Agency Information Collection Activities: Comment Request

CourtConsumer Financial Protection Bureau
Citation86 FR 74075
Publication Date29 December 2021
Record Number2021-28319
Federal Register, Volume 86 Issue 247 (Wednesday, December 29, 2021)
[Federal Register Volume 86, Number 247 (Wednesday, December 29, 2021)]
                [Pages 74075-74076]
                From the Federal Register Online via the Government Publishing Office []
                [FR Doc No: 2021-28319]
                [Docket No. CFPB-2021-0023]
                Agency Information Collection Activities: Comment Request
                AGENCY: Bureau of Consumer Financial Protection.
                ACTION: Notice and request for comment.
                SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
                the Bureau of Consumer Financial Protection (Bureau) is publishing this
                notice seeking comment on a Generic Information Collection titled,
                ``The Effect of Different Savings Elicitation Strategies on Emergency
                Savings Targets,'' prior to requesting the Office of Management and
                Budget's (OMB's) approval of this collection under the Generic
                Information Collection ``Generic Information Collection Plan for
                Studies of Consumers using Controlled Trials in Field and Economic
                Laboratory Settings'' under OMB Control number 3170-0048.
                DATES: Written comments are encouraged and must be received on or
                before December 29, 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:
                Follow the instructions for submitting comments.
                 Email: [email protected]. Include Docket No. CFPB-
                2021-0023 in the subject line of the email.
                 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
       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.
                 Title of Collection: The Effect of Different Savings Elicitation
                Strategies on Emergency Savings Targets.
                 OMB Control Number: 3170-0048.
                 Type of Review: Request for approval of a generic information
                collection under an existing Generic Information Collection Plan.
                 Affected Public: Individuals.
                 Estimated Number of Respondents: 6,000.
                 Estimated Total Annual Burden Hours: 3,000.
                 Abstract: This project examines how the framing of savings plans
                can help consumers establish emergency savings. The Bureau plans to
                test whether asking consumers to think about opportunity costs for
                their money helps them save more effectively for emergencies. Our
                findings can inform Bureau-developed content aimed at helping Americans
                be better prepared for emergencies. The Bureau will conduct several
                studies as part of this project asking participants about their savings
                goals. Each study will involve unique participants. We expect to
                recruit about 6,000 participants across the life of the project. The
                Bureau will not receive any personally identifying information (PII).
                Any PII will be scrubbed by the contractor. We will collect
                demographics, psychological measures around savings, and consumers''
                savings goals.
                 Request for Comments: The Bureau is publishing this notice and
                soliciting comments on: (a) Whether the collection of information 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 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
                submitted to OMB as part of its review of this
                [[Page 74076]]
                request. All comments will become a matter of public record.
                Anthony May,
                Paperwork Reduction Act Officer, Bureau of Consumer Financial
                [FR Doc. 2021-28319 Filed 12-28-21; 8:45 am]
                BILLING CODE 4810-AM-P

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