Notice2023-02865
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
February 10, 2023
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 revision of the Office of Management and Budget's (OMB's) approval of an existing information collection titled "Terms of Credit Card Plans Survey" approved under OMB Number 3170-0001.
Full Text
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<title>Federal Register, Volume 88 Issue 28 (Friday, February 10, 2023)</title>
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[Federal Register Volume 88, Number 28 (Friday, February 10, 2023)]
[Notices]
[Pages 8822-8823]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-02865]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2023-0014]
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
revision of the Office of Management and Budget's (OMB's) approval of
an existing information collection titled ``Terms of Credit Card Plans
Survey'' approved under OMB Number 3170-0001.
DATES: Written comments are encouraged and must be received on or
before March 13, 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 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#b7f4f1e7f5e8e7e5f6f7d4d1c7d599d0d8c1"><span class="__cf_email__" data-cfemail="571411071508070516173431273579303821">[email protected]</span></a>. If you require this
document in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#54171204160b1537373127273d363d383d202d14373224367a333b22"><span class="__cf_email__" data-cfemail="89cacfd9cbd6c8eaeaecfafae0ebe0e5e0fdf0c9eaeff9eba7eee6ff">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Terms of Credit Card Plans Survey.
OMB Control Number: 3170-0001.
Type of Review: Revision of a currently approved collection.
Affected Public: Private sector: businesses or other for-profits
institutions.
Estimated Number of Respondents: 665.
Estimated Total Annual Burden Hours: 564.
Abstract: The Bureau intakes different forms of credit card data
from credit card issuers, as required by the Truth in Lending Act
(TILA), 15 U.S.C. 1601 et seq., and implementing regulations:
[[Page 8823]]
<bullet> The ``Terms of Credit Card Plans Survey'' collects data on
credit card pricing and availability from a sample of at least 150
financial institutions that offer credit cards. The data enables the
Bureau to present information to the public on terms of credit card
plans;
<bullet> Sections 204 and 305 of the Credit Card Accountability
Responsibility and Disclosure Act of 2009 (CARD Act), amending TILA,
and 12 CFR 1026.57(d) and 1026.58, require card issuers to submit to
the Bureau:
[cir] Agreements between the issuer and a consumer under a credit
card account for an open-end consumer credit plan; and
[cir] Any college credit card agreements to which the issuer is a
party and certain additional information regarding those agreements.
The data collections enable the Bureau to provide Congress and the
public with a centralized and searchable repository for consumer and
college credit card agreements and information regarding the
arrangements between financial institutions and institutions of higher
education.
Request for Comments: The Bureau published a 60-day Federal
Register notice on August 18, 2022 (87 FR 50851) under Docket Number:
CFPB-2022-0048. 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. 2023-02865 Filed 2-9-23; 8:45 am]
BILLING CODE 4810-AM-P
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