[Federal Register Volume 87, Number 120 (Thursday, June 23, 2022)]
[Notices]
[Page 37504]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-13424]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0041]


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 publishing 
this notice seeking comment on a Generic Information Collection titled, 
``Sample Form Usability Research and Communication Testing,'' prior to 
requesting the Office of Management and Budget's (OMB's) approval of 
this collection under the Generic Information Collection ``Generic 
Information Collection Plan for the Development and Testing of 
Disclosures and Related Materials'' under OMB Control number 3170-0022.

DATES: Written comments are encouraged and must be received on or 
before July 25, 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: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No. CFPB-
2022-0041 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 Anthony May, Paperwork Reduction Act Officer, at (202) 841-
0544, 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: Sample Form Usability Research and 
Communication Testing.
    OMB Control Number: 3170-0022.
    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: 268.
    Estimated Total Annual Burden Hours: 153.
    Abstract: In connection with the rulemaking required to implement 
section 1071 of the Dodd-Frank Act, the CFPB will be developing a 
sample form for collecting the demographic data required for collection 
by the statute. This form is intended to show one example of a form 
that lenders, to facilitate their compliance with the statute, might 
provide to their small business customers. As contemplated by the 
statute, those small business customers will be able to choose the 
extent to which they complete the sample form or any other form 
presented to those customers by the lenders. The CFPB believes that the 
purposes of the statute will be furthered to the extent small business 
owners understand the purpose and nature of the statutorily-required 
demographic data collection.
    We intend to conduct qualitative research to learn more about 
potential concerns that small business owners may have about providing 
demographic data to lenders while applying for business credit, 
including audience research with small business owners to assess their 
knowledge and understanding of the upcoming 1071 rule, as well as 
concerns that may impact their willingness to complete a form of this 
type. There are two purposes for this research:
     The Sample Form Usability Research is intended to identify 
possible concerns or issues small business owners may have with 
submitting demographic data via sample forms and explore possible 
approaches to form design and language that might bear on willingness 
to provide the data.
     The Communication Testing Research is intended to identify 
small business owners' knowledge and understanding of the upcoming 1071 
rule as well as concerns that may impact their willingness to complete 
a form of this type. It will help develop implementation materials to 
facilitate lenders' compliance with the statutory requirements.
    Request for Comments: The Bureau is 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.

Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2022-13424 Filed 6-22-22; 8:45 am]
BILLING CODE 4810-AM-P