Notice2022-12080
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
June 6, 2022
Issuing agencies
Consumer Financial Protection Bureau
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting Office of Management and Budget's (OMB's) approval of a generic Information Collection titled, "Making Ends Meet Survey," under the Generic Information Collection Plan entitled, "Generic Information Collection Plan for Surveys Using the Consumer Credit Panel."
Full Text
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<title>Federal Register, Volume 87 Issue 108 (Monday, June 6, 2022)</title>
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[Federal Register Volume 87, Number 108 (Monday, June 6, 2022)]
[Notices]
[Pages 34256-34257]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-12080]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2022-0035]
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 Consumer Financial Protection Bureau (CFPB or Bureau) is requesting
Office of Management and Budget's (OMB's) approval of a generic
Information Collection titled, ``Making Ends Meet Survey,'' under the
Generic Information Collection Plan entitled, ``Generic Information
Collection Plan for Surveys Using the Consumer Credit Panel.''
DATES: Written comments are encouraged and must be received on or
before July 6, 2022 to be assured of consideration.
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
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. In general,
all comments received will become public records, including any
personal information provided. Sensitive
[[Page 34257]]
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 <a href="http://www.reginfo.gov">www.reginfo.gov</a>
(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 <a href="http://www.regulations.gov">http://www.regulations.gov</a>. Requests for additional
information should be directed to Anthony May, Paperwork Reduction Act
Officer, at (202) 841-0544, or email: <a href="/cdn-cgi/l/email-protection#86c5c0d6c4d9d6d4c7c6e5e0f6e4a8e1e9f0"><span class="__cf_email__" data-cfemail="94d7d2c4d6cbc4c6d5d4f7f2e4f6baf3fbe2">[email protected]</span></a>. If you require
this document in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#98dbdec8dac7d9fbfbfdebebf1faf1f4f1ece1d8fbfee8fab6fff7ee"><span class="__cf_email__" data-cfemail="d1929781938e90b2b2b4a2a2b8b3b8bdb8a5a891b2b7a1b3ffb6bea7">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Making Ends Meet Survey.
OMB Control Number: 3170-0066.
Type of Review: Request for approval of a generic information
collection under an existing Generic Information Collection Plan.
Affected Public: Individuals or households.
Estimated Number of Respondents: 4,250.
Estimated Total Annual Burden Hours: 1,263.
Abstract: Under the Dodd-Frank Wall Street Reform and Consumer
Protection Act, the Consumer Financial Protection Bureau is charged
with researching, analyzing, and reporting on topics relating to the
Bureau's mission, including consumer behavior, consumer awareness, and
developments in markets for consumer financial products and services.
To improve its understanding of how consumers engage with financial
markets, the Bureau has successfully used the Consumer Credit Panel
(CCP), a proprietary sample dataset from one of the national credit
reporting agencies, as a frame to survey people about their experiences
in consumer credit markets. This series of surveys solicits information
on the consumer's experience related to household financial shocks,
particularly shocks related to the economic effects of the COVID-19
pandemic, how households respond to those shocks, and the role of
savings to help provide a financial buffer. Additional topics in this
round of the survey include debt collection, healthcare, housing, and
financial decision-making, attitudes, and perspectives. The survey will
go to a new random sample of consumers from the CCP. All research under
this collection will be related to the household balance sheet, and,
thus, will be for general, formative, and informational research on
consumer financial markets and consumers' use of financial products and
will not directly provide the basis for specific policymaking at the
Bureau.
Request for Comments: The Bureau is publishing this notice and
soliciting comments directed to the Office of management and Budget 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 reviewed by OMB
as part of its review of this request. All comments will become a
matter of public record.
Special Request for Comments: The proposed survey contains more
questions than the Bureau intends to mail, the Bureau solicits comments
on which questions provide the most value. Comments submitted in
response to this notice will be submitted to OMB as part of its review
of this request. All comments will become a matter of public record.
Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2022-12080 Filed 6-3-22; 8:45 am]
BILLING CODE 4810-AM-P
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