Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request

Citation84 FR 24797
Published date29 May 2019
Record Number2019-11194
SectionNotices
CourtFederal Trade Commission
Federal Register, Volume 84 Issue 103 (Wednesday, May 29, 2019)
[Federal Register Volume 84, Number 103 (Wednesday, May 29, 2019)]
                [Notices]
                [Pages 24797-24798]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-11194]
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                FEDERAL TRADE COMMISSION
                Agency Information Collection Activities; Submission to the
                Office of Management and Budget for Review and Approval; Comment
                Request
                AGENCY: Federal Trade Commission (``Commission'' or ``FTC'').
                ACTION: Notice of information collection; request for comment.
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                SUMMARY: The FTC requests that the Office of Management and Budget
                (``OMB'') extend for an additional three years the current Paperwork
                Reduction Act (``PRA'') clearance for information collection
                requirements in its regulation ``Duties of Furnishers of Information to
                Consumer Reporting Agencies'' (``Information Furnishers Rule''), which
                applies to certain motor vehicle dealers, and its shared enforcement
                with the Consumer Financial Protection Bureau (``CFPB'') of the
                furnisher provisions (subpart E) of the CFPB's Regulation V
                [[Page 24798]]
                regarding other entities. The existing clearance expires on June 30,
                2016.
                DATES: Comments must be submitted on or before June 28, 2019.
                ADDRESSES: Comments in response to this notice should be submitted to
                the OMB Desk Officer for the Federal Trade Commission within 30 days of
                this notice. You may submit comments using any of the following
                methods:
                 Electronic: Write ``Information Furnishers Rule, PRA Comment,
                P135407,'' on your comment and file your comment online at https://www.regulations.gov, by following the instructions on the web-based
                form.
                 Email: [email protected].
                 Mail: Office of Information and Regulatory Affairs, Office of
                Management and Budget, Attention: Desk Officer for the Federal Trade
                Commission, New Executive Office Building, Docket Library, Room 10102,
                725 17th Street NW, Washington, DC 20503.
                FOR FURTHER INFORMATION CONTACT: Jamie Elliott Hine, Attorney, Division
                of Privacy and Identity Protection, Bureau of Consumer Protection,
                (202) 326-2188, 600 Pennsylvania Ave. NW, CC-8232, Washington, DC
                20580.
                SUPPLEMENTARY INFORMATION: Pursuant to the Paperwork Reduction Act of
                1995 (44 U.S.C. 3501 et seq.), the FTC has submitted to the Office of
                Management and Budget (``OMB'') this request for extension of the
                previously approved collection of information discussed below.
                 Title: Duties of Furnishers of Information to Consumer Reporting
                Agencies.
                 OMB Control Number: 3084-0144.
                 Type of Review: Extension of currently approved collection.
                 Estimated Annual Burden:
                Section 660.3 of FTC Rule/Section 1022.42 of CFPB Rule: 14,420 hours
                and $815,884 in associated labor costs
                Section 660.4 of FTC Rule/Section 1022.43 of CFPB Rule: 2,635 hours and
                $62,423 in associated labor costs
                 The total estimated burden is 17,055 hours and $878,307 in
                associated labor costs. Commission staff believes that the Information
                Furnishers Rule and subpart E of Regulation V impose negligible capital
                or other non-labor costs, as the affected entities are already likely
                to have the necessary supplies and/or equipment (e.g., offices and
                computers) for the associated information collection provisions.
                 These burden figures reflect solely the FTC's estimates assigned to
                itself, including a portion reflective of its sole enforcement
                authority for certain motor vehicle dealers subject to the FTC rule.\1\
                For more details about the Rule requirements, the background behind
                these information collection provisions, and the basis for these
                calculations, see 84 FR 10074 (March 19, 2019).
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                 \1\ The FTC retains rulemaking authority for its Information
                Furnishers Rule solely for motor vehicle dealers described in
                section 1029(a) of the Dodd-Frank Wall Street Reform and Consumer
                Protection Act (Pub. L. 111-203, 124 Stat. 1376 (2010)) that are
                predominantly engaged in the sale and servicing of motor vehicles,
                the leasing and servicing of motor vehicles, or both.
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                Request for Comment
                 On March 19, 2019, the Commission sought comment on the information
                collection requirements associated with the Information Furnishers Rule
                and the Commission's shared enforcement with the CFPB of the furnisher
                provisions in subpart E of the CFPB's Regulation V. 84 FR 10074. No
                relevant comments were received. Pursuant to the 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 those information
                collection requirements.
                 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 information, like 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, like medical records or other
                individually identifiable health information. In addition, do not
                include any ``[t]rade secret or any commercial or financial information
                which is . . . privileged or confidential'' as provided in Section 6(f)
                of the FTC Act 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16CFR
                4.10(a)(2). In particular, do not include competitively sensitive
                information such as costs, sales statistics, inventories, formulas,
                patterns devices, manufacturing processes, or customer names.
                Heather Hippsley,
                Deputy General Counsel.
                [FR Doc. 2019-11194 Filed 5-28-19; 8:45 am]
                 BILLING CODE 6750-01-P
                

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