80 FR 66881 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 80, Issue 210 (October 30, 2015)

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (Bureau) is proposing a new information collection for Office of Management and Budget (OMB) approval titled, ``Policy on No-Action Letters.''

[Federal Register Volume 80, Number 210 (Friday, October 30, 2015)]
[Notices]
[Page 66881]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27715]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2015-0045]


Agency Information Collection Activities: Submission for OMB 
Review; 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 proposing a new 
information collection for Office of Management and Budget (OMB) 
approval titled, ``Policy on No-Action Letters.''

DATES: Written comments are encouraged and must be received on or 
before November 30, 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.
     OMB: Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503 or fax to (202) 395-5806. 
Mailed or faxed comments to OMB should be to the attention of the OMB 
Desk Officer for the Bureau of Consumer Financial Protection.
    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.reginfo.gov 
(this link active on the day following publication of this notice). 
Select ``Information Collection Review,'' under ``Currently under 
review, use the dropdown menu ``Select Agency'' and select ``Consumer 
Financial Protection Bureau'' (recent submissions to OMB will be at the 
top of the list). The same documentation is also available at http://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 email box.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Policy on No-Action Letters.
    OMB Control Number: 3170-XXXX (will be assigned upon OMB approval).
    Type of Review: New Collection (Request for a new OMB control 
number).
    Affected Public: Private Sector.
    Estimated Number of Respondents: 3.
    Estimated Total Annual Burden Hours: 300.
    Abstract: The Policy provides a process for requesters to submit to 
Bureau staff a request that the staff issue a no-objection letter to 
proposed conduct, subject to specified conditions and limitations. 
Issuance of no-action letters, under the Policy, would be discretionary 
on the part of Bureau staff. The information will be collected from 
persons who request a no-action letter from Bureau staff. It will be 
used by Bureau staff to determine whether issuance of a no-action 
letter is warranted.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on October 16, 2014, (79 FR 62118). Comments were solicited and 
continue to be 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 OMB approval. All 
comments will become a matter of public record.

    Dated: October 23, 2015.
Linda F. Powell,
Chief Data Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2015-27715 Filed 10-29-15; 8:45 am]
BILLING CODE 4810-AM-P