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Final rule on civil money penalty inflation adjustment issued
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Legislation
Wednesday, February 24, 2021
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The Federal Housing Finance Agency (FHFA) has finalized a rule of practice and procedure that addresses an inflation adjustment for civil money penalties.
The adjustment was made in accordance with the FHFA’s authority under the Federal Civil Penalties Inflation Adjustment Act of 1990. The Adjustments Act also dictates the formula agencies must use when making these annual adjustments.
Read on for more details.
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