81 FR 6340 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Identity Theft Red Flags and Address Discrepancies Under the Fair and Accurate Credit Transactions Act of 2003
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 81, Issue 24 (February 5, 2016)
Office of the Comptroller of the Currency
Federal Register Volume 81, Issue 24 (February 5, 2016)
| Page Range | 6340-6342 | |
| FR Document | 2016-02206 |
[Federal Register Volume 81, Number 24 (Friday, February 5, 2016)] [Notices] [Pages 6340-6342] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-02206] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Identity Theft Red Flags and Address Discrepancies Under the Fair and Accurate Credit Transactions Act of 2003 AGENCY: Office of the Comptroller of the Currency, Treasury (OCC). 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 (PRA). 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, ``Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act of 2003.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be received by March 7, 2016. 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: 1557-0237, 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 [email protected]. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. [[Page 6341]] 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 order to inspect and photocopy comments. 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, 1557-0237, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: [email protected]. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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: Pursuant to the PRA (44 U.S.C. 3501-3520), the OCC is requesting that OMB extend its approval of the following information collection: Title: Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act of 2003. OMB Control No.: 1557-0237. Description: Section 114 of the FACT Act amended section 615 of the Fair Credit Reporting Act (FCRA) to require the Agencies \1\ to issue jointly: --------------------------------------------------------------------------- \1\ Section 114 required the guidelines and regulations to be issued jointly by the Federal banking agencies (OCC, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation), the National Credit Union Administration, and the Federal Trade Commission. Therefore, for purposes of this filing, ``Agencies'' refers to these entities. Note that Section 1088(a)(8) of the Dodd-Frank Act further amended section 615 of FCRA to also require the Securities and Exchange Commission and the Commodity Futures Trading Commission to issue Red Flags guidelines and regulations. ---------------------------------------------------------------------------Guidelines for financial institutions and creditors regarding identity theft with respect to their account holders and customers; (in developing the guidelines, the Agencies are required to identify patterns, practices, and specific forms of activity that indicate the possible existence of identity theft; the guidelines must be updated as often as necessary and must be consistent with the policies and procedures required under section 326 of the USA PATRIOT Act, 31 U.S.C. 5318(l)); Regulations that require each financial institution and each creditor to establish reasonable policies and procedures for implementing the guidelines in order to identify possible risks to account holders or customers or to the safety and soundness of the institution or creditor; and Regulations generally requiring credit and debit card issuers to assess the validity of change of address requests under certain circumstances. Section 315 of the FACT Act also amended section 605 of the FCRA to require the Agencies to issue regulations providing guidance regarding what reasonable policies and procedures a user of consumer reports must have in place and employ when a user receives a notice of address discrepancy from a consumer reporting agency (CRA).\2\ These regulations are required to describe reasonable policies and procedures for users of consumer reports to: --------------------------------------------------------------------------- \2\ These regulations have been transferred to the Consumer Financial Protection Bureau. --------------------------------------------------------------------------- Enable a user to form a reasonable belief that it knows the identity of the person for whom it has obtained a consumer report; and Reconcile the address of the consumer with the CRA, if the user establishes a continuing relationship with the consumer and regularly and, in the ordinary course of business, furnishes information to the CRA. As required by section 114 of the FACT Act, appendix J to 12 CFR part 41 contains guidelines for financial institutions and creditors to use in identifying patterns, practices, and specific forms of activity that may indicate the existence of identity theft. In addition, 12 CFR 41.90 requires each financial institution or creditor that is a national bank, Federal savings association, Federal branch or agency of a foreign bank, and any of their operating subsidiaries that are not functionally regulated, to establish an Identity Theft Prevention Program (Program) designed to detect, prevent, and mitigate identity theft in connection with accounts. Pursuant to Sec. 41.91, credit card and debit card issuers must implement reasonable policies and procedures to assess the validity of a request for a change of address under certain circumstances. Section 41.90 requires each OCC-regulated financial institution or creditor that offers or maintains one or more covered accounts to develop and implement a Program. In developing the Program, financial institutions and creditors are required to consider the guidelines in appendix J and include the suggested provisions, as appropriate. The initial Program must be approved by the institution's board of directors or by an appropriate committee thereof. The board, an appropriate