Notice2023-06751
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 31, 2023
Issuing agencies
Consumer Financial Protection Bureau
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is publishing this notice seeking comment on a Generic Information Collection titled "Loan Judgment Bias Experiment" prior to requesting the Office of Management and Budget's (OMB's) approval of this collection under the Generic Information Collection "Generic Information Collection Plan for Studies of Consumers Using Controlled Trials in Field and Economic Laboratory Settings" under OMB Control Number 3170-0048.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 62 (Friday, March 31, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 62 (Friday, March 31, 2023)]
[Notices]
[Pages 19270-19271]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-06751]
=======================================================================
-----------------------------------------------------------------------
CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2023-0008]
Agency Information Collection Activities: Comment Request
AGENCY: Consumer Financial Protection Bureau.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
the Consumer Financial Protection Bureau (CFPB or Bureau) is
[[Page 19271]]
publishing this notice seeking comment on a Generic Information
Collection titled ``Loan Judgment Bias Experiment'' prior to requesting
the Office of Management and Budget's (OMB's) approval of this
collection under the Generic Information Collection ``Generic
Information Collection Plan for Studies of Consumers Using Controlled
Trials in Field and Economic Laboratory Settings'' under OMB Control
Number 3170-0048.
DATES: Written comments are encouraged and must be received on or
before May 1, 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#bdedeffce2fed2d0d0d8d3c9cefddedbcddf93dad2cb"><span class="__cf_email__" data-cfemail="de8e8c9f819db1b3b3bbb0aaad9ebdb8aebcf0b9b1a8">[email protected]</span></a>. Include Docket No. CFPB-
2023-0008 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: 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#f8bbbea8baa7a8aab9b89b9e889ad69f978e"><span class="__cf_email__" data-cfemail="6c2f2a3c2e333c3e2d2c0f0a1c0e420b031a">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#a4e7e2f4e6fbe5c7c7c1d7d7cdc6cdc8cdd0dde4c7c2d4c68ac3cbd2"><span class="__cf_email__" data-cfemail="02414452405d4361616771716b606b6e6b767b42616472602c656d74">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Loan Judgment Bias Experiment.
OMB Control Number: 3170-0048.
Type of Review: Request for approval of a generic information
collection under an existing Generic Information Collection Plan.
Affected Public: Individuals.
Estimated Number of Respondents: 3,600.
Estimated Total Annual Burden Hours: 1,800.
Abstract: The proposed research examines whether information about
borrower race biases judgments of creditworthiness in the context of a
specific financial product: mortgage loan applications. We will ask
non-practitioner research participants to evaluate stylized loan
applications for Black, Hispanic, Asian, and White non-Hispanic
consumers, where information about applicant race is the only
characteristic that varies. We will also ask whether any impact of race
information depends on the mode of information provision (e.g.,
explicit race/ethnicity information vs. implicit from borrower name or
other indirect signal). A maximum of 3,600 participants will be
recruited from the panel maintained by CloudResearch to complete the
Loan Judgment Bias Experiment. The Bureau will collect information on
judgments about the riskiness of hypothetical applications with varying
characteristics and information related to the task including an
assessment of the respondent's experience completing the task. The
Bureau will not receive any personal identifiable information (PII).
Request for Comments: 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
submitted to 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. 2023-06751 Filed 3-30-23; 8:45 am]
BILLING CODE 4810-AM-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on March 31, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.