80_FR_25366 80 FR 25281 - Agency Information Collection Activities: Comment Request

80 FR 25281 - Agency Information Collection Activities: Comment Request

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 80, Issue 85 (May 4, 2015)

Page Range25281-25282
FR Document2015-10367

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (Bureau) is requesting to renew the approval for an existing information collection titled, ``Consumer Leasing Act (Regulation M) 12 CFR 1013.''

Federal Register, Volume 80 Issue 85 (Monday, May 4, 2015) 
[Federal Register Volume 80, Number 85 (Monday, May 4, 2015)]
[Notices]
[Pages 25281-25282]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-10367]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2015-0018]


Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is requesting to 
renew the approval for an existing information collection titled, 
``Consumer Leasing Act (Regulation M) 12 CFR 1013.''

DATES: Written comments are encouraged and must be received on or 
before July 6, 2015 to be assured of consideration.

ADDRESSES: You may submit comments, identified by the title of the 
information collection, OMB Control Number (see below), and docket 
number (see above), by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Consumer Financial Protection Bureau (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552.
     Hand Delivery/Courier: Consumer Financial Protection 
Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 
20002.
    Please note that comments submitted after the comment period will 
not be accepted. In general, all comments received will become public 
records, including any personal information provided. Sensitive 
personal information, such as account numbers or social security 
numbers, should not be included.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
this information collection request is available at 
www.regulations.gov. Requests for additional information should be 
directed to the Consumer Financial Protection Bureau, (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or 
email: [email protected]. Please do not submit comments to this mailbox.

SUPPLEMENTARY INFORMATION: 

[[Page 25282]]

    Title of Collection: Consumer Leasing Act (Regulation M) 12 CFR 
1013.
    OMB Control Number: 3170-0006.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Businesses and other for-profit institutions.
    Estimated Number of Respondents: 13,718.
    Estimated Total Annual Burden Hours: 5,500.
    Abstract: Consumers rely upon the disclosures required by the 
Consumer Leasing Act, 15 U.S.C. 1667 et seq. (CLA) and Regulation M, 12 
CFR 1013, for information to comparison shop among leases, as well as 
to ascertain the true costs and terms of lease offers. Federal and 
state enforcement and private litigants use the records to ascertain 
whether accurate and complete disclosures of the cost of leases have 
been provided to consumers prior to consummation of the lease. This 
information provides the primary evidence of law violations in CLA 
enforcement actions brought by federal agencies. Without Regulation M's 
recordkeeping requirement, the agencies' ability to enforce the CLA 
would be significantly impaired.
    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the Bureau, including whether the information will 
have practical utility; (b) The accuracy of the Bureau's estimate of 
the burden of the collection of information, including the validity of 
the methods and the assumptions used; (c) Ways to enhance the quality, 
utility, and clarity of the information to be collected; and (d) Ways 
to minimize the burden of the collection of information on respondents, 
including through the use of automated collection techniques or other 
forms of information technology. Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget (OMB) approval. All comments will become a matter 
of public record.

    Dated: April 28, 2015.
Ashwin Vasan,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2015-10367 Filed 5-1-15; 8:45 am]
 BILLING CODE 4810-AM-P

