[Federal Register Volume 77, Number 164 (Thursday, August 23, 2012)]
[Notices]
[Page 51025]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-20778]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (3064-0161)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, 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 the renewal of an 
existing information collection, as required by the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting 
comment on renewal of the information collection described below.

DATES: Comments must be submitted on or before October 22, 2012.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     Email: [email protected] Include the name of the 
collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.898.3877), Counsel, Room NYA-
5046, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently-approved collection of 
information:
    Title: Procedures to Enhance the Accuracy and Integrity of 
Information Furnished to Consumer Reporting Agencies (Insured State 
Nonmember Banks).
    OMB Number: 3064-0161.
    Affected Public: State nonmember banks.
    Estimated Number of Respondents: 4522.
    Number of frivolous or irrelevant dispute notices: 88,686.
    Estimated burden per respondent:
    24 hours to implement written policies and procedures and training 
associated with the written policies and procedures
    8 hours to amend procedures for handling complaints received 
directly from consumers
    8 hours to implement the new dispute notice requirement.
    Estimated burden per frivolous or irrelevant dispute notice: 14 
minutes.
    Estimated Total Annual Burden Hours: 201,573 hours.
    General Description of Collection: FDIC is required by section 312 
of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) to 
issue guidelines for use by furnishers regarding the accuracy and 
integrity of the information about consumers that they furnish to 
consumer reporting agencies and prescribe regulations requiring 
furnishers to establish reasonable policies and procedures for 
implementing the guidelines. Section 312 also requires the Agencies to 
issue regulations identifying the circumstances under which a furnisher 
must reinvestigate disputes about the accuracy of information contained 
in a consumer report based on a direct request from a consumer.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and 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 information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 20th day of August 2012.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2012-20778 Filed 8-22-12; 8:45 am]
BILLING CODE 6714-01-P