This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents.

Rules and Regulations Federal Register

1355 

Vol. 90, No. 5 

Wednesday, January 8, 2025 

1Public Law 101–410, 104 Stat. 890. 

2Public Law 104–134, sec. 31001(s)(1), 110 Stat. 

1321, 1321–373. 

3Public Law 114–74, sec. 701, 129 Stat. 584, 599. 

4Section 1301(a) of the Federal Reports 

Elimination Act of 1998, Public Law 105–362, 112 

Stat. 3293, also amended the Inflation Adjustment 

Act by striking section 6, which contained annual 

reporting requirements, and redesignating section 7 

as section 6, but did not alter the civil penalty 

adjustment requirements; 28 U.S.C. 2461 note. 

5 81 FR 38569 (June 14, 2016). Although the CFPB 

was not obligated to solicit comment for the interim 

final rule, the CFPB invited public comment and 

received none. 

6See 12 CFR 1083.1. 

7 84 FR 517 (Jan. 31, 2019). 

8 Inflation Adjustment Act section 4, codified at 

28 U.S.C. 2461 note. As discussed in guidance 

issued by the Director of the Office of Management 

and Budget (OMB), the APA generally requires 

notice, an opportunity for comment, and a delay in 

effective date for certain rulemakings, but the 

Inflation Adjustment Act provides that these 

procedures are not required for agencies to issue 

regulations implementing the annual adjustment. 

See Memorandum for the Heads of Exec. Dep’ts & 

Agencies from Shalanda D. Young, Director, 

Implementation of Penalty Inflation Adjustments 

for 2025, Pursuant to the Federal Civil Penalties 

Inflation Adjustment Act Improvements Act of 

2015, Off. of Mgmt. & Budget (Dec. 17, 2024), 

https://www.whitehouse.gov/wp-content/uploads/ 

2024/12/M-25-02.pdf [hereinafter Young Memo]. 

9See 82 FR 3601 (Jan. 12, 2017); 83 FR 1525 (Jan. 

12, 2018); 84 FR 517 (Jan. 31, 2019); 85 FR 2012 

(Jan. 14, 2020); 86 FR 3767 (Jan. 15, 2021); 87 FR 

2314 (Jan. 14, 2022); 88 FR 1 (Jan. 3, 2023); 89 FR 

1787 (Jan. 11, 2024). 

10 Inflation Adjustment Act sections 4 and 5, 

codified at 28 U.S.C. 2461 note. 

11 Inflation Adjustment Act sections 3 and 5, 

codified at 28 U.S.C. 2461 note. 

12 Inflation Adjustment Act section 5, codified at 

28 U.S.C. 2461 note; see also Young Memo. 

13See Inflation Adjustment Act section 2, 

codified at 28 U.S.C. 2461 note. 

14 Inflation Adjustment Act section 4, codified at 

28 U.S.C. 2461 note. 

CONSUMER FINANCIAL PROTECTION 

BUREAU 

12 CFR Part 1083 

Civil Penalty Inflation Adjustments 

AGENCY: Consumer Financial Protection 

Bureau. 

ACTION: Final rule. 

SUMMARY: The Consumer Financial 

Protection Bureau (CFPB) is adjusting 

for inflation the maximum amount of 

each civil penalty within the CFPB’s 

jurisdiction. These adjustments are 

required by the Federal Civil Penalties 

Inflation Adjustment Act of 1990 

(Inflation Adjustment Act), 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. The inflation adjustments 

mandated by the Inflation Adjustment 

Act serve to maintain the deterrent 

effect of civil penalties and to promote 

compliance with the law. 

DATES: This final rule is effective 

January 15, 2025. 

FOR FURTHER INFORMATION CONTACT: 

George Karithanom, Regulatory 

Implementation & Guidance Program 

Analyst, Office of Regulations, at (202) 

435–7700 or at: https://reginquiries.

consumerfinance.gov. If you require this 

document in an alternative electronic 

format, please contact CFPB_

Accessibility@cfpb.gov. 

