[Federal Register Volume 77, Number 74 (Tuesday, April 17, 2012)]
[Notices]
[Page 22763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-9149]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Submission for OMB Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comments.

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SUMMARY: The Bureau of Consumer Financial Protection (Bureau), as part 
of its continuing effort to reduce paperwork and respondent burden, 
invites the general public and other Federal agencies to take this 
opportunity to comment on proposed and/or continuing information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments 
regarding the information collection requirements relating to the 
Financial Education Program that has been submitted to the Office of 
Management and Budget for review and approval. A copy of the submission 
may be obtained by contacting the agency contact listed below.

DATES: Written comments are encouraged and must be received on or 
before May 17, 2012 to be assured of consideration.

ADDRESSES: You may submit comments, identified by OMB number 3170-XXXX-
Financial Education Program, by any of the following methods:
     Agency Contact: Consumer Financial Protection Bureau 
(Attention: PRA Office), 1700 G Street NW., Washington, DC, 20552: 
(202) 435-7741: [email protected].
     OMB Reviewer: Shagufta Ahmed, Office of Management and 
Budget, New Executive Office Building, Room 10235, Washington, DC 
20503; (202) 395-7873.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Joseph Durbala, (202) 435-7893, at the Consumer 
Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office) 
1700 G Street, NW., Washington, DC 20552, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Financial Education Program.
    OMB Number: 3170-XXXX.
    Abstract: Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act, Public Law 111-203, the Bureau's Office of Financial 
Education (``OFE'') is responsible for developing and implementing a 
strategy to improve the financial literacy of consumers that includes 
measurable goals and initiatives, in consultation with the Financial 
Literacy and Education Commission, consistent with the National 
Strategy for Financial Literacy.
    The collection will focus on financial education program elements 
related to increasing household non-retirement savings and/or reducing 
financial distress.
    The CFPB expects to collect quantitative and qualitative data 
through in-person, telephone, or Internet based surveys. The 
information collected through quantitative and qualitative evaluation 
methods will increase OFE's understanding of what interventions can 
improve financial decision-making skills and outcomes for consumers.
    The core objective of the data collection is to measure the 
effectiveness of selected financial education programs. This data will 
provide useful information on evidence based practices improve 
financial education programs nationwide, leading to better financial 
decision-making outcomes for adult consumers.
    Type of Review: New collection.
    Affected Public: Individuals.
    Estimated Number of Responses: 10,000.
    Estimated Time per Respondent: 60 minutes.
    Estimated Total Annual Burden Hours: 8,000.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-9149 Filed 4-16-12; 8:45 am]
BILLING CODE 4810-AM-P