[Federal Register Volume 86, Number 78 (Monday, April 26, 2021)]
[Notices]
[Page 22036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08561]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2021-0010]


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 publishing this 
notice seeking comment on a Generic Information Collection titled 
``Experiment in Effective Consumer Financial Disclosures'' prior to 
requesting the Office of Management and Budget's (OMB's) approval of 
this collection under the Generic Information Collection Plan ``Generic 
Information Collection Plan for Studies of Consumers using Controlled 
Trials in Field and Economic Laboratory Settings'' OMB Control number 
3170-0048.

DATES: Written comments are encouraged and must be received on or 
before May 26, 2021 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-
2021-0010 in the subject line of the email.
     Mail/Hand Delivery/Courier: Comment intake, Bureau of 
Consumer Financial Protection (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 Suzan Muslu, Data Governance Program Manager, at (202) 435-
9267, 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: ``Experiment in Effective Consumer Financial 
Disclosures.''
    OMB Control Number: 3170-0048.
    Type of Review: Request for approval of a generic information 
collection under an existing Generic Information Collection Plan.
    Affected Public: Individuals.
    Estimated Number of Respondents: 315.
    Estimated Total Annual Burden Hours: 368.
    Abstract: We plan on collecting economic data for a paper using a 
lab experiment comparing two disclosure styles. We will collect data on 
the choices respondents make given these different disclosures in order 
to understand which disclosure helps respondents make better choices. 
There is a survey at the end asking participants about risk 
preferences, age, gender, income, family income, college major, and 
primary language. These responses will be used to better understand how 
each subgroup performs given each disclosure. Faculty members at 
Gettysburg College will run the experiment in their Experimental 
Economics Lab where students of the college will complete the 
experiment on laboratory computers.
    Request for Comments: The Bureau is publishing this notice and 
soliciting comments 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 
submitted to OMB as part of its review of this request. All comments 
will become a matter of public record.

    Dated: April 20, 2021.
Suzan Muslu,
Data Governance Program Manager, Bureau of Consumer Financial 
Protection.
[FR Doc. 2021-08561 Filed 4-23-21; 8:45 am]
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