[Federal Register Volume 88, Number 60 (Wednesday, March 29, 2023)]
[Notices]
[Pages 18547-18548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06451]


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FEDERAL TRADE COMMISSION


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Extension

AGENCY: Federal Trade Commission.

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Federal Trade Commission (FTC or Commission) is seeking public 
comment on its proposal to extend for an additional three years the 
Office of Management and Budget clearance for its shared enforcement 
authority with the Consumer Financial Protection Bureau (CFPB) for 
information collection requirements contained in the CFPB's Regulation 
O. The current clearance expires on March 31, 2023.

DATES: Comments must be filed by April 28, 2023.

ADDRESSES: Interested parties may file a comment online or on paper, by 
following the instructions in the Request for Comment part of the 
SUPPLEMENTARY INFORMATION section below. 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. The reginfo.gov web link is a United States 
Government website produced by the Office of Management and Budget 
(OMB) and the General Services Administration (GSA). Under PRA 
requirements, OMB's Office of Information and Regulatory Affairs (OIRA) 
reviews Federal information collections.

FOR FURTHER INFORMATION CONTACT: Stephanie Rosenthal, Division of 
Financial Practices, Bureau of Consumer Protection, Federal Trade 
Commission, 600 Pennsylvania Ave. NW, Washington, DC 20580, (202) 326-
3332.

SUPPLEMENTARY INFORMATION: 
    Title: Regulation O, 12 CFR part 1015.
    OMB Control Number: 3084-0157.
    Type of Review: Extension of currently approved collection.
    Estimated Number of Respondents: 118.
    Estimated Annual Burden Hours: 354 (FTC share).
    Estimated Annual Labor Cost: $12,195 (FTC share).
    Abstract: The FTC and CFPB share enforcement authority for the 
Mortgage Assistance Relief Services (Regulation O), 12 CFR part 
1015.\1\ The rule includes disclosure requirements to assist purchasers 
of mortgage assistance relief services in making well-informed 
decisions and avoiding unfair or deceptive acts and practices. The 
information that must be retained under Regulation O's recordkeeping 
requirements is used by the CFPB and the FTC for enforcement purposes 
and to ensure compliance by MARS providers with Regulation O. The 
information is requested only on a case-by-case basis.
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    \1\ Title X of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (``Dodd-Frank Act''), Public Law 111-203, 124 Stat. 
1376 (2010), transferred the Commission's rulemaking authority under 
the mortgage provisions in section 626 of the 2009 Omnibus 
Appropriations Act, as amended, to the CFPB. On December 16, 2011, 
the CFPB republished the Mortgage Assistance Relief Services 
(``MARS'') Rule as Regulation O (12 CFR pt. 1015). As a result, the 
Commission subsequently rescinded its MARS Rule (16 CFR pt. 322). 
Nonetheless, under the Dodd-Frank Act, the FTC retains its authority 
to bring law enforcement actions to enforce Regulation O.
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Request for Comment

    On January 9, 2023, the FTC sought public comment on the 
information collection requirements associated with the Rule. 88 FR 
1234. No germane comments were received. Pursuant to the OMB 
regulations, 5 CFR part 1320, that implement the PRA, 44 U.S.C. 3501 et 
seq., the FTC is providing this second opportunity for public comment 
while seeking OMB approval to renew the pre-existing clearance for the 
Rule.
    Your comment--including your name and your state--will be placed on 
the public record of this proceeding. Because your comment will be made 
public, you are solely responsible for making sure that your comment 
does not include any sensitive personal information, such as anyone's 
Social Security number; date of birth; driver's license number or other 
state identification number, or foreign country equivalent; passport 
number; financial account number; or credit or debit card number. You 
are also solely responsible for making sure that your comment does not 
include any sensitive health information, such as medical records or 
other individually identifiable health information. In addition, your 
comment should not include any ``trade secret or any commercial or 
financial information which . . . is privileged or confidential''--as 
provided by Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 
4.10(a)(2), 16 CFR 4.10(a)(2)--including in particular competitively 
sensitive information such as costs, sales statistics, inventories, 
formulas,

[[Page 18548]]

patterns, devices, manufacturing processes, or customer names.

Josephine Liu,
Assistant General Counsel for Legal Counsel.
[FR Doc. 2023-06451 Filed 3-28-23; 8:45 am]
BILLING CODE 6750-01-P