Notice2023-25110
Agency Information Collection Activities: Proposed Collection Renewal; 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
November 15, 2023
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0085; -0149 and -0194).
Full Text
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<title>Federal Register, Volume 88 Issue 219 (Wednesday, November 15, 2023)</title>
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[Federal Register Volume 88, Number 219 (Wednesday, November 15, 2023)]
[Notices]
[Pages 78359-78361]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-25110]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0085; -0149; -0194]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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[[Page 78360]]
SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the general public and other
Federal agencies to take this opportunity to comment on the renewal of
the existing information collections described below (OMB Control No.
3064-0085; -0149 and -0194).
DATES: Comments must be submitted on or before January 16, 2024.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
<bullet> Agency website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#a1c2ceccccc4cfd5d2e1c7c5c8c28fc6ced7"><span class="__cf_email__" data-cfemail="c4a7aba9a9a1aab0b784a2a0ada7eaa3abb2">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street NW building (located on F Street
NW), on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the relevant OMB control number. A
copy of the comments may also be submitted to the OMB desk officer for
the FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, <a href="/cdn-cgi/l/email-protection#7518161417100f143513111c165b121a03"><span class="__cf_email__" data-cfemail="bad7d9dbd8dfc0dbfadcded3d994ddd5cc">[email protected]</span></a>, MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
1. Title: Recordkeeping and Disclosure Requirements in Connection
with Regulation B (Equal Credit Opportunity).
OMB Number: 3064-0085.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0085]
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Estimated
Estimated average Estimated Estimated
Information collection Type of burden Obligation to number of annual total annual Estimated time per annual
description respond respondents frequency of responses response burden
responses (hours)
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Credit Reporting History Reporting........... Mandatory.......... 3,309 850 2,812,650 2 minutes......... 93,755
(1002.10).
Total Reporting Burden....... .................... ................... ............ ............ ............ .................. 93,755
Disclosure for Optional Self-Test Third-Party Voluntary.......... 972 2,500 2,430,000 1 minute.......... 40,500
(1002.5). Disclosure.
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Notifications (1002.9)........... Third-Party Mandatory.......... 3,309 1,715 5,674,935 2 minutes......... 189,165
Disclosure.
Appraisal Report Upon Request Third-Party Mandatory.......... 3,309 190 628,710 1 minute.......... 10,479
(1002.12(a)(1)). Disclosure.
Notice of Right to Appraisal Third-Party Mandatory.......... 3,309 1,650 5,459,850 1 minute.......... 90,998
(1002.14(a)(2)). Disclosure.
Total Third-Party Disclosure .................... ................... ............ ............ ............ .................. 331,142
Burden.
Record Retention (Applications, Recordkeeping....... Mandatory.......... 3,309 360 1,191,240 1 minute.......... 19,854
Actions, Pre-Screened
Solicitations)(1002.12).
Record Retention (Self- Recordkeeping....... Mandatory.......... 972 1 972 2 hours........... 1,944
Testing)(1002.12).
Record Retention (Self-Testing Recordkeeping....... Mandatory.......... 243 1 243 8 hours........... 1,944
Self-Correction) (1002.15).
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Total Recordkeeping Burden... .................... ................... ............ ............ ............ .................. 23,742
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Total Estimated Annual Burden: 448,639 hours.
General Description of Collection: Regulation B (12 CFR part 1002)
issued by the Consumer Financial Protection Bureau, prohibits creditors
from discriminating against applicants on any bases specified by the
Equal Credit Opportunity Act; imposes, reporting, record keeping and
disclosure requirements; establishes guidelines for gathering and
evaluating credit information; and requires creditors to give
applicants certain written notices. There is no change in the method or
substance of the collection.
2. Title: Affiliate Marketing/Consumer Opt-out Notices.
OMB Number: 3064-0149.
Forms: None.
Affected Public: Insured state nonmember banks and state savings
associations that have affiliates and consumers that have a
relationship with the foregoing.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0149]
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Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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Affiliate Marketing Third-Party 8 1 06:00 144
Disclosure--Implementation. Disclosure
(Mandatory). (Annual).
Consumer Opt Out Notices Third-Party 857,027 1 00:05 71,419
(Voluntary). Disclosure
(Annual).
Affiliate Marketing Third-Party 990 1 02:00 1,980
Disclosure--Ongoing Disclosure
(Mandatory). (Annual).
[[Page 78361]]
Total Annual Burden ................ .............. .............. .............. 73,543
(Hours):.
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Source: FDIC.
General Description of Collection: Section 214 of the FACT Act
requires financial institutions that wish to share information about
consumers with their affiliates, to inform such consumers that they
have the opportunity to opt out of such marketing solicitations. The
disclosure notices and consumer responses thereto comprise the elements
of this collection of information. There is no change in the method or
substance of the collection.
3. Title: Covered Financial Company Asset Purchaser Eligibility
Certification.
OMB Number: 3064-0194.
Forms: 7300/10.
Affected Public: Any individual or entity that is a potential
purchaser of assets from (1) the FDIC as receiver for a Covered
Financial Company (CFC); or (2) a bridge financial company (BFC) which
requires the approval of the FDIC, as receiver for the predecessor CFC
and as the sole shareholder of the BFC (e.g., the BFC's sale of a
significant business line).
Burden Estimate:
Summary of Estimated Annual Burden
[OMB. No. 3064-0194]
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Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) responses) respondents respondents (HH:MM) (hours)
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Covered Financial Company Reporting....... 66 1 02:30 165
Asset Sales Purchaser
Eligibility Certification.
Total Annual Burden ................ .............. .............. .............. 165
(Hours):.
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Source: FDIC.
General Description of Collection: The Covered Financial Company
(CFC) Asset Purchaser Eligibility implements the statutory requirement
that assets held by the FDIC in the course of liquidating any covered
financial company not be sold to persons who contributed in specified
ways to the demise of a covered financial company. The FDIC implemented
this requirement in its regulations at 12 CFR 380.13. Prospective
purchasers are required to complete and submit a Purchaser Eligibility
Certification (PEC) to the FDIC. The PEC is a self-certification by a
prospective purchaser that it does not fall into any of the categories
of individuals or entities that are prohibited by statute or regulation
from purchasing assets of a CFC. The PEC will be required of any
individual or entity that is a potential purchaser of assets from the
FDIC, whether in its corporate capacity or as a conservator or
receiver, for (1) a CFC; or (2) a Bridge Financial Company (BFC).
The FDIC is increasing the total burden associated with this
collection from 5 hours to 165 hours. The estimate for the number of
respondents has increased from 10 to 66. The responses per respondent
is unchanged from the 2021 submission. The estimate for hours per
response represents a 1.5-hour increase from the 2021 submission. This
increase is due to a change in calculation methodology.
Request for Comment
Comments are invited on: (a) Whether the collections of information
are necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collections,
including the validity of the methodology and 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 collections of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, November 8, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-25110 Filed 11-14-23; 8:45 am]
BILLING CODE P
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