[Federal Register Volume 89, Number 26 (Wednesday, February 7, 2024)]
[Notices]
[Pages 8454-8455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02457]


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NATIONAL CREDIT UNION ADMINISTRATION


Renewal of Agency Information Collection for Comments Request: 
Proposed Collection

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comments.

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SUMMARY: The National Credit Union Administration (NCUA) will submit 
the following information collection requests to the Office of 
Management and Budget (OMB) for review and clearance in accordance with 
the Paperwork Reduction Act of 1995, on or after the date of 
publication of this notice.

DATES: Written comments should be received on or before April 8, 2024 
to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mahala Vixamar, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite 
5067; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mahala Vixamar at (703) 718-1155.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0165.
    Title: Fair Credit Reporting (FCRA), Regulation V and 12 CFR 717.
    Type of Review: Extension of a previously approved collection.
    Abstract: The Fair Credit Reporting Act (FCRA) sets standards for 
the collection, communication, and use of information bearing on a 
consumer's creditworthiness, credit standing, credit capacity, 
character, general reputation, personal characteristics, or mode of 
living. FCRA has been revised numerous times since it took effect, 
notably by passage of the Consumer Credit Reporting Reform Act of 1996, 
the Gramm-Leach-Bliley Act of 1999, and the Fair and Accurate Credit 
Transactions Act of 2003. Regulation V contains several requirements 
that impose information collection requirements on federal credit 
unions: the negative information notice; risk-based pricing; the 
procedures to enhance the accuracy and integrity of information 
furnished to consumer reporting agencies; the duties upon notice of 
dispute from a consumer; the affiliate marketing opt-out notice; and 
the prescreened consumer reports opt-out notice. The collection of 
information pursuant to Parts 1022 and 717 is triggered by specific 
events and disclosures and must be provided to consumers within the 
time periods established under the regulation. Regulation V and 12 CFR 
717 includes model notices and/or model forms that can be used to 
comply with the disclosure requirements of FCRA.
    Affected Public: Private Sector: Not-for-profit institutions; 
Individuals or Households.
    Estimated Total Annual Burden Hours: 272,686.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
whether the collection of information is necessary for the proper 
performance of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and 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 
the information on the respondents, including the use of automated

[[Page 8455]]

collection techniques or other forms of information technology.

    By the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2024-02457 Filed 2-6-24; 8:45 am]
BILLING CODE 7535-01-P