Notice2023-08822
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
April 27, 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) is requesting the Office of Management and Budget's (OMB's) approval for a new information collection titled ``Student Loan Survey.''
Full Text
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<title>Federal Register, Volume 88 Issue 81 (Thursday, April 27, 2023)</title>
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[Federal Register Volume 88, Number 81 (Thursday, April 27, 2023)]
[Notices]
[Pages 25624-25625]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08822]
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CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2023-0031]
Agency Information Collection Activities: Comment Request
AGENCY: Consumer Financial Protection Bureau.
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) is requesting
the Office of Management and Budget's (OMB's) approval for a new
information collection titled ``Student Loan Survey.''
DATES: Written comments are encouraged and must be received on or
before June 26, 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="http://www.regulations.gov">http://www.regulations.gov</a>.
Follow the instructions for submitting comments.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#1a4a485b45597577777f746e695a797c6a78347d756c"><span class="__cf_email__" data-cfemail="f9a9abb8a6ba9694949c978d8ab99a9f899bd79e968f">[email protected]</span></a>. Include Docket No. CFPB-
2023-0031 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#397a7f697b66696b78795a5f495b175e564f"><span class="__cf_email__" data-cfemail="a2e1e4f2e0fdf2f0e3e2c1c4d2c08cc5cdd4">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#3d7e7b6d7f627c5e5e584e4e545f54515449447d5e5b4d5f135a524b"><span class="__cf_email__" data-cfemail="cf8c899f8d908eacacaabcbca6ada6a3a6bbb68faca9bfade1a8a0b9">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Student Loan Survey.
OMB Control Number: 3170-00XX.
Type of Review: New information collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 3,750.
Estimated Total Annual Burden Hours: 1,238.
Abstract: Under the Dodd-Frank Wall Street Reform and Consumer
Protection Act, the Bureau is charged with researching, analyzing, and
reporting on topics including consumer behavior, consumer awareness,
and developments in markets for consumer financial products and
services. To improve its understanding of how consumers engage with
financial markets, the Bureau has successfully used credit record data
as a sampling frame to survey people about their experiences in
consumer credit markets.
The Bureau now seeks to obtain approval for a new survey of student
loan borrowers to understand their borrowing decisions, their
experience managing their loans, and their expectations for the future.
The survey will be sent to a random sample selected from individuals in
the Bureau's new Consumer Credit Information Panel (CCIP) which is
itself a sample of de-identified credit records from one of the
nationwide consumer reporting agencies. The survey responses will be
matched to the Bureau's CCIP data to provide a more complete picture of
borrowers' financial standings. The survey will follow similar methods
as in the Bureau's prior Making Ends Meet Survey (approved under OMB
Control Number 3170-0066) and Consumer Views on Debt Survey (approved
under OMB Control Number 3170-0047) but sample a different population
of borrowers and focus primarily on student loans. The Bureau expects
to recruit about 15,000 participants to participate in the survey. The
Bureau will collect demographics, measures of financial well-being,
consumers' feelings about their financial well-being, experiences with
the student loan system, and behavioral measures related to seeking out
financial information or willingness to take financial-related actions.
Request for Comments: Comments are invited 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
[[Page 25625]]
or other forms of information technology. Comments submitted in
response to this notice will be summarized and/or included in the
request for OMB's approval. All comments will become a matter of public
record.
Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2023-08822 Filed 4-26-23; 8:45 am]
BILLING CODE 4810-AM-P
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