Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 43239-43241 [2013-17345]

Download as PDF Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Request for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. SUPPLEMENTARY INFORMATION: emcdonald on DSK67QTVN1PROD with NOTICES I. Abstract and Request for Comments NCUA is amending/reinstating the collection for 3133–0101. Part 723 of NCUA’s regulations implements provisions in the Federal Credit Union Act (Act) for business loans and addresses NCUA’s safety and soundness concerns regarding this activity. Part 723 requires that credit unions that engage in business lending maintain written loan policies that address various aspects of the activity, including identification of the types of business loans the credit union will make, qualifications of loan officers, documentation requirements for creditworthiness of borrowers, collateral requirements, loan procedures, interest rates and maturities, and so forth. 12 CFR 723.6. Business lending is recognized as inherently riskier than consumer lending and requires particular expertise. Before promulgation of the member business loan regulation in the 1980s, business loans caused significant losses to the credit unions and the National Credit Union Share Insurance Fund (NCUSIF). Requiring federally-insured credit unions to develop specific business loan policies and procedures protects the safety and soundness of credit unions and the NCUSIF. Part 723 also permits credit unions to apply for a waiver from certain regulatory requirements. 12 CFR 723.10.11. Specifically, the rule permits waivers from the following requirements or limitations: appraisal requirements, aggregate construction and development loan limits, minimum borrower equity requirements for construction and development loans, loan-to-value ratios, personal liability and guarantee requirements, unsecured lending limits to one borrower, aggregate unsecured lending limits, and outstanding loans to one borrower limits. NCUA needs certain information from a credit union to consider the waiver request and evaluate the risks and impact of the waiver on the credit union and potential effect on the NCUSIF. VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 Finally, Part 723 permits a credit union to obtain regulatory approval so that it may purchase certain business purpose loans in addition to those which are statutorily limited. 12 CFR 723.16(b)(2). NCUA needs certain information from a credit union to evaluate its request so that NCUA may assess safety and soundness considerations and potential effect on the NCUSIF. NCUA examiners review the credit union policies during regulatory examinations. These reviews allow examiners to determine the appropriateness and risks of the programs they address for both the credit union and the NCUSIF. Written policies enable examiners to determine that the credit union is, in fact, following its own business planning in engaging member business lending. As part of the examination process, this review helps prevent losses to credit unions and the NCUSIF. For waiver requests, the information in the requests permits NCUA staff to make a reasonable determination of the appropriateness of the requests. For loan approval requests, the information in the requests permits NCUA staff to determine the appropriateness and risks of the loan purchases the credit union proposes for both the credit union and the NCUSIF. An increase in the reporting burden from the prior submission occurred due to an adjustment to the estimated responses based upon current credit union activity. While the number of respondents decreased, the estimated waiver activity increased resulting in an overall increase in annual response hours. The NCUA requests that you send your comments on this collection to the location listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. II. Data OMB Number: 3133–0101. PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 43239 Form Number: N/A. Type of Review: Reinstatement, without change. Title: 12 CFR Parts 723.5—Develop written loan policies—and 723.11— Provide waiver requests. Description: The general purpose of the requirements imposed by the rule is to ensure that loans are made, documented, and accounted for properly and for the ultimate protection of the National Credit Union Share Insurance Fund. Respondents are federally insured credit unions who make business loans as defined in the regulation. Respondents: Federally Insured Credit Unions. Estimated No. of Respondents/ Recordkeepers: 1,116. Estimated Burden Hours per Response: 4–17 hours. Frequency of Response: Recordkeeping, reporting and on occasion. Estimated Total Annual Burden Hours: 9,492 hours. Estimated Total Annual Cost: $0. By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17342 Filed 7–18–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. The collection requires each Federal Credit Union (FCU) to establish reasonable policies and procedures for implementing the guidelines to identify possible risks to account holders or customers or to the safety and soundness of the institution or creditor (Red Flag Regulations). Each FCU is also required to develop an Identity Theft Prevention Program, provide staff training, and report to the board of directors, a committee thereof, or senior SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1 43240 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices emcdonald on DSK67QTVN1PROD with NOTICES management at least annually. In addition, credit and debit card issuers are generally required to assess the validity of change of address requests. DATES: Comments will be accepted until September 17, 2013. