[Federal Register Volume 75, Number 140 (Thursday, July 22, 2010)]
[Notices]
[Pages 42824-42825]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-18007]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Proposed Information 
Collection; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to comment on the renewal of an information collection, as 
required by the Paperwork Reduction Act of 1995. An agency may not 
conduct or sponsor, and a respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number. The OCC is soliciting 
comment concerning an information collection titled, ``Affiliate 
Marketing/Consumer Opt-Out Notices.''

DATES: Comments must be submitted on or before September 20, 2010.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-0230, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274, or by electronic mail to [email protected]. You may 
personally inspect and photocopy comments at the OCC, 250 E Street, 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and to submit to 
security screening in order to inspect and photocopy comments.
    Additionally, please send a copy of your comments to: OCC Desk 
Officer, [1557-0230], by mail to U.S. Office of Management and Budget, 
725 17th St., NW., 10235, Washington, DC 20503, or by fax to 
(202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You may request additional information 
or a copy of the collection and supporting documentation submitted to 
OMB by contacting: Mary H. Gottlieb, (202) 874-5090, Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, 250 E Street, SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Title: Fair Credit Reporting Affiliate 
Marketing.
    OMB Control No.: 1557-0230.
    Frequency of Response: On occasion.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 541,860.
    Total Annual Burden: 16,559 hours.
    Description: Twelve CFR part 41, subpart C generally prohibits a 
person from using certain information received from an affiliate to 
make a solicitation for marketing purposes to a consumer unless the 
consumer is given notice of that potential use and an opportunity and a 
reasonable simple method to opt out of such solicitations.
    Financial institutions will use the required notices to inform 
consumers about their rights under section 624 of Fair Credit Reporting 
Act and to comply with 12 CFR part 41, Subpart C. Consumers will use 
the notices to decide if they want to receive solicitations for 
marketing purposes or opt out. Financial institutions will use the 
consumers' opt out responses to determine the permissibility of using 
eligibility information obtained from an affiliate to make 
solicitations to the consumer. The responses will be used by financial 
institutions to comply with section 214 of the Fair and Accurate Credit 
Transactions Act of 2003 (FACT Act).\1\ We assume that the majority of 
banks will issue their affiliate marketing notices in a single notice 
with their annual privacy notice.
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    \1\ Public Law 108-159, 117 Stat. 1952.
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    Comments: Comments submitted in response to this notice will be 
summarized and included in the request for OMB approval. All comments 
will become a matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.


[[Page 42825]]


    Dated: July 19, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
[FR Doc. 2010-18007 Filed 7-21-10; 8:45 am]
BILLING CODE 4810-33-P