What Are Civil Money Penalties? Civil money penalties (CMPs) are one of the National Credit Union Administration’s formal enforcement tools. They are monetary fines assessed when a credit union or an institution-affiliated party violates laws, regulations, or NCUA orders. The authority for CMPs comes from Section 206(k) of the Federal Credit Union Act (12 U.S.C. § 1786(k)) , whi...
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Credit Union Exam Solutions Incorporated title: Credit Union Exam Solutions by Mark Treichel