Privacy Act of 1974, as Amended, 12034-12036 [2012-4697]
Download as PDF
<![CDATA[
12034
Federal Register / Vol. 77, No. 39 / Tuesday, February 28, 2012 / Notices
tkelley on DSK3SPTVN1PROD with NOTICES
system of posting debit transactions;
adoption of a system that separates
different types of debit transactions
(e.g., ATM and point of sale debit, ACH,
check, and various account fees) and
applies different rules to order
transactions in discrete buckets; and
adoption of a system which orders debit
transactions from smallest to highest
dollar amount. The Bureau is interested
in learning how these changes have
affected consumers. Comments could
include information regarding:
a. The different ways in which
institutions currently group and order
different types of transactions;
b. How institutions disclose the ways
in which they currently group and order
transactions;
c. The consequences in practice of
different grouping and ordering policies
for the frequency with which consumers
may incur overdrafts and related fees.
Or the consequences for whether certain
overdraft items will or will not be paid;
or
d. The impact of funds availability
policies on when overdrafts are
determined to have occurred.
10. In addition to transaction ordering
policies, the Bureau is also aware that
some institutions have adopted other
new policies with respect to overdrafts.
For example, some institutions have
declined to permit consumers to opt in
to overdraft coverage of electronic debits
and instead reject those transactions or
allow consumers to opt in at the point
of the transaction. Other institutions
have adopted cushions on the amount
by which an account must be overdrawn
to incur an overdraft fee; caps on the
number of fees that may be incurred in
a given day; tiered overdraft fees; a grace
period to cover an overdraft item
without incurring a fee; or a waiver of
fees on a certain number of overdraft
items per month. In what way do such
changes—or other new policies with
respect to overdraft—affect the
incidence and/or severity of overdraft
charges?
The Economics of Overdraft Programs
11. The Bureau is interested in the
economics of overdraft programs,
including their contribution to overall
costs and revenues associated with
checking accounts. There is concern
based on the FDIC study’s data from
2006 that many institutions are reliant
on fees from a small group of frequent
overdrafters for a disproportionate share
of revenue from checking accounts,
while many other accountholders
benefit as ‘‘free riders.’’ 27 The Bureau is
27 For example, one consulting firm estimated
that the 26 percent of checking accounts in which
VerDate Mar<15>2010
20:10 Feb 27, 2012
Jkt 226001
interested to learn the extent to which
the FDIC study’s findings from 2006 are
representative of the market today. At
the same time, the Bureau also seeks to
learn what costs regulations affecting
overdrafts might impose on institutions.
Comments may address, among other
things:
a. How the distribution of overdraft
revenue from consumers may have
evolved since the FDIC study and the
implementation of changes in
Regulations DD and E;
b. The distribution of overdraft fees by
type of transaction (check, ACH, debit,
ATM, etc.) today relative to what the
FDIC found in its study;
c. The extent to which different
groups of consumers incur overdrafts
and related fees disproportionately (for
example, the FDIC study suggested that
young adults and consumers with low
or moderate incomes might incur
overdrafts more frequently than other
groups);
d. The share of deposit service fees
charged to consumer accounts that are
attributable to overdrafts and NSFs
today;
e. The costs to institutions of
administering overdraft programs; and
f. The losses (e.g., charge-offs) that
occur as a result of extending overdraft
coverage.
Long-Term Impact on Consumers
12. The long term impact of overdraft
programs on consumer behavior and
options is of particular interest to the
Bureau. Some have argued that
overdraft programs allow consumers to
meet liquidity challenges while others
argue that overdraft eventually adds to
liquidity issues because of the high
recurring fees that frequent overdrafters
must pay. Further, there is concern that
heavy use may lead a significant
percentage of users to damage their
credit records in databases institutions
use to qualify consumers for checking
accounts and thereby to lose access to
the services of competing providers or
to the banking system altogether. To
what extent are these various
perspectives valid?
overdraft fees occur and the 23 percent of accounts
with balances over $3000 are responsible for the
vast majority of bank revenue (the former based on
overdraft fees and the latter based on interest
earned on deposits) while the remaining 51 percent
of accounts were unprofitable, earning less in fee
income and interest than it cost the banks to service
them. (Celent blog posted March 10, 2010, viewable
at https://bankingblog.celent.com/?p=1261).
