Agency Information Collection Activities: Comment Request
| Citation | 86 FR 27567 |
| Record Number | 2021-10794 |
| Published date | 21 May 2021 |
| Section | Notices |
| Court | Consumer Financial Protection Bureau |
Federal Register, Volume 86 Issue 97 (Friday, May 21, 2021)
[Federal Register Volume 86, Number 97 (Friday, May 21, 2021)]
[Notices]
[Pages 27567-27568]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-10794]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2021-0011]
Agency Information Collection Activities: 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 requesting to
revise an existing information collection, titled ``Report of Terms of
Credit Card Plans (Form FR 2572) and Consumer and College Credit Card
Agreements.''
DATES: Written comments are encouraged and must be received on or
before July 20, 2021 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: Go to http://www.regulations.gov. Follow the instructions for submitting comments.
Email: [email protected]. Include Docket No. CFPB-
2021-0011 in the subject line of the message.
Mail/Hand Delivery/Courier: Comment intake, Bureau of
Consumer Financial Protection (Attention: PRA Office), 1700 G Street
NW, Washington, DC 20552. Please note that due to circumstances
associated with the COVID-19 pandemic, the Bureau discourages the
submission of comments by mail, hand delivery, or courier.
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:
Documentation prepared in support of this information collection
request is available at www.regulations.gov. Requests for additional
information should be directed to Suzan Muslu, Data Governance Manager,
at (202) 435-9276, 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: Report of Terms of Credit Card Plans (Form FR
2572) and Consumer and College Credit Card Agreements.
OMB Control Number: 3170-0001.
Type of Review: Revision of a previously approved information
collection.
Affected Public: Business and other for-profit institutions.
Estimated Number of Respondents: 615.
Estimated Total Annual Burden Hours: 501.
Abstract: This collection incorporates two information collections
of credit card data by the Bureau that used to be collected under
separate OMB Control Numbers. OMB Control No. 3170-0052 is being
incorporated into OMB Control Number 3170-0001. Each collects different
forms of credit card data from credit card issuers, as required by the
Truth in Lending Act (TILA), 15 U.S.C. 1601, et seq. and implementing
regulations:
--Form FR 2572 collects data on credit card pricing and availability
from a sample of at least 150 financial institutions that offer credit
cards. The data enables the Bureau to present information to the public
on terms of credit card plans;
--Sections 204 and 305 of the Credit Card Accountability Responsibility
and Disclosure Act of 2009 (CARD Act), amending TILA, and12 CFR
1026.57(d) and 226.58 require card issuers to submit to the Bureau:
Agreements between the issuer and a consumer under a
credit card account for an open-end consumer credit plan; and
any college credit card agreements to which the issuer is
a party and certain additional information regarding those agreements.
The data collections enable the Bureau to provide Congress and the
public with a centralized and searchable repository for consumer and
college credit card agreements and information regarding the
arrangements between financial institutions and institutions of higher
education.
Request for Comments: Comments are invited on: (a) Whether the
mandatory collection of information, pursuant to statute, is necessary
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
[[Page 27568]]
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 approval. All comments will become a
matter of public record.
Dated: May 18, 2021.
Suzan Muslu,
Data Governance Manager, Bureau of Consumer Financial Protection.
[FR Doc. 2021-10794 Filed 5-20-21; 8:45 am]
BILLING CODE 4810-AM-P
