80 FR 56549 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies Under the Fair and Accurate Credit Transactions Act
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 80, Issue 181 (September 18, 2015)
Office of the Comptroller of the Currency
Federal Register Volume 80, Issue 181 (September 18, 2015)
| Page Range | 56549-56550 | |
| FR Document | 2015-23403 |
[Federal Register Volume 80, Number 181 (Friday, September 18, 2015)] [Notices] [Pages 56549-56550] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-23403] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies Under the Fair and Accurate Credit Transactions Act AGENCY: Office of the Comptroller of the Currency, Treasury. ACTION: ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The OCC is soliciting comment concerning the renewal of its information collection titled, ``Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies under the Fair and Accurate Credit Transactions Act (FACT Act).'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be received by October 19, 2015. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0238, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326 or by electronic mail to prainfo@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649-6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in [[Page 56550]] order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557-0238, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: oira submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is requesting that OMB extend its approval of this collection of information. Title: Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies under Section 312 of the Fair and Accurate Credit Transactions Act (FACT Act). OMB Control No.: 1557-0238. Description: Section 312 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) requires the issuance of (1) guidelines for use by furnishers regarding the accuracy and integrity of the information about consumers that they furnish to consumer reporting agencies and (2) regulations requiring furnishers to establish reasonable policies and procedures for implementing the guidelines. Section 312 also requires the issuance of regulations identifying the circumstances under which a furnisher must reinvestigate disputes about the accuracy of information contained in a consumer report based on a direct request from a consumer. Twelve CFR 1022.42(a) requires furnishers to establish and implement reasonable written policies and procedures regarding the accuracy and integrity of consumer information that they provide to a consumer reporting agency (CRA). Twelve CFR 1022.43(a) permits consumers to initiate disputes directly with the furnishers in certain circumstances. Furnishers are required to have procedures to ensure that disputes received directly from consumers are handled in a substantially similar manner to those complaints received through CRAs. Twelve 1022.43(f)(2) incorporates the statutory requirement that a furnisher must notify a consumer by mail or other means (if authorized by the consumer) not later than five business days after making a determination that a dispute is frivolous or irrelevant. Twelve CFR 1022.43(f) incorporates the statute's content requirements for the notices. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 1,464 respondents. Estimated Total Annual Burden: 185,443 hours. A 60-day Federal Register notice concerning this collection of information was published on July 7, 2015, 80 FR 38808. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: September 14, 2015. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2015-23403 Filed 9-17-15; 8:45 am] BILLING CODE P
![Federal Register / Vol. 80, No. 181 / Friday, September 18, 2015 / Notices 56549
the sample Call Report forms and the parallel run status) would report total DEPARTMENT OF THE TREASURY
Call Report instruction book for report leverage exposure as calculated under
dates before March 31, 2015, the caption the agencies’ SLR rule. Office of the Comptroller of the
for item 45 and the instructions for this The agencies also are proposing to Currency
item both indicated that, effective for renumber current item 45 of Schedule
report dates on or after January 1, 2015, RC–R, Part I, as item 45.b, to collect an Agency Information Collection
advanced approaches institutions institution’s SLR. The ratio to be Activities: Information Collection
should begin to report their SLR in the reported in item 45.b would equal Tier Renewal; Submission for OMB Review;
Call Report as calculated for purposes of 1 capital reported on Schedule RC–R, Procedures To Enhance the Accuracy
Schedule A, item 98, of the FFIEC 101, Part I, item 26, divided by total leverage and Integrity of Information Furnished
Regulatory Capital Reporting for exposure reported in proposed item to Consumer Reporting Agencies
Institutions Subject to the Advanced 45.a. Renumbered item 45.b would no Under the Fair and Accurate Credit
Capital Adequacy Framework.20 longer reference the FFIEC 101 because Transactions Act
However, the agencies temporarily lower tier depository institutions would AGENCY: Office of the Comptroller of the
suspended the collection of Schedule no longer be calculating or reporting Currency, Treasury.
