[Federal Register Volume 85, Number 193 (Monday, October 5, 2020)]
[Notices]
[Page 62715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21922]



[[Page 62715]]

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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2020-0032]


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 requesting a 
new information collection titled, ``Start Small, Save Up Workforce 
Questionnaire.''

DATES: Written comments are encouraged and must be received on or 
before November 4, 2020 to be assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. 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: Start Small, Save Up 
Workforce Questionnaire.
    OMB Control Number: 3170-XXXX.
    Type of Review: Request for a new OMB Control Number.
    Affected Public: Individuals and households.
    Estimated Number of Respondents: 2,000.
    Estimated Total Annual Burden Hours: 1,000.
    Abstract: This short questionnaire evaluates the respondent's 
current savings habits, behaviors, and attitudes. It evaluates the 
respondent's level of financial well-being, a subjective state wherein 
a person has a sense of financial security and financial freedom of 
choices, in the present and for the future. The questionnaire will give 
the Bureau an efficient way to measure the effectiveness of financial 
education and other efforts in increasing consumers' liquid savings and 
financial well-being. Information will be gathered from those in the 
Bureau workforce. The questionnaire may also be made available for use 
by other Federal agencies for similar studies related to financial 
well-being and savings practices.
    The questionnaire asks about the respondent's recent experiences 
with unexpected financial shocks, the respondent's savings cushion 
available for emergencies, the respondent's savings behavior and 
savings vehicles. It includes the five-question version of the Bureau's 
Financial Well-Being Scale.
    The Bureau can use the information collected to connect savings and 
financial well-being, and to inform future development of employer-
sponsored financial education materials and programs.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on June 3, 2020, 85 FR 34183, Docket Number: CFPB-2020-0016. No 
Comments were received. 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: September 29, 2020.
Darrin King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2020-21922 Filed 10-2-20; 8:45 am]
BILLING CODE 4810-AM-P