[Federal Register Volume 89, Number 138 (Thursday, July 18, 2024)]
[Notices]
[Page 58354]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15824]



[[Page 58354]]

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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2024-0030]


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) requests the Office of 
Management and Budget's (OMB's) extension of the existing information 
collection titled ``Consumer Leasing Act (Regulation M)'' approved 
under OMB Control Number 3170-0006.

DATES: Written comments are encouraged and must be received on or 
before September 16, 2024 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-
2024-0030 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 CFPB 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: Consumer Leasing Act (Regulation M).
    OMB Control Number: 3170-0006.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Businesses and other for-profit entities.
    Estimated Number of Respondents: 13,301.
    Estimated Total Annual Burden Hours: 2,062.
    Abstract: Consumers rely on the disclosures required by the 
Consumer Leasing Act (CLA) \1\ and Regulation M \2\ for information to 
comparison shop among leases as well as to ascertain the true costs and 
terms of lease offers. Federal/State enforcement and private litigants 
use the records to ascertain whether accurate and complete disclosures 
of the cost of leases have been provided to consumers prior to 
consummation of the lease. This information provides the primary 
evidence of law violations in CLA enforcement actions brought by 
Federal agencies. The agency's ability to enforce the CLA would be 
significantly impaired without Regulation M's recordkeeping 
requirements.
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    \1\ 15 U.S.C. 1667 et seq.
    \2\ 12 CFR 1013.
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    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. 2024-15824 Filed 7-17-24; 8:45 am]
BILLING CODE 4810-AM-P