[Federal Register Volume 85, Number 12 (Friday, January 17, 2020)]
[Notices]
[Pages 3036-3037]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00744]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2020-0008]
Agency Information Collection Activities: Comment Request
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice and request for comment.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
the Bureau of Consumer Financial Protection (Bureau) is publishing this
notice seeking comment on a Generic Information Collection titled,
``Small Business Compliance Cost Survey under the Generic Information
Collection Plan'' titled, ``Generic Information Collection Plan for
Information on Compliance Costs and Other Effects of Regulations''
prior to requesting Office of Management and Budget (OMB) approval of
this collection of information.
DATES: Written comments are encouraged and must be received on or
before February 18, 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:
Regulations.gov: Go to http://www.regulations.gov. Follow
the instructions for submitting comments.
Email: [email protected]. Include Docket No. CFPB-
2020-0008 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: Small Business Compliance Cost Survey.
OMB Control Number: 3170-0032.
Type of Review: Request for approval of a generic information
collection under an existing Generic Information Collection Plan.
Affected Public: Businesses and other for-profit institutions.
Estimated Number of Respondents: 120.
Estimated Total Annual Burden Hours: 60.
Abstract: Under section 1071 of the Dodd-Frank Wall Street Reform
and Consumer Protection Act, the Equal Credit Opportunity Act was
amended to require financial institutions, subject to a regulation to
be issued by the Bureau to compile, maintain, and report to the Bureau
certain information about applications for credit made by women-owned,
minority-owned, and small businesses. As part of the statutory
requirements of our rulemaking process, the Office of Research has
developed a cost of compliance survey in an effort to more accurately
measure the costs associated with rule implementation. More
specifically, the objective of this survey is to solicit, from
institutions offering small business credit products that could
potentially be covered by this rule, information about potential one-
time costs to prepare to collect and report data. This survey will not
cover potential on-going costs from actually collecting and reporting
data.
Request for Comments: The Bureau is publishing this notice and
soliciting comments 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,
[[Page 3037]]
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 submitted to OMB as part of its review of this request.
All comments will become a matter of public record.
Dated: January 14, 2020.
Darrin King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial
Protection.
[FR Doc. 2020-00744 Filed 1-16-20; 8:45 am]
BILLING CODE 4810-AM-P