PO 00000
Frm 00034
Fmt 4703
Sfmt 4703
Dated: February 22, 2012.
Meredith Fuchs,
Chief of Staff, Consumer Financial Protection
Bureau.
[FR Doc. 2012–4576 Filed 2–27–12; 8:45 am]
BILLING CODE 4810–AM–P
THE BUREAU OF CONSUMER
FINANCIAL PROTECTION
[Docket No. CFPB–2012–0008]
Privacy Act of 1974, as Amended
Bureau of Consumer Financial
Protection.
ACTION: Notice of Proposed Privacy Act
System of Records.
AGENCY:
In accordance with the
Privacy Act of 1974, as amended, the
Bureau of Consumer Financial
Protection (‘‘CFPB’’ or the ‘‘Bureau’’)
gives notice of the establishment of a
Privacy Act System of Records.
DATES: Comments must be received no
later than March 29, 2012. The new
system of records will be effective April
9, 2012, unless the comments received
result in a contrary determination.
ADDRESSES: You may submit comments,
identified by Docket No. CFPB–2012–
0008, by any of the following methods:
• Electronic: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Mail or Hand Delivery/Courier in
Lieu of Mail: Claire Stapleton, Chief
Privacy Officer, Consumer Financial
Protection Bureau, 1700 G Street NW.,
Washington, DC 20552.
All submissions must include the
agency name and docket number for this
notice. 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 20552, on official
business days between the hours of
10 a.m. and 5 p.m. Eastern Time. You
can make an appointment to inspect
comments by telephoning (202) 435–
7220. All comments, including
attachments and other supporting
materials, will become part of the public
record and subject to public disclosure.
You should submit only information
that you wish to make available
publicly.
FOR FURTHER INFORMATION CONTACT:
Claire Stapleton, Chief Privacy Officer,
Consumer Financial Protection Bureau,
1700 G Street NW., Washington, DC
20552, (202) 435–7220.
SUPPLEMENTARY INFORMATION: The DoddFrank Wall Street Reform and Consumer
Protection Act (‘‘Act’’), Public Law 111–
SUMMARY:
E:\FR\FM\28FEN1.SGM
28FEN1
Federal Register / Vol. 77, No. 39 / Tuesday, February 28, 2012 / Notices
203, Title X, established the CFPB to
administer and enforce federal
consumer financial protection law.
Section 1014 of the Act requires the
Director of the CBPB to establish a
Consumer Advisory Board (CAB) to
advise and consult with the Bureau in
the exercise of its functions under the
Federal consumer financial laws, and to
provide information on emerging
practices in the consumer financial
products or services industry, including
regional trends, concerns, and other
relevant information. The CFPB
anticipates that it may establish
additional advisory boards, groups, or
committees in the future to advise and
consult with the Bureau in the exercise
of its functions.
The new system of records described
in this notice ‘‘CFPB.016–CFPB
Advisory Boards and Committees’’ will
maintain records concerning the
activities and operations of the CFPB’s
Advisory Boards and Committees,
including the CAB.
The report of the new system of
records has been submitted to the
Committee on Oversight and
Government Reform of the House of
Representatives, the Committee on
Homeland Security and Governmental
Affairs of the Senate, and the Office of
Management and Budget, pursuant to
Appendix I to OMB Circular A–130,
‘‘Federal Agency Responsibilities for
Maintaining Records About
Individuals,’’ dated November 30, 2000,
and the Privacy Act, 5 U.S.C. 552a(r).
The system of records entitled
‘‘CFPB.016—CFPB Advisory Boards and
Committees’’ is published in its entirety
below.
Dated: February 23, 2012.