committee thereof, or a designated employee at the level of senior management must be involved in the oversight of the Program. In addition, staff members must be trained to carry out the Program. Pursuant to Sec. 41.91, each credit and debit card issuer is required to establish and implement policies and procedures to assess the validity of a change of address request if it is followed by a request for an additional or replacement card. Before issuing the additional or replacement card, the card issuer must notify the cardholder of the request and provide the cardholder a reasonable means to report incorrect address changes or use another means to assess the validity of the change of address. As required by section 315 of the FACT Act, Sec. 1022.82 requires users of consumer reports to have in place reasonable policies and procedures that must be followed when a user receives a notice of address discrepancy from a credit reporting agency (CRA). Section 1022.82 requires each user of consumer reports to develop and implement reasonable policies and procedures designed to enable the user to form a reasonable belief that a consumer report relates to the consumer about whom it requested the report when it receives a notice of address discrepancy from a CRA. A user of consumer reports also must develop and implement reasonable policies and procedures for furnishing a customer address that the user has reasonably confirmed to be accurate to the CRA from which it receives a notice of address discrepancy when the user can: (1) Form a reasonable belief that the consumer report relates to the consumer about whom the user has requested the report; (2) establish a continuing relationship with the consumer; and (3) establish that it regularly and, in the ordinary course of business, furnishes information to the CRA from which it received the notice of address discrepancy. Type of Review: Regular. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 1,444. Frequency of Response: On occasion. Estimated Total Annual Burden: 161,034 hours. [[Page 6342]] The OCC published a notice concerning this collection for 60 days of comment on November 20, 2015, 80 FR72783. 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: February 1, 2016. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2016-02206 Filed 2-4-16; 8:45 am] BILLING CODE 4810-33-P
![6340 Federal Register / Vol. 81, No. 24 / Friday, February 5, 2016 / Notices
per participating interest from the following (organized by type of (e) Estimates of capital or start-up
STIF’s amortized cost per participating investment): costs and costs of operation,
interest, and to take certain actions if Æ A summary of purchases (with maintenance, and purchase of services
that difference exceeds $0.005 per costs); to provide information.
participating interest. Æ A summary of sales (with profit or Dated: February 1, 2016.
Twelve CFR 9.18(b)(4)(iii)(H) (and loss and any investment change); Mary H. Gottlieb,
150.260 by cross-reference) require that Æ Income and disbursements; and
Regulatory Specialist, Legislative and
national banks and FSAs adopt, for Æ An appropriate notation of any
Regulatory Activities Division.
STIFs, procedures for stress testing the investments in default.
[FR Doc. 2016–02207 Filed 2–4–16; 8:45 am]
STIF’s ability to maintain a stable net Twelve CFR 9.18(b)(6)(iv) (and
BILLING CODE 4810–33–P
asset value per participating interest and 150.260 by cross-reference) require that
provide for reporting the results. a national bank or FSA managing a CIF
Twelve CFR 9.18(b)(4)(iii)(I) (and provide a copy of the financial report,
DEPARTMENT OF THE TREASURY
150.260 by cross-reference) require that or provide notice that a copy of the
national banks and FSAs adopt, for report is available upon request without Office of the Comptroller of the
STIFs, procedures that require a charge, to each person who ordinarily Currency
national bank or FSA to disclose to the would receive a regular periodic
OCC and to STIF participants within accounting with respect to each Agency Information Collection
five business days after each calendar participating account. The national bank Activities: Information Collection
month-end the following information or FSA may provide a copy to Renewal; Submission for OMB Review;
about the fund: total assets under prospective customers. In addition, the Identity Theft Red Flags and Address
management; mark-to-market and national bank or FSA must provide a Discrepancies Under the Fair and
amortized cost net asset values; dollar- copy of the report upon request to any Accurate Credit Transactions Act of
weighted average portfolio maturity; person for a reasonable charge. 2003
dollar-weighted average portfolio life Twelve CFR 9.18(c)(5) (and 150.260
by cross-reference) require that, for AGENCY: Office of the Comptroller of the
maturity as of the last business day of Currency, Treasury (OCC).
the prior calendar month; and certain special exemption CIFs, national banks
and FSAs must submit to the OCC a ACTION: Notice and request for comment.
other security-level information for each
security held. written plan that sets forth: SUMMARY: The OCC, as part of its
Twelve CFR 9.18(b)(4)(iii)(J) (and • The reason the proposed fund continuing effort to reduce paperwork
150.260 by cross-reference) require that requires a special exemption; and respondent burden, invites the
national banks and FSAs adopt, for • The provisions of the fund that are general public and other Federal
STIFs, procedures that require a inconsistent with 12 CFR 9.18(a) and agencies to take this opportunity to
national bank or FSA that manages a (b); comment on a continuing information
• The provisions of 12 CFR 9.18(b) for
STIF to notify the OCC prior to or collection, as required by the Paperwork
which the national bank or FSA seeks
within one business day thereafter of Reduction Act of 1995 (PRA).
an exemption; and An agency may not conduct or
certain events.
