82_FR_47797 82 FR 47601 - Mack Trucks, Inc., Grant of Petition for Decision of Inconsequential Noncompliance

82 FR 47601 - Mack Trucks, Inc., Grant of Petition for Decision of Inconsequential Noncompliance

DEPARTMENT OF TRANSPORTATION
National Highway Traffic Safety Administration

Federal Register Volume 82, Issue 196 (October 12, 2017)

Page Range47601-47602
FR Document2017-22111

Mack Trucks, Inc. (MTI), has determined that certain model year (MY) 2017 Mack heavy duty trucks do not fully comply with Federal Motor Vehicle Safety Standard (FMVSS) No. 120, Tire selection and rims and motor home/recreation vehicle trailer load carrying capacity information for motor vehicles with a GVWR of more than 4,536 kilograms (10,000 pounds). MTI filed a noncompliance information report dated February 9, 2017. MTI also petitioned NHTSA on February 28, 2017, and revised its petition on April 29, 2017, for a decision that the subject noncompliance is inconsequential as it relates to motor vehicle safety.

Federal Register, Volume 82 Issue 196 (Thursday, October 12, 2017)
[Federal Register Volume 82, Number 196 (Thursday, October 12, 2017)]
[Notices]
[Pages 47601-47602]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22111]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

National Highway Traffic Safety Administration

[Docket No. NHTSA-2017-0016; Notice 2]


Mack Trucks, Inc., Grant of Petition for Decision of 
Inconsequential Noncompliance

AGENCY: National Highway Traffic Safety Administration (NHTSA), 
Department of Transportation (DOT).

ACTION: Grant of petition.

-----------------------------------------------------------------------

SUMMARY: Mack Trucks, Inc. (MTI), has determined that certain model 
year (MY) 2017 Mack heavy duty trucks do not fully comply with Federal 
Motor Vehicle Safety Standard (FMVSS) No. 120, Tire selection and rims 
and motor home/recreation vehicle trailer load carrying capacity 
information for motor vehicles with a GVWR of more than 4,536 kilograms 
(10,000 pounds). MTI filed a noncompliance information report dated 
February 9, 2017. MTI also petitioned NHTSA on February 28, 2017, and 
revised its petition on April 29, 2017, for a decision that the subject 
noncompliance is inconsequential as it relates to motor vehicle safety.

ADDRESSES: For further information on this decision contact Kerrin 
Bressant, Office of Vehicle Safety Compliance, the National Highway 
Traffic Safety Administration (NHTSA), telephone (202) 366-1110, 
facsimile (202) 366-5930.

SUPPLEMENTARY INFORMATION: 
    I. Overview: Mack Trucks, Inc. (MTI), has determined that certain 
model year (MY) 2017 Mack heavy duty trucks do not fully comply with 
paragraph S5.2(b) of Federal Motor Vehicle Safety Standard (FMVSS) No. 
120, Tire selection and rims and motor home/recreation vehicle trailer 
load carrying capacity information for motor vehicles with a GVWR of 
more than 4,536 kilograms (10,000 pounds). MTI filed a noncompliance 
report dated February 9, 2017, pursuant to 49 CFR part 573, Defect and 
Noncompliance Responsibility and Reports. MTI also petitioned NHTSA on 
February 28, 2017, pursuant to 49 U.S.C. 30118(d) and 30120(h) and 49 
CFR part 556, and revised its petition on April 29, 2017, to obtain an 
exemption from the notification and remedy requirements of 49 U.S.C. 
Chapter 301 on the basis that this noncompliance is inconsequential as 
it relates to motor vehicle safety.
    Notice of receipt of the petition was published with a 30-day 
public comment period, on July 20, 2017, in the Federal Register (82 FR 
33546). No comments were received. To view the petition and all 
supporting documents log onto the Federal Docket Management System 
(FDMS) Web site at: https://www.regulations.gov/. Then follow the 
online search instructions to locate docket number ``NHTSA-2017-0016.''
    II. Vehicles Involved: Approximately 226 MY 2017 Mack Pinnacle, 
Granite, TerraPro and LR heavy duty trucks, manufactured between August 
15, 2016, and December 12, 2016, are potentially involved.
    III. Noncompliance: MTI explains that the noncompliance is that the 
wheels on the subject vehicles incorrectly identify the rim size as 
24.5'' x 8.25'' instead of 22.5'' x 8.25'', and therefore do not meet 
the requirements of paragraph S5.2(b) of FMVSS No. 120. Specifically, 
the marking error overstates the wheel diameter by 2''.
    IV. Rule Text: paragraph S5.2 of FMVSS No. 120 states:

