[Federal Register Volume 87, Number 159 (Thursday, August 18, 2022)]
[Notices]
[Pages 50851-50852]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17807]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0048]


Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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[[Page 50852]]

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is requesting to 
revise an existing information collection, titled ``Report of Terms of 
Credit Card Plans (Form FR 2572) and Consumer and College Credit Card 
Agreements.''

DATES: Written comments are encouraged and must be received on or 
before October 17, 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: Go to https://www.regulations.gov. Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No. CFPB-
2022-0048 in the subject line of the message.
     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, 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: Report of Terms of Credit Card Plans (Form FR 
2572) and Consumer and College Credit Card Agreements.
    OMB Control Number: 3170-0001.
    Type of Review: Revision of a previously approved information 
collection.
    Affected Public: Business and other for-profit institutions.
    Estimated Number of Respondents: 615.
    Estimated Total Annual Burden Hours: 506.
    Abstract: The Bureau intakes different forms of credit card data 
from credit card issuers, as required by the Truth in Lending Act 
(TILA), 15 U.S.C. 1601, et seq. and implementing regulations:

--The ``Terms of Credit Card Plans Survey'' collects data on credit 
card pricing and availability from a sample of at least 150 financial 
institutions that offer credit cards. The data enables the Bureau to 
present information to the public on terms of credit card plans;
--Sections 204 and 305 of the Credit Card Accountability Responsibility 
and Disclosure Act of 2009 (CARD Act), amending TILA, and 12 CFR 
1026.57(d) and 1026.58, require card issuers to submit to the Bureau:
     Agreements between the issuer and a consumer under a 
credit card account for an open-end consumer credit plan; and
     Any college credit card agreements to which the issuer is 
a party and certain additional information regarding those agreements.

    The data collections enable the Bureau to provide Congress and the 
public with a centralized and searchable repository for consumer and 
college credit card agreements and information regarding the 
arrangements between financial institutions and institutions of higher 
education.
    Request for Comments: Comments are invited on: (a) Whether the 
mandatory collection of information, pursuant to statute, 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. 2022-17807 Filed 8-17-22; 8:45 am]
BILLING CODE 4810-AM-P