1. (a) The maximum amount of each civil penalty within the jurisdiction of the Consumer Financial Protection Bureau to impose is adjusted 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), as follows:

   Table 1 to Paragraph (a)Law Penalty description Adjusted maximum civil penalty amount 12 U.S.C. 5565(c)(2)(A)Tier 1 penalty$5,883 12 U.S.C. 5565(c)(2)(B)Tier 2 penalty29,416 12 U.S.C. 5565(c)(2)(C)Tier 3 penalty1,176,638 15 U.S.C. 1717a(a)(2)Per violation2,050 15 U.S.C. 1717a(a)(2)Annual cap2,048,915 12 U.S.C. 2609(d)(1)Per failure96 12 U.S.C. 2609(d)(1)Annual cap192,768 12 U.S.C. 2609(d)(2)(A)Per failure, where intentional193 12 U.S.C. 5113(d)(2)Per violation29,707 15 U.S.C. 1639e(k)(1)First violation11,767 15 U.S.C. 1639e(k)(2)Subsequent violations23,533

2. (b) The adjustments in paragraph (a) of this section shall apply to civil penalties assessed after January 15, 2020, whose associated violations occurred on or after November 2, 2015.

[85 FR 2014, Jan. 14, 2020]