SUPPLEMENTARY INFORMATION: 

I. Background 

The Inflation Adjustment Act,1 as 

amended by the Debt Collection 

Improvement Act of 1996 2 and further 

amended by the Federal Civil Penalties 

Inflation Adjustment Act Improvements 

Act of 2015,3 directs Federal agencies to 

adjust the civil penalty amounts within 

their jurisdictions for inflation not later 

than July 1, 2016, and then not later 

than January 15 every year thereafter.4

Each agency was required to make the 

2016 one-time catch-up adjustments 

through an interim final rule published 

in the Federal Register. On June 14, 

2016, the CFPB published its interim 

final rule (IFR) to make the initial catchup adjustments to civil penalties within 

the CFPB’s jurisdiction.5 The June 2016 

IFR created a new part 1083 and in part 

1083.1 established the inflation-adjusted 

maximum amounts for each civil 

penalty within the CFPB’s jurisdiction.6

The CFPB finalized the IFR on January 

31, 2019.7

The Inflation Adjustment Act also 

requires subsequent adjustments to be 

made annually, not later than January 

15, and notwithstanding section 553 of 

the Administrative Procedure Act 

(APA).8 The CFPB annually adjusted its 

civil penalty amounts, as required by 

the Act.9

Specifically, the Inflation Adjustment 

Act directs Federal agencies to adjust 

annually each civil penalty provided by 

law within the jurisdiction of each 

agency by the ‘‘cost-of-living 

adjustment.’’ 10 The ‘‘cost-of-living 

adjustment’’ is defined as the percentage 

(if any) by which the Consumer Price 

Index for All Urban Consumers (CPI–U) 

for the month of October preceding the 

date of the adjustment, exceeds the CPI– 

U for October of the prior year.11 The 

Director of the Office of Management 

and Budget (OMB) is required to issue 

guidance (OMB Guidance) every year by 

December 15 to agencies on 

implementing the annual civil penalty 

inflation adjustments. Pursuant to the 

Inflation Adjustment Act and OMB 

Guidance, agencies must apply the 

multiplier reflecting the ‘‘cost-of-living 

adjustment’’ to the current penalty 

amount and then round that amount to 

the nearest dollar to determine the 

annual adjustments.12 The adjustments 

are designed to keep pace with inflation 

so that civil penalties retain their 

deterrent effect and promote compliance 

with the law.13

For the 2025 annual adjustment, the 

multiplier reflecting the ‘‘cost-of-living 

adjustment’’ is 1.02598. 

II. Adjustment 

Pursuant to the Inflation Adjustment 

Act and OMB Guidance, the CFPB 

multiplied each of its civil penalty 

amounts by the ‘‘cost-of-living 

adjustment’’ multiplier and rounded to 

the nearest dollar.14 The new penalty 

amounts that apply to civil penalties 

assessed after January 15, 2025, are as 

follows: 


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15Numbers may not multiply to totals shown 

because of rounding. 

16 5 U.S.C. 553(b)(B). 

17 Inflation Adjustment Act section 4, codified at 

28 U.S.C. 2461 note. 

18 Young Memo. 

19 5 U.S.C. 553(d). 

20 Inflation Adjustment Act section 4, codified at 

28 U.S.C. 2461 note. 

21 Young Memo. 

22 5 U.S.C. 603(a), 604(a). 

23 44 U.S.C. 3506; 5 CFR part 1320. 