RC–R, Part I, item 45, before it took their SLRs on the FFIEC 101. ACTION: ACTION: Notice and request for
effect March 31, 2015, due to The reporting of the proposed SLR
comment.
amendments to the SLR rule21 and the information would take effect March 31,
need for updates to the associated SLR 2016. SUMMARY: The OCC, as part of its
data collection in the FFIEC 101. IV. Request for Comment continuing effort to reduce paperwork
The agencies have finalized the most and respondent burden, invites the
recent revisions to the SLR rule, which Public comment is requested on all general public and other Federal
requires all advanced approaches aspects of this joint notice. Comments agencies to take this opportunity to
institutions to disclose three items: the are invited on: comment on a continuing information
numerator of the SLR (Tier 1 capital, (a) Whether the proposed revisions to collection, as required by the Paperwork
which is already reported in Call Report the collections of information that are Reduction Act of 1995.
Schedule RC–R), the denominator of the the subject of this notice are necessary An agency may not conduct or
SLR (total leverage exposure), and the for the proper performance of the sponsor, and a respondent is not
ratio itself.22 As part of the revisions to agencies’ functions, including whether required to respond to, an information
the FFIEC 101, the SLR section of the the information has practical utility; collection unless it displays a currently
FFIEC 101 will apply only to top-tier (b) The accuracy of the agencies’ valid OMB control number.
advanced approaches institutions estimates of the burden of the The OCC is soliciting comment
(generally, bank and savings and loan information collections as they are concerning the renewal of its
holding companies), and not to their proposed to be revised, including the information collection titled,
subsidiary depository institutions. validity of the methodology and ‘‘Procedures to Enhance the Accuracy
Therefore, lower tier advanced assumptions used; and Integrity of Information Furnished
approaches depository institutions (c) Ways to enhance the quality, to Consumer Reporting Agencies under
generally will not report SLR data in the utility, and clarity of the information to the Fair and Accurate Credit
FFIEC 101, and will need to do so in the be collected; Transactions Act (FACT Act).’’ The OCC
Call Report, which would satisfy the (d) Ways to minimize the burden of also is giving notice that it has sent the
SLR disclosure requirement in the information collections on respondents, collection to OMB for review.
revised SLR rule.23 including through the use of automated
DATES: Comments must be received by
Thus, the agencies are proposing to collection techniques or other forms of
information technology; and October 19, 2015.
add a new item 45.a to Schedule RC–R, ADDRESSES: Because paper mail in the
Part I, in which an advanced approaches (e) Estimates of capital or start-up
costs and costs of operation, Washington, DC area and at the OCC is
depository institution (regardless of subject to delay, commenters are
maintenance, and purchase of services
to provide information. encouraged to submit comments by
year-end regulatory report equal to $10 billion or
more (excluding exposures held by an insurance Comments submitted in response to email, if possible. Comments may be
underwriting subsidiary); (iii) is a subsidiary of a this joint notice will be shared among sent to: Legislative and Regulatory
depository institution that uses the advanced the agencies. All comments will become Activities Division, Office of the
approaches to calculate its total risk-weighted Comptroller of the Currency, Attention:
assets; (iv) is a subsidiary of a bank holding
a matter of public record.
company or savings and loan holding company that
1557–0238, 400 7th Street SW., Suite
Dated: September 8, 2015.
uses the advanced approaches to calculate its total 3E–218, Mail Stop 9W–11, Washington,
risk-weighted assets; or (v) elects to use the
Stuart Feldstein, DC 20219. In addition, comments may
advanced approaches to calculate its total risk- Director, Legislative and Regulatory Activities be sent by fax to (571) 465–4326 or by
weighted assets. Division, Office of the Comptroller of the electronic mail to prainfo@occ.treas.gov.
20 OMB numbers: For the OCC, 1557–0239; for Currency.
the Board, 7100–0319; and for the FDIC, 3064–0159. You may personally inspect and
Dated: September 11, 2015. photocopy comments at the OCC, 400
21 See 79 FR 57725 (September 26, 2014). The
amendments to the SLR rule took effect January 1, Michael Lewandowski, 7th Street SW., Washington, DC 20219.
