[Federal Register Volume 77, Number 74 (Tuesday, April 17, 2012)]
[Notices]
[Pages 22764-22765]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-9151]


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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 Truth 
in Savings regulations that have 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 3170-0004, 
by any of the following methods:
     Agency Contact: Consumer Financial Protection Bureau 
(Attention: PRA Office), 1700 G Street NW.,

[[Page 22765]]

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: Truth in Savings (Regulation DD) 12 CFR 1030.
    OMB Number: 3170-0004.
    Abstract: Federal agencies use the records to ascertain whether 
accurate and complete disclosures of depository accounts have been 
provided to consumers. This information also provides the primary 
evidence of law violations in Truth in Savings (TISA) enforcement 
actions brought by the CFPB and other agencies. Without the Regulation 
DD recordkeeping requirement, the agencies' abilities to enforce TISA 
would be significantly impaired. Consumers rely on the disclosures 
required by TISA and Regulation DD to facilitate informed decision 
making regarding deposit accounts offered at depository institutions. 
Without this information, consumers would be severely hindered in their 
ability to assess the true costs and terms of the deposit accounts 
offered. These disclosures and provisions are necessary for the 
enforcement agencies to enforce TISA and Regulation DD.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for profits.
    Estimated Number of Responses: 378,960.
    Estimated Time per Response: 4 minutes.
    Estimated Total Annual Burden Hours: 23,000.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-9151 Filed 4-16-12; 8:45 am]
BILLING CODE 4810-AM-P