[Federal Register Volume 84, Number 62 (Monday, April 1, 2019)]
[Notices]
[Pages 12234-12235]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06172]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Agency Information Collection Activities: Notice of Office of 
Management and Budget Approval of Information Collection Requirements

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice of approval of information collection requirements.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is announcing Office 
of Management and Budget (OMB) approval of new and revised information 
collection requirements contained in a final rule published in the 
Federal Register on November 22, 2016, as amended on April 25, 2017 and 
February 13, 2018, regarding prepaid accounts under Regulations E and 
Z. See the SUPPLEMENTARY INFORMATION section below for additional 
information about each OMB approval.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
these information collection requests is available at www.reginfo.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: Under the PRA (44 U.S.C. 3501 et seq.) the 
Bureau may not conduct or sponsor, and, notwithstanding any other 
provision of law, a respondent is not required to respond to, an 
information collection unless it displays a currently valid OMB control 
number. On October 5, 2016, the Bureau issued a final rule titled 
``Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation 
E) and the Truth In Lending Act (Regulation Z)'' (2016 Final Rule).\1\ 
The Bureau subsequently amended the 2016 Final Rule twice, in 2017 and 
2018.\2\ The 2016 Final Rule, as subsequently amended, is referred to 
herein as the Prepaid Accounts Rule. Pursuant to 5 CFR 1320.11(h), the 
Bureau submitted the 2016 Final Rule with information collection 
requests (ICRs) to OMB on the date the 2016 Final Rule was published

[[Page 12235]]

in the Federal Register.\3\ The Bureau hereby announces OMB approval of 
the information collection requirements contained in the Prepaid 
Accounts Rule and the respective OMB control numbers currently assigned 
to each of the information collection requirements.
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    \1\ 81 FR 83934 (Nov. 22, 2016).
    \2\ See 82 FR 18975 (Apr. 25, 2017) and 83 FR 6364 (Feb. 13, 
2018). These amendments, among other things, extended the effective 
date of the Prepaid Accounts Rule to April 1, 2019.
    \3\ On March 6, 2019, the Bureau published a notification in the 
Federal Register titled ``Technical Specifications for Submissions 
to the Prepaid Account Agreements Database.'' 84 FR 7979 (Mar. 6, 
2019) (Technical Specifications). The Technical Specifications 
relate to a provision in 12 CFR 1005.19, added to Regulation E by 
the Prepaid Accounts Rule, which requires a prepaid account issuer 
to make submissions of its currently-offered prepaid account 
agreements on a rolling basis, in the form and manner specified by 
the Bureau. While the Technical Specifications do not introduce any 
new or revised collections of information beyond what is already 
contemplated by the Prepaid Accounts Rule, for purposes of the PRA, 
OMB considers them as instructions for an information collection 
and, as such, have been included in OMB's docket for OMB number 
3170-0014.
    \4\ The Bureau divided certain proposals to amend the Bureau's 
Regulation Z into separate ICRs in the OMB system (accessible at 
www.reginfo.gov) to ease the public's ability to view and understand 
the individual proposals. The Bureau anticipates that it will 
combine OMB Number 3170-0050 into the existing control number for 
Regulation Z (OMB Number 3170-0015). Bureau respondents should 
continue to use the 3170-0015 control number for Regulation Z.

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                                            OMB control    Date approved
           Title of collection                number          by OMB
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Electronic Fund Transfer Act (Regulation       3170-0014       3/22/2019
 E) 12 CFR 1005.........................
Truth in Lending Act (Regulation Z) 12         3170-0050       3/22/2019
 CFR 1026 Pre-Paid Card Regulation \4\..
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    Dated: March 26, 2019.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2019-06172 Filed 3-29-19; 8:45 am]
 BILLING CODE 4810-AM-P