Rule2024-21265
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates; Correction
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 19, 2024
Effective
September 19, 2024
Issuing agencies
Consumer Financial Protection Bureau
Abstract
On July 3, 2024, the Consumer Financial Protection Bureau (CFPB) published the "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates" interim final rule with request for public comment (interim rule) in the Federal Register. Amendatory instruction 2 in the interim rule contained a typographical error; this document corrects this typographical error.
Full Text
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<title>Federal Register, Volume 89 Issue 182 (Thursday, September 19, 2024)</title>
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[Federal Register Volume 89, Number 182 (Thursday, September 19, 2024)]
[Rules and Regulations]
[Page 76713]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-21265]
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Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
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Federal Register / Vol. 89, No. 182 / Thursday, September 19, 2024 /
Rules and Regulations
[[Page 76713]]
CONSUMER FINANCIAL PROTECTION BUREAU
12 CFR Part 1002
[Docket No. CFPB-2024-0018]
RIN 3170-AA09
Small Business Lending Under the Equal Credit Opportunity Act
(Regulation B); Extension of Compliance Dates; Correction
AGENCY: Consumer Financial Protection Bureau.
ACTION: Interim final rule with request for public comment; correcting
amendment.
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SUMMARY: On July 3, 2024, the Consumer Financial Protection Bureau
(CFPB) published the ``Small Business Lending Under the Equal Credit
Opportunity Act (Regulation B); Extension of Compliance Dates'' interim
final rule with request for public comment (interim rule) in the
Federal Register. Amendatory instruction 2 in the interim rule
contained a typographical error; this document corrects this
typographical error.
DATES: This correction is effective September 19, 2024.
FOR FURTHER INFORMATION CONTACT: George Karithanom, Regulatory
Implementation and Guidance Program Analyst, Office of Regulations, at
202-435-7700 or <a href="https://reginquiries.consumerfinance.gov/">https://reginquiries.consumerfinance.gov/</a>. If you
require this document in an alternative electronic format, please
contact <a href="/cdn-cgi/l/email-protection#c6858096849987a5a5a3b5b5afa4afaaafb2bf86a5a0b6a4e8a1a9b0"><span class="__cf_email__" data-cfemail="9eddd8cedcc1dffdfdfbededf7fcf7f2f7eae7defdf8eefcb0f9f1e8">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: On July 3, 2024, the Consumer Financial
Protection Bureau (CFPB) published the interim rule in the Federal
Register.\1\ Amendatory instruction 2 in the third column of page 55029
of volume 89 of the Federal Register contained a typographical error.
Specifically, the phrase ``2. Section 1002.14 is amended by:'' should
have read: ``2. Section 1002.114 is amended by:''. The CFPB is issuing
this document to correct this typographical error.
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\1\ 89 FR 55024 (July 3, 2024).
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List of Subjects in 12 CFR Part 1002
Banks, banking, Civil rights, Consumer protection, Credit, Credit
unions, Marital status discrimination, National banks, Penalties.
Authority and Issuance
For the reasons set forth in the preamble, the CFPB amends
Regulation B, 12 CFR part 1002, by making the following correcting
amendment:
PART 1002--EQUAL CREDIT OPPORTUNITY ACT (REGULATION B)
0
1. The authority citation for part 1002 continues to read as follows:
Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 1691b. Subpart B is
also issued under 15 U.S.C. 1691c-2.
0
2. Section 1002.114 is amended:
0
a. In paragraph (b)(1), by removing ``October 1, 2024'' and adding in
its place ``July 18, 2025'';
0
b. In paragraph (b)(2), by removing ``April 1, 2025'' and adding in its
place ``January 16, 2026'';
0
c. In paragraphs (b)(3) and (4), by removing ``January 1, 2026'' and
adding in its place ``October 18, 2026''; and
0
d. By adding paragraph (c)(3).
The addition reads as follows:
Sec. 1002.114 Effective date, compliance date, and special
transitional rules.
* * * * *
(c) * * *
(3) Alternative time period for determining compliance dates. A
financial institution is permitted to use its originations of covered
credit transactions in each of calendar years 2023 and 2024 in lieu of
calendar years 2022 and 2023 as specified in paragraphs (b) and (c)(2)
of this section.
Paul Hannah,
Senior Counsel and Federal Register Liaison, Consumer Financial
Protection Bureau.
[FR Doc. 2024-21265 Filed 9-18-24; 8:45 am]
BILLING CODE 4810-AM-P
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