81 FR 62767 - Agency Information Collection Activities: Proposed Collection; Recordkeeping and Disclosure Requirements of Regulations B, E, and M, Issued by the Consumer Financial Protection Bureau (CFPB), and Regulation CC, Issued by the Board of Governors of the Federal Reserve System (FRB); Comment Request
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 81, Issue 176 (September 12, 2016)
Federal Register Volume 81, Issue 176 (September 12, 2016)
| Page Range | 62767-62769 | |
| FR Document | 2016-21863 |
[Federal Register Volume 81, Number 176 (Monday, September 12, 2016)] [Notices] [Pages 62767-62769] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-21863] ======================================================================= ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Recordkeeping and Disclosure Requirements of Regulations B, E, and M, Issued by the Consumer Financial Protection Bureau (CFPB), and Regulation CC, Issued by the Board of Governors of the Federal Reserve System (FRB); Comment Request AGENCY: National Credit Union Administration (NCUA). [[Page 62768]] ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the submission for reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995. NCUA is soliciting comment on the reinstatement of the information collection described below. DATES: Comments should be received on or before November 14, 2016 to be assured consideration. ADDRESSES: Interested persons are invited to submit written comments on the information collection to Dawn Wolfgang, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite 5067; Fax No. 703-519-8579; or Email at [email protected]. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to the address above. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments This information collection request provides for the application of three CFPB rules and one FRB rule. NCUA has enforcement responsibility for these rules for federal credit unions. These rules are:Regulation B (``Equal Credit Opportunity Act,'' 12 CFR part 1002); Regulation E (``Electronic Fund Transfers,'' 12 CFR part 1005); Regulation M (``Consumer Leasing,'' 12 CFR part 1013); and Regulation CC (``Availability of Funds and Collection of Checks,'' 12 CFR part 229). Regulation B--12 CFR Part 1002--Equal Credit Opportunity Act (ECOA) (15 U.S.C. 1691) The ECOA was enacted in 1974 and is implemented by Regulation B. ECOA and Regulation B prohibit lenders from discriminating in any aspect of a credit transaction on the basis of the applicant's sex, marital status, race, color, religion, national origin, or age. It also prohibits discrimination because an applicant's income is derived from a public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act (Pub.L. 90-321, 82 Stat.146). The regulation establishes guidelines for gathering and evaluating information about personal characteristics in applications for certain dwelling-related loans, requires lenders to provide applicants with certain information including copies of appraisal reports in connection with credit transactions, and requires written notification of action taken on a credit application. The regulation contains rules relating to the use of co-signers. The regulation also requires spousal information to be reported to consumer reporting agencies to reflect participation of both spouses. Regulation E--12 CFR Part 1005--Electronic Fund Transfers (Electronic Fund Transfer Act, 15 U.S.C. 1693 et seq.) The Electronic Fund Transfer Act (EFTA) was enacted in 1978 and is implemented by Regulation E. The EFTA and Regulation E establish the rights, liabilities, and responsibilities of parties in electronic fund transfer (EFT) services and offer protections to consumers when they use such systems. The disclosures required by this regulation are designed to ensure consumer receive adequate disclosure of basic terms, costs, and rights relating to EFT services provided to them so that they can make informed decisions. Credit unions offering EFT services must disclose certain information to consumers including the following: Initial and updated EFT terms, transaction information, the consumer's potential liability for unauthorized transfers, and error resolution rights and procedures. The regulation also covers change-in-terms notices if the change would result in increased liability for the consumer, increased fees, fewer types of available EFTs, or stricter limitations on the frequency or dollar amounts of transfers; disclosures related to loyalty, award, or promotional gift cards; and requirements for gift card and gift certificate exclusions, prohibition on sale of gift certificates or cards with expiration dates, and other certificate and card disclosures. Subpart B of the regulation covers activities of remittance transfer providers. Regulation M--12 CFR Part 1013--Consumer Leasing (Consumer Leasing Act, 15 U.S.C. 1667-1667f) The Consumer Leasing Act (CLA) was enacted in 1976 as an amendment to the Truth in Lending Act (TILA). The CLA and Regulation M are intended to provide consumers with meaningful disclosures about the costs and terms of leases for personal property. The disclosures enable consumers to compare the terms for a particular lease with those for other leases