Law Penalty description 

Penalty 

amounts 

established 

under 2024 

final rule 

OMB 

‘‘cost-of-living 

adjustment’’ 

multiplier 

New 

penalty 

amount 15

Consumer Financial Protection Act, 12 U.S.C. 5565(c)(2)(A) ........... Tier 1 penalty ............ $7,034 1.02598 $7,217 

Consumer Financial Protection Act, 12 U.S.C. 5565(c)(2)(B) ........... Tier 2 penalty ............ 35,169 1.02598 36,083 

Consumer Financial Protection Act, 12 U.S.C. 5565(c)(2)(C) .......... Tier 3 penalty ............ 1,406,728 1.02598 1,443,275 

Interstate Land Sales Full Disclosure Act, 15 U.S.C. 1717a(a)(2) ... Per violation ............... 2,451 1.02598 2,515 

Interstate Land Sales Full Disclosure Act, 15 U.S.C. 1717a(a)(2) ... Annual cap ................ 2,449,575 1.02598 2,513,215 

Real Estate Settlement Procedures Act, 12 U.S.C. 2609(d)(1) ........ Per failure .................. 115 1.02598 118 

Real Estate Settlement Procedures Act, 12 U.S.C. 2609(d)(1) ........ Annual cap ................ 230,464 1.02598 236,451 

Real Estate Settlement Procedures Act, 12 U.S.C. 2609(d)(2)(A) ... Per failure, where intentional.230 1.02598 236 

SAFE Act, 12 U.S.C. 5113(d)(2) ....................................................... Per violation .............. 35,516 1.02598 36,439 

Truth in Lending Act, 15 U.S.C. 1639e(k)(1) ..................................... First violation ............. 14,069 1.02598 14,435 

Truth in Lending Act, 15 U.S.C. 1639e(k)(2) ..................................... Subsequent violations 28,135 1.02598 28,866 

III. Procedural Requirements 

A. Administrative Procedure Act 

Under the APA, notice and 

opportunity for public comment are not 

required if the CFPB finds that notice 

and public comment are impracticable, 

unnecessary, or contrary to the public 

interest.16 The adjustments to the civil 

penalty amounts are technical and nondiscretionary, and they merely apply the 

statutory method for adjusting civil 

penalty amounts. These adjustments are 

required by the Inflation Adjustment 

Act. Moreover, the Inflation Adjustment 

Act directs agencies to adjust civil 

penalties annually notwithstanding 

section 553 of the APA,17 and OMB 

Guidance reaffirms that agencies need 

not complete a notice-and-comment 

process before making the annual 

adjustments for inflation.18 For these 

reasons, the CFPB has determined that 

publishing a notice of proposed 

rulemaking and providing opportunity 

for public comment are unnecessary. 

The amendments therefore are adopted 

in final form. 

Section 553(d) of the APA generally 

requires publication of a final rule not 

less than 30 days before its effective 

date, except (1) a substantive rule which 

grants or recognizes an exemption or 

relieves a restriction; (2) interpretive 

rules and statements of policy; or (3) as 

otherwise provided by the agency for 

good cause found and published with 

the rule.19 At minimum, the CFPB 

believes the annual adjustments to the 

civil penalty amounts in § 1083.1(a) fall 

under the third exception to section 

553(d). The CFPB finds that there is 

good cause to make the amendments 

effective on January 15, 2025. The 

amendments to § 1083.1(a) in this final 

rule are technical and nondiscretionary, and they merely apply the 

statutory method for adjusting civil 

penalty amounts and follow the 

statutory directive to make annual 

adjustments each year. Moreover, the 

Inflation Adjustment Act directs 

agencies to adjust the civil penalties 

annually notwithstanding section 553 of 

the APA,20 and OMB Guidance 

reaffirms that agencies need not provide 

a delay in effective date for the annual 

adjustments for inflation.21

B. Regulatory Flexibility Act 

The Regulatory Flexibility Act (RFA) 

does not apply to a rulemaking where a 

general notice of proposed rulemaking 

is not required.22 As noted previously, 

the CFPB has determined that it is 

unnecessary to publish a general notice 

of proposed rulemaking for this final 

rule. Accordingly, the RFA’s 

requirements relating to an initial and 

final regulatory flexibility analysis do 

not apply. 

