Proposed Collection; Comment Request, 71932 [2011-29996]

Agencies

• BUREAU OF CONSUMER FINANCIAL PROTECTION

[Federal Register Volume 76, Number 224 (Monday, November 21, 2011)]
[Notices]
[Page 71932]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-29996]


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Notices
                                                Federal Register
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This section of the FEDERAL REGISTER contains documents other than rules 
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Federal Register / Vol. 76, No. 224 / Monday, November 21, 2011 / 
Notices

[[Page 71932]]



BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. 2011-CFPB]


Proposed Collection; Comment Request

ACTION: Notice and request for comment.

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SUMMARY: The Bureau of Consumer Financial Protection (Bureau or CFPB), 
as part of its continuing effort to reduce paperwork burdens, invites 
the general public and other Federal agencies to comment on a proposed 
information collection, as required by the Paperwork Reduction Act of 
1995, Public Law 104-13. The Bureau is soliciting comments regarding 
the information collection requirements contained in 12 CFR Part 1082, 
State Official Notification Rules.

DATES: Written comments must be received on or before January 20, 2012 
to be assured of consideration.

ADDRESSES: You may submit comments, identified by Docket No. CFPB-2011-
0038, by any of the following methods:
     Electronic: https://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Monica Jackson, Office of the Executive Secretary, 
Bureau of Consumer Financial Protection, 1500 Pennsylvania Ave, NW., 
(Attn: 1801 L Street), Washington, DC 20220.
     Hand Delivery/Courier in Lieu of Mail: Monica Jackson, 
Office of the Executive Secretary, Bureau of Consumer Financial 
Protection, 1700 G Street NW., Washington, DC 20006.

All submissions must include the agency name and docket number. In 
general, all comments received will be posted without change to https://www.regulations.gov. In addition, comments will be available for public 
inspection and copying at 1700 G Street NW., Washington DC 20006, on 
official business days between the hours of 10 a.m. and 5 p.m. Eastern 
Time. You can make an appointment to inspect the documents by 
telephoning (202) 435-7275. All comments, including attachments and 
other supporting materials, will become part of the public record and 
subject to public disclosure. Sensitive personal information, such as 
account numbers or social security numbers, should not be included. 
Comments will not be edited to remove any identifying or contact 
information.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Ethan Levisohn, Office of Enforcement, at (202) 
435-7055.

SUPPLEMENTARY INFORMATION: 
    Title: CFPB State Official Notification Rules.
    OMB Control Number: 1505-0237.
    Abstract: Section 1042 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (Dodd-Frank Act), Public Law 111-203, requires 
the Bureau to prescribe rules establishing procedures that govern the 
process, described in Section 1042(b) of the Dodd-Frank Act, by which 
state officials notify the CFPB of actions or proceedings undertaken 
pursuant to the authority granted in section 1042(a) to enforce the 
Dodd-Frank Act or regulations prescribed thereunder. In accordance with 
the requirements of the Dodd-Frank Act, the Bureau has proposed an 
interim final rule establishing that notice should be provided at least 
10 days before the filing of an action, with certain exceptions, and 
setting forth a limited set of information which is to be provided with 
the notice (which substantially tracks the statutory language). The 
data will be received each time a state official files an action to 
enforce the Dodd-Frank Act or a regulation promulgated thereunder. It 
will be collected by the Bureau (through electronic mail submissions), 
and specifically by the Office of Enforcement and the Executive 
Secretary, who will share it as necessary and appropriate within the 
Bureau and elsewhere in government, pursuant to the process set out in 
the rules. It will also be collected by the prudential regulators 
(through postal mail or electronic mail submissions) where relevant. 
Unless used as part of a legal proceeding in which the Bureau is 
engaged, it is not expected that the information will be shared with 
the public, unless the information is already made public by the state 
official providing the notice.
    As discussed, the information provided in the notice will be used 
by the Bureau (and prudential regulators, where relevant) to stay 
informed about the enforcement activities of state officials enforcing 
the Dodd-Frank Act and to decide when and how, if at all, to react to 
such activities.
    Type of Review: Renewal.
    Affected Public: State or Local Governments.
    Estimated Total Annual Burden Hours: The information sent under the 
notice provisions of the rule is primarily information which the state 
officials providing the notice would have already collected and have 
available at the time notice is given. It is unlikely that compiling 
and sending the requested information would require more than 30 
minutes of additional work. As this is a new area of law, at this time, 
it would be impossible to estimate the number of actions which state 
officials will file under the Dodd-Frank Act and, accordingly, the 
number of notices which the CFPB will receive.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for Office of 
Management and Budget approval. All comments will become a matter of 
public record. The public is invited to submit written comments 
concerning: (a) Whether the collection of information associated with 
the State Official Notification Rules is necessary for the proper 
performance of the Bureau, including whether the information will have 
practical utility; (b) the accuracy of the above estimate of the burden 
of the information collection, including the validity of the 
methodology and assumptions used; (c) ways to enhance the quality, 
usefulness, 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.

Robert Dahl,
PRA Departmental Clearance Officer, Department of the Treasury.
[FR Doc. 2011-29996 Filed 11-18-11; 8:45 am]
BILLING CODE 4810-AM-P