and, when appropriate, to compare lease terms with those for credit transactions. The CLA and Regulation M also contain rules about advertising consumer leases and limit the size of balloon payments in consumer lease transactions. The CLA and regulation M requires lessors to disclose to consumers uniformly the costs, liabilities, and terms of consumer lease transactions. Disclosures are provided to consumers before they enter into lease transactions and in advertisements that state the availability of consumer leases on particular terms. The regulation generally applies to consumer leases of personal property in which the contractual obligation does not exceed $54,600 \1\ and has a term of more than four months. --------------------------------------------------------------------------- \1\ The threshold amount is adjusted annually to reflect increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (Sec. 1013.1(e)(1)). --------------------------------------------------------------------------- Regulation CC--12 CFR Part 229--Availability of Funds and Collection of Checks (Expedited Funds Availability Act, 12 U.S.C. 4001-4010 and the Check Clearing for the 21st Century Act, 12 U.S.C. 5001-5018) This regulation establishes timeframes to govern the availability of funds deposited in checking accounts, rules to govern the collection and return of checks, and general provisions to govern the use of substitute checks. The regulation has consumer protection disclosure requirements and requires credit unions to make funds deposited in transaction accounts available within specified time periods, disclose their availability policies to customers, and begin accruing interest on such deposit promptly. The disclosures are intended to alert customers that their ability to used deposited funds may be delayed, prevent unintentional (and costly) overdrafts, and allow customers to compare the policies of different institutions before deciding at which institution to deposit funds. The regulation also requires notice to the depositary bank and to a customer of nonpayment of a check. Comments submitted in response to this notice will be summarized and included in the request for Office of Management and Budget approval. All comments will become a matter of public record. The public is invited to submit comments concerning: (a) Whether the collection of information is necessary for the proper performance of the function of the agency, including whether the information will have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) [[Page 62769]] ways to minimize the burden of the collection of the information on the respondents, including the use of automated collection techniques or other forms of information technology. II. Data Title: Regulation B (``Equal Credit Opportunity Act,'' 12 CFR part 1002); Regulation E (``Electronic Fund Transfers,'' 12 CFR part 1005); Regulation M (``Consumer Leasing,'' 12 CFR part 1013); and Regulation CC (``Availability of Funds and Collection of Checks,'' 12 CFR part 229). OMB Number: 3133-0103. Type of Review: Reinstatement with change of a previously approved collection. Description: The third party disclosure and recordkeeping requirements in this collection are required by statute and regulation. The regulations prescribe certain aspects of the credit application and notification process, making certain disclosures, uniform methods for computing the costs of credit, disclosing credit terms and cost, resolving errors on certain types of credit accounts, and timing requirements and disclosures relating to the availability of deposited funds. Respondents: Federal credit unions for Regulations B and M. Federal credit unions and any credit union member who chooses to exercise opt- in rights for Regulation E. Federally-insured credit unions for Regulation CC. Estimated No. of Respondents: Regulation B, 3,811 federal credit unions. Regulation E, 2,938 federal credit unions and 24,700,000 credit union members who opt-in. Regulation M, 35 federal credit unions. Regulation CC, 4,957 federally-insured credit unions. Frequency of Response: Annually for most credit unions. Once for credit union members choosing to opt-in. Estimated Burden Hours per Response: Estimated burden hours per response range from 0.01 to 20 depending upon the information collection activity. Estimated Total Annual Burden Hours: Regulation B, 484,351. Regulation E, 2,254,319. Regulation M, 2,625. Regulation CC, 504,610. Reason for Change: The NCUA is consolidating the disclosure and recordkeeping requirement contained under Regulations B, E, M, and CC under a single information collection. Information collection requirements previously cleared under OMB control numbers 3133-0104 and 3133-0105 will be consolidated under 3133-0103. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on September 7, 2016. Dated: September 7, 2016. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2016-21863 Filed 9-9-16; 8:45 am] BILLING CODE 7535-01-P
![Federal Register / Vol. 81, No. 176 / Monday, September 12, 2016 / Notices 62767
collection burden is accurate. The • Whether the proposed collection of Agency can attach them to your
Occupational Safety and Health Act of information requirements are necessary comments.