C. Paperwork Reduction Act 

In accordance with the Paperwork 

Reduction Act of 1995,23 the CFPB 

reviewed this final rule. The CFPB has 

determined that this rule does not create 

any new information collections or 

substantially revise any existing 

collections. 

D. Congressional Review Act 

Pursuant to the Congressional Review 

Act (5 U.S.C. 801 et seq.), the CFPB will 

submit a report containing this rule and 

other required information to the United 

States Senate, the United States House 

of Representatives, and the Comptroller 

General of the United States prior to the 

rule taking effect. The Office of 

Information and Regulatory Affairs 

(OIRA) has designated this rule as not 

a ‘‘major rule’’ as defined by 5 U.S.C. 

804(2). 

List of Subjects in 12 CFR Part 1083 

Administrative practice and 

procedure, Consumer protection, 

Penalties. 

Authority and Issuance 

For the reasons set forth in the 

preamble, the CFPB amends 12 CFR part 

1083, as set forth below: 

PART 1083—CIVIL PENALTY 

ADJUSTMENTS 

■ 1. The authority citation for part 1083 

continues to read as follows: 

Authority: 12 U.S.C. 2609(d); 12 U.S.C. 

5113(d)(2); 12 U.S.C. 5565(c); 15 U.S.C. 

1639e(k); 15 U.S.C. 1717a(a); 28 U.S.C. 2461 

note. 

■ 2. Section 1083.1 is revised to read as 

follows: 

§ 1083.1 Adjustment of civil penalty 

amounts. 

(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: 


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Federal Register / Vol. 90, No. 5 / Wednesday, January 8, 2025 / Rules and Regulations 1357 

TABLE 1 TO PARAGRAPH (a) 

Law Penalty description 

Adjusted 

maximum civil 

penalty amount 

12 U.S.C. 5565(c)(2)(A) ......................................................... Tier 1 penalty ......................................................................... $7,217 

12 U.S.C. 5565(c)(2)(B) ......................................................... Tier 2 penalty ......................................................................... 36,083 

12 U.S.C. 5565(c)(2)(C) ......................................................... Tier 3 penalty ......................................................................... 1,443,275 

15 U.S.C. 1717a(a)(2) ............................................................ Per violation ............................................................................ 2,515 

15 U.S.C. 1717a(a)(2) ............................................................ Annual cap ............................................................................. 2,513,215 

12 U.S.C. 2609(d)(1) .............................................................. Per failure ............................................................................... 118 

12 U.S.C. 2609(d)(1) .............................................................. Annual cap ............................................................................. 236,451 

12 U.S.C. 2609(d)(2)(A) ......................................................... Per failure, where intentional ................................................. 236 

12 U.S.C. 5113(d)(2) .............................................................. Per violation ............................................................................ 36,439 

15 U.S.C. 1639e(k)(1) ............................................................ First violation .......................................................................... 14,435 

15 U.S.C. 1639e(k)(2) ............................................................ Subsequent violations ............................................................ 28,866 

(b) The adjustments in paragraph (a) 

of this section shall apply to civil 

penalties assessed after January 15, 

2025, whose associated violations 

occurred on or after November 2, 2015. 

Brian Shearer, 

Assistant Director, Office of Policy Planning 

and Strategy, Consumer Financial Protection 

Bureau. 

[FR Doc. 2025–00167 Filed 1–7–25; 8:45 am] 

BILLING CODE 4810–AM–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2024–2021; Project 

Identifier AD–2023–01077–T; Amendment 

39–22905; AD 2024–25–03] 

RIN 2120–AA64 

Airworthiness Directives; Gulfstream 

Aerospace Corporation Airplanes 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: The FAA is adopting a new 

airworthiness directive (AD) for certain 

Gulfstream Aerospace Corporation 

Model GVII–G500 and GVII–G600 

airplanes. This AD was prompted by a 

report of cracking in the electrical 

grounding receptacles located on the left 

and right wings. This AD requires 

inspecting the electrical grounding 

receptacles for cracks and corrosion, 

performing applicable on-condition 

actions, and sealing over the grounding 

receptacles on the top of the wings to 

permanently disable the receptacle. The 

FAA is issuing this AD to address the 

unsafe condition on these products. 

