[Federal Register Volume 88, Number 7 (Wednesday, January 11, 2023)]
[Notices]
[Page 1566]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00310]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2023-0003]


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 
to extend the Office of Management and Budget's (OMB's) approval for an 
existing information collection titled ``Truth in Lending Act 
(Regulation Z)'' approved under OMB Control Number 3170-0015.

DATES: Written comments are encouraged and must be received on or 
before March 13, 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-
2023-0003 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: 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: Truth in Lending Act (Regulation Z).
    OMB Control Number: 3170-0015.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Private sector: businesses or other for-profits; 
not-for-profits institutions.
    Estimated Number of Respondents: 17,215.
    Estimated Total Annual Burden Hours: 1,345,102.
    Abstract: The Truth in Lending Act (TILA), 15 U.S.C. 1601 et seq., 
was enacted to foster comparison credit shopping and informed credit 
decision making by requiring accurate disclosure of the costs and terms 
of credit to consumers and to protect consumers against inaccurate and 
unfair credit billing practices. Creditors are subject to disclosure 
and other requirements that apply to open-end credit (e.g., revolving 
credit or credit lines) and closed-end credit (e.g., installment 
financing). TILA imposes disclosure requirements on all types of 
creditors in connection with consumer credit, including mortgage 
companies, finance companies, retailers, and credit card issuers, to 
ensure that consumers are fully apprised of the terms of financing 
prior to consummation of the transaction and, as applicable, during the 
loan term.
    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. 2023-00310 Filed 1-10-23; 8:45 am]
BILLING CODE 4810-AM-P