[Federal Register Volume 88, Number 81 (Thursday, April 27, 2023)]
[Notices]
[Pages 25624-25625]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08822]


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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2023-0031]


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 (Bureau or CFPB) is requesting 
the Office of Management and Budget's (OMB's) approval for a new 
information collection titled ``Student Loan Survey.''

DATES: Written comments are encouraged and must be received on or 
before June 26, 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: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No. CFPB-
2023-0031 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: Student Loan Survey.
    OMB Control Number: 3170-00XX.
    Type of Review: New information collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 3,750.
    Estimated Total Annual Burden Hours: 1,238.
    Abstract: Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act, the Bureau is charged with researching, analyzing, and 
reporting on topics including consumer behavior, consumer awareness, 
and developments in markets for consumer financial products and 
services. To improve its understanding of how consumers engage with 
financial markets, the Bureau has successfully used credit record data 
as a sampling frame to survey people about their experiences in 
consumer credit markets.
    The Bureau now seeks to obtain approval for a new survey of student 
loan borrowers to understand their borrowing decisions, their 
experience managing their loans, and their expectations for the future. 
The survey will be sent to a random sample selected from individuals in 
the Bureau's new Consumer Credit Information Panel (CCIP) which is 
itself a sample of de-identified credit records from one of the 
nationwide consumer reporting agencies. The survey responses will be 
matched to the Bureau's CCIP data to provide a more complete picture of 
borrowers' financial standings. The survey will follow similar methods 
as in the Bureau's prior Making Ends Meet Survey (approved under OMB 
Control Number 3170-0066) and Consumer Views on Debt Survey (approved 
under OMB Control Number 3170-0047) but sample a different population 
of borrowers and focus primarily on student loans. The Bureau expects 
to recruit about 15,000 participants to participate in the survey. The 
Bureau will collect demographics, measures of financial well-being, 
consumers' feelings about their financial well-being, experiences with 
the student loan system, and behavioral measures related to seeking out 
financial information or willingness to take financial-related actions.
    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

[[Page 25625]]

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. 2023-08822 Filed 4-26-23; 8:45 am]
BILLING CODE 4810-AM-P