[Federal Register Volume 80, Number 88 (Thursday, May 7, 2015)]
[Notices]
[Page 26234]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-11014]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2015-0016]


Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is requesting to 
renew the approval for an existing information collection titled, 
``Gramm-Leach-Bliley Act (Regulation P) 12 CFR 1016.''

DATES: Written comments are encouraged and must be received on or 
before July 6, 2015 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 after the comment period will 
not be accepted. In general, all comments received will become public 
records, 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: Gramm-Leach-Bliley Act (Regulation P) 12 CFR 
1016.
    OMB Control Number: 3170-0010.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Businesses and other for-profit institutions.
    Estimated Number of Respondents: 29,544.
    Estimated Total Annual Burden Hours: 366,134
    Abstract: Section 502 of the Gramm-Leach-Bliley Act (GLBA) (Pub. L. 
106-102) generally prohibits a financial institution from sharing 
nonpublic personal information about a consumer with nonaffiliated 
third parties unless the institution satisfies various disclosure 
requirements (including provision of initial privacy notices, annual 
notices, notices of revisions to the institution's privacy policy, and 
opt-out notices) and the consumer has not elected to opt out of the 
information sharing. The CFPB promulgated Regulation P (12 CFR 1016) to 
implement the GLBA's notice requirements and restrictions on a 
financial institution's ability to disclose nonpublic personal 
information about consumers to nonaffiliated third parties.
    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: April 28, 2015.
Ashwin Vasan,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2015-11014 Filed 5-6-15; 8:45 am]
BILLING CODE 4810-AM-P