Impact of Overdraft Programs on Consumers, 24687 [2012-9851]

Download as PDF Federal Register / Vol. 77, No. 80 / Wednesday, April 25, 2012 / Notices A five-year permit has been issued to the SWFSC to continue long-term monitoring of the status of leatherback sea turtles off the coasts of California, Oregon, and Washington. The purpose of the work is to identify critical forage habitats, genetic stock structure, migratory corridors, and potential fishery impacts for leatherbacks. Sea turtles would be located by aerial surveys and approached by vessel for remote tissue sampling and transmitter attachment. A subset of animals would be captured by breakaway hoopnet for additional observation, sampling, marking and/or tagging procedures before release. Issuance of this permit, as required by the ESA, was based on a finding that such permit (1) Was applied for in good faith, (2) will not operate to the disadvantage of such endangered or threatened species, and (3) is consistent with the purposes and policies set forth in section 2 of the ESA. Dated: April 20, 2012. Tammy C. Adams, Acting Chief, Permits and Conservation Division, Office of Protected Resources, National Marine Fisheries Service. [FR Doc. 2012–9962 Filed 4–24–12; 8:45 am] BILLING CODE 3510–22–P BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No. CFPB–2012–0007] Impact of Overdraft Programs on Consumers Bureau of Consumer Financial Protection. ACTION: Notice and request for information; extension of comment period. AGENCY: On February 28, 2012, the Bureau of Consumer Financial Protection (the Bureau) published in the Federal Register a notice and request for information regarding the impacts of overdraft programs on consumers (the Overdraft Notice). The Overdraft Notice allowed a 60-day comment period, closing on April 30, 2012. To allow parties more time to consider and craft their responses, the Bureau has determined that an extension of the comment period until June 29, 2012, is appropriate. DATES: The comment period for the Overdraft Notice published February 28, 2012, at 77 FR 12031, is extended. Responses must now be received on or before June 29, 2012. ADDRESSES: You may submit comments by any of the following methods: pmangrum on DSK3VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 15:14 Apr 24, 2012 Jkt 226001 • http://www.regulations.gov. Follow the instructions for submitting comments. • Email: cfpb_overdraft_comments@cfpb.gov. • Mail/Hand Delivery/Courier: Monica Jackson, Office of the Executive Secretary, Bureau of Consumer Financial Protection, 1700 G Street NW., Washington, DC 20552. Instructions: Please submit your comments or responses using only one method. The Bureau encourages the early submission of comments. All submissions must include the document title and docket number. Please note the number of any question to which you are responding at the top of each response (respondents need not answer each question). In general, all comments received will be posted without change to http://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 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: For general inquiries, submission process questions, or any additional information, please contact Monica Jackson, Office of the Executive Secretary, 202–435–7275. SUPPLEMENTARY INFORMATION: On February 28, 2012, the Bureau published the Overdraft Notice in the Federal Register.1 The Overdraft Notice requested information from the public regarding overdraft programs and their costs, benefits, and risks to consumers. The Overdraft Notice posed several questions to understand: • Lower cost alternatives to overdraft protection programs; • Consumer alerts and information provided regarding balances and overdraft triggers; • Impacts of changes to Regulation DD, Regulation E, and Overdraft opt-in rates; • Impacts of changes in financial institutions’ operating policies; • The economics of overdraft programs; and • Long-term impacts on Consumers. 1 77 PO 00000 FR 12031. Frm 00017 Fmt 4703 Sfmt 4703 24687 The comment period for the Overdraft Notice was to close on April 30, 2012. The Bureau received written requests from two industry trade groups for an extension of the Overdraft Notice comment period.2 The request letters indicated more time would enable a higher quality response and yield greater insight to the Bureau. The letters also pointed out that the Bureau’s study of overdrafts is not governed by a statutory deadline. The Bureau believes that it is important to allow interested persons more time to consider the issues raised in the Overdraft Notice and prepare their responses. Accordingly, the Bureau is extending the period allotted for comments received pursuant to the Overdraft Notice. The comment period will now close on June 29, 2012. Dated: April 18, 2012. Richard Cordray, Director, Bureau of Consumer Financial Protection. [FR Doc. 2012–9851 Filed 4–24–12; 8:45 am] BILLING CODE 4810–AM–P COORDINATING COUNCIL ON JUVENILE JUSTICE AND DELINQUENCY PREVENTION [OJP (OJJDP) Docket No. 1587] Meeting of the Coordinating Council on Juvenile Justice and Delinquency Prevention Coordinating Council on Juvenile Justice and Delinquency Prevention. ACTION: Notice of meeting. AGENCY: The Coordinating Council on Juvenile Justice and Delinquency Prevention (Council) announces its next meeting. DATES: Friday, May 11, 2012 from 10 a.m. to 12:15 p.m. ADDRESSES: The meeting will take place in the third floor main conference room at the U.S. Department of Justice, Office of Justice Programs, 810 7th St. NW., Washington, DC 20531. FOR FURTHER INFORMATION CONTACT: Visit the Web site for the Coordinating Council at www.juvenilecouncil.gov or contact Robin Delany-Shabazz, Designated Federal Official, by telephone at 202–307–9963 [Note: this is not a toll-free telephone number], or SUMMARY: 2 Letter to Monica Jackson (Mar. 30, 2012), signed by Richard M. Whiting, Executive Director & General Counsel of the Financial Services Roundtable; letter to David Silberman (Apr. 10, 2012), signed by Richard R. Riese, Senior Vice President, Center for Regulatory Compliance, American Bankers Association. E:\FR\FM\25APN1.SGM 25APN1