Claire Stapleton,
Chief Privacy Officer.
CFPB.016
SYSTEM NAME:
CFPB Advisory Boards and
Committees.
SYSTEM LOCATION:
Consumer Financial Protection
Bureau, 1700 G Street NW., Washington
DC 20552.
tkelley on DSK3SPTVN1PROD with NOTICES
CATEGORIES OF INDIVIDUALS COVERED BY THE
SYSTEM:
Individuals covered by this system
include any individual who nominated
an individual to be on an advisory board
or committee to the CFPB (CFPB board
or committee), served as a reference for
a CFPB board or committee nominee, or
was nominated to be on a CFPB board
or committee, is currently serving on a
CFPB board or committee, and/or has
VerDate Mar<15>2010
20:10 Feb 27, 2012
Jkt 226001
served on a CFPB board or committee
and is no longer serving. Board and
committee alternatives are also included
in this system. Individuals covered by
this system also will include any
individual, including the public, who,
upon invitation from the CFPB board or
committee, provided advice or
comments on issues or otherwise
interacted with the CFPB board or
committee.
CATEGORIES OF RECORDS IN THE SYSTEM:
Information maintained on
individuals who are past, present or
nominated members of CFPB boards or
committees will include: (1) Contact
information (i.e. name, business phone
number, email address); (2) travel
records, including dates, locations,
travel orders and travel vouchers; (3)
information relevant to a determination
of suitability for serving on the board or
committee, including but not limited to
social security number (SSN), place of
birth, date of birth, gender, education,
registration in professional societies,
work experience, record of performance,
publications authored, membership on
boards and committees, professional
awards, declaration of desire and
eligibility to serve, lobbyist registration,
prior criminal or terrorist activity, and
other information that can be used to
determine if the individual is fit to serve
on the board or committee; (4) financial
disclosure information for board or
committee members; (5) names of
nominee’s references and notes and
records of conversations with those
references; (6) miscellaneous
correspondence. Information
maintained on experts and consultants
invited to provide advice or comments
to a CFPB board or committee will
include: (1) Contact information (i.e.
name, business phone number, email
address); and (2) travel records,
including dates, locations, travel orders
and travel vouchers. Information
maintained on members of the public
invited to provide advice or comment or
otherwise interact with a CFPB board or
committee will include contact
information (i.e. name, business phone
number, email address).
AUTHORITY FOR MAINTENANCE OF THE SYSTEM:
Pub. L. 111–203, Title X, sections
1011, 1012, 1014, codified at 12 U.S.C.
5491, 5492, 5494.
PURPOSE(S):
The purpose of the system is to collect
and maintain information on CFPB
board or committee nominees and
members and those that may interact
with CFPB regarding the board or
committee. The records are used for
PO 00000
Frm 00035
Fmt 4703
Sfmt 4703
12035
administration of the committees or
boards, including the preparation of
minutes and reports; listings of past,
present, and recommended advisory
board or committee members; lists of
vacancies, acceptances, and separations;
and documentation of nominations.
