[Federal Register Volume 83, Number 245 (Friday, December 21, 2018)]
[Notices]
[Pages 65642-65643]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27738]


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

BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2018-0043]


Agency Information Collection Activities: Submission for OMB 
Review; 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 Bureau of Consumer Financial Protection (Bureau) is proposing to 
renew the Office of Management and Budget (OMB) 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 January 22, 2019 to be assured of consideration.

ADDRESSES: Comments in response to this notice are to be directed 
towards OMB and to the attention of the OMB Desk Officer for the Bureau 
of Consumer Financial Protection. 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.
     Email: [email protected].
     Fax: (202) 395-5806.
     Mail: Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.
    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.reginfo.gov 
(this link becomes active on the day following publication of this 
notice). Select ``Information Collection Review,'' under ``Currently 
under review, use the dropdown menu ``Select Agency'' and select 
``Consumer Financial Protection Bureau'' (recent submissions to OMB 
will be at the top of the list). The same documentation is also 
available at http://www.regulations.gov. Requests for additional 
information should be directed to Darrin King, PRA Officer, at (202) 
435-9575, or email: [email protected]. If you require this document in 
an alternative electronic format, please contact 
[email protected]. Please do not submit comments to these 
email boxes.

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 an existing information 
collection.
    Affected Public: Businesses and other for-profit entities.
    Estimated Number of Respondents: 462,760.
    Estimated Total Annual Burden Hours: 312,916.
    Abstract: Section 502 of the Gramm-Leach-Bliley Act (GLBA) (Public 
Law 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 Bureau 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. The Bureau 
is not proposing any new or revised collections of information pursuant 
to this request.
    Request For Comments: The Bureau issued a 60-day Federal Register 
notice on October 1, 2018, (83 FR 49370), Docket Number: CFPB-2018-
0027. Comments were solicited and continue to be invited on: (a) 
Whether the collection of information is necessary

[[Page 65643]]

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 
reviewed by OMB as part of its review of this request. All comments 
will become a matter of public record.

    Dated: December 18, 2018.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2018-27738 Filed 12-20-18; 8:45 am]
 BILLING CODE 4810-AM-P