[Federal Register Volume 87, Number 247 (Tuesday, December 27, 2022)]
[Notices]
[Pages 79287-79288]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-28044]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0086]


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 
extension of the Office of Management and Budget's (OMB's) approval of 
an existing information collection titled ``Truth in Savings 
(Regulation DD)'' approved under OMB Number 3170-0004.

DATES: Written comments are encouraged and must be received on or 
before January 26, 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

[[Page 79288]]

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: Truth in Savings (Regulation DD).
    OMB Control Number: 3170-0004.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Private sector: businesses or other for-profits 
institutions.
    Estimated Number of Respondents: 171.
    Estimated Total Annual Burden Hours: 561,632.
    Abstract: Consumers rely on the disclosures required by the Truth 
in Savings Act (TISA) and Regulation DD to facilitate informed 
decision-making regarding deposit accounts offered at depository 
institutions. Without this information, consumers would be severely 
hindered in their ability to assess the true costs and terms of the 
deposit accounts offered. Federal agencies and private litigants use 
these records to ascertain whether accurate and complete disclosures of 
depository accounts have been provided to consumers. This information 
also provides the primary evidence of law violations in TISA 
enforcement actions brought by the Bureau. Without the Regulation DD 
recordkeeping requirement, the Bureau's ability to enforce TISA would 
be significantly impaired.
    Request for Comments: The Bureau published a 60-day Federal 
Register notice on October 4, 2022 (87 FR 60136) under Docket Number: 
CFPB-2022-0065. The Bureau is publishing this notice and 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 
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. 2022-28044 Filed 12-23-22; 8:45 am]
BILLING CODE 4810-AM-P