[Federal Register Volume 84, Number 151 (Tuesday, August 6, 2019)]
[Notices]
[Pages 38247-38248]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16919]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2019-0043]


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 change the Office of Management and Budget (OMB) approval 
for an existing information collection titled, ``Policy On No-Action 
Letters and Compliance Assistance Sandbox Policy.''

DATES: Written comments are encouraged and must be received on or 
before September 5, 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: Policy on No-Action Letters and Compliance 
Assistance Sandbox Policy.
    OMB Control Number: 3170-0059.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Private Sector.
    Estimated Number of Respondents: 9.
    Estimated Total Annual Burden Hours: 1,200.
    Abstract: The Bureau is revising its initial 2016 Policy on No-
Action Letters (Policy). The revised Policy will govern the process for 
persons to apply for Bureau no-action letters for proposed conduct, 
subject to specified conditions and limitations. Issuance of no-action 
letters under the Policy will be discretionary on the part of the 
Bureau. The information will be collected from persons, primarily 
businesses or other for-profit entities, who apply for no-action 
letters from the Bureau. The information will be used by the Bureau to 
determine whether issuance of a no-action letter is warranted.
    The Bureau is also finalizing its Compliance Assistance Sandbox 
Policy (CASP). The CASP will govern the process for persons to apply 
for Bureau approvals, subject to specified conditions and limitations. 
Issuance of approvals will be discretionary on the part of the Bureau. 
The information will be collected from persons, primarily businesses or 
other for-profit entities, who apply for approvals from the Bureau. The 
information will be used by the Bureau to determine whether issuance of 
an approval is warranted.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on December 13, 2018, 83 FR 64036, Docket Number: CFPB-2018-
0042. 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

[[Page 38248]]

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: August 2, 2019.
Mary McLeod,
General Counsel, Bureau of Consumer Financial Protection.
[FR Doc. 2019-16919 Filed 8-2-19; 4:15 pm]
 BILLING CODE 4810-AM-P