81 FR 38691 - Agency Information Collection Activities: Comment Request
BUREAU OF CONSUMER FINANCIAL PROTECTION Federal Register Volume 81, Issue 114 (June 14, 2016)
Federal Register Volume 81, Issue 114 (June 14, 2016)
| Page Range | 38691-38691 | |
| FR Document | 2016-14025 |
[Federal Register Volume 81, Number 114 (Tuesday, June 14, 2016)] [Notices] [Page 38691] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14025] ----------------------------------------------------------------------- BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No: CFPB-2016-0031] Agency Information Collection Activities: Comment Request AGENCY: Bureau of Consumer Financial Protection. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), the Bureau of Consumer Financial Protection (Bureau) is requesting to renew the Office of Management and Budget (OMB) approval for an existing information collection titled, ``Truth in Savings (Regulation DD) 12 CFR 1030.'' DATES: Written comments are encouraged and must be received on or before August 15, 2016 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. Mail: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552. Hand Delivery/Courier: Consumer Financial Protection Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 20002. 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.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 mailbox. SUPPLEMENTARY INFORMATION: Title of Collection: Truth in Savings (Regulation DD) 12 CFR 1030. OMB Control Number: 3170-0004. Type of Review: Extension without change of a currently approved collection. Affected Public: Private sector (non-credit union depository institutions). Estimated Number of Respondents: 129. Estimated Total Annual Burden Hours: 573,008. Abstract: Consumers rely on the disclosures required by The Truth in Savings Act (TISA) and Regulation DD to facilitate informed decision-making regarding deposit accounts offered at depository institutions. Without this information, consumers would be severely hindered in their ability to assess the true costs and terms of the deposit accounts offered. Federal agencies and private litigants use the records to ascertain whether accurate and complete disclosures of depository accounts have been provided to consumers. This information also provides the primary evidence of law violations in TISA enforcement actions brought by the Bureau. Without the Regulation DD recordkeeping requirement, the Bureau's ability to enforce TISA would be significantly impaired. Request for Comments: Comments are 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: June 7, 2016. Darrin A. King, Paperwork Reduction Act Officer, Bureau of Consumer Financial Protection. [FR Doc. 2016-14025 Filed 6-13-16; 8:45 am] BILLING CODE 4810-AM-P
![Federal Register / Vol. 81, No. 114 / Tuesday, June 14, 2016 / Notices 38691
consumers and are critical partners in SUMMARY: In accordance with the depository institutions. Without this
promoting transparency and Paperwork Reduction Act of 1995 information, consumers would be
competition in the consumer financial (PRA), the Bureau of Consumer severely hindered in their ability to
products marketplace, eliminating Financial Protection (Bureau) is assess the true costs and terms of the
unfair and unlawfully discriminatory requesting to renew the Office of deposit accounts offered. Federal
practices, and enforcing consumer Management and Budget (OMB) agencies and private litigants use the
financial laws. The outreach activities approval for an existing information records to ascertain whether accurate
performed by IGA will collect low- collection titled, ‘‘Truth in Savings and complete disclosures of depository
burden, non-generalizable information (Regulation DD) 12 CFR 1030.’’ accounts have been provided to
through this GICP on trends in DATES: Written comments are consumers. This information also
consumer financial markets, encouraged and must be received on or provides the primary evidence of law
enforcement actions, regulatory and before August 15, 2016 to be assured of violations in TISA enforcement actions
supervisory issues, and consumer needs consideration. brought by the Bureau. Without the
at the State, local, and tribal levels. Most ADDRESSES: You may submit comments, Regulation DD recordkeeping
of this information will be in the form identified by the title of the information requirement, the Bureau’s ability to
of government representatives providing collection, OMB Control Number (see enforce TISA would be significantly
impressions and overviews of their below), and docket number (see above), impaired.