Federal Register / Vol. 80, No. 85 / Monday, May 4, 2015 / Notices 25281 that the Commission receives adequate validity of the methodology and Dated: April 28, 2015. information to carry out its market and assumptions used; Robert N. Sidman, financial surveillance programs. The • Ways to enhance the quality, Deputy Secretary of the Commission. market surveillance programs analyze usefulness, and clarity of the [FR Doc. 2015–10314 Filed 5–1–15; 8:45 am] market information to detect and information to be collected; and BILLING CODE 6351–01–P prevent market disruptions and enforce • Ways to minimize the burden of speculative position limits. The collection of information on those who financial surveillance programs are to respond, including through the BUREAU OF CONSUMER FINANCIAL combine market information with use of appropriate automated electronic, PROTECTION financial data to assess the financial mechanical, or other technological risks presented by large customer collection techniques or other forms of [Docket No: CFPB–2015–0018] positions to Commission registrants and information technology; e.g., permitting clearing organizations. Agency Information Collection electronic submission of responses. Previously, all reporting rules Activities: Comment Request All comments must be submitted in contained in parts 15 through 19 and 21 English, or if not, accompanied by an AGENCY: Bureau of Consumer Financial of the Commission’s regulations were English translation. Comments will be Protection. covered by the Collection; however, a posted as received to http:// recent rulemaking action relocated ACTION: Notice and request for comment. www.cftc.gov. You should submit only several recordkeeping and reporting information that you wish to make SUMMARY: In accordance with the burdens from this collection to a new available publicly. If you wish the Paperwork Reduction Act of 1995 collection, OMB Control Number 3038– Commission to consider information (PRA), the Consumer Financial 0103. Specifically, that rulemaking that you believe is exempt from Protection Bureau (Bureau) is requesting appropriated the information collection disclosure under the Freedom of to renew the approval for an existing burdens associated with Commission Information Act, a petition for information collection titled, regulations 17.01, 18.04, and 18.05. confidential treatment of the exempt ‘‘Consumer Leasing Act (Regulation M) Accordingly, this renewal will update information may be submitted according 12 CFR 1013.’’ the Collection’s current burden to the procedures established in § 145.9 DATES: Written comments are estimates and officially remove the duplicative burdens from the Collection. of the Commission’s regulations.2 encouraged and must be received on or The reporting rules are implemented The Commission reserves the right, before July 6, 2015 to be assured of by the Commission partly pursuant to but shall have no obligation, to review, consideration. the authority of sections 4a, 4c(b), 4g, pre-screen, filter, redact, refuse or ADDRESSES: You may submit comments, and 4i of the Commodity Exchange Act remove any or all of your submission identified by the title of the information (‘‘Act’’). Section 4a of the Act permits from http://www.cftc.gov that it may collection, OMB Control Number (see the Commission to set, approve deem to be inappropriate for below), and docket number (see above), exchange-set, and enforce speculative publication, such as obscene language. by any of the following methods: position limits. Section 4c(b) of the Act All submissions that have been redacted • Electronic: http:// gives the Commission plenary authority or removed that contain comments on www.regulations.gov. Follow the to regulate transactions that involve the merits of the Information Collection instructions for submitting comments. commodity options. Section 4g of the Request will be retained in the public • Mail: Consumer Financial Act imposes reporting and comment file and will be considered as Protection Bureau (Attention: PRA recordkeeping obligations on registered required under the Administrative Office), 1700 G Street NW., Washington, entities and registrants (including Procedure Act and other applicable DC 20552. futures commission merchants, laws, and may be accessible under the • Hand Delivery/Courier: Consumer introducing brokers, floor brokers, or Freedom of Information Act. Financial Protection Bureau (Attention: floor traders), and requires each Burden Statement: The respondent PRA Office), 1275 First Street NE., registrant to file such reports as the burden for this collection is estimated to Washington, DC 20002. Commission may require on proprietary be 0.26 hours per response, on average. Please note that comments submitted and customer positions executed on any These estimates include the time to after the comment period will not be board of trade in the United States or locate the information related to the accepted. In general, all comments elsewhere. Lastly, section 4i of the Act exemptions and to file necessary received will become public records, requires the filing of such reports as the exemption paperwork. including any personal information Commission may require when Respondents/Affected Entities: Large provided. Sensitive personal positions made, or obtained on Traders, Clearing Members, Contract information, such as account numbers designated contract markets, or Markets, and other entities affected by or social security numbers, should not derivatives transaction execution Commission regulations 16.00 and 17.00 be included. facilities, equal or exceed Commission- as well as Parts 19 and 21. FOR FURTHER INFORMATION CONTACT: set levels. Estimated number of respondents: With respect to the following Documentation prepared in support of 453. collection of information, the CFTC this information collection request is Estimated total annual burden on invites comments on: available at www.regulations.gov. respondents: 18,348 hours. • Whether the proposed collection of Requests for additional information mstockstill on DSK4VPTVN1PROD with NOTICES Frequency of collection: Periodically. should be directed to the Consumer information is necessary for the proper There are no capital costs or operating performance of the functions of the Financial Protection Bureau, (Attention: and maintenance costs associated with PRA Office), 1700 G Street NW., Commission, including whether the this collection. information will have a practical use; Washington, DC 20552, (202) 435–9575, • The accuracy of the Commission’s (Authority: 44 U.S.C. 3501 et seq.) or email: PRA@cfpb.gov. Please do not estimate of the burden of the proposed submit comments to this mailbox. collection of information, including the 2 17 CFR 145.9. SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 19:40 May 01, 2015 Jkt 235001 PO 00000 Frm 00008 Fmt 4703 Sfmt 4703 E:\FR\FM\04MYN1.SGM 04MYN1

