[Federal Register Volume 85, Number 195 (Wednesday, October 7, 2020)]
[Notices]
[Page 63262]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22193]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2020-0031]


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 a new 
information collection, titled, ``Request for an Advisory Opinion.''

DATES: Written comments are encouraged and must be received on or 
before November 6, 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: Request for an Advisory Opinion.
    OMB Control Number: 3170-XXXX.
    Type of Review: New collection (Request for a new OMB Control 
Number).
    Affected Public: Businesses and other for-profit entities.
    Estimated Number of Respondents: 100.
    Estimated Total Annual Burden Hours: 6,000.
    Abstract: The Bureau is proposing to establish an Advisory Opinion 
(AO) Program. AOs issued under the program would be interpretive rules 
under the Administrative Procedure Act that respond to a specific 
request for clarity on an interpretive question regarding a Bureau-
administered regulation or statute. The Federal Register notice 
inviting public comment on the proposed program lays out the process 
for submitting a request by an AO. Under the program, parties would be 
able to request interpretive guidance, in the form of an AO, to resolve 
regulatory uncertainty. The Bureau would have discretion to decide 
which AOs to respond to. The Bureau intends to publish AOs as well as a 
description of the incoming request. The requests for an AO, and thus 
the information collection, may be submitted by persons, primarily 
business or other for-profit entities. The information collected will 
be used by the Bureau to determine whether to pursue the issuance of an 
AO responsive to the request.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on June 22, 2020, 85 FR 37394, Docket Number: CFPB-2020-0019. 
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: October 2, 2020.
Suzan Muslu,
Data Governance Manager, Bureau of Consumer Financial Protection.
[FR Doc. 2020-22193 Filed 10-6-20; 8:45 am]
BILLING CODE 4810-AM-P