[Federal Register Volume 79, Number 187 (Friday, September 26, 2014)]
[Notices]
[Page 57892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-23017]



[[Page 57892]]

=======================================================================
-----------------------------------------------------------------------

BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2014-0023]


Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is proposing a new 
information collection titled, ``Owning a Home Evaluation Study.''

DATES: Written comments are encouraged and must be received on or 
before November 25, 2014 to be assured of consideration.

ADDRESSES: You may submit comments, identified by the title of the 
information collection, OMB Control Number (see below), and docket 
number (see above), by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Consumer Financial Protection Bureau (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552.
     Hand Delivery/Courier: Consumer Financial Protection 
Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 
20002.
    Please note that comments submitted by fax or email and those 
submitted after the comment period will not be accepted. In general, 
all comments received will be posted without change to regulations.gov, 
including any personal information provided. Sensitive personal 
information, such as account numbers or social security numbers, should 
not be included.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
this information collection request is available at 
www.regulations.gov. Requests for additional information should be 
directed to the Consumer Financial Protection Bureau, (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or 
email: [email protected]. Please do not submit comments to this mailbox.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Owning a Home Evaluation Study.
    OMB Control Number: 3170-XXXX.
    Type of Review: New Collection (Request for a new OMB control 
number).
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 47,500.
    Estimated Total Annual Burden Hours: 9,961.
    Abstract: The Dodd Frank Act directs the Bureau to develop a 
program of consumer education and engagement. As part of that program, 
the Bureau has developed a suite of online tools and resources to help 
consumers make better, more informed decisions about mortgages. 
Collectively, these tools and resources are known as the Owning a Home 
project.
    The purpose of this information collection is to evaluate and 
improve the Owning A Home project. The Bureau seeks to gain insights as 
to (1) whether and how the Owning a Home project impacts consumers; (2) 
which consumer segments or profiles benefit the most from the Owning a 
Home project; (3) the mechanisms by which the Owning a Home project 
impacts consumer behavior and attitudes; (4) general consumer behavior, 
attitudes, and approaches to obtaining a mortgage and mortgage 
shopping; (5) the validity of certain hypotheses underlying the 
development of the Owning a Home project.
    To answer these questions, the Bureau intends to conduct a field 
study of the Owning a Home project. We will recruit prospective 
homebuyers and assign them to one of two study groups: those exposed to 
the Owning a Home tools or resources (the treatment groups) and those 
not exposed to Owning a Home (the control group). We will survey both 
groups of homebuyers as they go through the process of shopping for and 
acquiring a mortgage, and we will track the treatment group's usage of 
the Owning a Home web tools and resources. We will then compare the two 
groups' attitudes, behaviors, and outcomes.
    Request For Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the Bureau, including whether the information will 
have practical utility; (b) The accuracy of the Bureau's estimate of 
the burden of the collection of information, including the validity of 
the methods 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. Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget (OMB) approval. All comments will become a matter 
of public record.

    Dated: September 15, 2014.
Ashwin Vasan,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2014-23017 Filed 9-25-14; 8:45 am]
BILLING CODE 4810-AM-P