77 FR 236 pg. 72913 - Defining Larger Participants of the Consumer Debt Collection Market; Correction
Type: RULEVolume: 77Number: 236Page: 72913
Docket number: [Docket No. CFPB-2012-0040]
FR document: [FR Doc. 2012-29438 Filed 12-6-12; 8:45 am]
Agency: Consumer Financial Protection Bureau
Official PDF Version: PDF Version
BUREAU OF CONSUMER FINANCIAL PROTECTION
12 CFR Part 1090
[Docket No. CFPB-2012-0040]
RIN 3170-AA30
Defining Larger Participants of the Consumer Debt Collection Market; Correction
AGENCY:
Bureau of Consumer Financial Protection.
ACTION:
Final rule; correction.
SUMMARY:
The Bureau of Consumer Financial Protection published in the Federal Register of October 31, 2012 a final rule amending the regulation defining larger participants of certain consumer financial product and service markets by adding a new section to define larger participants of a market for consumer debt collection. The final rule contained four typographical errors, which this document corrects.
DATES:
This correcting amendment is effective on January 2, 2013.
FOR FURTHER INFORMATION CONTACT:
Kali Bracey, Senior Counsel, (202) 435-7141, or Susan Torzilli, Attorney-Advisor, (202) 435-7464, Office of Nonbank Supervision, Bureau of Consumer Financial Protection, 1700 G Street NW., Washington, DC 20552.
SUPPLEMENTARY INFORMATION:
The Bureau of Consumer Financial Protection (Bureau) published a final rule in the Federal Register of October 31, 2012 (77 FR 65775) amending 12 CFR part 1090 by adding a new section to define larger participants of a market for consumer debt collection. The final rule contained four typographical errors, which this document corrects. Three of these errors were incorrect cross-references. The other error was an omission of a subheading designation.
The Bureau finds that there is good cause to publish these corrections without seeking public comment. See 5 U.S.C. 553(b)(B). Public comment is unnecessary because the Bureau is correcting inadvertent, technical errors about which there is minimal, if any, basis for substantive disagreement.
Accordingly, in FR Doc. 2012-26467 published on October 31, 2012 (77 FR 65775), make the following corrections:
1. On page 65798, in the second column, in § 1090.105, in paragraph (iii)(C) of the definition of Annual receipts, remove the first reference to "(iii)(B)" and add "(ii)" in its place.
2. On page 65798, in the second column, in § 1090.105, in paragraph (iii)(C) of the definition of Annual receipts, remove the second reference to "(iii)(B)" and add "(ii)(B)" in its place.
3. On page 65798, in the second column, in § 1090.105, in paragraph (iii)(D) of the definition of Annual receipts, remove "(iii)(B)" and add "(ii)" in its place.
4. On page 65798, in the third column, add the paragraph designation "(b)" before " Test to define larger participants".
Dated: November 28, 2012.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2012-29438 Filed 12-6-12; 8:45 am]
BILLING CODE 4810-AM-P