Fair Credit Reporting Act Disclosures, 20011-20012 [2012-7916]

Download as PDF Federal Register / Vol. 77, No. 64 / Tuesday, April 3, 2012 / Notices from 8 a.m. until 3 p.m. Eastern time. On-line registration for the workshop will close at 5 p.m. Eastern time on Friday, April 20, 2012. ADDRESSES: The public workshop will be held at The Curtis R. Priem Experimental Media and Performing Arts Center (EMPAC); Rensselaer Polytechnic Institute, Troy, NY, 12180. EMPAC is located at the corner of 8th Street and College Avenue, in Troy, NY. Members of the public wishing to attend the public workshop may register online at: http://events.energetics.com/ AMNPOimpact. registration information in the DATES and ADDRESSES sections above. See the link below for the announcements of additional workshops: See http://www.manufacturing.gov/ amp/ampevents.html. Future workshops will also be announced in the Federal Register. In the near future, the AMNPO plans to issue a Request for Information (RFI), seeking public comment on specific questions related to the structure and operations of the NNMI and IMIs. The RFI will be published in the Federal Register. Dr. Michael Schen at 301–975–6741 or by email at michael.schen@nist.gov; or Jacqueline Calhoun at 301–975–2555 or by email at jacqueline.calhoun@nist.gov. Additional information may be found at: See http://www.manufacturing.gov/amp/ event_042512.html for further details. SUPPLEMENTARY INFORMATION: Dated: March 28, 2012. Phillip Singerman, Associate Director for Innovation and Industry Services. FOR FURTHER INFORMATION CONTACT: mstockstill on DSK4VPTVN1PROD with NOTICES Legal Authority: 15 U.S.C. 272(b)(1). 16:19 Apr 02, 2012 Jkt 226001 BILLING CODE 3510–13–P BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No. CFPB–2012–0014] The proposed NNMI initiative focuses on strengthening and ensuring the longterm competitiveness and job-creating power of U.S. manufacturing. The constituent IMIs will bring together industry, universities and community colleges, federal agencies, and U.S. states to accelerate innovation by investing in industrially-relevant manufacturing technologies with broad applications to bridge the gap between basic research and product development, provide shared assets to help companies—particularly small manufacturers—access cutting-edge capabilities and equipment, and create an unparalleled environment to educate and train students and workers in advanced manufacturing skills. The President’s proposed FY 2013 budget includes $1 billion for this proposed initiative. Each IMI will serve as a regional hub of manufacturing excellence, providing the innovation infrastructure to support regional manufacturing and ensuring that our manufacturing sector is a key pillar in an economy that is built to last. Each IMI also will have a well-defined technology focus to address industrially-relevant manufacturing challenges on a large scale and to provide the capabilities and facilities required to reduce the cost and risk of commercializing new technologies. In his announcement, President Obama proposed building a national network consisting of up to 15 IMIs. Individuals planning to attend the public workshop must preregister. See VerDate Mar<15>2010 [FR Doc. 2012–7981 Filed 4–2–12; 8:45 am] RIN 3170–AA06 Fair Credit Reporting Act Disclosures Bureau of Consumer Financial Protection. ACTION: Notice regarding charges for certain disclosures under the Fair Credit Reporting Act. AGENCY: The Bureau of Consumer Financial Protection (‘‘Bureau’’) announces that the ceiling on allowable charges under Section 612(f) of the Fair Credit Reporting Act (‘‘FCRA’’) will increase from $11.00 to $11.50 effective April 3, 2012. The Bureau is required to increase the $8.00 amount referred to in Section 612(f)(1)(A)(i) of the FCRA on January 1 of each year, based proportionally on changes in the Consumer Price Index (‘‘CPI’’), with fractional changes rounded to the nearest fifty cents. The CPI increased 40.75 percent between September 1997, the date the FCRA amendments took effect, and September 2011. This increase in the CPI, and the requirement that any increase be rounded to the nearest fifty cents, results in a maximum allowable charge of $11.50. DATES: Effective April 3, 2012. FOR FURTHER INFORMATION CONTACT: Michael G. Silver, Counsel, Office of Regulations, Bureau of Consumer Financial Protection, 202–435–7700. SUPPLEMENTARY INFORMATION: Section 612(f)(1)(A) of the Fair Credit Reporting Act (the ‘‘FCRA’’) provides