The world is being quietly rearranged by people who write very long documents.


The title they went with Inflation Adjustment of Civil Monetary Penalties Noisy translates that to

The US Treasury just raised its fines for inflation. Again.


The US Treasury Department increased the penalties for civil violations across its agencies. This means companies and individuals who break financial rules will pay more in fines, reflecting the rising cost of living.
Every year, the US government adjusts its civil penalties for inflation. This is not a new policy, but a mandatory annual update. It ensures that fines retain their deterrent effect over time, rather than becoming less impactful as money loses value. This means the cost of non-compliance for financial institutions and individuals steadily increases, even if the underlying rules do not change.
Watch for any public statements from regulated industries about the cumulative impact of these annual increases on their compliance costs.

If you insist
Read the original →