Notice2024-06407
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 26, 2024
Issuing agencies
Consumer Financial Protection Bureau
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) is requesting the revision of the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Making Ends Meet Survey" approved under OMB Control Number 3170-0080.
Full Text
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<title>Federal Register, Volume 89 Issue 59 (Tuesday, March 26, 2024)</title>
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[Federal Register Volume 89, Number 59 (Tuesday, March 26, 2024)]
[Notices]
[Pages 20950-20951]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-06407]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2024-0013]
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 (CFPB) is requesting the
revision of the Office of Management and Budget's (OMB's) approval for
an existing information collection titled ``Making Ends Meet Survey''
approved under OMB Control Number 3170-0080.
DATES: Written comments are encouraged and must be received on or
before May 28, 2024 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#2b7b796a74684446464e455f586b484d5b49054c445d"><span class="__cf_email__" data-cfemail="39696b78667a5654545c574d4a795a5f495b175e564f">[email protected]</span></a>. Include Docket No. CFPB-
2024-0013 in the subject line of the email.
<bullet> Mail/Hand Delivery/Courier: Comment Intake, Consumer
Financial
[[Page 20951]]
Protection Bureau (Attention: PRA Office), 1700 G Street NW,
Washington, DC 20552. Because paper mail in the Washington, DC area and
at the CFPB 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#dc9f9a8c9e838c8e9d9cbfbaacbef2bbb3aa"><span class="__cf_email__" data-cfemail="387b7e687a67686a79785b5e485a165f574e">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#22616472607d6341414751514b404b4e4b565b62414452400c454d54"><span class="__cf_email__" data-cfemail="88cbced8cad7c9ebebedfbfbe1eae1e4e1fcf1c8ebeef8eaa6efe7fe">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Making Ends Meet Survey.
OMB Control Number: 3170-0080.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 4,500.
Estimated Total Annual Burden Hours: 1,375.
Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection
Act charges the Consumer Financial Protection Bureau with researching,
analyzing, and reporting on topics relating to the CFPB's mission
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 CFPB
has successfully used surveys under its ``Making Ends Meet'' program.
The ``Making Ends Meet'' program has also used the CFPB's Consumer
Credit Information Panel (CCIP) as a frame to survey people about their
experiences in consumer credit markets. The CFPB seeks approval for two
yearly surveys under the ``Making Ends Meet'' program. These surveys
solicit information on the consumer's experience related to household
financial shocks, particularly shocks related to the economic effects
of the COVID-19 pandemic, how households respond to those shocks, and
the role of savings to help provide a financial buffer.
The first survey will be a follow-up to respondents from the CFPB's
2023 ``Making Ends Meet'' survey to better understand household
financial experiences dealing with medical debt as well as consumers'
interactions with various financial products. The second survey will go
to a new sample of consumers from the CCIP and will address several
topics of interest to the CFPB possibly including the impact of natural
disasters and other environmental events, credit shopping behavior,
additional follow-up regarding debt collection, and the assessment of
various fees throughout the financial services ecosystem.
Request for Comments: Comments are invited on: (a) Whether the
collection of information is necessary for the proper performance of
the functions of the CFPB, including whether the information will have
practical utility; (b) The accuracy of the CFPB'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 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. 2024-06407 Filed 3-25-24; 8:45 am]
BILLING CODE 4810-AM-P
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