Notice2023-06451
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension
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 29, 2023
Issuing agencies
Federal Trade Commission
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Federal Trade Commission (FTC or Commission) is seeking public comment on its proposal to extend for an additional three years the Office of Management and Budget clearance for its shared enforcement authority with the Consumer Financial Protection Bureau (CFPB) for information collection requirements contained in the CFPB's Regulation O. The current clearance expires on March 31, 2023.
Full Text
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<title>Federal Register, Volume 88 Issue 60 (Wednesday, March 29, 2023)</title>
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[Federal Register Volume 88, Number 60 (Wednesday, March 29, 2023)]
[Notices]
[Pages 18547-18548]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-06451]
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FEDERAL TRADE COMMISSION
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension
AGENCY: Federal Trade Commission.
ACTION: Notice.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
the Federal Trade Commission (FTC or Commission) is seeking public
comment on its proposal to extend for an additional three years the
Office of Management and Budget clearance for its shared enforcement
authority with the Consumer Financial Protection Bureau (CFPB) for
information collection requirements contained in the CFPB's Regulation
O. The current clearance expires on March 31, 2023.
DATES: Comments must be filed by April 28, 2023.
ADDRESSES: Interested parties may file a comment online or on paper, by
following the instructions in the Request for Comment part of the
SUPPLEMENTARY INFORMATION section below. 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. The <a href="http://reginfo.gov">reginfo.gov</a> web link is a United States
Government website produced by the Office of Management and Budget
(OMB) and the General Services Administration (GSA). Under PRA
requirements, OMB's Office of Information and Regulatory Affairs (OIRA)
reviews Federal information collections.
FOR FURTHER INFORMATION CONTACT: Stephanie Rosenthal, Division of
Financial Practices, Bureau of Consumer Protection, Federal Trade
Commission, 600 Pennsylvania Ave. NW, Washington, DC 20580, (202) 326-
3332.
SUPPLEMENTARY INFORMATION:
Title: Regulation O, 12 CFR part 1015.
OMB Control Number: 3084-0157.
Type of Review: Extension of currently approved collection.
Estimated Number of Respondents: 118.
Estimated Annual Burden Hours: 354 (FTC share).
Estimated Annual Labor Cost: $12,195 (FTC share).
Abstract: The FTC and CFPB share enforcement authority for the
Mortgage Assistance Relief Services (Regulation O), 12 CFR part
1015.\1\ The rule includes disclosure requirements to assist purchasers
of mortgage assistance relief services in making well-informed
decisions and avoiding unfair or deceptive acts and practices. The
information that must be retained under Regulation O's recordkeeping
requirements is used by the CFPB and the FTC for enforcement purposes
and to ensure compliance by MARS providers with Regulation O. The
information is requested only on a case-by-case basis.
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\1\ Title X of the Dodd-Frank Wall Street Reform and Consumer
Protection Act (``Dodd-Frank Act''), Public Law 111-203, 124 Stat.
1376 (2010), transferred the Commission's rulemaking authority under
the mortgage provisions in section 626 of the 2009 Omnibus
Appropriations Act, as amended, to the CFPB. On December 16, 2011,
the CFPB republished the Mortgage Assistance Relief Services
(``MARS'') Rule as Regulation O (12 CFR pt. 1015). As a result, the
Commission subsequently rescinded its MARS Rule (16 CFR pt. 322).
Nonetheless, under the Dodd-Frank Act, the FTC retains its authority
to bring law enforcement actions to enforce Regulation O.
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Request for Comment
On January 9, 2023, the FTC sought public comment on the
information collection requirements associated with the Rule. 88 FR
1234. No germane comments were received. Pursuant to the OMB
regulations, 5 CFR part 1320, that implement the PRA, 44 U.S.C. 3501 et
seq., the FTC is providing this second opportunity for public comment
while seeking OMB approval to renew the pre-existing clearance for the
Rule.
Your comment--including your name and your state--will be placed on
the public record of this proceeding. Because your comment will be made
public, you are solely responsible for making sure that your comment
does not include any sensitive personal information, such as anyone's
Social Security number; date of birth; driver's license number or other
state identification number, or foreign country equivalent; passport
number; financial account number; or credit or debit card number. You
are also solely responsible for making sure that your comment does not
include any sensitive health information, such as medical records or
other individually identifiable health information. In addition, your
comment should not include any ``trade secret or any commercial or
financial information which . . . is privileged or confidential''--as
provided by Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule
4.10(a)(2), 16 CFR 4.10(a)(2)--including in particular competitively
sensitive information such as costs, sales statistics, inventories,
formulas,
[[Page 18548]]
patterns, devices, manufacturing processes, or customer names.
Josephine Liu,
Assistant General Counsel for Legal Counsel.
[FR Doc. 2023-06451 Filed 3-28-23; 8:45 am]
BILLING CODE 6750-01-P
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