[Federal Register Volume 77, Number 83 (Monday, April 30, 2012)]
[Notices]
[Page 25441]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-10284]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Proposed Collection; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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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. 3506(c)(2)(A)). Currently, the Bureau is 
soliciting comments concerning the information collection efforts 
relating to streamlining inherited regulations.

DATES: Written comments should be received on or before June 29, 2012 
to be assured of consideration.

ADDRESSES: You may submit comments by any of the following methods:
     Electronic: [email protected].
     Mail/Hand Delivery/Courier: Direct all written comments to 
Consumer Financial Protection Bureau, (Attention: PRA Office), 1700 G 
Street NW., Washington, DC 20552.
    Instructions: Comments will be available for public inspection and 
copying at 1700 G Street NW., Washington, DC 20552 on official business 
days between the hours of 10 a.m. and 5 p.m. Eastern Time. You can make 
an appointment to inspect comments by telephoning (202) 435-7275. All 
comments, including attachments and other supporting materials, will 
become part of the public record and subject to public disclosure. You 
should only submit information that you wish to make available 
publicly.

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

SUPPLEMENTARY INFORMATION:
    Title: Streamlining Inherited Regulations.
    OMB Number: 3170-0020.
    Form Number: N/A.
    Abstract: The purpose of this data collection is to help the Bureau 
identify priority areas for such streamlining. The Bureau's effort to 
identify and address such priorities is and will continue to be based 
in part on guidance provided by the Office of Management and Budget 
Memorandum for the Heads of Independent Regulatory Agencies, M-11-28, 
``Executive Order 13579, `Regulation and Independent Regulatory 
Agencies''' (July 22, 2011). That guidance discusses the importance of 
opportunities for public participation in the development of any 
retrospective analysis plan. Consistent with this guidance, the Bureau 
seeks to reach interested parties through two mechanisms. The first 
mechanism is a Federal Register notice. On December 5, 2011, a notice 
titled ``Streamlining Inherited Regulations'' was published in the 
Federal Register. The notice seeks comment in writing, or through the 
regulations.gov Web site. The data collection for which the Bureau now 
seeks approval would be the second mechanism. In order to reach 
respondents that might not be inclined to respond to the Federal 
Register notice, the Bureau seeks to collect input from interested 
parties through a specialized web tool on the CFPB Web site.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This form is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and Households.
    Estimated Number of Responses: 500.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 500.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number.
    Request for Comments: 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. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology 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.

    Dated: April 9, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-10284 Filed 4-27-12; 8:45 am]
BILLING CODE 4810-AM-P