Search Results for agency_names:"Farm Credit Administration"

Found 12 results

Search Results: agency_names:"Farm Credit Administration"

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  • 2020-27191 — District Financial Reporting
    Type:Rule
    Citation:86 FR 223
    Reading Time:about a minute or two

    The Farm Credit Administration (FCA) has updated their regulations to change the way Farm Credit banks report financial information about related associations in their annual financial statements. The new rule, which took effect on December 4, 2020, lets banks choose between presenting this information in two ways: either as a footnote or attached as a supplement in their reports. This regulation aims to give shareholders better access to district financial information.

    Simple Explanation

    The Farm Credit Administration made a new rule so banks can share their financial information more clearly. Now, when banks write their money reports, they can choose to add extra information about certain groups either in small notes or as extra pages, but they didn't really explain why this is better or how it might affect the banks.

  • 2025-00963 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
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    Type:Rule
    Citation:90 FR 3617
    Reading Time:about 10 minutes

    The Farm Credit Administration has introduced a final rule adjusting civil money penalties (CMPs) for inflation, in line with the Federal Civil Penalties Inflation Adjustment Act of 1990, as updated. This adjustment ensures that penalties retain their deterrent effect and compliance is maintained with the Farm Credit Act and Flood Disaster Protection Act. The new maximum daily penalties for specific violations have been increased, such as $2,904 for violating a final order and $1,313 for breaching the Farm Credit Act, effective January 15, 2025. These changes, driven by mandatory annual updates, aim to keep CMPs in line with inflation without needing a public comment process.

    Simple Explanation

    The Farm Credit Administration has made some money fines bigger, like, if someone breaks a rule, they have to pay more money to keep the rules important. They did this because prices keep going up, just like when your favorite toy costs more now than before.

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