• The manner in which the proposed sponsor, and a respondent is not
Twelve CFR 9.18(b)(4)(iii)(K) (and
fund addresses the rights and interests required to respond to, an information
150.260 by cross-reference) require that
of participating accounts. collection unless it displays a currently
national banks and FSAs adopt, for Type of Review: Regular.
STIFs, certain procedures in the event valid OMB control number.
Affected Public: Businesses or other The OCC is soliciting comment
that the STIF has repriced its net asset for-profit.
value below $0.995 per participating concerning the renewal of its
Estimated Number of Respondents:
interest. information collection titled, ‘‘Identity
398.
Twelve CFR 9.18(b)(4)(iii)(L) (and Theft Red Flags and Address
Frequency of Response: On occasion.
150.260 by cross-reference) require that Estimated Total Annual Burden: Discrepancies under the Fair and
national banks and FSAs adopt, for 109,320 hours. Accurate Credit Transactions Act of
STIFs, procedures for initiating The OCC published a notice for 60 2003.’’ The OCC also is giving notice
liquidation of a STIF upon the days of comment regarding the that it has sent the collection to OMB for
suspension or limitation of withdrawals collection on November 20, 2015, 80 FR review.
as a result of redemptions. 72784. No comments were received. DATES: Comments must be received by
Twelve CFR 9.18(b)(6)(ii) (and Comments continue to be solicited on: March 7, 2016.
150.260 by cross-reference) require, for (a) Whether the collection of ADDRESSES: Because paper mail in the
CIFs, that national banks and FSAs, at information is necessary for the proper Washington, DC area and at the OCC is
least once during each 12-month period, performance of the functions of the subject to delay, commenters are
prepare a financial report of the fund OCC, including whether the information encouraged to submit comments by
based on the audit required by 12 CFR has practical utility; email, if possible. Comments may be
9.18(b)(6)(i). The report must disclose (b) The accuracy of the OCC’s sent to: Legislative and Regulatory
the fund’s fees and expenses in a estimate of the burden of the collection Activities Division, Office of the
manner consistent with applicable state of information; Comptroller of the Currency, Attention:
mstockstill on DSK4VPTVN1PROD with NOTICES
law in the state in which the national (c) Ways to enhance the quality, 1557–0237, 400 7th Street SW., Suite
bank or FSA maintains the fund and utility, and clarity of the information to 3E–218, mail stop 9W–11, Washington,
must contain: be collected; DC 20219. In addition, comments may
• A list of investments in the fund (d) Ways to minimize the burden of be sent by fax to (571) 465–4326 or by
showing the cost and current market the collection on respondents, including electronic mail to prainfo@occ.treas.gov.
value of each investment; through the use of automated collection You may personally inspect and
• A statement covering the period techniques or other forms of information photocopy comments at the OCC, 400
after the previous report showing the technology; and 7th Street SW., Washington, DC 20219.
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![6342 Federal Register / Vol. 81, No. 24 / Friday, February 5, 2016 / Notices
The OCC published a notice DATES: Comments must be submitted on of information was published at 80 FR
concerning this collection for 60 days of or before March 7, 2016. 72786 on November 20, 2015.
comment on November 20, 2015, 80 ADDRESSES: Submit written comments Affected Public: Individuals or
FR72783. No comments were received. on the collection of information through households.
Comments continue to be invited on: www.Regulations.gov, or to Office of Estimated Annual Burden: 14,700
(a) Whether the collection of Information and Regulatory Affairs, hours.
information is necessary for the proper Office of Management and Budget, Attn: Estimated Average Burden per
performance of the functions of the VA Desk Officer; 725 17th St. NW., Respondent: 21 minutes.
OCC, including whether the information Washington, DC 20503 or sent through Frequency of Response: Annually.
has practical utility; electronic mail to oira_submission@ Estimated Annual Responses: 42,000.
