[Federal Register Volume 84, Number 147 (Wednesday, July 31, 2019)]
[Notices]
[Page 37263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16239]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2019-0041]


Agency Information Collection Activities: Submission for OMB 
Review; 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 Bureau of Consumer Financial Protection (Bureau) is proposing to 
renew with changes the Office of Management and Budget (OMB) approval 
for an existing information collection, titled, Trial Disclosure 
Policy.

DATES: Written comments are encouraged and must be received on or 
before August 30, 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: Trail Disclosure Policy.
    OMB Control Number: 3170-0039.
    Type of Review: Extension with change of a currently approved 
collection.
    Affected Public: Business or other for profit institutions.
    Estimated Number of Respondents: 10.
    Estimated Total Annual Burden Hours: 100.
    Abstract: In subsection 1032(e) of the Dodd-Frank Act, 12 U.S.C. 
5532(e), Congress gave the Bureau authority to provide certain legal 
protections to companies to conduct trial disclosure programs. This 
authority can be used to help further the Bureau's statutory objective, 
stated in subsection 1021(b)(5) of the Act, to ``facilitate access and 
innovation'' in the ``markets for consumer financial products and 
services.'' More specifically, under section 1032(e), the Bureau may 
permit covered persons to conduct trial disclosure programs, limited in 
time and scope, for the purpose of providing trial disclosures designed 
to improve upon required disclosures. Such permission may include 
providing a legal safe harbor; i.e., the Bureau may deem a covered 
person conducting such a program to be in compliance with, or exempt 
from, a requirement of a rule or enumerated consumer law. Such trial 
disclosure programs must be subject to standards and procedures that 
are designed to encourage covered persons to conduct such programs. The 
requested information will provide a basis for assessing eligibility to 
conduct trial disclosure programs. The information will also serve to 
identify trial disclosure programs that carry the potential for 
developing and verifying disclosure improvements, while controlling for 
risks to consumers.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on May 13, 2019 (84 FR 20864), Docket Number: CFPB-2019-0026. 
Comments were solicited and continue to be 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 reviewed by OMB as part of its review of this request. 
All comments will become a matter of public record.

    Dated: July 25, 2019.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2019-16239 Filed 7-30-19; 8:45 am]
BILLING CODE 4810-AM-P