Notice2025-01142
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
January 17, 2025
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) approval of an information collection titled "Auto Loan Survey."
Full Text
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<title>Federal Register, Volume 90 Issue 11 (Friday, January 17, 2025)</title>
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[Federal Register Volume 90, Number 11 (Friday, January 17, 2025)]
[Notices]
[Pages 5830-5831]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-01142]
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CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2025-0006]
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) approval of an information collection
titled ``Auto Loan Survey.''
DATES: Written comments are encouraged and must be received on or
before March 18, 2025 to be assured of consideration.
[[Page 5831]]
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#eeada8beacb1bebcafae8d889e8cc0898198"><span class="__cf_email__" data-cfemail="95d6d3c5d7cac5c7d4d5f6f3e5f7bbf2fae3">[email protected]</span></a>. Include Docket No. CFPB-2025-
0006 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 (304) 481-5511, or
email: <a href="/cdn-cgi/l/email-protection#d0939680928f80829190b3b6a0b2feb7bfa6"><span class="__cf_email__" data-cfemail="da999c8a98858a889b9ab9bcaab8f4bdb5ac">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#71323721332e3012121402021813181d18050831121701135f161e07"><span class="__cf_email__" data-cfemail="c88b8e988a9789ababadbbbba1aaa1a4a1bcb188abaeb8aae6afa7be">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Auto Loan Survey.
OMB Control Number: 3170-00XX.
Type of Review: New information collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 5,060.
Estimated Total Annual Burden Hours: 1,670.
Abstract: Under the Dodd-Frank Wall Street Reform and Consumer
Protection Act, the Consumer Financial Protection Bureau (CFPB) is
charged 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 credit record data as
a sampling frame to survey people about their experiences in consumer
credit markets.
The CFPB seeks approval for a new survey of auto loan borrowers.
The survey will use the CFPB's Consumer Credit Information Panel (CCIP)
as the sampling frame. This survey will solicit information on the
consumer's experience related to auto purchases and loans including
choosing a vehicle and financing, experiences with major vehicle
expenses, experiences with loan servicing, and, if applicable, loan
modification and repossession. This survey will augment the auto
finance data pilot and linked CCIP data by providing information not
available in either source such as consumer demographics, household
income and assets, income or expense shocks, understanding of the auto
financing market, expectations, and self-reported experiences with
auto-loan origination and servicing. The survey will follow similar
methods as in the CFPB's prior Making Ends Meet Survey (approved under
OMB Control Number 3170-0066) and Student Loan Survey (approved under
OMB Control Number 3170-0078) but sample a different population of
borrowers and focus primarily on auto loans. The CFPB expects to
recruit about 23,000 participants to participate in the survey.
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. 2025-01142 Filed 1-16-25; 8:45 am]
BILLING CODE 4810-AM-P
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