Notice2024-15824
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
July 18, 2024
Issuing agencies
Consumer Financial Protection Bureau
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the Office of Management and Budget's (OMB's) extension of the existing information collection titled "Consumer Leasing Act (Regulation M)" approved under OMB Control Number 3170-0006.
Full Text
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<title>Federal Register, Volume 89 Issue 138 (Thursday, July 18, 2024)</title>
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[Federal Register Volume 89, Number 138 (Thursday, July 18, 2024)]
[Notices]
[Page 58354]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15824]
[[Page 58354]]
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CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2024-0030]
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) requests the Office of
Management and Budget's (OMB's) extension of the existing information
collection titled ``Consumer Leasing Act (Regulation M)'' approved
under OMB Control Number 3170-0006.
DATES: Written comments are encouraged and must be received on or
before September 16, 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#5a0a081b05193537373f342e291a393c2a38743d352c"><span class="__cf_email__" data-cfemail="8ddddfccd2cee2e0e0e8e3f9fecdeeebfdefa3eae2fb">[email protected]</span></a>. Include Docket No. CFPB-
2024-0030 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 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#d2919482908d82809392b1b4a2b0fcb5bda4"><span class="__cf_email__" data-cfemail="6e2d283e2c313e3c2f2e0d081e0c40090118">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#e4a7a2b4a6bba587878197978d868d888d909da487829486ca838b92"><span class="__cf_email__" data-cfemail="b6f5f0e6f4e9f7d5d5d3c5c5dfd4dfdadfc2cff6d5d0c6d498d1d9c0">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Consumer Leasing Act (Regulation M).
OMB Control Number: 3170-0006.
Type of Review: Extension without change of a currently approved
collection.
Affected Public: Businesses and other for-profit entities.
Estimated Number of Respondents: 13,301.
Estimated Total Annual Burden Hours: 2,062.
Abstract: Consumers rely on the disclosures required by the
Consumer Leasing Act (CLA) \1\ and Regulation M \2\ for information to
comparison shop among leases as well as to ascertain the true costs and
terms of lease offers. Federal/State enforcement and private litigants
use the records to ascertain whether accurate and complete disclosures
of the cost of leases have been provided to consumers prior to
consummation of the lease. This information provides the primary
evidence of law violations in CLA enforcement actions brought by
Federal agencies. The agency's ability to enforce the CLA would be
significantly impaired without Regulation M's recordkeeping
requirements.
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\1\ 15 U.S.C. 1667 et seq.
\2\ 12 CFR 1013.
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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. 2024-15824 Filed 7-17-24; 8:45 am]
BILLING CODE 4810-AM-P
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