2015. Associate Secretary of the Board, Board of For security reasons, the OCC requires
22 See 80 FR 41409 (July 15, 2015). The disclosure Governors of the Federal Reserve System. that visitors make an appointment to
requirement is set forth in the agencies’ regulatory
tkelley on DSK3SPTVN1PROD with NOTICES
Dated at Washington, DC, this 9th day of inspect comments. You may do so by
capital rules (12 CFR 3.172 (OCC); 12 CFR 217.172
(Board), and 12 CFR 324.172 (FDIC)).
September, 2015. calling (202) 649–6700 or, for persons
23 Because certain depository institutions are Robert E. Feldman, who are deaf or hard of hearing, TTY,
exempt from filing the FFIEC 101, but must still Executive Secretary, Federal Deposit (202) 649–5597. Upon arrival, visitors
report their SLR components and ratio, the agencies Insurance Corporation.
are proposing the depository institution-level
will be required to present valid
collection of SLR data in the Call Report rather than [FR Doc. 2015–23402 Filed 9–17–15; 8:45 am] government-issued photo identification
in the FFIEC 101. BILLING CODE 4810–33P; 6210–01–P; 6714–01–P and submit to security screening in
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![56550 Federal Register / Vol. 80, No. 181 / Friday, September 18, 2015 / Notices
order to inspect and photocopy substantially similar manner to those FOR FURTHER INFORMATION CONTACT:
comments. complaints received through CRAs. Surety Bond Branch at (202) 874–6850.
All comments received, including Twelve 1022.43(f)(2) incorporates the SUPPLEMENTARY INFORMATION: A
attachments and other supporting statutory requirement that a furnisher Certificate of Authority as an acceptable
materials, are part of the public record must notify a consumer by mail or other surety on Federal bonds is hereby
and subject to public disclosure. Do not means (if authorized by the consumer) issued under 31 U.S.C. 9305 to the
include any information in your not later than five business days after following company:
comment or supporting materials that making a determination that a dispute is
Berkshire Hathaway Specialty Insurance
you consider confidential or frivolous or irrelevant. Twelve CFR
Company (NAIC # 22276).
inappropriate for public disclosure. 1022.43(f) incorporates the statute’s BUSINESS ADDRESS: 3024 Harney Street,
Additionally, please send a copy of content requirements for the notices. Omaha, NE., 68131–3580.
your comments by mail to: OCC Desk Type of Review: Extension of a PHONE: (402) 916–3000.
Officer, 1557–0238, U.S. Office of currently approved collection. UNDERWRITING LIMITATION b/:
Management and Budget, 725 17th Affected Public: Businesses or other $323,414,000.
Street NW., #10235, Washington, DC for-profit. SURETY LICENSES c/: AL, AR, CO, FL, ID,
20503, or by email to: oira submission@ Estimated Number of Respondents: IN, IA, ME, MD, MN, MT, NE., NJ, NC, ND,
1,464 respondents. PA, RI, SD, TX, UT, VT,WV, WI, WY.
omb.eop.gov. INCORPORATED IN: Nebraska.
Estimated Total Annual Burden:
FOR FURTHER INFORMATION CONTACT:
185,443 hours. Federal bond-approving officers
Shaquita Merritt, OCC Clearance A 60-day Federal Register notice should annotate their reference copies
Officer, (202) 649–5490, for persons concerning this collection of of the Treasury Circular 570
who are deaf or hard of hearing, TTY, information was published on July 7, (‘‘Circular’’), 2015 Revision, to reflect
(202) 649–5597, Legislative and 2015, 80 FR 38808. No comments were this addition.
