81 FR 15128 - Agency Information Collection Activities: Proposed eCollection eComments Requested Monitoring Information Collections
DEPARTMENT OF JUSTICE Federal Register Volume 81, Issue 54 (March 21, 2016)
Federal Register Volume 81, Issue 54 (March 21, 2016)
| Page Range | 15128-15129 | |
| FR Document | 2016-06224 |
[Federal Register Volume 81, Number 54 (Monday, March 21, 2016)] [Notices] [Pages 15128-15129] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-06224] ----------------------------------------------------------------------- DEPARTMENT OF JUSTICE [OMB Number 1103-0100] Agency Information Collection Activities: Proposed eCollection eComments Requested Monitoring Information Collections AGENCY: Community Orient Policing Services, Department of Justice. ACTION: 30-Day notice. ----------------------------------------------------------------------- SUMMARY: The Department of Justice (DOJ) Office of Community Oriented Policing Services (COPS) will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995. The proposed information collection was previously published in the Federal Register at 81 FR 1443, on January 12, 2016, to obtain comments from the public and affected agencies. DATES: The purpose of this notice is to allow for an additional 30 days until April 20, 2016. FOR FURTHER INFORMATION CONTACT: If you have comments especially on the [[Page 15129]] estimated public burden or associated response time, suggestions, or need a copy of the proposed information collection instrument with instructions or additional information, please contact Lashon M. Hilliard, Department of Justice Office of Community Oriented Policing Services, 145 N Street NE., Washington, DC 20530. Written comments and/ or suggestions can also be directed to the Office of Management and Budget, Office of Information and Regulatory Affairs, Attention Department of Justice Desk Officer, Washington, DC 20530 or sent to [email protected]. SUPPLEMENTARY INFORMATION: Written comments and suggestions from the public and affected agencies concerning the proposed collection of information are encouraged. Your comments should address one or more of the following four points: --Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; --Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; --Enhance the quality, utility, and clarity of the information to be collected; and --Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Overview of This Information Collection (1) Type of Information Collection: Extension of a currently approved collection. (2) Title of the Form/Collection: Monitoring Information Collections. (3) Agency form number: 1103-0100 U.S. Department of Justice Office of Community Oriented Policing Services. (4) Affected public who will be asked or required to respond, as well as a brief abstract: Primary: COPS Office hiring grantees that are selected for in-depth monitoring of their grant implementation and equipment grantees that report using COPS funds to implement a criminal intelligence system will be required to respond. The Monitoring Information Collections include two types of information collections: the Monitoring Request for Documentation and the 28 CFR part 23 Monitoring Kit. (5) An estimate of the total number of respondents and the amount of time estimated for an average respondent to respond/reply: It is estimated that 150 respondents annually will complete the Monitoring Request for Documentation at 3 hours per respondent. (6) An estimate of the total public burden (in hours) associated with the collection: There are an estimated 450 total annual burden hours associated with this collection. If additional information is required contact: Jerri Murray, Department Clearance Officer, United States Department of Justice, Justice Management Division, Policy and Planning Staff, Two Constitution Square, 145 N Street NE., Room 3E.405B, Washington, DC 20530. Dated: March 15, 2016. Jerri Murray, Department Clearance Officer for PRA, U.S. Department of Justice. [FR Doc. 2016-06224 Filed 3-18-16; 8:45 am] BILLING CODE 4410-AT-P
![15128 Federal Register / Vol. 81, No. 54 / Monday, March 21, 2016 / Notices
to the lenders, while 5 percent went to Both companies sell the products Lenders Tend To Charge the Maximum
pay actual insurance claims. A similar through affiliates; for both companies, Rate Permitted Under State Law
pattern holds for the sale of its accident these affiliates are significant parts of In its 2012 annual report to investors,
and health policies sold in junction their business. For example, Springleaf a national consumer installment lender
with the loan—in one state, Georgia, in notes that financed insurance premiums noted ‘‘that virtually all participants in
2011, 56 percent went back to the account for 4% of the aggregate the small-loan consumer finance
lenders, and only 14 percent went to principal loan balance, and for industry charge at or close to the
claims.16 OneMain, they represented 5.3% of the maximum rates permitted under
A series of enforcement actions by the aggregate principal balance of OneMain applicable state laws in those states
Consumer Financial Protection Bureau Financial’s personal loan portfolio as of with interest rate limitations.’’ 22
provides important examples of how December 31, 2013. Similarly, in an in-depth examination of
add-on products can be used to increase In North Carolina, where Springleaf the consumer installment lending
the cost of using a credit card, both at and OneMain comprise the two largest industry, the NC Commission on Banks
the time the account is opened and later lenders, the sale of insurance products determined that ‘‘licensees were
in the relationship.17 In July 2012, the on installment loans made by consumer charging the maximum blended rate
CFPB issued a bulletin describing its finance companies is more than double allowable.’’ 23 There is no competition
supervisory experience with add-on the number of loans originated, on price in this market—rather, any
products and clarifying the steps that indicating that a single loan is often competition is centered around store
supervised institutions should take to stacked with multiple insurance
location and branding. For consumers,
ensure that add-on products do not products.20
the presence of more or different lenders
harm consumers or violate federal Further indicative that some lenders
use credit insurance or other add-on in a community will have no
law.18 The bulletin discussed
sales to drive up loan costs is the fact meaningful impact on the cost of
expectations around the marketing of
that installment lenders tack on add-on installment loans.
