81 FR 8052 - Agency Information Collection Activities: Submission for OMB Review; Comment Request
BUREAU OF CONSUMER FINANCIAL PROTECTION Federal Register Volume 81, Issue 31 (February 17, 2016)
Federal Register Volume 81, Issue 31 (February 17, 2016)
| Page Range | 8052-8053 | |
| FR Document | 2016-03246 |
[Federal Register Volume 81, Number 31 (Wednesday, February 17, 2016)] [Notices] [Pages 8052-8053] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-03246] ----------------------------------------------------------------------- BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No: CFPB-2016-0003] Agency Information Collection Activities: Submission for OMB Review; 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 Consumer Financial Protection Bureau (Bureau) is proposing to renew the Office of Management and Budget (OMB) approval for an existing information collection titled, ``Equal Credit Opportunity Act (Regulation B) 12 CFR 1002.'' DATES: Written comments are encouraged and must be received on or before March 18, 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. 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 [[Page 8053]] 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: Equal Credit Opportunity Act (Regulation B) 12 CFR 1002. OMB Control Number: 3170-0013. Type of Review: Extension without change of an existing information collection. Affected Public: Private sector. Estimated Number of Respondents: 514,000. Estimated Total Annual Burden Hours: 1,450,250. Abstract: The Equal Credit Opportunity Act (ECOA) was enacted to ensure that credit is made available to all creditworthy applicants without discrimination on the basis of sex, marital status, race, color, religion, national origin, age, or other prohibited bases under the ECOA. The ECOA allows for creditors to collect information for self-testing against these criteria, while not allowing creditors to use this information in making credit decisions of applicants. For certain mortgage applications, the ECOA requires creditors to ask for some of the prohibited information for monitoring purposes. In addition, for certain mortgage applications, creditors are required to send a copy of any appraisal or written valuation used in the application process to the applicant in a timely fashion. The ECOA also prescribes creditors to inform applicants of decisions made on credit applications. In particular, where creditors make adverse actions on credit applications or existing accounts, creditors must inform consumers as to why the adverse action was taken, such that credit applicants can challenge errors on their accounts or learn how to become more creditworthy. Creditors must retain all application information for 25 months, including notices sent and any information related to adverse actions. Finally, the ECOA requires creditors who furnish applicant information to a consumer credit bureau to reflect participation of the applicant's spouse, if the spouse if permitted to use or contractually liable on the account. Request for Comments: The Bureau issued a 60-day Federal Register notice on November 25th 2015, 80 FR 73734. 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: February 10, 2016. Darrin A. King, Paperwork Reduction Act Officer, Bureau of Consumer Financial Protection. [FR Doc. 2016-03246 Filed 2-16-16; 8:45 am] BILLING CODE 4810-AM-P
![8052 Federal Register / Vol. 81, No. 31 / Wednesday, February 17, 2016 / Notices
Dated: February 10, 2016. ‘‘Select Agency’’ and select ‘‘Consumer of automated collection techniques or
Darrin A. King, Financial Protection Bureau’’ (recent other forms of information technology.
Paperwork Reduction Act Officer, Bureau of submissions to OMB will be at the top Comments submitted in response to this
Consumer Financial Protection. of the list). The same documentation is notice will be summarized and/or
[FR Doc. 2016–03245 Filed 2–16–16; 8:45 am] also available at http:// included in the request for OMB
BILLING CODE 4810–AM–P www.regulations.gov. Requests for approval. All comments will become a
additional information should be matter of public record.
directed to the Consumer Financial Dated: February 10, 2016.
BUREAU OF CONSUMER FINANCIAL Protection Bureau, (Attention: PRA Darrin A. King,
PROTECTION Office), 1700 G Street NW., Washington,
Paperwork Reduction Act Officer, Bureau of
DC 20552, (202) 435–9575, or email: Consumer Financial Protection.
[Docket No: CFPB–2016–0005]
PRA@cfpb.gov. Please do not submit
[FR Doc. 2016–03204 Filed 2–16–16; 8:45 am]
Agency Information Collection comments to this email box.
BILLING CODE 4810–AM–P
Activities: Submission for OMB SUPPLEMENTARY INFORMATION:
Review; Comment Request Title of Collection: Homeownership
Counseling Amendments to the Real BUREAU OF CONSUMER FINANCIAL
AGENCY: Bureau of Consumer Financial Estate Settlement Procedures Act
Protection. PROTECTION
(Regulation X) 12 CFR 1024.
ACTION: Notice and request for comment. OMB Control Number: 3170–0025. [Docket No: CFPB–2016–0003]
Type of Review: Extension without
SUMMARY: In accordance with the Agency Information Collection
change of an existing information
Paperwork Reduction Act of 1995 Activities: Submission for OMB
collection.
(PRA), the Consumer Financial Review; Comment Request
Affected Public: Private sector.
Protection Bureau (Bureau) is proposing
Estimated Number of Respondents: AGENCY: Bureau of Consumer Financial
to renew the Office of Management and
2,259. Protection.
