within the Bureau’s jurisdiction.   The adjusted penalty amounts are effective January 15, 2017.

Law Penalty description Current penalty amounts New penalty amount
Consumer Financial Protection Act, 12 U.S.C. 5565(c)(2)(A) Tier 1 penalty

$5,437

$5,526

Consumer Financial Protection Act, 12 U.S.C. 5565(c)(2)(B) Tier 2 penalty

27,186

27,631

Consumer Financial Protection Act, 12 U.S.C. 5565(c)(2)(C) Tier 3 penalty

1,087,450

1,105,241

Interstate Land Sales Full Disclosure Act, 15 U.S.C. 1717a(a)(2) Per violation

1,894

1,925

Interstate Land Sales Full Disclosure Act, 15 U.S.C. 1717a(a)(2) Annual cap

1,893,610

1,924,589

Real Estate Settlement Procedures Act, 12 U.S.C. 2609(d)(1) Per failure

89

90

Real Estate Settlement Procedures Act, 12 U.S.C. 2609(d)(1) Annual cap

178,156

181,071

Real Estate Settlement Procedures Act, 12 U.S.C. 2609(d)(2)(A) Per failure, where intentional

178

181

SAFE Act, 12 U.S.C. 5113(d)(2) Per violation

27,455

27,904

Truth in Lending Act, 15 U.S.C. 1639e(k)(1) First violation

10,875

11,053

Truth in Lending Act, 15 U.S.C. 1639e(k)(2) Subsequent violations

21,749

22,105

Passwords to access the blog posts, and blog posts are only for NWCG owners and retained clients. These should not be shared outside of the credit union. Blog posts generally contain only a summary of any requirements, and do not represent all potential impact on the credit unions. For further details on any blog post, contact NWCG or references cited in the blog post. The information contained on this site is provided for informational purposes only, and should not be construed as legal advice.

Leave a Reply

Your email address will not be published. Required fields are marked *