[Federal Register Volume 88, Number 54 (Tuesday, March 21, 2023)]
[Notices]
[Pages 16954-16955]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05757]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2023-0022]


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 Lending Act 
(Regulation Z)'' approved under OMB Number 3170-0015.

DATES: Written comments are encouraged and must be received on or 
before April 20, 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,

[[Page 16955]]

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: The Bureau published a 60-day Federal 
Register notice on January 11, 2023 (88 FR 1566) under Docket Number: 
CFPB-2023-0003. 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. 2023-05757 Filed 3-20-23; 8:45 am]
BILLING CODE 4810-AM-P