ROUTINE USES OF RECORDS MAINTAINED IN THE
SYSTEM, INCLUDING CATEGORIES OF USERS AND
THE PURPOSES OF SUCH USES:
These records may be disclosed,
consistent with the CFPB’s rules relating
to Disclosure of Records and
Information, promulgated at 12 CFR
1070 et seq. to the following:
(1) Appropriate agencies, entities, and
persons when: (a) The CFPB suspects or
has confirmed that the security or
confidentiality of information in the
system of records has been
compromised; (b) the CFPB has
determined that, as a result of the
suspected or confirmed compromise,
there is a risk of harm to economic or
property interests, identity theft or
fraud, or harm to the security or
integrity of this system or other systems
or programs (whether maintained by the
CFPB or another agency or entity) that
rely upon the compromised
information; and (c) the disclosure made
to such agencies, entities, and persons is
reasonably necessary to assist in
connection with the CFPB’s efforts to
respond to the suspected or confirmed
compromise and prevent, minimize, or
remedy such harm;
(2) Another federal or state agency to
(a) permit a decision as to access,
amendment or correction of records to
be made in consultation with or by that
agency, or (b) verify the identity of an
individual or the accuracy of
information submitted by an individual
who has requested access to or
amendment or correction of records;
(3) To the Office of the President in
response to an inquiry from that office
made at the request of the subject of a
record or a third party on that person’s
behalf;
(4) Congressional offices in response
to an inquiry made at the request of the
individual to whom the record pertains;
(5) Contractors, agents, or other
authorized individuals performing work
on a contract, service, cooperative
agreement, job, or other activity on
behalf of the CFPB or Federal
Government and who have a need to
access the information in the
performance of their duties or activities;
(6) A court, magistrate, or
administrative tribunal in the course of
an administrative proceeding or judicial
proceeding, including disclosures to
opposing counsel or witnesses
(including expert witnesses) in the
E:\FR\FM\28FEN1.SGM
28FEN1
12036
Federal Register / Vol. 77, No. 39 / Tuesday, February 28, 2012 / Notices
course of discovery or other pre-hearing
exchanges of information, litigation, or
settlement negotiations, where relevant
or potentially relevant to a proceeding,
or in connection with criminal law
proceedings; and
(7) To the public in the form of
names, affiliations, and other pertinent
biographical information of board or
committee members.
POLICIES AND PRACTICES FOR STORING,
RETRIEVING, ACCESSING, RETAINING, AND
DISPENSING OF RECORDS IN THE SYSTEM:
Records are retrievable by the name of
the individual, SSN, or another personal
identifier.
SAFEGUARDS:
Access to electronic records is
restricted to authorized personnel who
have been issued non-transferrable
access codes and passwords. Other
records are maintained in locked file
cabinets or rooms with access limited to
those personnel whose official duties
require access.
RETENTION AND DISPOSAL:
The CFPB will maintain electronic
and paper records indefinitely until the
National Archives and Records
Administration (NARA) approves the
CFPB’s records disposition schedule.
SYSTEM MANAGER(S) AND ADDRESS:
Consumer Financial Protection
Bureau, Consumer Advisory Board
Manager, 1500 Pennsylvania Ave NW.
(Attn: 1801 L Street NW.), Washington,
DC 20220.
NOTIFICATION PROCEDURE:
Individuals seeking notification and
access to any record contained in this
system of records, or seeking to contest
its content, may inquire in writing in
accordance with instructions appearing
in Title 12, Chapter 10 of the CFR,
‘‘Disclosure of Records and
Information.’’ Address such requests to:
Chief Privacy Officer, Bureau of
Consumer Financial Protection, 1700 G
Street NW., Washington, DC 20552.
RECORD ACCESS PROCEDURES:
See ‘‘Notification Procedures’’ above.
tkelley on DSK3SPTVN1PROD with NOTICES
BILLING CODE 4810–AM–P
CORPORATION FOR NATIONAL AND
COMMUNITY SERVICE
Proposed Information Collection;
Comment Request
The Corporation for National
and Community Service (the
Corporation), as part of its continuing
effort to reduce paperwork and
respondent burden, conducts a preclearance consultation program to
provide the general public and federal
agencies with an opportunity to
comment on proposed and/or
continuing collections of information in
accordance with the Paperwork
Reduction Act of 1995 (PRA95) (44
U.S.C. Sec. 3506(c)(2)(A)). This program
helps to ensure that requested data can
be provided in the desired format,
reporting burden (time and financial
resources) is minimized, collection
instruments are clearly understood, and
the impact of collection requirement on
respondents can be properly assessed.
Currently, the Corporation is
soliciting comments concerning its
Segal AmeriCorps Education Award
Matching Program Commitment Form.
This form is submitted by colleges and
universities that provide incentives for
AmeriCorps alumni such as matching or
partially matching the AmeriCorps
Education Award that members receive
after successful completion of the
AmeriCorps program. Completion of
this information collection is required
for colleges and universities to obtain
approval for information on them to
appear on the Segal AmeriCorps
Education Awards section of the
Corporation for National and
Community Service Web site.