add-on products and associated We urge the Department to consider
employee compensation guidelines to products in states that have lower
this information carefully, and to clarify
ensure that financial institutions do not statutory caps on interest, but do not do
its statement that these loans are helpful
create an incentive to provide so in states that allow for higher interest
to communities in need. As this
inaccurate information. The bulletin rates.21
A survey by the North Carolina Justice information shows, too often these loans
also highlighted the need to ensure that
Center puts a point on how add-ons lead to financial harm, not help.
consumers are not required to purchase
products as a condition of obtaining help drive refinancings. The survey of [FR Doc. 2016–06238 Filed 3–18–16; 8:45 am]
credit. 50 cases filed by consumer finance BILLING CODE P
As noted in reports to investors, both lenders in Wake County, North
Springleaf and OneMain sell various Carolina, found that where there was
ancillary products, such as credit evidence of refinancing, a majority of DEPARTMENT OF JUSTICE
insurance and membership products, the ‘‘payout’’ went towards paying [OMB Number 1103–0100]
which are typically financed into the credit insurance fees. The average
principal of the loan upon origination.19 amount disbursed to borrowers was less Agency Information Collection
than $1.50. Activities: Proposed eCollection
16 Id. eComments Requested Monitoring
17 See summary of CFPB enforcement actions in shareholder.com/downloads/AMDA-28PMI5/13218 Information Collections
Comments of Center for Responsible Lending, 42233x0x867148/8308BAA5-B813-4111-84BC-
National Consumer Law Center, Consumer 31DCD0DD0918/OMFIT_2015-3_-_Final_PPM.pdf AGENCY: Community Orient Policing
Federation of America, Consumer Action, and U.S. ‘‘OneMain Financial offers its customers optional Services, Department of Justice.
PIRG, to U.S Department of Defense, December 31, credit insurance products and membership
2014, http://www.responsiblelending.org/sites/ programs, and the premiums and fees for these ACTION: 30-Day notice.
default/files/nodes/files/research-publication/mla_ products and programs typically are financed as
comments_12242014.pdf. part of the principal balance of the applicable SUMMARY: The Department of Justice
18 Marketing of Credit Card Add-on Products. personal loan. See ‘‘Underwriting Process and (DOJ) Office of Community Oriented
CFPB Bulletin 2012–06. Washington, DC: Consumer Standards—Optional Products: Credit Insurance Policing Services (COPS) will be
Financial Protection Bureau, July 18, 2012. http:// and Membership Program’’ in this private
files.consumerfinance.gov/f/201207_cfpb_bulletin_ placement memorandum. This represents submitting the following information
marketing_of_credit_card_addon_products.pdf. approximately 4.9% of the aggregate principal collection request to the Office of
19 Springleaf Financial Services, 2015–B Private balance of OneMain Financial’s personal loan Management and Budget (OMB) for
Placement Memorandum, http:// portfolio as of June 30, 2015. . . . OneMain review and approval in accordance with
investor.springleaffinancial.com/asset-backed- Financial offers optional insurance products to its
securities.cfm ‘‘Springleaf, Springleaf sells credit customers through its affiliated insurance the Paperwork Reduction Act of 1995.
