[Federal Register Volume 85, Number 107 (Wednesday, June 3, 2020)]
[Notices]
[Page 34183]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11901]


=======================================================================
-----------------------------------------------------------------------

BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2020-0016]


Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Bureau of Consumer Financial Protection (Bureau) is requesting a 
new information collection titled, ``Start Small, Save Up Workforce 
Questionnaire.''

DATES: Written comments are encouraged and must be received on or 
before August 3, 2020 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:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No. CFPB-
2020-0016 in the subject line of the message.
     Mail/Hand Delivery/Courier: Comment Intake, Bureau of 
Consumer Financial Protection (Attention: PRA Office), 1700 G Street 
NW, Washington, DC 20552.
    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: Documentation prepared in support of 
this information collection request is available at 
www.regulations.gov. Requests for additional information should be 
directed to Darrin King, PRA Officer, at (202) 435-9575, or email: 
[email protected]. If you require this document in an alternative 
electronic format, please contact [email protected]. Please 
do not submit comments to these email boxes.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Start Small, Save Up Workforce Questionnaire.
    OMB Control Number: 3170-XXXX.
    Type of Review: Request for a new OMB Control Number.
    Affected Public: Individuals and households.
    Estimated Number of Respondents: 2,000.
    Estimated Total Annual Burden Hours: 1,000.
    Abstract: This short questionnaire evaluates the respondent's 
current savings habits, behaviors, and attitudes. It evaluates the 
respondent's level of financial well-being, a subjective state wherein 
a person has a sense of financial security and financial freedom of 
choices, in the present and for the future.
    The questionnaire gives the Bureau an efficient way to measure the 
effectiveness of financial education and other efforts in increasing 
consumers' liquid savings and financial well-being. Information will be 
gathered from those in the Bureau workforce, which includes Federal 
employees as well as contractors and other job statuses. The 
questionnaire may also be made available for use by other Federal 
agencies. The questionnaire asks about the respondent's recent 
experiences with unexpected financial shocks, the respondent's savings 
cushion available for emergencies, the respondent's savings behavior 
and savings vehicles. It includes the five-question version of the 
Bureau's Financial Well-Being Scale.
    The Bureau can use the information collected to connect savings and 
financial well-being, and to inform future development of employer-
sponsored financial education materials and programs.
    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 approval. All 
comments will become a matter of public record.

    Dated: May 28, 2020.
Darrin King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2020-11901 Filed 6-2-20; 8:45 am]
 BILLING CODE 4810-AM-P