80 FR 27294 - Partial Extension of Comment Deadline on CARD Act Request for Information

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 80, Issue 92 (May 13, 2015)

Page Range		27294-27295
FR Document		2015-11496

Section 502(a) of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act or Act) requires the Bureau of Consumer Financial Protection (Bureau or CFPB) to conduct a review (Review) of the consumer credit card market, within the limits of its existing resources available for reporting purposes. In connection with conducting that Review, and in accordance with Section 502(b) of the CARD Act, the Bureau published a Request for Information in the Federal Register on March 19, 2015, soliciting from the public comment on a number of aspects of the consumer credit card market. The Request for Information provided a 60-day comment period that will end on May 18, 2015. To allow interested persons additional time to consider and submit their responses, the Bureau has determined that an extension of the comment period on four of the specific areas of interest noted in the original Request for Information--online disclosures, grace periods, add-on products, and debt collection--until June 17, 2015, is appropriate.

Federal Register, Volume 80 Issue 92 (Wednesday, May 13, 2015)

[Federal Register Volume 80, Number 92 (Wednesday, May 13, 2015)]
[Notices]
[Pages 27294-27295]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-11496]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2015-0007]


Partial Extension of Comment Deadline on CARD Act Request for 
Information

AGENCY: Bureau of Consumer Financial Protection.

[[Page 27295]]


ACTION: Notice; extension of comment period.

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SUMMARY: Section 502(a) of the Credit Card Accountability 
Responsibility and Disclosure Act of 2009 (CARD Act or Act) requires 
the Bureau of Consumer Financial Protection (Bureau or CFPB) to conduct 
a review (Review) of the consumer credit card market, within the limits 
of its existing resources available for reporting purposes. In 
connection with conducting that Review, and in accordance with Section 
502(b) of the CARD Act, the Bureau published a Request for Information 
in the Federal Register on March 19, 2015, soliciting from the public 
comment on a number of aspects of the consumer credit card market. The 
Request for Information provided a 60-day comment period that will end 
on May 18, 2015. To allow interested persons additional time to 
consider and submit their responses, the Bureau has determined that an 
extension of the comment period on four of the specific areas of 
interest noted in the original Request for Information--online 
disclosures, grace periods, add-on products, and debt collection--until 
June 17, 2015, is appropriate.

DATES: The comment period for the Request for Information Regarding 
Credit Card Market, published March 19, 2015, at 80 FR 14365, is 
extended with respect to four areas of interest. Responses on those 
areas of interest specifically extended must now be received on or 
before June 17, 2015; the deadline for responses on all other areas 
remains unchanged.

ADDRESSES: You may submit comments, identified by Docket No. CFPB-2015-
0007, by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Monica Jackson, Office of the Executive Secretary, 
Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC 
20552.
     Hand Delivery/Courier: Monica Jackson, Office of the 
Executive Secretary, Consumer Financial Protection Bureau, 1275 First 
Street NE., Washington, DC 20002.
    Instructions: All submissions should include the agency name and 
docket number for this proposal. Because paper mail in the Washington, 
DC area and at the Bureau is subject to delay, commenters are 
encouraged to submit comments electronically. In general, all comments 
received will be posted without change to http://www.regulations.gov. 
In addition, comments will be available for public inspection and 
copying at 1275 First Street NE., Washington, DC 20002, on official 
business days between the hours of 10 a.m. and 5 p.m. eastern standard 
time. You can make an appointment to inspect the documents by 
telephoning (202) 435-7275.
    All comments, including attachments and other supporting materials, 
will become part of the public record and subject to public disclosure. 
Sensitive personal information, such as account numbers or social 
security numbers, should not be included. Comments generally will not 
be edited to remove any identifying or contact information.

FOR FURTHER INFORMATION CONTACT: For general inquiries, submission 
process questions, or any additional information, please contact Monica 
Jackson, Office of the Executive Secretary, 202-435-7275.

SUPPLEMENTARY INFORMATION: On March 19, 2015, the Bureau published the 
Request for Information in the Federal Register, 80 FR 14365. The 
Request for Information seeks comment, data, and information from the 
public on the state of the credit card market, both generally and 
specifically to 12 issues and areas specifically identified by the 
Bureau.
    Since publication, the Bureau has received multiple requests for 
extension of the comment deadline. While the Bureau believes the 
initial deadline should provide sufficient time for the public to 
comment on these matters, it wants to ensure that all interested 
parties are able to provide information and insight to the Bureau as it 
seeks greater understanding of the credit card market.
    The Bureau wants to balance interested parties' desire to have 
additional time to consider the issues raised in the Request for 
Information, gather data, and prepare their responses, with the need to 
proceed expeditiously to consider comments. By extending the comment 
period for certain issues, the Bureau believes that it is effectively 
striking that balance. The Bureau believes that a 30-day extension on 
four of the twelve issues raised in the Request for Information--online 
disclosures, grace periods, add-on products, and debt collection--is 
appropriate, as these questions focus on particular areas of potential 
policy concern and may require additional time to respond. The comment 
period for those four issues will therefore close on June 17, 2015; the 
deadline for comments on all other areas and issues remains unchanged.

