[Federal Register Volume 88, Number 129 (Friday, July 7, 2023)]
[Notices]
[Pages 43321-43322]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14282]


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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2023-0039]


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) requests the 
Office of Management and Budget's (OMB's) approval of a new information 
collection titled ``Generic Information Collection Plan for 
Foundational Research About Consumer Credit Markets and Household 
Financial Decision-Making.''

DATES: Written comments are encouraged and must be received on or 
before August 7, 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

[[Page 43322]]

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, please contact 
[email protected]. Please do not submit comments to these 
email boxes.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Generic Information Collection Plan for 
Foundational Research About Consumer Credit Markets and Household 
Financial Decision-Making.
    OMB Control Number: 3170-00XX.
    Type of Review: New information collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 8,000.
    Estimated Total Annual Burden Hours: 32,000.
    Abstract: Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act, the Bureau is tasked with researching, analyzing, and 
reporting on topics relating to the Bureau's mission including 
developments in markets for consumer financial products and services, 
consumer awareness, and consumer behavior. Under this generic 
information collection plan, the Bureau collects data through 
qualitative and quantitative methods, including focus groups, 
interviews, and controlled trials in field and laboratory settings. The 
primary purpose of research carried out under this generic clearance is 
for foundational research of an exploratory nature. This foundational 
research will be used for developmental and informative purposes to 
increase the Bureau's understanding of consumer credit markets and 
household financial decision-making. In addition, research may be 
related to the Bureau's mission regarding financial education, 
including evaluating the effectiveness of financial education programs 
and understanding financial planning behaviors, including savings, 
spending, and investing behavior. The Bureau envisions that the 
research covered under this clearance will be basic foundational 
research about consumer credit markets and household finance.
    Request for Comments: The Bureau published a 60-day Federal 
Register notice on November 23, 2022 (87 FR 71586) under Docket Number: 
CFPB-2022-0078. 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. 2023-14282 Filed 7-6-23; 8:45 am]
BILLING CODE 4810-AM-P