insurance products to its personal loan borrowers. companies American Health and Life Insurance, Co. The proposed information collection
These products are provided by a group of (‘‘AHL’’), and Triton Insurance Company (‘‘Triton’’ was previously published in the Federal
Springleaf-affiliated insurance companies and and together with AHL, ‘‘Citi Assurance Services’’
or ‘‘CAS’’), as described below under ‘‘Underwriting
Register at 81 FR 1443, on January 12,
insure the personal loan borrower’s payment
obligations on the related personal loan in the event Process and Standards—Optional Products: Credit 2016, to obtain comments from the
of such personal loan borrower’s inability to make Insurance and Membership Program’’ in this public and affected agencies.
monthly payments due to death, disability or private placement memorandum. AHL and Triton DATES: The purpose of this notice is to
involuntary unemployment. Payment of the are wholly-owned subsidiaries of CCC.
associated premiums can be made by the Borrower 20 The North Carolina Commissioner of Banks’s allow for an additional 30 days until
separately, but except in very rare instances, the 2014 Consumer Finance Annual Report showed April 20, 2016.
mstockstill on DSK4VPTVN1PROD with NOTICES
personal loan borrower finances payment of the more than 1.2 million credit insurance products FOR FURTHER INFORMATION CONTACT: If
premium and it is included in the principal balance were sold on only 495,682 loans. http://www.nccob.
of the applicable personal loan. The financing of org/Public/docs/Financial%20Institutions/
you have comments especially on the
credit insurance products premiums generally Consumer%20Finance/2014_Annual_Report.pdf
represents approximately 4.00% of the aggregate 21 Kiel, Paul, ‘‘The 182 Percent Loan: How 22 World Acceptance Corporation, SEC Filing 10–
principal balance of Springleaf’s personal loan Installment Lenders Put Borrowers in a World of K, March 31, 2012.
portfolio.’’ Hurt,’’ ProPublica, May 13, 2014. http://www. 23 N.C. Commissioner of Banks, ‘‘The Consumer
OneMain Financial, OMFIT 2015–3 Private propublica.org/article/installment-loans-world- Finance Act: Report and Recommendations to the
Placement Memorandum, at 91, http://files. finance. 2011 General Assembly.’’ February 2011.
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![Federal Register / Vol. 81, No. 54 / Monday, March 21, 2016 / Notices 15129
estimated public burden or associated information collections: the Monitoring Policing Services, 145 N Street NE.,
response time, suggestions, or need a Request for Documentation and the 28 Washington, DC 20530. Written
copy of the proposed information CFR part 23 Monitoring Kit. comments and/or suggestions can also
collection instrument with instructions (5) An estimate of the total number of be directed to the Office of Management
or additional information, please respondents and the amount of time and Budget, Office of Information and
contact Lashon M. Hilliard, Department estimated for an average respondent to Regulatory Affairs, Attention
of Justice Office of Community Oriented respond/reply: It is estimated that 150 Department of Justice Desk Officer,
Policing Services, 145 N Street NE., respondents annually will complete the Washington, DC 20530 or sent to OIRA_
Washington, DC 20530. Written Monitoring Request for Documentation submissions@omb.eop.gov.
