[Federal Register Volume 87, Number 154 (Thursday, August 11, 2022)]
[Notices]
[Page 49583]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17261]


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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2022-0054]


Agency Information Collection Activities: Comment Request

AGENCY: Consumer Financial Protection Bureau.

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 (CFPB or Bureau) requests the 
extension of the Office of Management and Budget's (OMB's) approval of 
the existing information collection titled ``Joint Standards and CFPB 
Standards for Assessing the Diversity Policies and Practices'' approved 
under OMB Control Number 3170-0060.

DATES: Written comments are encouraged and must be received on or 
before September 12, 2022 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.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: Joint Standards and CFPB Standards for 
Assessing the Diversity Policies and Practices.
    OMB Control Number: 3170-0060.
    Type of review: Revision of a currently approved information 
collection.
    Affected Public: Private sector: businesses or other for-profits.
    Estimated Number of Respondents: 1,250.
    Estimated Total Annual Burden Hours: 9,375.
    Abstract: Section 342 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act of 2010 (Dodd-Frank Act) required the Office of 
the Comptroller of the Currency (OCC), Board of Governors of the 
Federal Reserve System (Board), Federal Deposit Insurance Corporation 
(FDIC), National Credit Union Administration (NCUA), Consumer Financial 
Protection Bureau (CFPB), and Securities and Exchange Commission (SEC) 
(together, Agencies and separately, Agency) each to establish an Office 
of Minority and Women Inclusion (OMWI) to be responsible for all 
matters of the Agency relating to diversity in management, employment, 
and business activities. The Dodd-Frank Act also instructed each OMWI 
Director to develop standards for assessing the diversity policies and 
practices of entities regulated by the Agency. The Agencies worked 
together to develop joint standards (Joint Standards). On June 10, 
2015, they jointly published in the Federal Register the ``Final 
Interagency Policy Statement Establishing Joint Standards for Assessing 
the Diversity Policies and Practices of Entities Regulated by the 
Agencies.'' The Agencies will use the information provided to them to 
monitor progress and trends in the financial services industry 
regarding diversity and inclusion in employment and contracting 
activities as well as to identify and highlight those policies and 
practices that have been successful. The primary Federal financial 
regulator will share information with other Agencies (when appropriate) 
to support coordination of efforts and to avoid duplication. The 
Agencies may publish information disclosed to them (such as best 
practices) in any form that does not identify a particular entity or 
individual or disclose confidential business information. Additionally, 
the CFPB is required to ensure that contractors that do business with 
the CFPB are making a good faith effort to diversify their workforces. 
The CFPB requires contractors to submit information related to their 
workforce and workplace policies.
    Request for Comments: The Bureau published a 60-day Federal 
Register notice on June 2, 2022 (87 FR 33473) under Docket Number: 
CFPB-2022-0034. 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. 2022-17261 Filed 8-10-22; 8:45 am]
BILLING CODE 4810-AM-P