[Federal Register Volume 88, Number 62 (Friday, March 31, 2023)]
[Notices]
[Pages 19270-19271]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06751]


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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2023-0008]


Agency Information Collection Activities: Comment Request

AGENCY: Consumer Financial Protection Bureau.

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 (CFPB or Bureau) is

[[Page 19271]]

publishing this notice seeking comment on a Generic Information 
Collection titled ``Loan Judgment Bias Experiment'' prior to requesting 
the Office of Management and Budget's (OMB's) approval of this 
collection under the Generic Information Collection ``Generic 
Information Collection Plan for Studies of Consumers Using Controlled 
Trials in Field and Economic Laboratory Settings'' under OMB Control 
Number 3170-0048.

DATES: Written comments are encouraged and must be received on or 
before May 1, 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-
2023-0008 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: Loan Judgment Bias Experiment.
    OMB Control Number: 3170-0048.
    Type of Review: Request for approval of a generic information 
collection under an existing Generic Information Collection Plan.
    Affected Public: Individuals.
    Estimated Number of Respondents: 3,600.
    Estimated Total Annual Burden Hours: 1,800.
    Abstract: The proposed research examines whether information about 
borrower race biases judgments of creditworthiness in the context of a 
specific financial product: mortgage loan applications. We will ask 
non-practitioner research participants to evaluate stylized loan 
applications for Black, Hispanic, Asian, and White non-Hispanic 
consumers, where information about applicant race is the only 
characteristic that varies. We will also ask whether any impact of race 
information depends on the mode of information provision (e.g., 
explicit race/ethnicity information vs. implicit from borrower name or 
other indirect signal). A maximum of 3,600 participants will be 
recruited from the panel maintained by CloudResearch to complete the 
Loan Judgment Bias Experiment. The Bureau will collect information on 
judgments about the riskiness of hypothetical applications with varying 
characteristics and information related to the task including an 
assessment of the respondent's experience completing the task. The 
Bureau will not receive any personal identifiable information (PII).
    Request for Comments: 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 
submitted to 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. 2023-06751 Filed 3-30-23; 8:45 am]
BILLING CODE 4810-AM-P