1970 (the OSH Act) (29 U.S.C. 651 et for the proper performance of the Because of security procedures, the
seq.) authorizes information collection Agency’s functions, including whether use of regular mail may cause a
by employers as necessary or the information is useful; significant delay in the receipt of
appropriate for enforcement of the OSH • The accuracy of OSHA’s estimate of comments. For information about
Act or for developing information the burden (time and costs) of the security procedures concerning the
regarding the causes and prevention of collection of information requirements, delivery of materials by hand, express
occupational injuries, illnesses, and including the validity of the delivery, messenger, or courier service,
accidents (29 U.S.C. 657). The OSH Act methodology and assumptions used; please contact the OSHA Docket Office
also requires that OSHA obtain such • The quality, utility, and clarity of at (202) 693–2350, (TTY (877) 889–
information with minimum burden the information collected; and 5627). Comments and submissions are
upon employers, especially those • Ways to minimize the burden on posted without change at http://
operating small businesses, and to employers who must comply; for www.regulations.gov. Therefore, OSHA
reduce to the maximum extent feasible example, by using automated or other cautions commenters about submitting
unnecessary duplication of efforts in technological information collection personal information such as their
obtaining information (29 U.S.C. 657). and transmission techniques. social security number and date of birth.
Under the authority granted by the Although all submissions are listed in
OSH Act, OSHA published a health III. Proposed Actions
the http://www.regulations.gov index,
regulation governing access to employee The Agency is requesting an some information (e.g., copyrighted
exposure monitoring data and medical adjustment decrease of 14,477 burden material) is not publicly available to
records. This regulation does not require hours (from 730,515 to 716,038 burden read or download from this Web site.
employers to collect any information or hours). The decrease is the result of an All submissions, including copyrighted
to establish any new systems of records. adjustment in the number of material, are available for inspection
Rather, it requires that employers establishments used in this analysis and copying at the OSHA Docket Office.
provide workers, their designated decreasing from 759,668 to 739,432, a Information on using the http://
representatives, and OSHA with access total adjustment of 20,236. www.regulations.gov Web site to submit
to employee exposure monitoring and Type of Review: Extension of a comments and access the docket is
medical records, and any analyses currently approved collection. available at the Web site’s ‘‘User Tips’’
resulting from these records that Title: Access to Employee Exposure link. Contact the OSHA Docket Office
employers must maintain under OSHA’s and Medical Records (29 CFR for information about materials not
toxic chemical and harmful physical 1910.1020). available from the Web site, and for
agent standards. In this regard, the OMB Control Number: 1218–0065. assistance in using the Internet to locate
regulation specifies requirements for Affected Public: Business or other for- docket submissions.
record access, record retention, worker profits.
information, trade secret management, Number of Respondents: 739,432. V. Authority and Signature
and record transfer. Accordingly, the Total Responses: 5,770,925. David Michaels, Ph.D., MPH,
Agency attributes the burden hours and Frequency of Responses: Initially; Assistant Secretary of Labor for
costs associated with exposure Annually; On occasion. Occupational Safety and Health,
monitoring and measurement, medical Average Time per Response: Various.
directed the preparation of this notice.
surveillance, and the other activities Estimated Total Burden Hours:
The authority for this notice is the
required to generate the data governed 716,038.
Estimated Cost (Operation and Paperwork Reduction Act of 1995 (44
by the regulation to the health standards U.S.C. 3506 et seq.) and Secretary of
that specify these activities; therefore, Maintenance): $0.
Labor’s Order No. 1–2012 (77 FR 3912).
OSHA did not include these burden IV. Public Participation—Submission of
hours and costs in this ICR. Signed at Washington, DC, on September 7,
Comments on this Notice and Internet 2016.