activities. Information will be collected by any of the following methods: Request for Comments: Comments are
on an occasional and voluntary basis • Electronic: http:// invited on: (a) Whether the collection of
from State, local, and tribal governments www.regulations.gov. Follow the information is necessary for the proper
and from their respective trade instructions for submitting comments. performance of the functions of the
associations. • Mail: Consumer Financial Bureau, including whether the
Request for Comments: The Bureau Protection Bureau (Attention: PRA information will have practical utility;
issued a 60-day Federal Register notice Office), 1700 G Street NW., Washington, (b) The accuracy of the Bureau’s
on March 28, 2016 (81 FR 17146). DC 20552. estimate of the burden of the collection
Comments were solicited and continue • Hand Delivery/Courier: Consumer of information, including the validity of
to be invited on: (a) Whether the Financial Protection Bureau (Attention: the methods and the assumptions used;
collection of information is necessary PRA Office), 1275 First Street NE., (c) Ways to enhance the quality, utility,
for the proper performance of the Washington, DC 20002. and clarity of the information to be
functions of the Bureau, including Please note that comments submitted collected; and (d) Ways to minimize the
whether the information will have after the comment period will not be burden of the collection of information
practical utility; (b) The accuracy of the accepted. In general, all comments on respondents, including through the
Bureau’s estimate of the burden of the received will become public records, use of automated collection techniques
collection of information, including the including any personal information or other forms of information
validity of the methods and the provided. Sensitive personal technology. Comments submitted in
assumptions used; (c) Ways to enhance information, such as account numbers response to this notice will be
the quality, utility, and clarity of the or social security numbers, should not summarized and/or included in the
information to be collected; and (d) be included. request for OMB approval. All
Ways to minimize the burden of the FOR FURTHER INFORMATION CONTACT: comments will become a matter of
collection of information on Documentation prepared in support of public record.
respondents, including through the use this information collection request is Dated: June 7, 2016.
of automated collection techniques or available at www.regulations.gov. Darrin A. King,
other forms of information technology. Requests for additional information Paperwork Reduction Act Officer, Bureau of
Comments submitted in response to this should be directed to the Consumer Consumer Financial Protection.
notice will be summarized and/or Financial Protection Bureau, (Attention: [FR Doc. 2016–14025 Filed 6–13–16; 8:45 am]
included in the request for OMB PRA Office), 1700 G Street NW., BILLING CODE 4810–AM–P
approval. All comments will become a Washington, DC 20552, (202) 435–9575,
matter of public record. or email: CFPB_PRA@cfpb.gov. Please
Dated: June 8, 2016. do not submit comments to this
DEPARTMENT OF DEFENSE
Darrin A. King, mailbox.
Paperwork Reduction Act Officer, Bureau of SUPPLEMENTARY INFORMATION: Department of the Army
Consumer Financial Protection. Title of Collection: Truth in Savings [Docket ID: USA–2015–0019]
[FR Doc. 2016–14024 Filed 6–13–16; 8:45 am] (Regulation DD) 12 CFR 1030.
BILLING CODE 4810–AM–P OMB Control Number: 3170–0004. Proposed Collection; Comment
Type of Review: Extension without Request
change of a currently approved
BUREAU OF CONSUMER FINANCIAL collection. AGENCY: Deputy Chief of Staff, G–1,
PROTECTION Affected Public: Private sector (non- Technology and Business Architecture
credit union depository institutions). Integration Directorate, Army Library
Estimated Number of Respondents: Program, DoD.
[Docket No: CFPB–2016–0031]
srobinson on DSK5SPTVN1PROD with NOTICES
129. ACTION: Notice.
Agency Information Collection Estimated Total Annual Burden
Activities: Comment Request Hours: 573,008. SUMMARY: In compliance with the
Abstract: Consumers rely on the Paperwork Reduction Act of 1995, the
AGENCY: Bureau of Consumer Financial disclosures required by The Truth in Deputy Chief of Staff, G–1, Technology
Protection. Savings Act (TISA) and Regulation DD and Business Architecture Integration
to facilitate informed decision-making Directorate, Army Library Program
ACTION: Notice and request for comment.
regarding deposit accounts offered at announces a proposed public
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Document Created: 2016-06-14 02:59:01
Document Modified: 2016-06-14 02:59:01
| 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 | |
| Action | Notice and request for comment. | |
| Dates | Written comments are encouraged and must be received on or before August 15, 2016 to be assured of consideration. | |
| Contact | Documentation prepared in support of this information collection request is available at 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 mailbox. | |
| FR Citation | 81 FR 38691 |
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