that a consumer reporting agency may charge SUMMARY: PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 20011 a consumer a reasonable amount for making a disclosure to the consumer pursuant to Section 609 of the FCRA.1 Section 612(f)(1)(A)(i) of the FCRA provides that, where a consumer reporting agency is permitted to impose a reasonable charge on a consumer for making a disclosure to the consumer pursuant to Section 609 of the FCRA, the charge shall not exceed $8.00 and shall be indicated to the consumer before making the disclosure. Section 612(f)(2) of the FCRA states that the Bureau shall increase the $8.00 maximum amount on January 1 of each year, based proportionally on changes in the Consumer Price Index, with fractional changes rounded to the nearest fifty cents. In 2011, the responsibility for performing this task was transferred from the Federal Trade Commission to the Bureau pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.2 Section 211(a)(2) of the Fair and Accurate Credit Transactions Act of 2003 (‘‘FACT Act’’) added a new Section 612(a) to the FCRA that gives consumers the right to request free annual disclosures once every 12 months. The maximum allowable charge established by this notice does not apply to requests made under that provision. The charge does apply when a consumer who orders a file disclosure has already received a free annual disclosure and does not otherwise qualify for an additional free disclosure. The Bureau is using the $8.00 amount set forth in Section 612(f)(1)(A)(i) of the FCRA as the baseline for its calculation of the increase in the ceiling on reasonable charges for certain disclosures made under Section 609 of the FCRA. Since the effective date of the amended FCRA was September 30, 1997, the Bureau calculated the proportional increase in the Consumer Price Index (using the most general CPI, which is for all urban consumers, all items) from September 1997 to September 2011. The Bureau then determined what modification, if any, from the original base of $8.00 should be made effective for 2012, given the requirement that fractional changes be rounded to the nearest fifty cents. Between September 1997 and September 2011, the Consumer Price Index for all urban consumers and all items increased by 40.75 percent—from 1 This provision, originally Section 612(a), was added to the FCRA in September 1996 and became effective in September 1997. It was relabeled Section 612(f) by Section 211(a)(1) of the Fair and Accurate Credit Transactions Act of 2003 (‘‘FACT Act’’), Public Law 108–159, which was signed into law on December 4, 2003. 2 Public Law 111–203, Title X, Section 1088. E:\FR\FM\03APN1.SGM 03APN1 20012 Federal Register / Vol. 77, No. 64 / Tuesday, April 3, 2012 / Notices an index value of 161.2 in September 1997 to a value of 226.889 in September 2011. An increase of 40.75 percent in the $8.00 base figure would lead to a new figure of $11.26. However, because the statute directs that the resulting figure be rounded to the nearest $0.50, the maximum allowable charge is $11.50. The Bureau therefore determines that the maximum allowable charge for the year 2012 will be $11.50, effective April 3, 2012. Dated: March 26, 2012. Richard Cordray, Director, Bureau of Consumer Financial Protection. [FR Doc. 2012–7916 Filed 4–2–12; 8:45 am] BILLING CODE 4810–AM–P DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0079; Docket 2012– 0076; Sequence 13] Federal Acquisition Regulation; Information Collection; Corporate Aircraft Costs Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice of request for public comments regarding an extension to an existing OMB clearance. AGENCY: Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat will be submitting to the Office of Management and Budget (OMB) a request to review and approve an extension of a previously approved information collection requirement concerning corporate aircraft costs. Public comments are particularly invited on: Whether this collection of information is necessary for the proper performance of functions of the FAR, and whether it will have practical utility; whether our estimate of the public burden of this collection of information is accurate, and based on valid assumptions and methodology; ways to enhance the quality, utility, and clarity of the information to be collected; and ways in which we can minimize the burden of the collection of information on those who are to respond, through the use of appropriate technological collection techniques or other forms of information technology. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:19 Apr 02, 2012 Jkt 226001 Submit comments on or before June 4, 2012. ADDRESSES: Submit comments identified by Information Collection 9000–0079, Corporate Aircraft Costs, by any of the following methods: • Regulations.gov: http:// www.regulations.gov. Submit comments via the Federal eRulemaking portal by inputting ‘‘Information Collection 9000–0079, Corporate Aircraft Costs’’ under the heading ‘‘Enter Keyword or ID’’ and selecting ‘‘Search’’. Select the link ‘‘Submit a Comment’’ that corresponds with ‘‘Information Collection 9000– 0079, Corporate Aircraft Costs’’. Follow the instructions provided at the ‘‘Submit a Comment’’ screen. Please include your name, company name (if any), and ‘‘Information Collection 9000–0079, Corporate Aircraft Costs’’ on your attached document. • Fax: 202–501–4067. • Mail: General Services Administration, Regulatory Secretariat (MVCB), 1275 First Street NE., Washington, DC 20417. ATTN: Hada Flowers/IC 9000–0079, Corporate Aircraft Costs. Instructions: Please submit comments only and cite Information Collection 9000–0079, Corporate Aircraft Costs, in all correspondence related to this collection. All comments received will be posted without change to http:// www.regulations.gov, including any personal and/or business confidential information provided. FOR FURTHER INFORMATION CONTACT: Edward Chambers, Contract Policy Division, GSA, (202) 501–3221 or via email edward.chambers@gsa.gov. SUPPLEMENTARY INFORMATION: DATES: A. Purpose Government contractors that use company aircraft must maintain logs of flights containing specified information (e.g., destination, passenger name, purpose of trip, etc.). This information, as required by FAR 31.205–46, Travel Costs, is used to ensure that costs of owned, leased or chartered aircraft are properly charged against Government contracts and that directly associated costs of unallowable activities are not charged to such contracts. B. Annual Reporting Burden Number of Respondents: 3,000. Responses per Respondent: 1. Total Responses: 3,000. Average Burden per Response: 6 hours. Total Burden Hours: 18,000. Obtaining Copies of Proposals: Requesters may obtain a copy of the PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 information collection documents from the General Services Administration, Regulatory Secretariat Division (MVCB), 1275 First Street NE., Washington, DC 20417, telephone (202) 501–4755. Please cite OMB Control No. 9000–0079, Corporate Aircraft Costs, in all correspondence. Dated: March 27, 2012. Laura Auletta, Director, Office of Governmentwide Acquisition Policy, Office of Acquisition Policy, Office of Governmentwide Policy. [FR Doc. 2012–7944 Filed 4–2–12; 8:45 am] BILLING CODE 6820–EP–P DEPARTMENT OF EDUCATION Arbitration Panel Decision Under the Randolph-Sheppard Act Department of Education. Notice of decision. AGENCY: ACTION: The Department of Education (Department) gives notice that, on May 23, 2011, an arbitration panel rendered a decision in the matter of Carole Morris v. Kentucky Office for the Blind, Case No. R–S/09–5. This panel was convened by the Department under the RandolphSheppard Act (Act) after the Department received a complaint filed by Carole Morris (Complainant). FOR FURTHER INFORMATION CONTACT: You may obtain a copy of the full text of the arbitration panel decision from Mary Yang, U.S. Department of Education, 400 Maryland Avenue SW., room 5162, Potomac Center Plaza, Washington, DC 20202–2800. Telephone: (202) 245– 6327. If you use a telecommunications device for the deaf (TDD), call the Federal Relay Service (FRS), toll-free, at 1–800–877–8339. Individuals with disabilities can obtain this document in an accessible format (e.g., braille, large print, audiotape, or compact disc) on request to the contact person listed under FOR FURTHER INFORMATION CONTACT. SUPPLEMENTARY INFORMATION: Under section 6(c) of the Act, 20 U.S.C. 107d– 2(c), the Secretary publishes in the Federal Register a synopsis of each arbitration panel decision affecting the administration of vending facilities on Federal and other property. SUMMARY: Background Complainant alleged that the Kentucky Office for the Blind, the State licensing agency (SLA), violated the Act and its implementing regulations in 34 CFR part 395. Complainant alleged that the SLA violated the Act, implementing regulations and State rules and E:\FR\FM\03APN1.SGM 03APN1