    Dated: May 5, 2015.
Christopher A. D'Angelo,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2015-11496 Filed 5-12-15; 8:45 am]
 BILLING CODE 4810-AM-P

27294 Federal Register / Vol. 80, No. 92 / Wednesday, May 13, 2015 / Notices

ACTION: Notice. Washington, DC 20581; phone: (202) collection techniques or other forms of
418–5958; fax: (202) 418–5567; email: information technology; e.g., permitting
SUMMARY: The Commodity Futures rschwartz@cftc.gov, and refer to OMB electronic submission of responses.
Trading Commission (‘‘CFTC’’ or Control No. 3038–0033. All comments must be submitted in
‘‘Commission’’) is announcing an English, or if not, accompanied by an
SUPPLEMENTARY INFORMATION: Under the
opportunity for public comment on the English translation. Comments will be
PRA, Federal agencies must obtain
proposed collection of certain posted as received to http://
approval from the Office of Management
information by the agency. Under the www.cftc.gov. You should submit only
and Budget (‘‘OMB’’) for each collection
Paperwork Reduction Act of 1995 information that you wish to make
of information that they conduct or
(‘‘PRA’’), Federal agencies are required available publicly. If you wish the
sponsor. ‘‘Collection of information’’ is
to publish notice in the Federal Register Commission to consider information
defined in 44 U.S.C. 3502(3) and 5 CFR
concerning each proposed collection of that you believe is exempt from
1320.3(c) and includes agency requests
information, including each proposed disclosure under the Freedom of
or requirements that members of the
extension of an existing collection of Information Act, a petition for
public submit reports, keep records, or
information, and to allow 60 days for confidential treatment of the exempt
provide information to a third party.
public comment in response to the information may be submitted according
Section 3506(c)(2)(A) of the PRA, 44
notice. This notice solicits comments on to the procedures established in § 145.9
U.S.C. 3506(c)(2)(A), requires Federal
the rule requiring notification of of the Commission’s regulations.1 The
agencies to provide a 60-day notice in
pending legal proceedings. Commission reserves the right, but shall
the Federal Register concerning each
DATES: Comments must be submitted on proposed collection of information, have no obligation, to review, pre-
or before July 13, 2015. including each proposed extension of an screen, filter, redact, refuse or remove
ADDRESSES: You may submit comments, existing collection of information, any or all of your submission from
identified by OMB Control No. 3038– before submitting the collection to OMB http://www.cftc.gov that it may deem to
0033 by any of the following methods: for approval. To comply with this be inappropriate for publication, such as
• The Agency’s Web site, at http:// requirement, the CFTC is publishing obscene language. All submissions that
comments.cftc.gov/. Follow the notice of the proposed collection of have been redacted or removed that
instructions for submitting comments information listed below. contain comments on the merits of the
through the Web site. With respect to the following Information Collection Request will be
• Mail: Christopher Kirkpatrick, collection of information, the CFTC retained in the public comment file and
Secretary of the Commission, invites comments on: will be considered as required under the
Commodity Futures Trading • Whether the proposed collection of Administrative Procedure Act and other
Commission, Three Lafayette Centre, information is necessary for the proper applicable laws, and may be accessible
1155 21st Street NW., Washington, DC performance of the functions of the under the Freedom of Information Act.
20581. Commission, including whether the Title: Notification of Pending Legal
• Hand Delivery/Courier: Same as information will have a practical use; Proceedings Pursuant to 17 CFR 1.60,
Mail above. • The accuracy of the Commission’s OMB Control Number 3038–0033-
Please submit your comments using estimate of the burden of the proposed Extension.
only one method. collection of information, including the Abstract: The rule is designed to assist
• Federal eRulemaking Portal: http:// validity of the methodology and the Commission in monitoring legal
www.regulations.gov/. Follow the assumptions used; proceedings involving the
instructions for submitting comments • Ways to enhance the quality, responsibilities imposed on contract
through the Portal. usefulness, and clarity of the markets and their officials and futures
Please submit your comments using information to be collected; and commission merchants and their
only one method. • Ways to minimize the burden of principals by the Commodity Exchange
FOR FURTHER INFORMATION CONTACT: Rob collection of information on those who Act, or otherwise.
Schwartz, Office of General Counsel, are to respond, including through the Burden: The Commission estimates
Commodity Futures Trading use of appropriate automated electronic, the burden of this collection of
Commission, 1155 21st Street NW., mechanical, or other technological information as follows:

ESTIMATED ANNUAL REPORTING BURDEN
Annual Total annual Hours per
17 CFR section number of Total hours
responses response
respondents

1.60 .................................................................................................................. 105 1 .20 .20

There are no capital costs or operating Dated: May 7, 2015. BUREAU OF CONSUMER FINANCIAL
and maintenance costs associated with Robert N. Sidman, PROTECTION
asabaliauskas on DSK5VPTVN1PROD with NOTICES

this collection. Deputy Secretary of the Commission. [Docket No. CFPB–2015–0007]
(Authority: 44 U.S.C. 3501 et seq.) [FR Doc. 2015–11507 Filed 5–12–15; 8:45 am]
BILLING CODE 6351–01–P Partial Extension of Comment Deadline
on CARD Act Request for Information
AGENCY: Bureau of Consumer Financial
Protection.

1 17 CFR 145.9.

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Document Created: 2015-12-16 07:46:25
Document Modified: 2015-12-16 07:46:25

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice; extension of comment period.
Dates		The comment period for the Request for Information Regarding Credit Card Market, published March 19, 2015, at 80 FR 14365, is extended with respect to four areas of interest. Responses on those areas of interest specifically extended must now be received on or before June 17, 2015; the deadline for responses on all other areas remains unchanged.
Contact		For general inquiries, submission process questions, or any additional information, please contact Monica Jackson, Office of the Executive Secretary, 202-435-7275.
FR Citation		80 FR 27294