[Federal Register Volume 85, Number 115 (Monday, June 15, 2020)]
[Notices]
[Pages 36188-36189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12853]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2020-0017]


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 Bureau of Consumer Financial Protection (Bureau) is requesting to 
renew the Office of Management and Budget's (OMB's) approval for an 
existing information collection titled, ``Fair Credit Reporting Act 
(Regulation V).''

DATES: Written comments are encouraged and must be received on or 
before August 14, 2020 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:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No. CFPB-
2020-0017 in the subject line of the message.
     Mail/Hand Delivery/Courier: Consumer Financial Protection 
Bureau (Attention: PRA Office), 1700 G Street, NW, Washington, DC 
20552. Please note that due to circumstances associated with the COVID-
19 pandemic, the Bureau discourages the submission of comments by mail, 
hand delivery, or courier.
    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 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 this mailbox.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Fair Credit Reporting Act (Regulation V) 12 
CFR 1022.
    OMB Control Number: 3170-0002.
    Type of Review: Extension without change of a currently-approved 
collection.
    Affected Public: Business or other for profit.
    Estimated Number of Respondents: 779,073.
    Estimated Total Annual Burden Hours: 6,246,866.
    Abstract: The consumer disclosures included in Regulation V are 
designed to alert consumers that a financial institution furnished 
negative information about them to a consumer reporting agency, that 
they have a right to opt out of receiving marketing materials and 
credit or insurance offers, that their credit report was used in 
setting the material terms of credit that may be less favorable than 
the terms offered to consumers with better credit histories, that they 
maintain certain rights with respect to a theft of their identity that 
they reported to a consumer reporting agency, that they maintain rights 
with respect to knowing what is in their consumer reporting agency 
file, that they can request a free credit report, that they can report 
a theft of their identity to the Bureau, and that they maintain rights 
with respect to obtaining a security freeze. Consumers then can use the 
information provided to consider how and when to check and use their 
credit reports.
    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper

[[Page 36189]]

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 OMB approval. All comments will become a 
matter of public record.

    Dated: June 1, 2020.
Darrin King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2020-12853 Filed 6-12-20; 8:45 am]
BILLING CODE 4810-AM-P