25282 Federal Register / Vol. 80, No. 85 / Monday, May 4, 2015 / Notices Title of Collection: Consumer Leasing BUREAU OF CONSUMER FINANCIAL Estimated Number of Respondents: Act (Regulation M) 12 CFR 1013. PROTECTION 107. OMB Control Number: 3170–0006. Estimated Total Annual Burden [Docket No: CFPB–2015–0017] Hours: 322. Type of Review: Extension without Abstract: The required disclosures change of a currently approved Agency Information Collection Activities: Comment Request under Regulation O (12 CFR part 101) collection. assist prospective purchasers of Affected Public: Businesses and other AGENCY: Bureau of Consumer Financial Mortgage assistance relief services for-profit institutions. Protection. (MARS) in making well-informed ACTION: Notice and request for comment. decisions and avoiding deceptive and Estimated Number of Respondents: unfair acts and practices. The 13,718. SUMMARY: In accordance with the information that must be kept under Estimated Total Annual Burden Paperwork Reduction Act of 1995 Regulation O’s recordkeeping Hours: 5,500. (PRA), the Consumer Financial requirements is used by the CFPB and Protection Bureau (Bureau) is requesting the Federal Trade Commission for Abstract: Consumers rely upon the to renew the approval for an existing disclosures required by the Consumer enforcement purposes and to ensure information collection titled, ‘‘Mortgage Leasing Act, 15 U.S.C. 1667 et seq. compliance by MARS providers with Assistance Relief Services (Regulation (CLA) and Regulation M, 12 CFR 1013, Regulation O. The information is O) 12 CFR part 1015.’’ for information to comparison shop requested only on a case-by-case basis. DATES: Written comments are Request for Comments: Comments are among leases, as well as to ascertain the encouraged and must be received on or true costs and terms of lease offers. invited on: (a) Whether the collection of before July 6, 2015 to be assured of information is necessary for the proper Federal and state enforcement and consideration. performance of the functions of the private litigants use the records to ADDRESSES: You may submit comments, Bureau, including whether the ascertain whether accurate and identified by the title of the information information will have practical utility; complete disclosures of the cost of collection, OMB Control Number (see (b) The accuracy of the Bureau’s leases have been provided to consumers below), and docket number (see above), estimate of the burden of the collection prior to consummation of the lease. This by any of the following methods: of information, including the validity of information provides the primary • Electronic: http:// the methods and the assumptions used; evidence of law violations in CLA www.regulations.gov. Follow the (c) Ways to enhance the quality, utility, enforcement actions brought by federal instructions for submitting comments. and clarity of the information to be agencies. Without Regulation M’s • Mail: Consumer Financial collected; and (d) Ways to minimize the recordkeeping requirement, the Protection Bureau (Attention: PRA burden of the collection of information agencies’ ability to enforce the CLA Office), 1700 G Street NW., Washington, on respondents, including through the would be significantly impaired. DC 20552. use of automated collection techniques • Hand Delivery/Courier: Consumer or other forms of information Request for Comments: Comments are Financial Protection Bureau (Attention: invited on: (a) Whether the collection of technology. Comments submitted in PRA Office), 1275 First Street NE., response to this notice will be information is necessary for the proper Washington, DC 20002. performance of the functions of the summarized and/or included in the Please note that comments submitted Bureau, including whether the request for Office of Management and after the comment period will not be Budget (OMB) approval. All comments information will have practical utility; accepted. In general, all comments will become a matter of public record. (b) The accuracy of the Bureau’s received will become public records, estimate of the burden of the collection including any personal information Dated: April 28, 2015. of information, including the validity of provided. Sensitive personal Ashwin Vasan, the methods and the assumptions used; information, such as account numbers Chief Information Officer, Bureau of (c) Ways to enhance the quality, utility, or social security numbers, should not Consumer Financial Protection. and clarity of the information to be be included. [FR Doc. 2015–10363 Filed 5–1–15; 8:45 am] collected; and (d) Ways to minimize the FOR FURTHER INFORMATION CONTACT: BILLING CODE 4810–AM–P burden of the collection of information Documentation prepared in support of on respondents, including through the this information collection request is use of automated collection techniques available at www.regulations.gov. DEPARTMENT OF DEFENSE or other forms of information Requests for additional information should be directed to the Consumer Office of the Secretary technology. Comments submitted in Financial Protection Bureau, (Attention: response to this notice will be [Docket ID: DoD–2014–OS–0067] PRA Office), 1700 G Street NW., summarized and/or included in the Washington, DC 20552, (202) 435–9575, request for Office of Management and Privacy Act of 1974; System of or email: PRA@cfpb.gov. Please do not Records Budget (OMB) approval. All comments submit comments to this mailbox. will become a matter of public record. SUPPLEMENTARY INFORMATION: AGENCY: National Geospatial- Dated: April 28, 2015. Title of Collection: Mortgage Intelligence Agency, DoD. mstockstill on DSK4VPTVN1PROD with NOTICES Ashwin Vasan, Assistance Relief Services (Regulation ACTION: Notice to add a new System of Chief Information Officer, Bureau of O) 12 CFR part 1015. Records. Consumer Financial Protection. OMB Control Number: 3170–0007. Type of Review: Extension without SUMMARY: The National Geospatial- [FR Doc. 2015–10367 Filed 5–1–15; 8:45 am] Intelligence Agency is establishing a change of a currently approved BILLING CODE 4810–AM–P collection. new system of records in its inventory Affected Public: Businesses and other of record systems subject to the Privacy for-profit institutions. Act of 1974, as amended. The system is VerDate Sep<11>2014 19:40 May 01, 2015 Jkt 235001 PO 00000 Frm 00009 Fmt 4703 Sfmt 4703 E:\FR\FM\04MYN1.SGM 04MYN1


Document Created: 2018-02-21 10:22:55
Document Modified: 2018-02-21 10:22:55
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesWritten comments are encouraged and must be received on or before July 6, 2015 to be assured of consideration.
ContactDocumentation prepared in support of this information collection request is available at www.regulations.gov. Requests for additional information should be directed to the Consumer Financial Protection Bureau, (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or email: [email protected] Please do not submit comments to this mailbox.
FR Citation80 FR 25281 
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