Notice2025-03791
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 10, 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) extension of the existing information collection titled "Electronic Fund Transfer Act (Regulation E)" approved under OMB Control Number 3170-0014.
Full Text
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<title>Federal Register, Volume 90 Issue 45 (Monday, March 10, 2025)</title>
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[Federal Register Volume 90, Number 45 (Monday, March 10, 2025)]
[Notices]
[Pages 11600-11601]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03791]
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CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2025-0009]
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 ``Electronic Fund Transfer Act (Regulation E)''
approved under OMB Control Number 3170-0014.
[[Page 11601]]
DATES: Written comments are encouraged and must be received on or
before May 9, 2025 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#3f6f6d7e607c5052525a514b4c7f5c594f5d11585049"><span class="__cf_email__" data-cfemail="277775667864484a4a42495354674441574509404851">[email protected]</span></a>. Include Docket No. CFPB-
2025-0009 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#99dadfc9dbc6c9cbd8d9faffe9fbb7fef6ef"><span class="__cf_email__" data-cfemail="6f2c293f2d303f3d2e2f0c091f0d41080019">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#e5a6a3b5a7baa486868096968c878c898c919ca586839587cb828a93"><span class="__cf_email__" data-cfemail="04474254465b4567676177776d666d686d707d44676274662a636b72">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Electronic Fund Transfer Act (Regulation E).
OMB Control Number: 3170-0014.
Type of Review: Extension of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Estimated Number of Respondents: 600,000.
Estimated Total Annual Burden Hours: 3,361,056.
Abstract: The Electronic Fund Transfer Act (EFTA), 15 U.S.C. 1693
et seq., requires accurate disclosure of the costs, terms, and rights
relating to electronic fund transfer (EFT) services and remittance
transfer services to consumers. Entities offering EFT services must
provide consumers with full and accurate information regarding
consumers' rights and responsibilities in connection with EFT services.
These disclosures are intended to protect the rights of consumers using
EFT services, such as automated teller machine (ATM) transfers,
telephone bill-payment services, point-of-sale transfers at retail
establishments, electronic check conversions, payroll cards, and
preauthorized transfers from or to a consumer's account. EFTA also
establishes error resolution procedures and limits consumer liability
for unauthorized transfers in connection with EFT services. EFTA and
Regulation E impose disclosure and other requirements on issuers and
sellers of gift cards, gift certificates, and general-use prepaid
cards. Further, EFTA and Regulation E provide protections for consumers
in the United States who send remittance transfers to persons in a
foreign country. It also provides comprehensive protections for
consumers who use ``prepaid accounts.'' Tailored provisions governing
disclosures, limited liability, error resolution, and periodic
statements added new requirements regarding the posting of account
agreements. Additionally, Regulations E regulates overdraft credit
features offered in connection with prepaid accounts.
Request for Comments: Comments are invited on: (a) Whether the
collection of information is necessary for the proper performance of
the functions of the Bureau, including whether the information will
have practical utility; (b) The accuracy of the Bureau'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. 2025-03791 Filed 3-7-25; 8:45 am]
BILLING CODE 4810-AM-P
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