Access to exposure and medical Access to Comments and Submissions
information enables employees and David Michaels,
their designated representatives to You may submit comments in Assistant Secretary of Labor for Occupational
become directly involved in identifying response to this document as follows: Safety and Health.
and controlling occupational health (1) Electronically at http:// [FR Doc. 2016–21886 Filed 9–9–16; 8:45 am]
hazards, as well as managing and www.regulations.gov, which is the BILLING CODE 4510–26–P
preventing occupationally-related Federal eRulemaking Portal; (2) by
health impairment and disease. facsimile; or (3) by hard copy. All
Providing the Agency with access to the comments, attachments, and other
material must identify the Agency name NATIONAL CREDIT UNION
records permits it to ascertain whether ADMINISTRATION
or not employers are complying with and the OSHA docket number for this
the regulation, as well as with the ICR (Docket No. OSHA–2009–0043). Agency Information Collection
recordkeeping requirements of its other You may supplement electronic Activities: Proposed Collection;
health standards; therefore, OSHA submissions by uploading document Recordkeeping and Disclosure
access provides additional assurance files electronically. If you wish to mail Requirements of Regulations B, E, and
additional materials in reference to an
sradovich on DSK3GMQ082PROD with NOTICES
that workers and their designated M, Issued by the Consumer Financial
representatives are able to obtain the electronic or facsimile submission, you Protection Bureau (CFPB), and
data they need to conduct their must submit them to the OSHA Docket Regulation CC, Issued by the Board of
analyses. Office (see the section of this notice Governors of the Federal Reserve
titled ADDRESSES). The additional System (FRB); Comment Request
II. Special Issues for Comment materials must clearly identify your
OSHA has a particular interest in electronic comments by your name, AGENCY:National Credit Union
comments on the following issues: date, and the docket number so the Administration (NCUA).
VerDate Sep<11>2014 18:40 Sep 09, 2016 Jkt 238001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 E:\FR\FM\12SEN1.SGM 12SEN1](https://thefederalregister.org/doc/81_FR_62943/page/1.svg)
![Federal Register / Vol. 81, No. 176 / Monday, September 12, 2016 / Notices 62769
ways to minimize the burden of the By Gerard Poliquin, Secretary of the Board, July 21, 2016. This Order will ensure
collection of the information on the the National Credit Union Administration, on the licensee restores compliance with
respondents, including the use of September 7, 2016. NRC regulations.
automated collection techniques or Dated: September 7, 2016.
other forms of information technology. Dawn D. Wolfgang, DATES:The Order was issued on
NCUA PRA Clearance Officer. September 1, 2016.
II. Data [FR Doc. 2016–21863 Filed 9–9–16; 8:45 am] ADDRESSES: Please refer to Docket ID
Title: Regulation B (‘‘Equal Credit BILLING CODE 7535–01–P NRC–2016–0191 when contacting the
Opportunity Act,’’ 12 CFR part 1002); NRC about the availability of
Regulation E (‘‘Electronic Fund information regarding this document.
Transfers,’’ 12 CFR part 1005); NATIONAL CREDIT UNION
You may obtain publicly-available
Regulation M (‘‘Consumer Leasing,’’ 12 ADMINISTRATION
information related to this document
CFR part 1013); and Regulation CC using any of the following methods:
(‘‘Availability of Funds and Collection Sunshine Act: Notice of Agency
of Checks,’’ 12 CFR part 229). Meeting • Federal Rulemaking Web site: Go to
OMB Number: 3133–0103. http://www.regulations.gov and search
TIME AND DATE: 10:00 a.m., Thursday, for Docket ID NRC–2016–0191. Address
Type of Review: Reinstatement with September 15, 2016.
change of a previously approved questions about NRC dockets to Carol
PLACE: Board Room, 7th Floor, Room Gallagher; telephone: 301–415–3463;
collection. 7047, 1775 Duke Street (All visitors email: Carol.Gallagher@nrc.gov. For
Description: The third party must use Diagonal Road Entrance), technical questions, contact the
disclosure and recordkeeping Alexandria, VA 22314–3428.
requirements in this collection are individuals listed in the FOR FURTHER
STATUS: Open. INFORMATION CONTACT section of this
required by statute and regulation. The
MATTERS TO BE CONSIDERED: 1. Corporate document.
regulations prescribe certain aspects of
the credit application and notification Stabilization Fund Quarterly Report. • NRC’s Agencywide Documents
process, making certain disclosures, 2. Board Briefing, Cyber Security in Access and Management System
uniform methods for computing the the Credit Union System.