Agencies

[Federal Register Volume 77, Number 64 (Tuesday, April 3, 2012)]
[Notices]
[Pages 20011-20012]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-7916]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2012-0014]
RIN 3170-AA06


Fair Credit Reporting Act Disclosures

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice regarding charges for certain disclosures under the Fair 
Credit Reporting Act.

-----------------------------------------------------------------------

SUMMARY: The Bureau of Consumer Financial Protection (``Bureau'') 
announces that the ceiling on allowable charges under Section 612(f) of 
the Fair Credit Reporting Act (``FCRA'') will increase from $11.00 to 
$11.50 effective April 3, 2012. The Bureau is required to increase the 
$8.00 amount referred to in Section 612(f)(1)(A)(i) of the FCRA on 
January 1 of each year, based proportionally on changes in the Consumer 
Price Index (``CPI''), with fractional changes rounded to the nearest 
fifty cents. The CPI increased 40.75 percent between September 1997, 
the date the FCRA amendments took effect, and September 2011. This 
increase in the CPI, and the requirement that any increase be rounded 
to the nearest fifty cents, results in a maximum allowable charge of 
$11.50.

DATES: Effective April 3, 2012.

FOR FURTHER INFORMATION CONTACT: Michael G. Silver, Counsel, Office of 
Regulations, Bureau of Consumer Financial Protection, 202-435-7700.

SUPPLEMENTARY INFORMATION: Section 612(f)(1)(A) of the Fair Credit 
Reporting Act (the ``FCRA'') provides that a consumer reporting agency 
may charge a consumer a reasonable amount for making a disclosure to 
the consumer pursuant to Section 609 of the FCRA.\1\ Section 
612(f)(1)(A)(i) of the FCRA provides that, where a consumer reporting 
agency is permitted to impose a reasonable charge on a consumer for 
making a disclosure to the consumer pursuant to Section 609 of the 
FCRA, the charge shall not exceed $8.00 and shall be indicated to the 
consumer before making the disclosure. Section 612(f)(2) of the FCRA 
states that the Bureau shall increase the $8.00 maximum amount on 
January 1 of each year, based proportionally on changes in the Consumer 
Price Index, with fractional changes rounded to the nearest fifty 
cents. In 2011, the responsibility for performing this task was 
transferred from the Federal Trade Commission to the Bureau pursuant to 
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 
2010.\2\
---------------------------------------------------------------------------

    \1\ This provision, originally Section 612(a), was added to the 
FCRA in September 1996 and became effective in September 1997. It 
was relabeled Section 612(f) by Section 211(a)(1) of the Fair and 
Accurate Credit Transactions Act of 2003 (``FACT Act''), Public Law 
108-159, which was signed into law on December 4, 2003.
    \2\ Public Law 111-203, Title X, Section 1088.
---------------------------------------------------------------------------

    Section 211(a)(2) of the Fair and Accurate Credit Transactions Act 
of 2003 (``FACT Act'') added a new Section 612(a) to the FCRA that 
gives consumers the right to request free annual disclosures once every 
12 months. The maximum allowable charge established by this notice does 
not apply to requests made under that provision. The charge does apply 
when a consumer who orders a file disclosure has already received a 
free annual disclosure and does not otherwise qualify for an additional 
free disclosure.
    The Bureau is using the $8.00 amount set forth in Section 
612(f)(1)(A)(i) of the FCRA as the baseline for its calculation of the 
increase in the ceiling on reasonable charges for certain disclosures 
made under Section 609 of the FCRA. Since the effective date of the 
amended FCRA was September 30, 1997, the Bureau calculated the 
proportional increase in the Consumer Price Index (using the most 
general CPI, which is for all urban consumers, all items) from 
September 1997 to September 2011. The Bureau then determined what 
modification, if any, from the original base of $8.00 should be made 
effective for 2012, given the requirement that fractional changes be 
rounded to the nearest fifty cents.
    Between September 1997 and September 2011, the Consumer Price Index 
for all urban consumers and all items increased by 40.75 percent--from

[[Page 20012]]

an index value of 161.2 in September 1997 to a value of 226.889 in 
September 2011. An increase of 40.75 percent in the $8.00 base figure 
would lead to a new figure of $11.26. However, because the statute 
directs that the resulting figure be rounded to the nearest $0.50, the 
maximum allowable charge is $11.50. The Bureau therefore determines 
that the maximum allowable charge for the year 2012 will be $11.50, 
effective April 3, 2012.

    Dated: March 26, 2012.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2012-7916 Filed 4-2-12; 8:45 am]
BILLING CODE 4810-AM-P