Notice2022-25547
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
November 23, 2022
Issuing agencies
Consumer Financial Protection Bureau
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (Bureau or CFPB) is requesting the Office of Management and Budget's (OMB's) approval of a new information collection titled "Generic Information Collection Plan for Foundational Research about Consumer Credit Markets and Household Financial Decision-Making."
Full Text
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<title>Federal Register, Volume 87 Issue 225 (Wednesday, November 23, 2022)</title>
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[Federal Register Volume 87, Number 225 (Wednesday, November 23, 2022)]
[Notices]
[Pages 71586-71587]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-25547]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2022-0078]
Agency Information Collection Activities: 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 (Bureau or CFPB) is requesting
the Office of Management and Budget's (OMB's) approval of a new
information collection titled ``Generic Information Collection Plan for
Foundational Research about Consumer Credit Markets and Household
Financial Decision-Making.''
DATES: Written comments are encouraged and must be received on or
before January 23, 2023 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:
<bullet> Federal eRulemaking Portal: <a href="https://www.regulations.gov">https://www.regulations.gov</a>.
Follow the instructions for submitting comments.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#1d4d4f5c425e7270707873696e5d7e7b6d7f337a726b"><span class="__cf_email__" data-cfemail="2f7f7d6e706c4042424a415b5c6f4c495f4d01484059">[email protected]</span></a>. Include Docket No. CFPB-
2022-0078 in the subject line of the email.
<bullet> Mail/Hand Delivery/Courier: Comment Intake, Consumer
Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW,
Washington, DC 20552. Because paper mail in the Washington, DC area and
at the Bureau is subject to delay, commenters are encouraged to submit
comments electronically.
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
<a href="http://www.regulations.gov">www.regulations.gov</a>. Requests for additional information should be
directed to Anthony May, PRA Officer, at (202) 435-7278, or email:
<a href="/cdn-cgi/l/email-protection#5d1e1b0d1f020d0f1c1d3e3b2d3f733a322b"><span class="__cf_email__" data-cfemail="0c4f4a5c4e535c5e4d4c6f6a7c6e226b637a">[email protected]</span></a>. If you require this document in an alternative
electronic format, please contact <a href="/cdn-cgi/l/email-protection#b4f7f2e4f6ebf5d7d7d1c7c7ddd6ddd8ddc0cdf4d7d2c4d69ad3dbc2"><span class="__cf_email__" data-cfemail="793a3f293b26381a1a1c0a0a101b1015100d00391a1f091b571e160f">[email protected]</span></a>. Please
do not submit comments to these email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Generic Information Collection Plan for
Foundational Research about Consumer Credit Markets and Household
Financial Decision-Making.
OMB Control Number: 3170-00XX.
Type of Review: New collection.
Affected Public: Individuals or households; private sector:
businesses or other for-profits; not-for-profits institutions.
Estimated Number of Respondents: 48,000.
Estimated Total Annual Burden Hours: 24,000.
Abstract: Under the Dodd-Frank Wall Street Reform and Consumer
Protection Act, the Bureau is tasked with researching, analyzing, and
reporting on topics relating to the Bureau's mission, including
developments in markets for consumer financial products and services,
consumer awareness, and consumer behavior. Under this generic
information collection plan, the Bureau collects data through
qualitative and quantitative methods, including focus groups,
interviews, and controlled trials in field and laboratory settings. The
primary purpose of research carried out under this generic clearance is
for foundational research of an exploratory nature. This foundational
research will be used for developmental and
[[Page 71587]]
informative purposes to increase the Bureau's understanding of consumer
credit markets and household financial decision-making. In addition,
research may be related to the Bureau's mission regarding financial
education, including evaluating the effectiveness of financial
education programs and understanding financial planning behaviors,
including savings, spending, and investing behavior. The Bureau
envisions that the research covered under this clearance will be basic
foundational research about consumer credit markets and household
finance.
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's
approval. All comments will become a matter of public record.
Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2022-25547 Filed 11-22-22; 8:45 am]
BILLING CODE 4810-AM-P
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