Budget (OMB) approval for an existing
Estimated Total Annual Burden ACTION: Notice and request for comment.
information collection, titled,
Hours: 117,500.
‘‘Homeownership Counseling SUMMARY: In accordance with the
Abstract: Regulation X implements
Amendments to the Real Estate Paperwork Reduction Act of 1995
the Real Estate Settlement Procedures
Settlement Procedures Act (Regulation (PRA), the Consumer Financial
Act, ensures that consumers are
X) 12 CFR 1024.’’ Protection Bureau (Bureau) is proposing
provided with more helpful information
DATES: Written comments are about the cost of the mortgage to renew the Office of Management and
encouraged and must be received on or settlement and protected from Budget (OMB) approval for an existing
before March 18, 2016 to be assured of unnecessarily high settlement charges information collection titled, ‘‘Equal
consideration. caused by certain abusive practices. Credit Opportunity Act (Regulation B)
ADDRESSES: You may submit comments, Regulation X contains information 12 CFR 1002.’’
identified by the title of the information collections in the form of third party DATES: Written comments are
collection, OMB Control Number (see disclosures and recordkeeping encouraged and must be received on or
below), and docket number (see above), requirements. before March 18, 2016 to be assured of
by any of the following methods: This amendment to Regulation X consideration.
• Electronic: http:// requires lenders to provide mortgage ADDRESSES: You may submit comments,
www.regulations.gov. Follow the applicants a list of certified identified by the title of the information
instructions for submitting comments. homeownership counselors at or soon collection, OMB Control Number (see
• OMB: Office of Management and after the time of their application. This below), and docket number (see above),
Budget, New Executive Office Building, requirement is meant to help applicants by any of the following methods:
Room 10235, Washington, DC 20503 or be informed about the process of • Electronic: http://
fax to (202) 395–5806. Mailed or faxed applying for a mortgage, and receive www.regulations.gov. Follow the
comments to OMB should be to the additional non-biased guidance if instructions for submitting comments.
attention of the OMB Desk Officer for desired. • OMB: Office of Management and
the Bureau of Consumer Financial Request For Comments: The Bureau Budget, New Executive Office Building,
Protection. issued a 60-day Federal Register notice Room 10235, Washington, DC 20503 or
Please note that comments submitted on November 25, 2015, 80 FR 73734. fax to (202) 395–5806. Mailed or faxed
after the comment period will not be Comments were solicited and continue comments to OMB should be to the
accepted. In general, all comments to be invited on: (a) Whether the attention of the OMB Desk Officer for
received will become public records, collection of information is necessary the Bureau of Consumer Financial
including any personal information for the proper performance of the Protection.
provided. Sensitive personal functions of the Bureau, including Please note that comments submitted
information, such as account numbers whether the information will have after the comment period will not be
or social security numbers, should not practical utility; (b) The accuracy of the accepted. In general, all comments
be included. Bureau’s estimate of the burden of the received will become public records,
asabaliauskas on DSK5VPTVN1PROD with NOTICES
FOR FURTHER INFORMATION CONTACT: collection of information, including the including any personal information
Documentation prepared in support of validity of the methods and the provided. Sensitive personal
this information collection request is assumptions used; (c) Ways to enhance information, such as account numbers
available at www.reginfo.gov (this link the quality, utility, and clarity of the or social security numbers, should not
active on the day following publication information to be collected; and (d) be included.
of this notice). Select ‘‘Information Ways to minimize the burden of the FOR FURTHER INFORMATION CONTACT:
Collection Review,’’ under ‘‘Currently collection of information on Documentation prepared in support of
under review, use the dropdown menu respondents, including through the use this information collection request is
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![Federal Register / Vol. 81, No. 31 / Wednesday, February 17, 2016 / Notices 8053
available at www.reginfo.gov (this link consumer credit bureau to reflect the Social Security Administration
active on the day following publication participation of the applicant’s spouse, (‘‘SSA’’).
of this notice). Select ‘‘Information if the spouse if permitted to use or DATES: CNCS will file a report of the
Collection Review,’’ under ‘‘Currently contractually liable on the account. subject computer matching agreement
under review, use the dropdown menu Request for Comments: The Bureau with the Office of Management and
‘‘Select Agency’’ and select ‘‘Consumer issued a 60-day Federal Register notice Budget and Congress. The matching
Financial Protection Bureau’’ (recent on November 25th 2015, 80 FR 73734. program will begin April 1, 2016 or 40
submissions to OMB will be at the top Comments were solicited and continue days after the date of CNCS’s
of the list). The same documentation is to be invited on: (a) Whether the submissions to OMB and Congress,
also available at http:// collection of information is necessary whichever is later. The matching
www.regulations.gov. Requests for for the proper performance of the program will continue for 18 months
additional information should be functions of the Bureau, including after the effective date and may be
directed to the Consumer Financial whether the information will have extended for an additional 12 months
Protection Bureau, (Attention: PRA practical utility; (b) The accuracy of the thereafter, if the conditions specified in
Office), 1700 G Street NW., Washington, Bureau’s estimate of the burden of the 5 U.S.C. 552a(o)(2)(D) have been met.