    S5.2 Rim marking. Each rim or, at the option of the manufacturer 
in the case of a single-piece wheel, wheel disc shall be marked with 
the information listed in paragraphs (a) through (e) of this 
paragraph, in lettering not less than 3 millimeters high, impressed 
to a depth or, at the option of the manufacturer, embossed to a 
height of not less than 0.125 millimeters . . .
    (b) The rim size designation, and in case of multipiece rims, 
the rim type designation. For example: 20 x 5.50, or 20 x 5.5.

    V. Summary of MTI's Petition: MTI described the subject 
noncompliance and stated its belief that the noncompliance is 
inconsequential as it relates to motor vehicle safety.
    In support of its petition, MTI referenced a letter to NHTSA, dated 
December 5, 2016, from Arconic Wheel and Transportation Products 
(Arconic), which is the rim manufacturer, and provided the following 
reasoning:
    1. A 24.5'' inch tire will not seat on the rim; therefore, if 
someone tries to mount a 24.5'' tire to the rim, it will not hold air 
and therefore cannot be inflated.
    2. When tires are replaced, the technician will select the tire 
based on the size and rating of the tire being replaced. When Mack 
manufactured the vehicle, the tire used was a 22.5'' (i.e., the correct 
size for the rim). Therefore, the tires installed by Mack have the 
correct size on the sidewall of the tire.
    3. Mack is required to list the tires size and inflation pressures 
on the certification label as required by 49 CFR 567. The information 
printed on the label is the correct size, a 22.5'' inch tire and 
reflects the tires that were installed when manufactured. The 
certification label is located inside the driver's door and can be 
easily accessed by the tire installer.
    MTI concluded by expressing the belief that the subject 
noncompliance is inconsequential as it relates to motor vehicle safety, 
and that its petition to be exempted from providing notification of the 
noncompliance, as required by 49 U.S.C. 30118, and a remedy for the 
noncompliance, as required by 49 U.S.C. 30120, should be granted.
    To view MTI's petition analyses in its entirety you can visit 
https://www.regulations.gov by following the online instructions for 
accessing the dockets and by using the docket ID number for this 
petition shown in the heading of this notice.

[[Page 47602]]

