[Federal Register Volume 87, Number 225 (Wednesday, November 23, 2022)]
[Notices]
[Pages 71586-71587]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25547]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0078]


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 
the Office of Management and Budget's (OMB's) approval of a new 
information collection titled ``Generic Information Collection Plan for 
Foundational Research about Consumer Credit Markets and Household 
Financial Decision-Making.''

DATES: Written comments are encouraged and must be received on or 
before January 23, 2023 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-
2022-0078 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. Because paper mail in the Washington, DC area and 
at the Bureau is subject to delay, commenters are encouraged to submit 
comments electronically.
    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: Generic Information Collection Plan for 
Foundational Research about Consumer Credit Markets and Household 
Financial Decision-Making.
    OMB Control Number: 3170-00XX.
    Type of Review: New collection.
    Affected Public: Individuals or households; private sector: 
businesses or other for-profits; not-for-profits institutions.
    Estimated Number of Respondents: 48,000.
    Estimated Total Annual Burden Hours: 24,000.
    Abstract: Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act, the Bureau is tasked with researching, analyzing, and 
reporting on topics relating to the Bureau's mission, including 
developments in markets for consumer financial products and services, 
consumer awareness, and consumer behavior. Under this generic 
information collection plan, the Bureau collects data through 
qualitative and quantitative methods, including focus groups, 
interviews, and controlled trials in field and laboratory settings. The 
primary purpose of research carried out under this generic clearance is 
for foundational research of an exploratory nature. This foundational 
research will be used for developmental and

[[Page 71587]]

informative purposes to increase the Bureau's understanding of consumer 
credit markets and household financial decision-making. In addition, 
research may be related to the Bureau's mission regarding financial 
education, including evaluating the effectiveness of financial 
education programs and understanding financial planning behaviors, 
including savings, spending, and investing behavior. The Bureau 
envisions that the research covered under this clearance will be basic 
foundational research about consumer credit markets and household 
finance.
    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's 
approval. All comments will become a matter of public record.

Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2022-25547 Filed 11-22-22; 8:45 am]
BILLING CODE 4810-AM-P