[Federal Register Volume 90, Number 235 (Wednesday, December 10, 2025)]
[Notices]
[Pages 57185-57186]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-22440]
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CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2025-0048]
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 to extend
the Office of Management and Budget's (OMB's) approval for an existing
information collection titled ``Truth in Savings (Regulation DD)''
approved under OMB Control Number 3170-0004.
DATES: Written comments are encouraged and must be received on or
[[Page 57186]]
before February 9, 2026 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-2025-
0048 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: Truth in Savings (Regulation DD).
OMB Control Number: 3170-0004.
Type of Review: Extension of an information collection.
Affected Public: Private sector: Businesses or other for-profits.
Estimated Number of Respondents: 171.
Estimated Total Annual Burden Hours: 561,632.
Abstract: The Truth in Savings Act (TISA), 12 U.S.C. 4301 et seq.,
was enacted to enhance economic stability, improve competition between
depository institutions, and strengthen consumer ability to make
informed decisions regarding deposit accounts by requiring uniformity
in the disclosure of interest rates and fees. TISA assists consumers in
comparing deposit accounts offered by depository institutions,
principally through the disclosure of fees, the annual percentage
yield, the interest rate, and other account terms. TISA and Regulation
DD require depository institutions to disclose yields, fees, and other
terms concerning deposit accounts to consumers at account opening, upon
request, and when changes in terms occur. Depository institutions that
provide periodic statements are required to include information about
fees imposed, interest earned, and the annual percentage yield earned
during those statement periods. TISA and Regulation DD mandate the
methods by which institutions determine the account balance on which
interest is calculated. They also contain rules about advertising
deposit accounts and overdraft services. Regulation DD requires
depository institutions subject to TISA to retain evidence of
compliance with the regulation. These recordkeeping requirements ensure
that records that might contain evidence of violations of TISA remain
available to Federal enforcement agencies, as well as to private
litigants.
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. 2025-22440 Filed 12-9-25; 8:45 am]
BILLING CODE 4810-AM-P