80_FR_56730 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

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)

Page Range56549-56550
FR Document2015-23403

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.

Federal Register, Volume 80 Issue 181 (Friday, September 18, 2015)
[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]


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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
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                                                                                                        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
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
DatesComments must be received by October 19, 2015.
ContactShaquita 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 Citation80 FR 56549 

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