DC 20552, (202) 435–9575, or email: collection of information, including the
ADDRESSES: You may submit comments
PRA@cfpb.gov. Please do not submit validity of the methods and the
comments to this email box. identified by the title of the information
assumptions used; (c) Ways to enhance
collection activity, by any of the
SUPPLEMENTARY INFORMATION: the quality, utility, and clarity of the
Title of Collection: Equal Credit following methods.
information to be collected; and (d) (1) By mail sent to: Corporation for
Opportunity Act (Regulation B) 12 CFR Ways to minimize the burden of the National and Community Service,
1002. collection of information on
OMB Control Number: 3170–0013. Attention Zachary Jackson, Project
respondents, including through the use Manager, Suite 300, 250 E. Street SW.,
Type of Review: Extension without of automated collection techniques or
change of an existing information Washington, DC, 20525.
other forms of information technology. (2) By fax to: (202) 606–3467.
collection. Comments submitted in response to this
Affected Public: Private sector. (3) By email to: zjackson@cns.gov.
notice will be summarized and/or Individuals who use a
Estimated Number of Respondents:
included in the request for OMB telecommunications device for the deaf
514,000.
Estimated Total Annual Burden approval. All comments will become a (TTY–TDD) may call (202) 606–3472
Hours: 1,450,250. matter of public record. between 8:30 a.m. and 5:00 p.m. Eastern
Abstract: The Equal Credit Dated: February 10, 2016. Time, Monday through Friday.
Opportunity Act (ECOA) was enacted to Darrin A. King, FOR FURTHER INFORMATION CONTACT:
ensure that credit is made available to Paperwork Reduction Act Officer, Bureau of Zachary Jackson, Project Manager, (202)
all creditworthy applicants without Consumer Financial Protection. 606–6948, or by email at zjackson@
discrimination on the basis of sex, [FR Doc. 2016–03246 Filed 2–16–16; 8:45 am] cns.gov.
marital status, race, color, religion, BILLING CODE 4810–AM–P SUPPLEMENTARY INFORMATION:
national origin, age, or other prohibited
bases under the ECOA. The ECOA A. General
allows for creditors to collect The Privacy Act of 1974 (5 U.S.C.
CORPORATION FOR NATIONAL AND
information for self-testing against these 552a), as amended by the Computer
COMMUNITY SERVICE
criteria, while not allowing creditors to Matching and Privacy Protection Act of
use this information in making credit Computer Matching and Privacy 1988 (Pub. L. 100–503), regulates the
decisions of applicants. For certain Protection Act of 1988; Report of use of computer matching agreements
mortgage applications, the ECOA Matching Program: Corporation for by Federal agencies when records in a
requires creditors to ask for some of the National and Community Service and system of records are matched with
prohibited information for monitoring the Social Security Administration other Federal, state, or local government
purposes. In addition, for certain records. Among other things, it requires
mortgage applications, creditors are AGENCY: Corporation for National and Federal agencies involved in computer
required to send a copy of any appraisal Community Service. matching agreements to publish a notice
or written valuation used in the ACTION: Notice of computer matching in the Federal Register regarding the
application process to the applicant in program between the Corporation for establishment of the matching program.
a timely fashion. National and Community Service and
The ECOA also prescribes creditors to the Social Security Administration. B. Participating Agencies
inform applicants of decisions made on Participants in this computer
credit applications. In particular, where SUMMARY: In accordance with the matching program are the Social
creditors make adverse actions on credit Privacy Act of 1974 (5 U.S.C. 552a), as Security Administration (source agency)
applications or existing accounts, amended by the Computer Matching and the Corporation for National and
creditors must inform consumers as to and Privacy Protection Act of 1988 (Pub. Community Service (recipient agency).
why the adverse action was taken, such L. 100–503), OMB Final Guidance
that credit applicants can challenge Interpreting the Provisions of the C. Purpose of the Match
asabaliauskas on DSK5VPTVN1PROD with NOTICES
errors on their accounts or learn how to Computer Matching and Privacy The computer match between CNCS
become more creditworthy. Creditors Protection Act of 1988 (54 FR 25818, and SSA will enable CNCS to verify the
must retain all application information June 19, 1989), and OMB Circular No. social security numbers of individuals
for 25 months, including notices sent A–130, ‘‘Management of Federal applying to serve in approved national
and any information related to adverse Information Resources,’’ the Corporation service positions and those designated
actions. for National and Community Service to receive national service education
Finally, the ECOA requires creditors (‘‘CNCS’’) is issuing a public notice of awards under the National and
who furnish applicant information to a the computer matching program with Community Service Act of 1990 (NCSA)
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Document Created: 2016-02-17 01:16:54
Document Modified: 2016-02-17 01:16:54
| 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 March 18, 2016 to be assured of consideration. | |
| 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. | |
| FR Citation | 81 FR 8052 |
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