NHTSA Decision

    NHTSA Analysis: MTI explains that the noncompliance is that the 
wheels on the subject vehicles incorrectly identify the rim size as 
24.5'' x 8.25'' instead of 22.5'' x 8.25'', and therefore do not meet 
the requirements of paragraph S5.2(b) of FMVSS No. 120. Specifically, 
the marking error overstates the wheel diameter by 2''.
    NHTSA has reviewed MTI's analyses that the subject noncompliance is 
inconsequential to motor vehicle safety and provides the following 
analysis:
    When it comes to mating a tire and rim combination, it becomes very 
apparent very quickly that either an oversized tire on a rim or an 
undersized tire on the same sized rim will not properly seat to that 
rim. In this particular case (the former) as MTI has mentioned in its 
petition, if someone tries to mount a 24.5'' inch tire on an undersized 
rim (22.5''), it will not hold air and therefore cannot be inflated. 
The inability to mount the incorrect tire on the rim precludes one's 
ability to actually drive with an incorrect tire-rim combination on 
public roadways. Furthermore, FMVSS No. 120 paragraph S5.3 requires 
vehicles be labeled with proper tire/rim size combinations. This 
additional information is available to provide the vehicle operator or 
technician with the correct tire/rim size information.
    NHTSA's Decision: In consideration of the foregoing, NHTSA finds 
that MTI has met its burden of persuasion that the FMVSS No. 120 
noncompliance is inconsequential as it relates to motor vehicle safety. 
Accordingly, MTI's petition is hereby granted and MTI is consequently 
exempted from the obligation to provide notification of, and remedy 
for, the subject noncompliance in the affected vehicles under 49 U.S.C. 
30118 and 30120.
    NHTSA notes that the statutory provisions (49 U.S.C. 30118(d) and 
30120(h)) that permit manufacturers to file petitions for a 
determination of inconsequentiality allow NHTSA to exempt manufacturers 
only from the duties found in sections 30118 and 30120, respectively, 
to notify owners, purchasers, and dealers of a defect or noncompliance 
and to remedy the defect or noncompliance. Therefore, this decision 
only applies to the subject vehicles that MTI no longer controlled at 
the time it determined that the noncompliance existed. However, the 
granting of this petition does not relieve vehicle distributors and 
dealers of the prohibitions on the sale, offer for sale, or 
introduction or delivery for introduction into interstate commerce of 
the noncompliant vehicles under their control after MTI notified them 
that the subject noncompliance existed.

    Authority:  49 U.S.C. 30118, 30120: delegations of authority at 
49 CFR 1.95 and 501.8.

Jeffrey M. Giuseppe,
Director, Office of Vehicle Safety Compliance.
[FR Doc. 2017-22111 Filed 10-11-17; 8:45 am]
 BILLING CODE 4910-59-P



                                                                                Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices                                              47601

                                                    not have any adverse safety                             120, Tire selection and rims and motor                FMVSS No. 120. Specifically, the
                                                    implications.                                           home/recreation vehicle trailer load                  marking error overstates the wheel
                                                       NHTSA’S Decision: In consideration                   carrying capacity information for motor               diameter by 2″.
                                                    of the foregoing, NHTSA finds that                      vehicles with a GVWR of more than                       IV. Rule Text: paragraph S5.2 of
                                                    Arconic has met its burden of                           4,536 kilograms (10,000 pounds). MTI                  FMVSS No. 120 states:
                                                    persuasion that the subject FMVSS No.                   filed a noncompliance information
                                                                                                                                                                    S5.2 Rim marking. Each rim or, at the
                                                    120 noncompliance on the affected                       report dated February 9, 2017. MTI also               option of the manufacturer in the case of a
                                                    wheels is inconsequential to motor                      petitioned NHTSA on February 28,                      single-piece wheel, wheel disc shall be
                                                    vehicle safety. Accordingly, Arconic’s                  2017, and revised its petition on April               marked with the information listed in
                                                    petition is hereby granted and Arconic                  29, 2017, for a decision that the subject             paragraphs (a) through (e) of this paragraph,
                                                    is consequently exempted from the                       noncompliance is inconsequential as it                in lettering not less than 3 millimeters high,
                                                    obligation of providing notification of,                relates to motor vehicle safety.                      impressed to a depth or, at the option of the
                                                    and a free remedy for, that                             ADDRESSES: For further information on                 manufacturer, embossed to a height of not
                                                    noncompliance under 49 U.S.C. 30118                                                                           less than 0.125 millimeters . . .
                                                                                                            this decision contact Kerrin Bressant,
                                                    and 30120.                                                                                                      (b) The rim size designation, and in case
                                                                                                            Office of Vehicle Safety Compliance, the              of multipiece rims, the rim type designation.
                                                       NHTSA notes that the statutory                       National Highway Traffic Safety                       For example: 20 × 5.50, or 20 × 5.5.
                                                    provisions (49 U.S.C. 30118(d) and                      Administration (NHTSA), telephone
                                                    30120(h)) that permit manufacturers to                  (202) 366–1110, facsimile (202) 366–                    V. Summary of MTI’s Petition: MTI
                                                    file petitions for a determination of                   5930.                                                 described the subject noncompliance
                                                    inconsequentiality allow NHTSA to                                                                             and stated its belief that the
                                                                                                            SUPPLEMENTARY INFORMATION:
                                                    exempt manufacturers only from the                         I. Overview: Mack Trucks, Inc. (MTI),              noncompliance is inconsequential as it
                                                    duties found in sections 30118 and                      has determined that certain model year                relates to motor vehicle safety.
                                                    30120, respectively, to notify owners,                  (MY) 2017 Mack heavy duty trucks do                     In support of its petition, MTI
                                                    purchasers, and dealers of a defect or                  not fully comply with paragraph S5.2(b)               referenced a letter to NHTSA, dated
                                                    noncompliance and to remedy the                         of Federal Motor Vehicle Safety                       December 5, 2016, from Arconic Wheel
                                                    defect or noncompliance. Therefore, this                Standard (FMVSS) No. 120, Tire                        and Transportation Products (Arconic),
                                                    decision only applies to the subject                    selection and rims and motor home/                    which is the rim manufacturer, and
                                                    wheels that Arconic no longer                           recreation vehicle trailer load carrying              provided the following reasoning:
                                                    controlled at the time it determined that               capacity information for motor vehicles                 1. A 24.5″ inch tire will not seat on
                                                    the noncompliance existed. However,                     with a GVWR of more than 4,536                        the rim; therefore, if someone tries to
                                                    the granting of this petition does not                  kilograms (10,000 pounds). MTI filed a                mount a 24.5″ tire to the rim, it will not
                                                    relieve equipment distributors and                      noncompliance report dated February 9,                hold air and therefore cannot be
                                                    dealers of the prohibitions on the sale,                2017, pursuant to 49 CFR part 573,                    inflated.
                                                    offer for sale, or introduction or delivery             Defect and Noncompliance
                                                    for introduction into interstate                                                                                2. When tires are replaced, the
                                                                                                            Responsibility and Reports. MTI also                  technician will select the tire based on
                                                    commerce of the noncompliant wheels                     petitioned NHTSA on February 28,
                                                    under their control after Arconic                                                                             the size and rating of the tire being
                                                                                                            2017, pursuant to 49 U.S.C. 30118(d)                  replaced. When Mack manufactured the
                                                    notified them that the subject                          and 30120(h) and 49 CFR part 556, and
                                                    noncompliance existed.                                                                                        vehicle, the tire used was a 22.5″ (i.e.,
                                                                                                            revised its petition on April 29, 2017, to            the correct size for the rim). Therefore,
                                                      Authority: 49 U.S.C. 30118, 30120:                    obtain an exemption from the                          the tires installed by Mack have the
                                                    delegations of authority at 49 CFR 1.95 and             notification and remedy requirements of               correct size on the sidewall of the tire.
                                                    501.8.                                                  49 U.S.C. Chapter 301 on the basis that                 3. Mack is required to list the tires
                                                    Jeffrey M. Giuseppe,                                    this noncompliance is inconsequential                 size and inflation pressures on the
                                                    Director, Office of Vehicle Safety Compliance.          as it relates to motor vehicle safety.                certification label as required by 49 CFR
                                                                                                               Notice of receipt of the petition was
                                                    [FR Doc. 2017–22110 Filed 10–11–17; 8:45 am]                                                                  567. The information printed on the
                                                                                                            published with a 30-day public
                                                    BILLING CODE 4910–59–P                                                                                        label is the correct size, a 22.5″ inch tire
                                                                                                            comment period, on July 20, 2017, in
                                                                                                                                                                  and reflects the tires that were installed
                                                                                                            the Federal Register (82 FR 33546). No
                                                                                                                                                                  when manufactured. The certification
                                                    DEPARTMENT OF TRANSPORTATION                            comments were received. To view the
                                                                                                                                                                  label is located inside the driver’s door
                                                                                                            petition and all supporting documents
                                                                                                                                                                  and can be easily accessed by the tire
                                                    National Highway Traffic Safety                         log onto the Federal Docket
                                                                                                                                                                  installer.
                                                    Administration                                          Management System (FDMS) Web site
                                                                                                            at: https://www.regulations.gov/. Then                  MTI concluded by expressing the
                                                    [Docket No. NHTSA–2017–0016; Notice 2]                  follow the online search instructions to              belief that the subject noncompliance is
                                                                                                            locate docket number ‘‘NHTSA–2017–                    inconsequential as it relates to motor
                                                    Mack Trucks, Inc., Grant of Petition for                                                                      vehicle safety, and that its petition to be
                                                    Decision of Inconsequential                             0016.’’
                                                                                                               II. Vehicles Involved: Approximately               exempted from providing notification of
                                                    Noncompliance                                                                                                 the noncompliance, as required by 49
                                                                                                            226 MY 2017 Mack Pinnacle, Granite,
                                                    AGENCY: National Highway Traffic                        TerraPro and LR heavy duty trucks,                    U.S.C. 30118, and a remedy for the
                                                                                                                                                                  noncompliance, as required by 49
asabaliauskas on DSKBBXCHB2PROD with NOTICES




                                                    Safety Administration (NHTSA),                          manufactured between August 15, 2016,
                                                    Department of Transportation (DOT).                     and December 12, 2016, are potentially                U.S.C. 30120, should be granted.
                                                    ACTION: Grant of petition.                              involved.                                               To view MTI’s petition analyses in its
                                                                                                               III. Noncompliance: MTI explains that              entirety you can visit https://
                                                    SUMMARY:   Mack Trucks, Inc. (MTI), has                 the noncompliance is that the wheels on               www.regulations.gov by following the
                                                    determined that certain model year                      the subject vehicles incorrectly identify             online instructions for accessing the
                                                    (MY) 2017 Mack heavy duty trucks do                     the rim size as 24.5″ × 8.25″ instead of              dockets and by using the docket ID
                                                    not fully comply with Federal Motor                     22.5″ × 8.25″, and therefore do not meet              number for this petition shown in the
                                                    Vehicle Safety Standard (FMVSS) No.                     the requirements of paragraph S5.2(b) of              heading of this notice.


                                               VerDate Sep<11>2014   22:35 Oct 11, 2017   Jkt 244001   PO 00000   Frm 00156   Fmt 4703   Sfmt 4703   E:\FR\FM\12OCN1.SGM   12OCN1


                                                    47602                       Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices

                                                    NHTSA Decision                                          the noncompliant vehicles under their                 loan or line of credit that a bank makes
                                                       NHTSA Analysis: MTI explains that                    control after MTI notified them that the              available to a customer whose deposit
                                                    the noncompliance is that the wheels on                 subject noncompliance existed.                        account reflects recurring direct
                                                    the subject vehicles incorrectly identify                 Authority: 49 U.S.C. 30118, 30120:                  deposits. The customer obtains a loan,
                                                    the rim size as 24.5″ x 8.25″ instead of                delegations of authority at 49 CFR 1.95 and           which is to be repaid from the proceeds
                                                    22.5″ x 8.25″, and therefore do not meet                501.8.                                                of the next direct deposit. The Guidance
                                                    the requirements of paragraph S5.2(b) of                                                                      highlighted potential credit, reputation,
                                                                                                            Jeffrey M. Giuseppe,                                  operational, compliance, and other
                                                    FMVSS No. 120. Specifically, the                        Director, Office of Vehicle Safety Compliance.
                                                    marking error overstates the wheel                                                                            issues associated with deposit advance
                                                                                                            [FR Doc. 2017–22111 Filed 10–11–17; 8:45 am]          products and encouraged banks to be
                                                    diameter by 2″.
                                                       NHTSA has reviewed MTI’s analyses                    BILLING CODE 4910–59–P                                aware of these issues so that banks
                                                    that the subject noncompliance is                                                                             offering these products in response to
                                                    inconsequential to motor vehicle safety                                                                       their customers’ short-term, small-dollar
                                                    and provides the following analysis:                    DEPARTMENT OF THE TREASURY                            credit needs did not engage in practices
                                                       When it comes to mating a tire and                                                                         that would increase these risks or result
                                                    rim combination, it becomes very                        Office of the Comptroller of the                      in the unfair treatment of bank
                                                    apparent very quickly that either an                    Currency                                              customers.
                                                    oversized tire on a rim or an undersized                [Docket ID OCC–2017–0019]                                Since adoption of the Guidance in
                                                    tire on the same sized rim will not                                                                           2013, the regulatory and marketplace
                                                    properly seat to that rim. In this                      Rescission of Guidance on                             landscapes have changed, and the OCC
                                                    particular case (the former) as MTI has                 Supervisory Concerns and                              has gained supervisory experience with
                                                    mentioned in its petition, if someone                   Expectations Regarding Deposit                        application of the Guidance to deposit
                                                    tries to mount a 24.5″ inch tire on an                  Advance Products                                      advance products. Most recently, the
                                                    undersized rim (22.5″), it will not hold                                                                      CFPB adopted a rule entitled ‘‘Payday,
                                                                                                            AGENCY:  Office of the Comptroller of the             Vehicle Title, and Certain High-Cost
                                                    air and therefore cannot be inflated. The               Currency (OCC), Treasury.
                                                    inability to mount the incorrect tire on                                                                      Installment Loans’’ (CFPB’s Final
                                                    the rim precludes one’s ability to                      ACTION: Rescission of guidance.                       Rule),2 regarding short-term, small-
                                                    actually drive with an incorrect tire-rim                                                                     dollar loans, which overlaps with the
                                                                                                            SUMMARY:    The OCC is rescinding its
                                                    combination on public roadways.                                                                               Guidance and will therefore apply to
                                                                                                            supervisory guidance entitled
                                                    Furthermore, FMVSS No. 120 paragraph                                                                          many of the loans addressed by the
                                                                                                            ‘‘Guidance on Supervisory Concerns
                                                    S5.3 requires vehicles be labeled with                                                                        Guidance. For example, the CFPB’s
                                                                                                            and Expectations Regarding Deposit
                                                    proper tire/rim size combinations. This                                                                       Final Rule includes underwriting
                                                                                                            Advance Products’’ and OCC Bulletin
                                                    additional information is available to                                                                        requirements for covered loans that are
                                                                                                            2013–40 (collectively, Guidance), which
                                                    provide the vehicle operator or                                                                               inconsistent with certain aspects of the
                                                                                                            address the OCC’s expectations
                                                    technician with the correct tire/rim size                                                                     Guidance. In addition, the CFPB’s Final
                                                                                                            regarding the offering of deposit
                                                    information.                                                                                                  Rule provides for cooling-off periods
                                                                                                            advance products by national banks and
                                                       NHTSA’s Decision: In consideration                                                                         that differ from those set forth in the
                                                                                                            federal savings associations
                                                    of the foregoing, NHTSA finds that MTI                                                                        Guidance. Thus, the continuation of the
                                                                                                            (collectively, banks). The OCC is
                                                    has met its burden of persuasion that                                                                         Guidance would subject banks to
                                                                                                            rescinding the Guidance in light of the
                                                    the FMVSS No. 120 noncompliance is                                                                            potentially inconsistent regulatory
                                                                                                            adoption of a final rule on payday,
                                                    inconsequential as it relates to motor                                                                        direction and undue burden as banks
                                                                                                            vehicle title, and certain high-cost
                                                    vehicle safety. Accordingly, MTI’s                                                                            prepare to implement the requirements
                                                                                                            installment loans by the Consumer
                                                    petition is hereby granted and MTI is                                                                         of the CFPB’s Final Rule.
                                                                                                            Financial Protection Bureau (CFPB),
                                                    consequently exempted from the                          which overlaps with the Guidance,                        In addition, based on the changed
                                                    obligation to provide notification of, and              resulting in potentially inconsistent                 regulatory and marketplace landscape
                                                    remedy for, the subject noncompliance                   regulatory guidance for banks.                        and our supervisory experience noted
                                                    in the affected vehicles under 49 U.S.C.                                                                      above, the OCC is concerned that banks
                                                                                                            DATES: This Guidance is rescinded
                                                    30118 and 30120.                                                                                              are able to serve consumers’ needs for
                                                       NHTSA notes that the statutory                       effective October 5, 2017.
                                                                                                                                                                  short-term, small-dollar credit. As a
                                                    provisions (49 U.S.C. 30118(d) and                      FOR FURTHER INFORMATION CONTACT: Paul                 practical matter, consumers who would
                                                    30120(h)) that permit manufacturers to                  Reymann, Director, Consumer                           prefer to rely on banks and thrifts for
                                                    file petitions for a determination of                   Compliance Policy, (202) 649–5470;                    these products may be forced to rely on
                                                    inconsequentiality allow NHTSA to                       Steven Jones, Director, Retail Credit                 less regulated lenders and be exposed to
                                                    exempt manufacturers only from the                      Risk, (202) 649–6220; Kenneth Lennon,                 the risk of consumer harm and expense.
                                                    duties found in sections 30118 and                      Director, Community and Consumer                         Accordingly, the OCC is rescinding
                                                    30120, respectively, to notify owners,                  Law, (202) 649–6350; Office of the                    the Guidance. In rescinding the
                                                    purchasers, and dealers of a defect or                  Comptroller of the Currency, 400 7th                  Guidance, the OCC considered that
                                                    noncompliance and to remedy the                         Street SW., Washington, DC 20219 or,                  many other OCC guidance documents
                                                    defect or noncompliance. Therefore, this                for persons who are deaf or hard of                   cover key elements of consumer
                                                                                                            hearing, TTY, (202) 649–5597.
asabaliauskas on DSKBBXCHB2PROD with NOTICES




                                                    decision only applies to the subject                                                                          lending, and these guidance documents
                                                    vehicles that MTI no longer controlled                  SUPPLEMENTARY INFORMATION:
                                                    at the time it determined that the                         In 2013, the OCC issued the Guidance                  2 Today the CFPB announced that it adopted and
                                                    noncompliance existed. However, the                     to set forth the agency’s expectations                submitted the CFPB’s Final Rule for publication in
                                                    granting of this petition does not relieve              regarding deposit advance products                    the Federal Register. https://
                                                    vehicle distributors and dealers of the                 offered by banks.1 A deposit advance                  www.consumerfinance.gov/policy-compliance/
                                                                                                                                                                  rulemaking/final-rules/payday-vehicle-title-and-
                                                    prohibitions on the sale, offer for sale,               product is a small-dollar, short-term                 certain-high-cost-installment-loans/. The CFPB
                                                    or introduction or delivery for                                                                               issued its notice of proposed rulemaking on payday
                                                    introduction into interstate commerce of                  1 78   FR 70624 (November 26, 2013).                loans in 2016. 81 FR 47864 (July 22, 2016).



                                               VerDate Sep<11>2014   22:35 Oct 11, 2017   Jkt 244001   PO 00000   Frm 00157   Fmt 4703   Sfmt 4703   E:\FR\FM\12OCN1.SGM   12OCN1



Document Created: 2018-10-25 10:04:15
Document Modified: 2018-10-25 10:04:15
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionGrant of petition.
FR Citation82 FR 47601 

2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR