[Federal Register Volume 87, Number 155 (Friday, August 12, 2022)]
[Notices]
[Pages 49809-49810]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17381]


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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2022-0057]


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 ``Privacy of Consumer 
Financial Information (Regulation P)'' approved under OMB Control 
Number 3170-0010.

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

[[Page 49810]]

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: Privacy of Consumer Financial Information 
(Regulation P).
    OMB Control Number: 3170-0010.
    Type of review: Extension of a currently approved information 
collection.
    Affected Public: Private sector: businesses or other for-profits.
    Estimated Number of Respondents: 462,760.
    Estimated Total Annual Burden Hours: 311,742.
    Abstract: Section 502 of the Gramm-Leach-Bliley Act (GLBA) (Pub. L. 
106-102) generally prohibits a financial institution from sharing 
nonpublic personal information about a consumer with nonaffiliated 
third parties unless the institution satisfies various disclosure 
requirements (e.g., provision of initial privacy notices, annual 
notices, notices of revisions to the institution's privacy policy and 
opt-out notices) and the consumer has not elected to opt out of the 
information sharing. The Bureau promulgated Regulation P (12 CFR 1016) 
to implement the GLBA notice requirements and restrictions on a 
financial institution's ability to disclose nonpublic personal 
information about consumers to nonaffiliated third parties.
    Request for Comments: The Bureau published a 60-day Federal 
Register notice on 5/24/2022 (87 FR 31535) under Docket Number: CFPB-
2022-0033. 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. 2022-17381 Filed 8-11-22; 8:45 am]
BILLING CODE 4810-AM-P