[Federal Register Volume 87, Number 241 (Friday, December 16, 2022)]
[Notices]
[Pages 77079-77080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27321]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0083]


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) requests the 
revision of the Office of Management and Budget's (OMB's) approval of 
an existing information collection titled ``Terms of Credit Card Plans 
Survey'' approved under OMB Number 3170-0001.

DATES: Written comments are encouraged and must be received on or 
before January 17, 2023 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: Requests for additional information 
should be directed to Anthony May, Paperwork Reduction Act 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: Terms of Credit Card Plans Survey.
    OMB Control Number: 3170-0001.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Private sector: businesses or other for-profits 
institutions.
    Estimated Number of Respondents: 665.
    Estimated Total Annual Burden Hours: 564.
    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:
    [cir] Agreements between the issuer and a consumer under a credit 
card account for an open-end consumer credit plan; and
    [cir] 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: The Bureau published a 60-day Federal 
Register notice on August 18, 2022 (87 FR 50851) under Docket Number: 
CFPB-2022-0048. The Bureau is publishing this notice and soliciting 
comments on: (a) Whether the collection of information is necessary for 
the proper performance of

[[Page 77080]]

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 reviewed by 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. 2022-27321 Filed 12-15-22; 8:45 am]
BILLING CODE 4810-AM-P