Notice2022-03914
Agency Information Collection Activities; Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 24, 2022
Issuing agencies
Federal Trade Commission
Abstract
The FTC requests that the Office of Management and Budget (OMB) extend for three years the current Paperwork Reduction Act (PRA) clearance for information collection requirements contained in the agency's shared enforcement with the Consumer Financial Protection Bureau (CFPB) of subpart N of the CFPB's Regulation V (Rule). That clearance expires on February 28, 2022.
Full Text
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<title>Federal Register, Volume 87 Issue 37 (Thursday, February 24, 2022)</title>
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[Federal Register Volume 87, Number 37 (Thursday, February 24, 2022)]
[Notices]
[Pages 10365-10366]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-03914]
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FEDERAL TRADE COMMISSION
Agency Information Collection Activities; Submission for OMB
Review; Comment Request
AGENCY: Federal Trade Commission (FTC).
ACTION: Notice and request for comment.
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SUMMARY: The FTC requests that the Office of Management and Budget
(OMB) extend for three years the current Paperwork Reduction Act (PRA)
clearance for information collection requirements contained in the
agency's shared enforcement with the Consumer Financial Protection
Bureau (CFPB) of subpart N of the CFPB's Regulation V (Rule). That
clearance expires on February 28, 2022.
DATES: Comments must be received by March 28, 2022.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
[[Page 10366]]
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. The
<a href="http://reginfo.gov">reginfo.gov</a> web link is a United States Government website produced by
OMB and the General Services Administration (GSA). Under PRA
requirements, OMB's Office of Information and Regulatory Affairs (OIRA)
reviews Federal information collections.
FOR FURTHER INFORMATION CONTACT: Ryan Mehm, Attorney, Bureau of
Consumer Protection, (202) 326-2918, Federal Trade Commission, 600
Pennsylvania Ave. NW, Washington, DC 20580.
SUPPLEMENTARY INFORMATION:
Title: Regulation V, Subpart N (12 CFR 1022.130-1022.138).
OMB Control Number: 3084-0128.
Type of Review: Extension of a currently approved collection.
Annual Burden: After halving the updated estimates to split the PRA
burden with the CFPB regarding the Rule, the FTC's burden totals are
192,722 hours, $4,072,801 in associated labor costs, and $6,227,100 in
non-labor/capital costs.
Abstract: The FTC shares enforcement authority with the CFPB for
subpart N of Regulation V. Subpart N requires nationwide consumer
reporting agencies and nationwide consumer specialty reporting agencies
to provide to consumers, upon request, one free file disclosure within
any 12-month period. Generally, it requires the nationwide consumer
reporting agencies, as defined in Section 603(p) of the Fair Credit
Reporting Act (FCRA), 15 U.S.C. 1681a(p), to create and operate a
centralized source that provides consumers with the ability to request
their free annual file disclosures from each of the nationwide consumer
reporting agencies through a centralized internet website, toll-free
telephone number, and postal address. Subpart N also requires the
nationwide consumer reporting agencies to establish a standardized form
for internet and mail requests for annual file disclosures, and
provides a model standardized form that may be used to comply with that
requirement. It additionally requires nationwide specialty consumer
reporting agencies, as defined in Section 603(w) of the FCRA, 15 U.S.C.
1681a(w), to establish a streamlined process for consumers to request
annual file disclosures. This streamlined process must include a toll-
free telephone number for consumers to make such requests.
On November 16, 2021, the FTC sought public comment on the
information collection requirements associated with the Rule. 86 FR
63387. The Commission received no germane comments. Pursuant to the OMB
regulations, 5 CFR part 1320, that implement the PRA, 44 U.S.C. 3501 et
seq., the FTC is providing this second opportunity for public comment
while seeking OMB approval to renew the pre-existing clearance for the
Rules.
Your comment--including your name and your state--will be placed on
the public record of this proceeding. Because your comment will be made
public, you are solely responsible for making sure that your comment
does not include any sensitive personal information, such as anyone's
Social Security number; date of birth; driver's license number or other
state identification number, or foreign country equivalent; passport
number; financial account number; or credit or debit card number. You
are also solely responsible for making sure that your comment does not
include any sensitive health information, such as medical records or
other individually identifiable health information. In addition, your
comment should not include any ``trade secret or any commercial or
financial information which . . . is privileged or confidential''--as
provided by Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule
4.10(a)(2), 16 CFR 4.10(a)(2)--including in particular competitively
sensitive information such as costs, sales statistics, inventories,
formulas, patterns, devices, manufacturing processes, or customer
names.
Josephine Liu,
Assistant General Counsel for Legal Counsel.
[FR Doc. 2022-03914 Filed 2-23-22; 8:45 am]
BILLING CODE 6750-01-P
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</html>Indexed from Federal Register on February 24, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.