Notice2024-25044
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
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 29, 2024
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Recordkeeping and Disclosure Requirements Associated with Consumer Financial Protection Bureau's (CFPB's) Regulation B (FR B; OMB No. 7100-0201).
Full Text
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<title>Federal Register, Volume 89 Issue 209 (Tuesday, October 29, 2024)</title>
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[Federal Register Volume 89, Number 209 (Tuesday, October 29, 2024)]
[Notices]
[Page 85974]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-25044]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, without revision, the
Recordkeeping and Disclosure Requirements Associated with Consumer
Financial Protection Bureau's (CFPB's) Regulation B (FR B; OMB No.
7100-0201).
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, <a href="/cdn-cgi/l/email-protection#a0ced5c8c18ec5cccdc1c7c8d2c1c2c9e0c6d2c28ec7cfd6"><span class="__cf_email__" data-cfemail="432d362b226d262f2e22242b3122212a032531216d242c35">[email protected]</span></a>, (202)
452-3884.
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. The OMB inventory, as well as copies of the
PRA Submission, supporting statements (which contain more detailed
information about the information collections and burden estimates than
this notice), and approved collection of information instrument(s) are
available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents
are also available on the Federal Reserve Board's public website at
<a href="https://www.federalreserve.gov/apps/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a> or may
be requested from the agency clearance officer, whose name appears
above. On the page displayed at the link above, you can find the
supporting information by referencing the collection identifier, FR B.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Collection title: Recordkeeping and Disclosure Requirements
Associated with CFPB's Regulation B.
Collection identifier: FR B.
OMB control number: 7100-0201.
General description of collection: The Equal Credit Opportunity Act
(ECOA) was enacted in 1974 and is implemented by the CFPB's Regulation
B. The ECOA prohibits discrimination in any aspect of a credit
transaction because of race, color, religion, national origin, sex,
marital status, age, receipt of public assistance, or the fact that the
applicant has in good faith exercised any right under the Consumer
Credit Protection Act. To aid in implementation of this prohibition,
the statute and Regulation B subject creditors to various mandatory
disclosure requirements, notification provisions informing applicants
of action taken on credit applications, provision of appraisal reports
in connection with mortgages, credit history reporting, monitoring
rules, and recordkeeping requirements. The FR B is the Board's
information collection associated with the CFPB's Regulation B for
institutions the Board supervises.
Frequency: Event generated and annually.
Respondents: Except those that are supervised by the CFPB: state
member banks, their subsidiaries, subsidiaries of bank holding
companies, subsidiaries of savings and loan holding companies, U.S.
branches and agencies of foreign banks (other than federal branches,
federal agencies, and insured state branches of foreign banks),
commercial lending companies owned or controlled by foreign banks, and
organizations operating under section 25 or 25A of the Federal Reserve
Act (12 U.S.C. 601-604a; 611-631).
Total estimated number of respondents: 841.
Total estimated annual burden hours: 81,346.
Current actions: On July 1, 2024, the Board published a notice in
the Federal Register (89 FR 54463) requesting public comment for 60
days on the extension, without revision, of the FR B. The comment
period for this notice expired on August 30, 2024. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, October 23,
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-25044 Filed 10-28-24; 8:45 am]
BILLING CODE 6210-01-P
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