[Federal Register Volume 91, Number 86 (Tuesday, May 5, 2026)]
[Notices]
[Pages 24237-24238]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-08684]
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FEDERAL TRADE COMMISSION
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension
AGENCY: Federal Trade Commission.
ACTION: Notice and request for comment.
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SUMMARY: The Federal Trade Commission (FTC or Commission) requests that
the Office of Management and Budget (OMB) extend for three years the
current Paperwork Reduction Act (PRA) clearance for its shared
enforcement authority with the Consumer Financial Protection Bureau
(CFPB) for information collection requirements contained in the CFPB's
Regulation O. The current clearance expires on May 31, 2026.
DATES: Comments must be received by June 4, 2026.
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 and its accompanying supporting statement by
selecting ``Currently under 30-day Review--Open for Public Comments''
or by using the search function. The reginfo.gov web link is a United
States Government website produced by OMB and the General Services
Administration (GSA). Under PRA requirements, OMB's Office of
Information and Regulatory Affairs (OIRA) reviews Federal information
collections.
FOR FURTHER INFORMATION CONTACT: Stephanie Rosenthal and Carole
Reynolds, Division of Financial Practices, Bureau of Consumer
Protection, Federal Trade Commission, 600 Pennsylvania Ave. NW,
Washington, DC 20580, (202) 326-3332 and (202) 326-3230.
SUPPLEMENTARY INFORMATION:
Title: Regulation O, 12 CFR part 1015.
OMB Control Number: 3084-0157.
Type of Review: Extension of a currently approved collection.
Abstract: The FTC and CFPB share enforcement authority for the
Mortgage Assistance Relief Services (MARS or Regulation O), 12 CFR part
1015. The rule includes disclosure requirements to assist purchasers of
mortgage assistance relief services in making well-informed decisions
and avoiding unfair or deceptive acts and practices. The information
that must be retained under Regulation O's recordkeeping requirements
is used by the CFPB and the FTC for enforcement purposes and to ensure
compliance by MARS providers with Regulation O. The information is
requested only on a case-by-case basis.
Affected Public:
Estimated Annual Hours Burden: 360 hours (FTC share).
Estimated Annual Labor Cost Burden: $14,709 (FTC share).
Estimated Annual Non-Labor Cost Burden: $33,000 (FTC share).\1\
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\1\ The FTC estimates that each of the 120 MARS providers bears
an additional $550 in material fees for acquiring relevant legal and
technical compliance information, for a total additional burden of
$66,000, of which the FTC assumes half, or $33,000. Based on law
enforcement experience, the FTC assumes that any disclosures will
likely be made electronically and thus will not generate additional
non-labor costs such as printing and distribution.
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Request for Comment
On January 23, 2026, the FTC sought comment on the information
collection requirements associated with the rule. 91 FR 2933; 91 FR
5477 (correction). One commenter expressed support for the Commission's
proposed collection.\2\ Pursuant to OMB regulations, 5 CFR part 1320,
that implement the PRA, 44 U.S.C. 3501 et seq., the FTC is providing
this second opportunity for public comment while seeking OMB approval
to renew the pre-existing clearance for the rule. For more details
about the rule requirements and the basis for the calculations
summarized above, see 91 FR 2933.
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\2\ Comment ID FTC-2023-0006-0004, Bernardo Gallegos (Feb. 17,
2026), available at https://www.regulations.gov/comment/FTC-2023-0006-0006.
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Your comment--including your name and your state--will be placed on
the public record of this proceeding. Because your comment will be made
public, you are solely responsible for making sure that your comment
does not include any sensitive personal
[[Page 24238]]
information, such as anyone's Social Security number; date of birth;
driver's license number or other state identification number, or
foreign country equivalent; passport number; financial account number;
or credit or debit card number. You are also solely responsible for
making sure that your comment does not include any sensitive health
information, such as medical records or other individually identifiable
health information. In addition, your comment should not include any
``trade secret or any commercial or financial information which . . .
is privileged or confidential''--as provided by Section 6(f) of the FTC
Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)--
including in particular competitively sensitive information such as
costs, sales statistics, inventories, formulas, patterns, devices,
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manufacturing processes, or customer names.
Josephine Liu,
Assistant General Counsel for Legal Counsel.
[FR Doc. 2026-08684 Filed 5-4-26; 8:45 am]
BILLING CODE 6750-01-P