Agency Information Collection Activities: Submission for OMB Review; Comment Request

Published date21 December 2018
Record Number2018-27738
CourtConsumer Financial Protection Bureau
Federal Register, Volume 83 Issue 245 (Friday, December 21, 2018)
[Federal Register Volume 83, Number 245 (Friday, December 21, 2018)]
                [Notices]
                [Pages 65642-65643]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2018-27738]
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                BUREAU OF CONSUMER FINANCIAL PROTECTION
                [Docket No. CFPB-2018-0043]
                Agency Information Collection Activities: Submission for OMB
                Review; Comment Request
                AGENCY: Bureau of Consumer Financial Protection.
                ACTION: Notice and request for comment.
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                SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
                the Bureau of Consumer Financial Protection (Bureau) is proposing to
                renew the Office of Management and Budget (OMB) approval for an
                existing information collection titled, ``Gramm-Leach-Bliley Act
                (Regulation P) 12 CFR 1016.''
                DATES: Written comments are encouraged and must be received on or
                before January 22, 2019 to be assured of consideration.
                ADDRESSES: Comments in response to this notice are to be directed
                towards OMB and to the attention of the OMB Desk Officer for the Bureau
                of Consumer Financial Protection. 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:
                 Electronic: http://www.regulations.gov. Follow the
                instructions for submitting comments.
                 Email: OIRA_submission@omb.eop.gov.
                 Fax: (202) 395-5806.
                 Mail: Office of Management and Budget, New Executive
                Office Building, Room 10235, Washington, DC 20503.
                 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: Documentation prepared in support of
                this information collection request is available at www.reginfo.gov
                (this link becomes active on the day following publication of this
                notice). Select ``Information Collection Review,'' under ``Currently
                under review, use the dropdown menu ``Select Agency'' and select
                ``Consumer Financial Protection Bureau'' (recent submissions to OMB
                will be at the top of the list). The same documentation is also
                available at http://www.regulations.gov. Requests for additional
                information should be directed to Darrin King, PRA Officer, at (202)
                435-9575, or email: CFPB_PRA@cfpb.gov. If you require this document in
                an alternative electronic format, please contact
                CFPB_Accessibility@cfpb.gov. Please do not submit comments to these
                email boxes.
                SUPPLEMENTARY INFORMATION:
                 Title of Collection: Gramm-Leach-Bliley Act (Regulation P) 12 CFR
                1016.
                 OMB Control Number: 3170-0010.
                 Type of Review: Extension without change of an existing information
                collection.
                 Affected Public: Businesses and other for-profit entities.
                 Estimated Number of Respondents: 462,760.
                 Estimated Total Annual Burden Hours: 312,916.
                 Abstract: Section 502 of the Gramm-Leach-Bliley Act (GLBA) (Public
                Law 106-102) generally prohibits a financial institution from sharing
                nonpublic personal information about a consumer with nonaffiliated
                third parties unless the institution satisfies various disclosure
                requirements (including provision of initial privacy notices, annual
                notices, notices of revisions to the institution's privacy policy, and
                opt-out notices) and the consumer has not elected to opt out of the
                information sharing. The Bureau promulgated Regulation P 12 CFR 1016 to
                implement the GLBA's notice requirements and restrictions on a
                financial institution's ability to disclose nonpublic personal
                information about consumers to nonaffiliated third parties. The Bureau
                is not proposing any new or revised collections of information pursuant
                to this request.
                 Request For Comments: The Bureau issued a 60-day Federal Register
                notice on October 1, 2018, (83 FR 49370), Docket Number: CFPB-2018-
                0027. Comments were solicited and continue to be invited on: (a)
                Whether the collection of information is necessary
                [[Page 65643]]
                for the proper performance of the functions of the Bureau, including
                whether the information will have practical utility; (b) The accuracy
                of the Bureau'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.
                 Dated: December 18, 2018.
                Darrin A. King,
                Paperwork Reduction Act Officer, Bureau of Consumer Financial
                Protection.
                [FR Doc. 2018-27738 Filed 12-20-18; 8:45 am]
                 BILLING CODE 4810-AM-P
                

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