Copies of the information collection
request can be obtained by contacting
the office listed in the addresses section
of this notice.
DATES: Written comments must be
submitted to the individual and office
listed in the ADDRESSES section by April
30, 2012.
ADDRESSES: You may submit comments,
identified by the title of the information
collection activity, by any of the
following methods:
(1) By mail sent to: Corporation for
National and Community Service,
Calvin Dawson, Room 9106C, 1201 New
SUMMARY:
RETRIEVABILITY:
CONTESTING RECORD PROCEDURES:
See ‘‘Notification Procedures’’ above.
RECORD SOURCE CATEGORIES:
Information in this system is obtained
directly from the individual who is the
subject of these records.
Jkt 226001
[FR Doc. 2012–4697 Filed 2–27–12; 8:45 am]
Corporation for National and
Community Service.
ACTION: Notice.
Paper and electronic records.
20:10 Feb 27, 2012
None.
AGENCY:
STORAGE:
VerDate Mar<15>2010
EXEMPTIONS CLAIMED FOR THE SYSTEM:
PO 00000
Frm 00036
Fmt 4703
Sfmt 4703
York Avenue NW., Washington, DC
20525.
(2) By hand delivery or by courier to
the Corporation’s mailroom at Room
8100 at the mail address given in
paragraph (1) above, between 9 a.m. and
4 p.m. Eastern Time, Monday through
Friday, except Federal holidays.
(3) By fax to: (202) 606–3475 Calvin
Dawson, Program Specialist.
(4) Electronically through
cdawson@cns.gov or
www.regulations.gov. Individuals who
use a telecommunications device for the
deaf (TTY–TDD) may call 1–800–833–
3722 between 8 a.m. and 8 p.m. Eastern
Time, Monday through Friday.
FOR FURTHER INFORMATION CONTACT:
Calvin Dawson, 202–606–6897 or by
email at cdawson@cns.gov.
SUPPLEMENTARY INFORMATION: The
Corporation is particularly interested in
comments that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the Corporation, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are expected to respond, including the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology
(e.g., permitting electronic submissions
of responses).
Background
The information is provided by
colleges and universities who are
requesting to be listed on the Segal
AmeriCorps Education Award Matching
Program section of the Corporation for
National and Community Service Web
site. The information will be collected
electronically by the Corporation for
National and Community Service.
Current Action
This is a new information request.
The information collected will be used
to determine if colleges and universities
are eligible to be listed on the Segal
AmeriCorps Education Award Matching
Program section of the Corporation for
National and Community Service Web
site.
Type of Review: New.
E:\FR\FM\28FEN1.SGM
28FEN1
]]>Agencies
[Federal Register Volume 77, Number 39 (Tuesday, February 28, 2012)]
[Notices]
[Pages 12034-12036]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-4697]
-----------------------------------------------------------------------
THE BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2012-0008]
Privacy Act of 1974, as Amended
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice of Proposed Privacy Act System of Records.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Privacy Act of 1974, as amended, the
Bureau of Consumer Financial Protection (``CFPB'' or the ``Bureau'')
gives notice of the establishment of a Privacy Act System of Records.
DATES: Comments must be received no later than March 29, 2012. The new
system of records will be effective April 9, 2012, unless the comments
received result in a contrary determination.
ADDRESSES: You may submit comments, identified by Docket No. CFPB-2012-
0008, by any of the following methods:
Electronic: https://www.regulations.gov. Follow the
instructions for submitting comments.