comments and/or suggestions can also at 3 hours per respondent. SUPPLEMENTARY INFORMATION: Written
be directed to the Office of Management (6) An estimate of the total public comments and suggestions from the
and Budget, Office of Information and burden (in hours) associated with the public and affected agencies concerning
Regulatory Affairs, Attention collection: There are an estimated 450 the proposed collection of information
Department of Justice Desk Officer, total annual burden hours associated are encouraged. Your comments should
Washington, DC 20530 or sent to OIRA_ with this collection. address one or more of the following
submissions@omb.eop.gov. If additional information is required four points:
SUPPLEMENTARY INFORMATION: Written contact: Jerri Murray, Department —Evaluate whether the proposed
comments and suggestions from the Clearance Officer, United States collection of information is necessary
public and affected agencies concerning Department of Justice, Justice for the proper performance of the
the proposed collection of information Management Division, Policy and functions of the agency, including
are encouraged. Your comments should Planning Staff, Two Constitution whether the information will have
address one or more of the following Square, 145 N Street NE., Room practical utility;
four points: 3E.405B, Washington, DC 20530. —Evaluate the accuracy of the agency’s
—Evaluate whether the proposed Dated: March 15, 2016. estimate of the burden of the
collection of information is necessary Jerri Murray, proposed collection of information,
for the proper performance of the Department Clearance Officer for PRA, U.S. including the validity of the
functions of the agency, including Department of Justice. methodology and assumptions used;
whether the information will have [FR Doc. 2016–06224 Filed 3–18–16; 8:45 am] —Enhance the quality, utility, and
practical utility; BILLING CODE 4410–AT–P clarity of the information to be
—Evaluate the accuracy of the agency’s collected; and
estimate of the burden of the —Minimize the burden of the collection
proposed collection of information, DEPARTMENT OF JUSTICE of information on those who are to
including the validity of the respond, including through the use of
[OMB Number 1103–0098]
methodology and assumptions used; appropriate automated, electronic,
—Enhance the quality, utility, and Agency Information Collection mechanical, or other technological
clarity of the information to be Activities; Proposed eCollection collection techniques or other forms
collected; and eComments Requested; COPS of information technology, e.g.,
—Minimize the burden of the collection Application Package permitting electronic submission of
of information on those who are to responses.
respond, including through the use of AGENCY: Community Oriented Policing
Services, Department of Justice. Overview of This Information
appropriate automated, electronic,
ACTION: 30-Day notice.
Collection
mechanical, or other technological
collection techniques or other forms (1) Type of Information Collection:
of information technology, e.g., SUMMARY: The Department of Justice Revision of a currently approved
permitting electronic submission of (DOJ) Office of Community Oriented collection.
responses. Policing Services (COPS) will be (2) Title of the Form/Collection: COPS
submitting the following information Application Package.
Overview of This Information collection request to the Office of (3) Agency form number: 1103–0098
Collection Management and Budget (OMB) for U.S. Department of Justice Office of
(1) Type of Information Collection: review and approval in accordance with Community Oriented Policing Services.
Extension of a currently approved the Paperwork Reduction Act of 1995. (4) Affected public who will be asked
collection. The proposed information collection or required to respond, as well as a brief
(2) Title of the Form/Collection: was previously published in the Federal abstract:
Monitoring Information Collections. Register at 81 FR 1644, on January 13, Primary: COPS Office grantees.
(3) Agency form number: 1103–0100 2016, to obtain comments from the (5) An estimate of the total number of
U.S. Department of Justice Office of public and affected agencies. respondents and the amount of time
Community Oriented Policing Services. DATES: The purpose of this notice is to estimated for an average respondent to
(4) Affected public who will be asked allow for an additional 30 days for respond/reply: The estimated total
or required to respond, as well as a brief public comment April 20, 2016. number of respondents is 5,000. The
abstract: FOR FURTHER INFORMATION CONTACT: If estimated hourly burden to the
mstockstill on DSK4VPTVN1PROD with NOTICES
Primary: COPS Office hiring grantees you have comments especially on the applicant is 11 hours for each
that are selected for in-depth monitoring estimated public burden or associated respondent to review the instructions
of their grant implementation and response time, suggestions, or need a and complete the application.
equipment grantees that report using copy of the proposed information (6) An estimate of the total public
COPS funds to implement a criminal collection instrument with instructions burden (in hours) associated with the
intelligence system will be required to or additional information, please collection: There are an estimated
respond. The Monitoring Information contact Lashon M. Hilliard, Department 55,000 total annual burden hours
Collections include two types of of Justice Office of Community Oriented associated with this collection.
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Document Created: 2016-03-19 01:00:13
Document Modified: 2016-03-19 01:00:13
| 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 | 30-Day notice. | |
| Dates | The purpose of this notice is to allow for an additional 30 days until April 20, 2016. | |
| Contact | If you have comments especially on the estimated public burden or associated response time, suggestions, or need a copy of the proposed information collection instrument with instructions or additional information, please contact Lashon M. Hilliard, Department of Justice Office of Community Oriented Policing Services, 145 N Street NE., Washington, DC 20530. Written comments and/ or suggestions can also be directed to the Office of Management and Budget, Office of Information and Regulatory Affairs, Attention Department of Justice Desk Officer, Washington, DC 20530 or sent to [email protected] | |
| FR Citation | 81 FR 15128 |
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