DATES: This AD is effective February 12, 

2025. 

The Director of the Federal Register 

approved the incorporation by reference 

of certain publications listed in this AD 

as of February 12, 2025. 

ADDRESSES: 

AD Docket: You may examine the AD 

docket at regulations.gov under Docket 

No. FAA–2024–2021; or in person at 

Docket Operations between 9 a.m. and 

5 p.m., Monday through Friday, except 

Federal holidays. The AD docket 

contains this final rule, any comments 

received, and other information. The 

address for Docket Operations is U.S. 

Department of Transportation, Docket 

Operations, M–30, West Building 

Ground Floor, Room W12–140, 1200 

New Jersey Avenue SE, Washington, DC 

20590. 

Material Incorporated by Reference: 

• For Gulfstream material identified 

in this AD, contact Gulfstream 

Aerospace Corporation, Technical 

Publications Dept., P.O. Box 2206, 

Savannah, GA 31402–2206; telephone 

800–810–4853; email pubs@

gulfstream.com; website 

gulfstream.com/en/customer-support. 

• You may view this material at the 

FAA, Airworthiness Products Section, 

Operational Safety Branch, 2200 South 

216th St., Des Moines, WA. For 

information on the availability of this 

material at the FAA, call 206–231–3195. 

It is also available at regulations.gov 

under Docket No. FAA–2024–2021. 

FOR FURTHER INFORMATION CONTACT: 

Brandon Ellis, Aviation Safety Engineer, 

FAA, 1701 Columbia Avenue, College 

Park, GA 30337; phone: 404–474–5535; 

email: 9-ASO-ATLACO-ADs@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

The FAA issued a notice of proposed 

rulemaking (NPRM) to amend 14 CFR 

part 39 by adding an AD that would 

apply to certain Gulfstream Aerospace 

Corporation Model GVII–G500 and 

GVII–G600 airplanes. The NPRM 

published in the Federal Register on 

August 22, 2024 (89 FR 67913). The 

NPRM was prompted by a report of 

cracking in the electrical grounding 

receptacles located on the left and right 

wings. In the NPRM, the FAA proposed 

to require inspecting the electrical 

grounding receptacles for cracks and 

corrosion, performing applicable oncondition actions, and sealing over the 

grounding receptacles on the top of the 

wings to permanently disable the 

receptacle. The FAA is issuing this AD 

to address cracks and corrosion of the 

electrical grounding receptacles. The 

unsafe condition, if not addressed, 

could result in fuel leaking from the 

electrical grounding receptacles. 

Discussion of Final Airworthiness 

Directive 

Comments 

The FAA received comments from an 

individual and three anonymous 

commenters who supported the NPRM 

without change. 

Conclusion 

The FAA reviewed the relevant data, 

considered any comments received, and 

determined that air safety requires 

adopting this AD as proposed. 

Accordingly, the FAA is issuing this AD 

to address the unsafe condition on these 

products. Except for minor editorial 

changes, this AD is adopted as proposed 

in the NPRM. None of the changes will 

increase the economic burden on any 

operator. 

Material Incorporated by Reference 

Under 1 CFR Part 51 

The FAA reviewed Gulfstream GVII– 

G500 Customer Bulletin No. 089, dated 

November 28, 2023; and Gulfstream 

GVII–G600 Customer Bulletin No. 058, 

dated November 28, 2023. This material 

specifies procedures for the following 

actions: 

• Borescope inspections for cracking 

and corrosion of the interior walls of the 

grounding receptacle casing. 


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