Notice2023-05757
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
March 21, 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 extension of the Office of Management and Budget's (OMB's) approval of an existing information collection titled "Truth in Lending Act (Regulation Z)" approved under OMB Number 3170-0015.
Full Text
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<title>Federal Register, Volume 88 Issue 54 (Tuesday, March 21, 2023)</title>
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[Federal Register Volume 88, Number 54 (Tuesday, March 21, 2023)]
[Notices]
[Pages 16954-16955]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05757]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2023-0022]
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 Lending Act
(Regulation Z)'' approved under OMB Number 3170-0015.
DATES: Written comments are encouraged and must be received on or
before April 20, 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#eeada8beacb1bebcafae8d889e8cc0898198"><span class="__cf_email__" data-cfemail="81c2c7d1c3ded1d3c0c1e2e7f1e3afe6eef7">[email protected]</span></a>. If you require this
document in an alternative electronic format,
[[Page 16955]]
please contact <a href="/cdn-cgi/l/email-protection#c2818492809d83a1a1a7b1b1aba0abaeabb6bb82a1a4b2a0eca5adb4"><span class="__cf_email__" data-cfemail="edaeabbdafb2ac8e8e889e9e848f8481849994ad8e8b9d8fc38a829b">[email protected]</span></a>. Please do not submit
comments to these email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Truth in Lending Act (Regulation Z).
OMB Control Number: 3170-0015.
Type of Review: Extension without change of a currently approved
collection.
Affected Public: Private sector: businesses or other for-profits;
not-for-profits institutions.
Estimated Number of Respondents: 17,215.
Estimated Total Annual Burden Hours: 1,345,102.
Abstract: The Truth in Lending Act (TILA), 15 U.S.C. 1601 et seq.,
was enacted to foster comparison credit shopping and informed credit
decision making by requiring accurate disclosure of the costs and terms
of credit to consumers and to protect consumers against inaccurate and
unfair credit billing practices. Creditors are subject to disclosure
and other requirements that apply to open-end credit (e.g., revolving
credit or credit lines) and closed-end credit (e.g, installment
financing). TILA imposes disclosure requirements on all types of
creditors in connection with consumer credit, including mortgage
companies, finance companies, retailers, and credit card issuers, to
ensure that consumers are fully apprised of the terms of financing
prior to consummation of the transaction and, as applicable, during the
loan term.
Request for Comments: The Bureau published a 60-day Federal
Register notice on January 11, 2023 (88 FR 1566) under Docket Number:
CFPB-2023-0003. 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. 2023-05757 Filed 3-20-23; 8:45 am]
BILLING CODE 4810-AM-P
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