[Federal Register Volume 86, Number 36 (Thursday, February 25, 2021)]
[Notices]
[Pages 11562-11563]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03914]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will be 
submitting the following information collection request to the Office 
of Management and Budget (OMB) for review and clearance in accordance 
with the Paperwork Reduction Act of 1995 on or after the date of 
publication of this notice.

DATES: Comments should be received on or before March 29, 2021 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.

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0165.
    Title: Fair Credit Reporting (FCRA).
    Abstract: The Fair Credit Reporting Act (FCRA) (15 U.S.C. 1681 et 
seq.) sets standards for the collection, communication, and use of 
information bearing on a consumer's creditworthiness, credit standing, 
credit capacity, character, general reputation, personal 
characteristics, or mode of living. FCRA has been revised numerous 
times since it took effect, notably by passage of the Consumer Credit 
Reporting Reform Act of 1996, the Gramm-Leach-Bliley Act of 1999, and 
the Fair and Accurate Credit Transactions Act of 2003.
    The Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) 
amended a number of consumer financial protection laws, including most 
provisions of FCRA. In addition to substantive amendments, the DFA 
transferred rulemaking authority for most provisions of FCRA to the 
Consumer Financial Protection Bureau (CFPB). Pursuant to the DFA and 
FCRA, as amended, CFPB promulgated

[[Page 11563]]

Regulation V, 12 CFR 1022, to implement those provisions of FCRA for 
which CFPB has rulemaking authority. Regulation V contains several 
requirements that impose information collection requirements on federal 
credit unions (FCUs).
    The DFA did not transfer certain rulemaking authority under FCRA. 
Specifically, the DFA did not transfer to CFPB the authority to 
promulgate the requirement to properly dispose of consumer information; 
rules on identity theft red flags and corresponding interagency 
guidelines on identity theft detection, prevention, and mitigation, and 
rules on the duties of card issuers regarding changes of address. These 
provisions are promulgated in NCUA's Fair Credit Reporting regulation, 
12 CFR 717, which applies to federal credit unions.
    The collection of information pursuant to Parts 1022 and 717 is 
triggered by specific events and disclosures and must be provided to 
consumers within the time periods established under the regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions; 
Individuals or Households.
    Estimated Total Annual Burden Hours: 272,686.
    By Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on February 22, 2021.

    Dated: February 22, 2021.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2021-03914 Filed 2-24-21; 8:45 am]
BILLING CODE 7535-01-P