82 FR 32686 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 82, Issue 135 (July 17, 2017)

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Bureau of Consumer Financial Protection (Bureau) is proposing to renew the Office of Management and Budget (OMB) approval for an existing information collection titled, ``Fair Credit Reporting Act (Regulation V).''

[Federal Register Volume 82, Number 135 (Monday, July 17, 2017)]
[Notices]
[Pages 32686-32687]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-14907]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2017-0017]


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Bureau of Consumer Financial Protection (Bureau) is proposing to 
renew the Office of Management and Budget (OMB) approval for an 
existing information collection titled, ``Fair Credit Reporting Act 
(Regulation V).''

DATES: Written comments are encouraged and must be received on or 
before August 16, 2017 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 available at www.reginfo.gov 
(this link becomes 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: Fair Credit Reporting Act (Regulation V) 12 
CFR 1022.
    OMB Control Number: 3170-0002.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Businesses and other for profit.
    Estimated Number of Respondents: 779,073.
    Estimated Total Annual Burden Hours: 6,093,412.
    Abstract: The consumer disclosures included in Regulation V are 
designed to alert consumers that a financial institution furnished 
negative information about them to a consumer reporting agency, that 
they have a right to opt out of receiving marketing materials and 
credit or insurance offers, that their credit report was used in 
setting the material terms of credit that may be less favorable than 
the terms offered to consumers with better credit histories, that they 
maintain certain rights with respect to a theft of their identity that 
they reported to a consumer reporting agency, that they maintain rights 
with respect to knowing what is in their consumer reporting agency 
file, that they can request a free credit report, and that they can 
report a theft of their identity to the CFPB. Consumers then can use 
the information provided to consider how and when to check and use 
their credit reports.
    This is a routine request for OMB to renew its approval of the 
collections of information currently approved under this OMB control 
number. The Bureau is not proposing any new or revised collections of 
information pursuant to this request.

REQUEST FOR COMMENTS: The Bureau issued a 60-day Federal Register 
notice on February 23, 2017, 82 FR 11437, Docket Number: CFPB-2017-
0003. 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

[[Page 32687]]

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 reviewed by OMB as part of its 
review of this request. All comments will become a matter of public 
record.

Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2017-14907 Filed 7-14-17; 8:45 am]
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