Agencies

[Federal Register Volume 77, Number 80 (Wednesday, April 25, 2012)]
[Notices]
[Page 24687]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-9851]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2012-0007]


Impact of Overdraft Programs on Consumers

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for information; extension of comment 
period.

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SUMMARY: On February 28, 2012, the Bureau of Consumer Financial 
Protection (the Bureau) published in the Federal Register a notice and 
request for information regarding the impacts of overdraft programs on 
consumers (the Overdraft Notice). The Overdraft Notice allowed a 60-day 
comment period, closing on April 30, 2012. To allow parties more time 
to consider and craft their responses, the Bureau has determined that 
an extension of the comment period until June 29, 2012, is appropriate.

DATES: The comment period for the Overdraft Notice published February 
28, 2012, at 77 FR 12031, is extended. Responses must now be received 
on or before June 29, 2012.

ADDRESSES: You may submit comments by any of the following methods:
     http://www.regulations.gov. Follow the instructions for 
submitting comments.
     Email: cfpb_overdraft_comments@cfpb.gov.
     Mail/Hand Delivery/Courier: Monica Jackson, Office of the 
Executive Secretary, Bureau of Consumer Financial Protection, 1700 G 
Street NW., Washington, DC 20552.
    Instructions: Please submit your comments or responses using only 
one method. The Bureau encourages the early submission of comments. All 
submissions must include the document title and docket number. Please 
note the number of any question to which you are responding at the top 
of each response (respondents need not answer each question). In 
general, all comments received will be posted without change to http://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 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: For general inquiries, submission 
process questions, or any additional information, please contact Monica 
Jackson, Office of the Executive Secretary, 202-435-7275.

SUPPLEMENTARY INFORMATION: On February 28, 2012, the Bureau published 
the Overdraft Notice in the Federal Register.\1\ The Overdraft Notice 
requested information from the public regarding overdraft programs and 
their costs, benefits, and risks to consumers. The Overdraft Notice 
posed several questions to understand:
---------------------------------------------------------------------------

    \1\ 77 FR 12031.
---------------------------------------------------------------------------

     Lower cost alternatives to overdraft protection programs;
     Consumer alerts and information provided regarding 
balances and overdraft triggers;
     Impacts of changes to Regulation DD, Regulation E, and 
Overdraft opt-in rates;
     Impacts of changes in financial institutions' operating 
policies;
     The economics of overdraft programs; and
     Long-term impacts on Consumers.
    The comment period for the Overdraft Notice was to close on April 
30, 2012.
    The Bureau received written requests from two industry trade groups 
for an extension of the Overdraft Notice comment period.\2\ The request 
letters indicated more time would enable a higher quality response and 
yield greater insight to the Bureau. The letters also pointed out that 
the Bureau's study of overdrafts is not governed by a statutory 
deadline.
---------------------------------------------------------------------------

    \2\ Letter to Monica Jackson (Mar. 30, 2012), signed by Richard 
M. Whiting, Executive Director & General Counsel of the Financial 
Services Roundtable; letter to David Silberman (Apr. 10, 2012), 
signed by Richard R. Riese, Senior Vice President, Center for 
Regulatory Compliance, American Bankers Association.
---------------------------------------------------------------------------

    The Bureau believes that it is important to allow interested 
persons more time to consider the issues raised in the Overdraft Notice 
and prepare their responses. Accordingly, the Bureau is extending the 
period allotted for comments received pursuant to the Overdraft Notice. 
The comment period will now close on June 29, 2012.

    Dated: April 18, 2012.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2012-9851 Filed 4-24-12; 8:45 am]
BILLING CODE 4810-AM-P