[Federal Register Volume 77, Number 236 (Friday, December 7, 2012)]
[Rules and Regulations]
[Page 72913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29438]



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  Federal Register / Vol. 77, No. 236 / Friday, December 7, 2012 / 
Rules and Regulations  

[[Page 72913]]



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.

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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 Sec.  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 Sec.  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 Sec.  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]
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