(ADAMS): You may obtain publicly-
costs of credit, disclosing credit terms RECESS: 11:00 a.m. available documents online in the
and cost, resolving errors on certain TIME AND DATE: 11:15 a.m., Thursday, ADAMS Public Documents collection at
types of credit accounts, and timing September 15, 2016. http://www.nrc.gov/reading-rm/
requirements and disclosures relating to PLACE: Board Room, 7th Floor, Room adams.html. To begin the search, select
the availability of deposited funds. 7047, 1775 Duke Street, Alexandria, VA ‘‘ADAMS Public Documents’’ and then
Respondents: Federal credit unions 22314–3428. select ‘‘Begin Web-based ADAMS
for Regulations B and M. Federal credit STATUS: Closed. Search.’’ For problems with ADAMS,
unions and any credit union member please contact the NRC’s Public
MATTERS TO BE CONSIDERED: 1. Merger
who chooses to exercise opt-in rights for Document Room (PDR) reference staff at
Request. Closed pursuant to Exemption
Regulation E. Federally-insured credit 1–800–397–4209, 301–415–4737, or by
(8).
unions for Regulation CC. email to pdr.resource@nrc.gov. The
FOR FURTHER INFORMATION CONTACT:
Estimated No. of Respondents: ADAMS accession number for each
Regulation B, 3,811 federal credit Gerard Poliquin, Secretary of the Board,
Telephone: 703–518–6304. document referenced in this document
unions. Regulation E, 2,938 federal (if that document is available in
credit unions and 24,700,000 credit Gerard Poliquin, ADAMS) is provided the first time that
union members who opt-in. Regulation Secretary of the Board. a document is referenced.
M, 35 federal credit unions. Regulation [FR Doc. 2016–21973 Filed 9–8–16; 4:15 pm]
CC, 4,957 federally-insured credit • NRC’s PDR: You may examine and
BILLING CODE 7535–01–P
unions. purchase copies of public documents at
Frequency of Response: Annually for the NRC’s PDR, Room O1–F21, One
most credit unions. Once for credit White Flint North, 11555 Rockville
NUCLEAR REGULATORY Pike, Rockville, Maryland 20852.
union members choosing to opt-in.
COMMISSION
Estimated Burden Hours per FOR FURTHER INFORMATION CONTACT:
Response: Estimated burden hours per [EA–16–022; NRC–2016–0191] Kenneth Lambert, Region III, U.S.
response range from 0.01 to 20 Nuclear Regulatory Commission, Lisle,
depending upon the information In the Matter of All Power Reactor
Licensees Owned and Operated by Illinois 60532; telephone: 630–810–
collection activity. 4376, email: Kenneth.Lambert@nrc.gov.
Estimated Total Annual Burden First Energy Nuclear Operating
Hours: Regulation B, 484,351. Company; and First Energy Corp SUPPLEMENTARY INFORMATION: The text of
Regulation E, 2,254,319. Regulation M, AGENCY: Nuclear Regulatory the Order is attached.
2,625. Regulation CC, 504,610. Commission. Dated at Lisle, Illinois, this 7th day of
Reason for Change: The NCUA is ACTION: Confirmatory order; issuance. September, 2016.
consolidating the disclosure and
sradovich on DSK3GMQ082PROD with NOTICES
recordkeeping requirement contained SUMMARY: The U.S. Nuclear Regulatory
under Regulations B, E, M, and CC Commission (NRC) issued a
under a single information collection. confirmatory order (Order) to First
Information collection requirements Energy Nuclear Operating Company (the
previously cleared under OMB control licensee), confirming the agreement
numbers 3133–0104 and 3133–0105 will reached in an Alternative Dispute
be consolidated under 3133–0103. Resolution mediation session held on
VerDate Sep<11>2014 18:40 Sep 09, 2016 Jkt 238001 PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 E:\FR\FM\12SEN1.SGM 12SEN1](https://thefederalregister.org/doc/81_FR_62943/page/3.svg)
Document Created: 2016-09-10 00:57:22
Document Modified: 2016-09-10 00:57:22
| 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 | Comments should be received on or before November 14, 2016 to be assured consideration. | |
| Contact | Requests for additional information | |
| FR Citation | 81 FR 62767 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR