82 FR 52894 - Agency Information Collection Activities: Comment Request

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 82, Issue 219 (November 15, 2017)

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Bureau of Consumer Financial Protection (Bureau) is requesting approval for a new information collection, titled, ``Web-Based Quantitative Testing of Point of Sale/ATM (POS/ATM) Overdraft Disclosure Forms''.

[Federal Register Volume 82, Number 219 (Wednesday, November 15, 2017)]
[Notices]
[Page 52894]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-24699]



[[Page 52894]]

=======================================================================
-----------------------------------------------------------------------

BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2017-0039]


Agency Information Collection Activities: 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 Bureau of Consumer Financial Protection (Bureau) is requesting 
approval for a new information collection, titled, ``Web-Based 
Quantitative Testing of Point of Sale/ATM (POS/ATM) Overdraft 
Disclosure Forms''.

DATES: Written comments are encouraged and must be received on or 
before January 16, 2018 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.
     Mail: Consumer Financial Protection Bureau (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552.
     Hand Delivery/Courier: Consumer Financial Protection 
Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 
20002.
    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.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 
mailbox.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Web-Based Quantitative Testing of Point of 
Sale/ATM (POS/ATM) Overdraft Disclosure Forms.
    OMB Control Number: 3170-XXXX.
    Type of Review: New Collection (Request for a New OMB Control 
Number).
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 8,000.
    Estimated Total Annual Burden Hours: 2,000.
    Abstract: The Bureau seeks approval from the Office of Management 
and Budget (``OMB'') to conduct online testing of ATM/debit card 
overdraft disclosures with 8,000 individuals. This study is being 
undertaken under the Bureau's authority under Title X of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''), 
Public Law 111-203 and the Electronic Fund Transfer Act (EFTA), Public 
Law 95-630. The testing will explore consumer comprehension and 
decision-making in response to overdraft disclosure forms. It will also 
explore financial product usage, behavioral traits, and other consumer 
characteristics that may interact with a consumer's experiences with 
overdraft programs and related disclosure forms. The testing will be 
conducted with a sample of U.S. adults, with oversampling of 
respondents who have previously reported experience with overdraft 
fees.
    Request for Comments: Comments are 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: November 8, 2017.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2017-24699 Filed 11-14-17; 8:45 am]
 BILLING CODE 4810-AM-P