Notice2024-22491
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
October 1, 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 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 Number 3170-0080.
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 190 (Tuesday, October 1, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 190 (Tuesday, October 1, 2024)]
[Notices]
[Pages 79900-79901]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-22491]
=======================================================================
-----------------------------------------------------------------------
CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2024-0049]
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) requests 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 Number 3170-0080.
DATES: Written comments are encouraged and must be received on or
before October 31, 2024 to be assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. 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, Paperwork Reduction Act Officer, at
(202) 435-7278, or email: <a href="/cdn-cgi/l/email-protection#50131600120f00021110333620327e373f26"><span class="__cf_email__" data-cfemail="50131600120f00021110333620327e373f26">[email protected]</span></a>. If you require this
document in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#afece9ffedf0eecccccadcdcc6cdc6c3c6dbd6efccc9dfcd81c8c0d9"><span class="__cf_email__" data-cfemail="62212432203d2301010711110b000b0e0b161b22010412004c050d14">[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: 5,500.
Estimated Total Annual Burden Hours: 2,060.
Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection
Act charges the CFPB with researching, analyzing, and reporting on
topics relating to the Bureau'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
2024 ``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: The CFPB published a 60-day Federal Register
notice on March 26, 2024 (89 FR 20950) under Docket Number: CFPB-2024-
0013. The CFPB is publishing this notice and soliciting comments on:
(a) Whether the collection of information is
[[Page 79901]]
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
reviewed by 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. 2024-22491 Filed 9-30-24; 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 October 1, 2024.
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.