Regulatory Activities Division, Office of received. Comments continue to be Certificates of Authority expire on
the Comptroller of the Currency, 400 7th invited on: June 30th each year, unless revoked
Street SW., Washington, DC 20219. (a) Whether the collection of prior to that date. The Certificates are
SUPPLEMENTARY INFORMATION: The OCC information is necessary for the proper subject to subsequent annual renewal as
is requesting that OMB extend its performance of the functions of the long as the companies remain qualified
approval of this collection of OCC, including whether the information (see 31 CFR part 223). A list of qualified
information. has practical utility; companies is published annually as of
Title: Procedures to Enhance the (b) The accuracy of the OCC’s July 1st in the Circular, which outlines
Accuracy and Integrity of Information estimate of the burden of the collection details as to the underwriting
Furnished to Consumer Reporting of information; limitations, areas in which companies
Agencies under Section 312 of the Fair (c) Ways to enhance the quality, are licensed to transact surety business,
and Accurate Credit Transactions Act utility, and clarity of the information to and other information.
(FACT Act). be collected; The Circular may be viewed and
OMB Control No.: 1557–0238. (d) Ways to minimize the burden of downloaded through the Internet at
Description: Section 312 of the Fair the collection on respondents, including http://www.fiscal.treasury.gov/fsreports/
and Accurate Credit Transactions Act of through the use of automated collection ref/suretyBnd/surety_home.htm.
2003 (FACT Act) requires the issuance techniques or other forms of information Questions concerning this notice may
of (1) guidelines for use by furnishers technology; and be directed to the U.S. Department of
regarding the accuracy and integrity of (e) Estimates of capital or start-up the Treasury, Bureau of the Fiscal
the information about consumers that costs and costs of operation, Service, Surety Bond Branch, 3700 East-
they furnish to consumer reporting maintenance, and purchase of services West Highway, Room 6D22, Hyattsville,
agencies and (2) regulations requiring to provide information. MD 20782.
furnishers to establish reasonable Dated: September 14, 2015. Dated: September 8, 2015.
policies and procedures for Mary H. Gottlieb,
Kevin McIntyre,
implementing the guidelines. Section Regulatory Specialist, Legislative and
312 also requires the issuance of Manager, Financial Accounting and Services
Regulatory Activities Division.
Branch, Bureau of the Fiscal Service.
regulations identifying the [FR Doc. 2015–23403 Filed 9–17–15; 8:45 am]
circumstances under which a furnisher [FR Doc. 2015–23446 Filed 9–17–15; 8:45 am]
BILLING CODE P
must reinvestigate disputes about the BILLING CODE 4810–35–P
accuracy of information contained in a
consumer report based on a direct DEPARTMENT OF THE TREASURY
request from a consumer. DEPARTMENT OF VETERANS
Twelve CFR 1022.42(a) requires Fiscal Service AFFAIRS
furnishers to establish and implement
reasonable written policies and Surety Companies Acceptable on Publication of Choice Act Section 201
procedures regarding the accuracy and Federal Bonds: Berkshire Hathaway Independent Assessments
integrity of consumer information that Specialty Insurance Company
AGENCY: Department of Veterans Affairs.
they provide to a consumer reporting AGENCY: Bureau of the Fiscal Service, ACTION: Notice.
agency (CRA). Fiscal Service, Department of the
tkelley on DSK3SPTVN1PROD with NOTICES
Twelve CFR 1022.43(a) permits Treasury. SUMMARY: The Department of Veterans
consumers to initiate disputes directly ACTION: Notice. Affairs (VA), the Commission on Care,
with the furnishers in certain the Senate Veterans’ Affairs Committee,
circumstances. Furnishers are required SUMMARY: This is Supplement No. 2 to and the House Veterans’ Affairs
to have procedures to ensure that the Treasury Department Circular 570, Committee have received the final
disputes received directly from 2015 Revision, published July 1, 2015, report on the independent assessment of
consumers are handled in a at 80 FR 37735. VA health care processes as required
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Document Created: 2015-12-15 09:28:01
Document Modified: 2015-12-15 09:28:01
| 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 | |
| Dates | Comments must be received by October 19, 2015. | |
| Contact | Shaquita Merritt, OCC Clearance Officer, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. | |
| FR Citation | 80 FR 56549 |
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