Mail or Hand Delivery/Courier in Lieu of Mail: Claire
Stapleton, Chief Privacy Officer, Consumer Financial Protection Bureau,
1700 G Street NW., Washington, DC 20552.
All submissions must include the agency name and docket number for
this notice. 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 20552, on official business days between the hours of 10
a.m. and 5 p.m. Eastern Time. You can make an appointment to inspect
comments by telephoning (202) 435-7220. All comments, including
attachments and other supporting materials, will become part of the
public record and subject to public disclosure. You should submit only
information that you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT: Claire Stapleton, Chief Privacy
Officer, Consumer Financial Protection Bureau, 1700 G Street NW.,
Washington, DC 20552, (202) 435-7220.
SUPPLEMENTARY INFORMATION: The Dodd-Frank Wall Street Reform and
Consumer Protection Act (``Act''), Public Law 111-
[[Page 12035]]
203, Title X, established the CFPB to administer and enforce federal
consumer financial protection law. Section 1014 of the Act requires the
Director of the CBPB to establish a Consumer Advisory Board (CAB) to
advise and consult with the Bureau in the exercise of its functions
under the Federal consumer financial laws, and to provide information
on emerging practices in the consumer financial products or services
industry, including regional trends, concerns, and other relevant
information. The CFPB anticipates that it may establish additional
advisory boards, groups, or committees in the future to advise and
consult with the Bureau in the exercise of its functions.
The new system of records described in this notice ``CFPB.016-CFPB
Advisory Boards and Committees'' will maintain records concerning the
activities and operations of the CFPB's Advisory Boards and Committees,
including the CAB.
The report of the new system of records has been submitted to the
Committee on Oversight and Government Reform of the House of
Representatives, the Committee on Homeland Security and Governmental
Affairs of the Senate, and the Office of Management and Budget,
pursuant to Appendix I to OMB Circular A-130, ``Federal Agency
Responsibilities for Maintaining Records About Individuals,'' dated
November 30, 2000, and the Privacy Act, 5 U.S.C. 552a(r).
The system of records entitled ``CFPB.016--CFPB Advisory Boards and
Committees'' is published in its entirety below.
Dated: February 23, 2012.
Claire Stapleton,
Chief Privacy Officer.
CFPB.016
System Name:
CFPB Advisory Boards and Committees.
System Location:
Consumer Financial Protection Bureau, 1700 G Street NW., Washington
DC 20552.
Categories of individuals covered by the system:
Individuals covered by this system include any individual who
nominated an individual to be on an advisory board or committee to the
CFPB (CFPB board or committee), served as a reference for a CFPB board
or committee nominee, or was nominated to be on a CFPB board or
committee, is currently serving on a CFPB board or committee, and/or
has served on a CFPB board or committee and is no longer serving. Board
and committee alternatives are also included in this system.
Individuals covered by this system also will include any individual,
including the public, who, upon invitation from the CFPB board or
committee, provided advice or comments on issues or otherwise
interacted with the CFPB board or committee.
Categories of records in the system:
Information maintained on individuals who are past, present or
nominated members of CFPB boards or committees will include: (1)
Contact information (i.e. name, business phone number, email address);
(2) travel records, including dates, locations, travel orders and
travel vouchers; (3) information relevant to a determination of
suitability for serving on the board or committee, including but not
limited to social security number (SSN), place of birth, date of birth,
gender, education, registration in professional societies, work
experience, record of performance, publications authored, membership on
boards and committees, professional awards, declaration of desire and
eligibility to serve, lobbyist registration, prior criminal or
terrorist activity, and other information that can be used to determine
if the individual is fit to serve on the board or committee; (4)
financial disclosure information for board or committee members; (5)
names of nominee's references and notes and records of conversations
with those references; (6) miscellaneous correspondence. Information
maintained on experts and consultants invited to provide advice or
comments to a CFPB board or committee will include: (1) Contact
information (i.e. name, business phone number, email address); and (2)
travel records, including dates, locations, travel orders and travel
vouchers. Information maintained on members of the public invited to
provide advice or comment or otherwise interact with a CFPB board or
committee will include contact information (i.e. name, business phone
number, email address).
Authority for maintenance of the system:
Pub. L. 111-203, Title X, sections 1011, 1012, 1014, codified at 12
U.S.C. 5491, 5492, 5494.
