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Press Release – FTC Publishes Inflation-Adjusted Civil Penalties for 2023

In case you missed it with the start of the new year, the Federal Trade Commission (FTC) has published inflation-adjusted civil penalty amounts for violations in 2023. As a result, many companies can now expect to pay up to $50,120 per violation.

According to the FTC press release:

“The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the Federal Trade Commission enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty amounts will become effective on January 11, 2023.

The maximum civil penalty amount has increased from $46,517 to $50,120 for violations of Sections 5(l), 5(m)(1)(A), and 5(m)(1)(B) of the FTC Act, Section 7A(g)(l) of the Clayton Act, and Section 525(b) of the Energy Policy and Conservation Act. It has increased from $612 to $659 for violations of Section 10 of the FTC Act.”

To continue reading the full press release, click here.

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