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Defining Larger Participants of the Consumer Debt Collection Market; Correction

---
identifier: "/us/fr/2012-29438"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Defining Larger Participants of the Consumer Debt Collection Market; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "2012-29438"
section_name: "Defining Larger Participants of the Consumer Debt Collection Market; Correction"
positive_law: false
currency: "2012-12-07"
last_updated: "2012-12-07"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Consumer Financial Protection Bureau"
document_number: "2012-29438"
document_type: "rule"
publication_date: "2012-12-07"
agencies:
  - "Consumer Financial Protection Bureau"
cfr_references:
  - "12 CFR Part 1090"
rin: "3170-AA30"
fr_citation: "77 FR 72913"
fr_volume: 77
docket_ids:
  - "Docket No. CFPB-2012-0040"
effective_date: "2013-01-02"
fr_action: "Final rule; correction."
---

#  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.