[Federal Register Volume 88, Number 159 (Friday, August 18, 2023)]
[Notices]
[Pages 56607-56608]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-17816]


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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2023-0041]


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'' approved under 
OMB Control Number 3170-00XX.

DATES: Written comments are encouraged and must be received on or 
before September 18, 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, 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 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 CFPB is charged with researching, analyzing, and 
reporting on topics relating to the Bureau's mission, including 
consumer behavior, consumer awareness, and developments in

[[Page 56608]]

markets for consumer financial products and services. To improve its 
understanding of how consumers engage with financial markets, the CFPB 
has successfully used credit record data as a sampling frame to survey 
people about their experiences in consumer credit markets.
    The CFPB now seeks to obtain approval for a new one-time 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 CFPB'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 CFPB's CCIP data to provide a more complete picture of borrowers' 
financial standing. The survey will follow similar methods to the 
CFPB's prior Making Ends Meet and Survey of Consumer Views on Debt 
surveys but sample a different population of borrowers and focus 
primarily on student loans.
    The CFPB will not receive personally identifiable information. Any 
such information will be removed by the contractor prior to delivering 
final products. We will collect demographics, measures of financial 
well-being, consumers' feelings about their financial well-being, and 
experience with the student loan system, as well as 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 CFPB, including whether the information will have 
practical utility; (b) The accuracy of the CFPB'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 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. 2023-17816 Filed 8-17-23; 8:45 am]
BILLING CODE 4810-AM-P