[Federal Register Volume 87, Number 88 (Friday, May 6, 2022)]
[Notices]
[Pages 27135-27136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-09712]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0026]


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 Consumer Financial Protection Bureau (Bureau or CFPB) is requesting 
to establish the Office of Management and Budget's (OMB's) approval for 
an existing information collection, titled ``Section 1022 Monitoring 
Collections.''

DATES: Written comments are encouraged and must be received on or 
before July 5, 2022 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-
2022-0026 in the subject line of the email.
     Mail/Hand Delivery/Courier: Comment Intake, 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 Anthony May, PRA Officer, at (202) 435-7278, 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: Section 1022 Monitoring Collections.

[[Page 27136]]

    OMB Control Number: 3170-00XX.
    Type of Review: New information collection.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 50,000.
    Estimated Total Annual Burden Hours: 10,000.
    Abstract: Public Law 111-203, section 1022(c)(4)(B)(ii) authorizes 
the Director of the Bureau to ``require covered persons and service 
providers participating in consumer financial services markets to file 
with the Bureau, under oath or otherwise, in such form and within such 
reasonable period of time as the Bureau may prescribe by rule or order, 
annual or special reports, or answers in writing to specific questions, 
furnishing information described in paragraph (4), as necessary for the 
Bureau to fulfill the monitoring, assessment, and reporting 
responsibilities imposed by Congress.'' Further, section 1022(c)(5) 
authorizes the Director ``in order to assess whether a non-depository 
is a covered person, as defined in section 5481 of this title, the 
Bureau may require such non-depository to file with the Bureau, under 
oath or otherwise, in such form and within such reasonable period of 
time as the Bureau may prescribe by rule or order, annual or special 
reports, or answers in writing to specific questions.''
    Potential questions and other required types of information which 
persons could be required to provide will be approved for use under 
this information collection. Individual questions contained in this 
information collection may or may not be used at the Director's 
discretion.
    Request for Comments: Comments are 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 summarized and/or included in the request for OMB 
approval. All comments will become a matter of public record.

Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2022-09712 Filed 5-5-22; 8:45 am]
BILLING CODE 4810-AM-P