Notice2022-28044
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
December 27, 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) requests the extension of the Office of Management and Budget's (OMB's) approval of an existing information collection titled "Truth in Savings (Regulation DD)" approved under OMB Number 3170-0004.
Full Text
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<title>Federal Register, Volume 87 Issue 247 (Tuesday, December 27, 2022)</title>
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[Federal Register Volume 87, Number 247 (Tuesday, December 27, 2022)]
[Notices]
[Pages 79287-79288]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-28044]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2022-0086]
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) requests the
extension of the Office of Management and Budget's (OMB's) approval of
an existing information collection titled ``Truth in Savings
(Regulation DD)'' approved under OMB Number 3170-0004.
DATES: Written comments are encouraged and must be received on or
before January 26, 2023 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
[[Page 79288]]
for Public Comments'' or by using the search function. 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: Requests for additional information
should be directed to Anthony May, Paperwork Reduction Act Officer, at
(202) 435-7278, or email: <a href="/cdn-cgi/l/email-protection#4d0e0b1d0f121d1f0c0d2e2b3d2f632a223b"><span class="__cf_email__" data-cfemail="13505543514c43415253707563713d747c65">[email protected]</span></a>. If you require this
document in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#0744415745584664646274746e656e6b6e737e476461776529606871"><span class="__cf_email__" data-cfemail="99dadfc9dbc6d8fafafceaeaf0fbf0f5f0ede0d9faffe9fbb7fef6ef">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Truth in Savings (Regulation DD).
OMB Control Number: 3170-0004.
Type of Review: Extension without change of a currently approved
collection.
Affected Public: Private sector: businesses or other for-profits
institutions.
Estimated Number of Respondents: 171.
Estimated Total Annual Burden Hours: 561,632.
Abstract: Consumers rely on the disclosures required by the Truth
in Savings Act (TISA) and Regulation DD to facilitate informed
decision-making regarding deposit accounts offered at depository
institutions. Without this information, consumers would be severely
hindered in their ability to assess the true costs and terms of the
deposit accounts offered. Federal agencies and private litigants use
these records to ascertain whether accurate and complete disclosures of
depository accounts have been provided to consumers. This information
also provides the primary evidence of law violations in TISA
enforcement actions brought by the Bureau. Without the Regulation DD
recordkeeping requirement, the Bureau's ability to enforce TISA would
be significantly impaired.
Request for Comments: The Bureau published a 60-day Federal
Register notice on October 4, 2022 (87 FR 60136) under Docket Number:
CFPB-2022-0065. The Bureau is publishing this notice and 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
reviewed by 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. 2022-28044 Filed 12-23-22; 8:45 am]
BILLING CODE 4810-AM-P
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