(b) The accuracy of the OCC’s omb.eop.gov. Please refer to ‘‘OMB By direction of the Secretary.
estimate of the burden of the collection Control No. 2900–0609’’ in any Crystal Rennie,
of information; correspondence. Department Clearance Officer,Department of
(c) Ways to enhance the quality,
FOR FURTHER INFORMATION CONTACT: Veterans Affairs.
utility, and clarity of the information to
Crystal Rennie, Enterprise Records [FR Doc. 2016–02178 Filed 2–4–16; 8:45 am]
be collected;
(d) Ways to minimize the burden of Service (005R1B), Department of BILLING CODE 8320–01–P
the collection on respondents, including Veterans Affairs, 810 Vermont Avenue
through the use of automated collection NW., Washington, DC 20420, (202) 632–
7492 or email crystal.rennie@va.gov. DEPARTMENT OF VETERANS
techniques or other forms of information
Please refer to ‘‘OMB Control No. 2900– AFFAIRS
technology; and
(e) Estimates of capital or start-up 0609.’’
Commission on Care
costs and costs of operation, SUPPLEMENTARY INFORMATION:
maintenance, and purchase of services Title: Survey of Veteran Enrollees’ ACTION: Notice of meeting.
to provide information. Health and Use of Health Care (Survey
of Enrollees). In accordance with the Federal
Dated: February 1, 2016.
OMB Control Number: 2900–0609. Advisory Committee Act, 5 U.S.C., App.
Mary H. Gottlieb,
2, the Commission on Care gives
Regulatory Specialist, Legislative and Type of Review: Revision of a
amended notice that it will meet
Regulatory Activities Division. currently approved collection.
Monday, February 8, 2016 at the
[FR Doc. 2016–02206 Filed 2–4–16; 8:45 am] Abstract: The Department of Veterans
Washington Marriott at Metro Center,
BILLING CODE 4810–33–P Affairs (VA) Survey of Veteran
775 12th St. NW., Washington, DC
Enrollees’ Health and Use of Health
20005. The meeting will convene at
Care (Survey of Enrollees) gathers
12:00 p.m. and end no later than 8:00
DEPARTMENT OF VETERANS information from Veterans enrolled in
p.m. The meeting is open to the public.
AFFAIRS the VA Health Care System regarding
The purpose of the Commission, as
factors which influence their health care
[OMB Control No. 2900–0609] described in section 202 of the Veterans
utilization choices. Data collected are
Access, Choice, and Accountability Act
used to gain insights into Veteran
Agency Information Collection (VA of 2014, is to examine the access of
preferences and to provide VA and VHA
Survey of Veteran Enrollees’ Health veterans to health care from the
management guidance in preparing for
and Use of Health Care (Survey of Department of Veterans Affairs and
future Veteran needs. In addition to
Enrollees)) Activity Under OMB Review strategically examine how best to
factors influencing health care choices,
organize the Veterans Health
AGENCY: Veterans Health the data collected include enrollees’
Administration, locate health care
Administration, Department of Veterans perceived health status and need for
resources, and deliver health care to
Affairs. caregiver support, available insurances,
veterans during the next 20 years.
ACTION: Notice. self-reported utilization of VA services
No time will be allocated at this
versus other health care services,
meeting for receiving oral presentations
SUMMARY: In compliance with the reasons for using VA, barriers to seeking
from the public. The public may submit
Paperwork Reduction Act (PRA) of 1995 care, ability and comfort level with
written statements for the Commission’s
(44 U.S.C. 3501–3521), this notice accessing virtual care, as well as general
review to commissiononcare@va.gov.
announces that the Veterans Health demographics and family characteristics
Any member of the public wanting to
Administration (VHA), Department of that may influence utilization but
attend may also register their intention
Veterans Affairs, will submit the cannot be accessed elsewhere.
to attend by emailing the same address.
collection of information abstracted An agency may not conduct or
below to the Office of Management and sponsor, and a person is not required to Dated: February 1, 2016.
Budget (OMB) for review and comment. respond to a collection of information John Goodrich,
The PRA submission describes the unless it displays a currently valid OMB Designated Federal Officer, Commission on
nature of the information collection and control number. The Federal Register Care.
its expected cost and burden; it includes Notice with a 60-day comment period [FR Doc. 2016–02177 Filed 2–4–16; 8:45 am]
the actual data collection instrument. soliciting comments on this collection BILLING CODE 8320–01–P
mstockstill on DSK4VPTVN1PROD with NOTICES
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Document Created: 2016-02-05 00:16:56
Document Modified: 2016-02-05 00:16:56
| 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 must be received by March 7, 2016. | |
| Contact | Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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 Citation | 81 FR 6340 |
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