Notice2022-17381
Agency Information Collection Activities: 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
August 12, 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) requests the extension of the Office of Management and Budget's (OMB's) approval of the existing information collection titled "Privacy of Consumer Financial Information (Regulation P)" approved under OMB Control Number 3170-0010.
Full Text
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<title>Federal Register, Volume 87 Issue 155 (Friday, August 12, 2022)</title>
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[Federal Register Volume 87, Number 155 (Friday, August 12, 2022)]
[Notices]
[Pages 49809-49810]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17381]
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CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2022-0057]
Agency Information Collection Activities: Comment Request
AGENCY: Consumer Financial Protection Bureau.
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) requests the
extension of the Office of Management and Budget's (OMB's) approval of
the existing information collection titled ``Privacy of Consumer
Financial Information (Regulation P)'' approved under OMB Control
Number 3170-0010.
DATES: Written comments are encouraged and must be received on or
before September 12, 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
[[Page 49810]]
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
<a href="http://www.regulations.gov">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#fab9bcaab8a5aaa8bbba999c8a98d49d958c"><span class="__cf_email__" data-cfemail="6a292c3a28353a382b2a090c1a08440d051c">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#85c6c3d5c7dac4e6e6e0f6f6ece7ece9ecf1fcc5e6e3f5e7abe2eaf3"><span class="__cf_email__" data-cfemail="5e1d180e1c011f3d3d3b2d2d373c3732372a271e3d382e3c70393128">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Privacy of Consumer Financial Information
(Regulation P).
OMB Control Number: 3170-0010.
Type of review: Extension of a currently approved information
collection.
Affected Public: Private sector: businesses or other for-profits.
Estimated Number of Respondents: 462,760.
Estimated Total Annual Burden Hours: 311,742.
Abstract: Section 502 of the Gramm-Leach-Bliley Act (GLBA) (Pub. L.
106-102) generally prohibits a financial institution from sharing
nonpublic personal information about a consumer with nonaffiliated
third parties unless the institution satisfies various disclosure
requirements (e.g., provision of initial privacy notices, annual
notices, notices of revisions to the institution's privacy policy and
opt-out notices) and the consumer has not elected to opt out of the
information sharing. The Bureau promulgated Regulation P (12 CFR 1016)
to implement the GLBA notice requirements and restrictions on a
financial institution's ability to disclose nonpublic personal
information about consumers to nonaffiliated third parties.
Request for Comments: The Bureau published a 60-day Federal
Register notice on 5/24/2022 (87 FR 31535) under Docket Number: CFPB-
2022-0033. The Bureau is soliciting comments 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 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. 2022-17381 Filed 8-11-22; 8:45 am]
BILLING CODE 4810-AM-P
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