[Federal Register Volume 88, Number 187 (Thursday, September 28, 2023)]
[Notices]
[Pages 66820-66821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21273]


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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2023-0048]


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) is requesting the 
Office of Management and Budget's (OMB's) approval for a new 
information collection titled ``Making Ends Meet Survey''.

[[Page 66821]]


DATES: Written comments are encouraged and must be received on or 
before October 30, 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: Making Ends Meet Survey.
    OMB Control Number: 3170-00XX.
    Type of Review: New collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 4,500.
    Estimated Total Annual Burden Hours: 1,375.
    Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection 
Act charges the Consumer Financial Protection Bureau with researching, 
analyzing, and reporting on topics relating to the CFPB's mission 
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 CFPB 
has successfully used surveys under its ``Making Ends Meet'' program. 
The ``Making Ends Meet'' program has also used the CFPB's Consumer 
Credit Information Panel (CCIP) as a frame to survey people about their 
experiences in consumer credit markets. The CFPB seeks approval for two 
yearly surveys under the Making Ends Meet program. These surveys 
solicit information on the consumer's experience related to household 
financial shocks, particularly shocks related to the economic effects 
of the COVID-19 pandemic, how households respond to those shocks, and 
the role of savings to help provide a financial buffer.
    The first survey will be a follow-up to respondents from the CFPB's 
2023 ``Making Ends Meet'' survey to better understand household 
financial experiences dealing with medical debt as well as consumers' 
interactions with various financial products. The second survey will go 
to a new sample of consumers from the CCIP and will address a several 
topics of interest to the CFPB possibly including the impact of natural 
disasters and other environmental events, credit shopping behavior, 
additional follow-up regarding debt collection, and the assessment of 
various fees throughout the financial services ecosystem.
    Request for Comments: The CFPB published a 60-day Federal Register 
notice on May 16, 2023 (88 FR 31251) under Docket Number: CFPB-2023-
0034. The CFPB 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 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 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. 2023-21273 Filed 9-27-23; 8:45 am]
BILLING CODE 4810-AM-P