Purpose(s):
The purpose of the system is to collect and maintain information on
CFPB board or committee nominees and members and those that may
interact with CFPB regarding the board or committee. The records are
used for administration of the committees or boards, including the
preparation of minutes and reports; listings of past, present, and
recommended advisory board or committee members; lists of vacancies,
acceptances, and separations; and documentation of nominations.
Routine uses of records maintained in the system, including categories
of users and the purposes of such uses:
These records may be disclosed, consistent with the CFPB's rules
relating to Disclosure of Records and Information, promulgated at 12
CFR 1070 et seq. to the following:
(1) Appropriate agencies, entities, and persons when: (a) The CFPB
suspects or has confirmed that the security or confidentiality of
information in the system of records has been compromised; (b) the CFPB
has determined that, as a result of the suspected or confirmed
compromise, there is a risk of harm to economic or property interests,
identity theft or fraud, or harm to the security or integrity of this
system or other systems or programs (whether maintained by the CFPB or
another agency or entity) that rely upon the compromised information;
and (c) the disclosure made to such agencies, entities, and persons is
reasonably necessary to assist in connection with the CFPB's efforts to
respond to the suspected or confirmed compromise and prevent, minimize,
or remedy such harm;
(2) Another federal or state agency to (a) permit a decision as to
access, amendment or correction of records to be made in consultation
with or by that agency, or (b) verify the identity of an individual or
the accuracy of information submitted by an individual who has
requested access to or amendment or correction of records;
(3) To the Office of the President in response to an inquiry from
that office made at the request of the subject of a record or a third
party on that person's behalf;
(4) Congressional offices in response to an inquiry made at the
request of the individual to whom the record pertains;
(5) Contractors, agents, or other authorized individuals performing
work on a contract, service, cooperative agreement, job, or other
activity on behalf of the CFPB or Federal Government and who have a
need to access the information in the performance of their duties or
activities;
(6) A court, magistrate, or administrative tribunal in the course
of an administrative proceeding or judicial proceeding, including
disclosures to opposing counsel or witnesses (including expert
witnesses) in the
[[Page 12036]]
course of discovery or other pre-hearing exchanges of information,
litigation, or settlement negotiations, where relevant or potentially
relevant to a proceeding, or in connection with criminal law
proceedings; and
(7) To the public in the form of names, affiliations, and other
pertinent biographical information of board or committee members.
Policies and practices for storing, retrieving, accessing, retaining,
and dispensing of records in the system:
Storage:
Paper and electronic records.
Retrievability:
Records are retrievable by the name of the individual, SSN, or
another personal identifier.
Safeguards:
Access to electronic records is restricted to authorized personnel
who have been issued non-transferrable access codes and passwords.
Other records are maintained in locked file cabinets or rooms with
access limited to those personnel whose official duties require access.
Retention and disposal:
The CFPB will maintain electronic and paper records indefinitely
until the National Archives and Records Administration (NARA) approves
the CFPB's records disposition schedule.
System manager(s) and address:
Consumer Financial Protection Bureau, Consumer Advisory Board
Manager, 1500 Pennsylvania Ave NW. (Attn: 1801 L Street NW.),
Washington, DC 20220.
Notification procedure:
Individuals seeking notification and access to any record contained
in this system of records, or seeking to contest its content, may
inquire in writing in accordance with instructions appearing in Title
12, Chapter 10 of the CFR, ``Disclosure of Records and Information.''
Address such requests to: Chief Privacy Officer, Bureau of Consumer
Financial Protection, 1700 G Street NW., Washington, DC 20552.
Record access procedures:
See ``Notification Procedures'' above.
Contesting record procedures:
See ``Notification Procedures'' above.
Record source categories:
Information in this system is obtained directly from the individual
who is the subject of these records.
Exemptions claimed for the system:
None.
[FR Doc. 2012-4697 Filed 2-27-12; 8:45 am]
BILLING CODE 4810-AM-P
