The Board of Governors of the Federal Reserve System has issued a final rule to adjust the amounts of civil money penalties to account for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments are based on the change in the Consumer Price Index and are applied to penalties assessed on or after January 13, 2021, for violations occurring on or after November 2, 2015. The rule bypasses the usual requirements for public notice and commentary due to provisions in the 2015 Act, and it does not involve any collection of information that would necessitate paperwork under the Paperwork Reduction Act.
Simple Explanation
The people in charge of the United States' money rules decided to change some fines to keep up with changing prices, kind of like when candy costs more over time. They based the new amounts on how prices have changed since 2015, but they didn't tell everyone exactly how much the fines are in this document.