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. E&I Contact: Program Officer Judy Graham eimail@ncua.gov, 703– 518–6360. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments NCUA is reinstating and amending/ the collection for 3133–0175. This collection of information is required by sections 114 and 315 of the FACT Act. The NCUA is renewing its collection and removing the burden attributable to the portion of the regulations transferred to the Bureau of Consumer Financial Protection (CFPB) pursuant to title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203, 124 Stat. 1955, July 21, 2010 (Dodd-Frank Act), and republished as CFPB regulations (76 FR 79308 (December 21, 2011)). The transferred regulations, which relate to address discrepancies, were found at 12 CFR part 717, and are now contained in 12 CFR 1022.82. The burden estimates for this portion of the collection have been revised to remove the burden attributable to NCUA-regulated credit unions with over $10 billion in total assets, now carried by CFPB pursuant to section 1025 of the Dodd-Frank Act. The NCUA retains enforcement authority under 12 CFR 1022.82 for its institutions with total assets of $10 billion or less. As required by section 114 of the FACT Act, appendix J to 12 CFR part 717 contains guidelines for financial institutions and creditors to use in identifying patterns, practices, and VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 specific forms of activity that indicate the possible existence of identity theft. In addition, 12 CFR 717.90 requires each financial institution or creditor to establish reasonable policies and procedures to address the risk of identity theft that incorporate the guidelines. Pursuant to section 717.91, credit card and debit card issuers must implement reasonable policies and procedures to assess the validity of a request for a change of address under certain circumstances. Section 717.90 requires each NCUA regulated FCUs that offers or maintains one or more covered accounts to develop and implement a written Identity Theft Prevention Program (Program). In developing the Program, financial institutions and creditors are required to consider the guidelines in appendix J and include those that are appropriate. The initial Program must be approved by the board of directors or an appropriate committee thereof. The board, an appropriate committee thereof, or a designated employee at the level of senior management must be involved in the oversight of the Program. In addition, staff members must be trained to carry out the Program. Pursuant to section 717.91, each credit and debit card issuer is required to establish and implement policies and procedures to assess the validity of a change of address request under certain circumstances. Before issuing an additional or replacement card, the card issuer must notify the cardholder or use another means to assess the validity of the change of address. As required by section 315 of the FACT Act, section 1022.82 requires users of consumer reports to have reasonable policies and procedures that must be followed when a user receives a notice of address discrepancy from a credit reporting agency (CRA). Section 1022.82 requires each user of consumer reports to develop and implement reasonable policies and procedures designed to enable the user to form a reasonable belief that a consumer report relates to the consumer about whom it requested the report when it receives a notice of address discrepancy from a CRA. A user of consumer reports also must develop and implement reasonable policies and procedures for furnishing an address for the consumer that the user has reasonably confirmed to be accurate to the CRA from which it receives a notice of address discrepancy when the user can: (1) Form a reasonable belief that the consumer report relates to the consumer about whom the user has requested the report; (2) establish a continuing PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 relationship with the consumer and; (3) establish that it regularly and in the ordinary course of business furnishes information to the CRA from which it received the notice of address discrepancy. Burden estimate: The hourly burden increased despite a decline in respondents due to an increase in the estimated processing times. NCUA estimates 4,206 respondents with assets of $10 million or less. Each FCU requires 111 hours annually for a total of 466,866 hours annually. NCUA estimates of the 4,206 annual respondents annually, 2 are new FCUs requiring a one-time additional 250 hours for program development. New FCUs incur an additional 500 hours annually. NCUA’s estimated total annual burden is 467,366 hours. Based upon the 111 hours for the annual program and additional 250 hours for new FCU program development. The NCUA requests that you send your comments on this collection to the location listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden hours of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. II. Data Title: Identity Theft Red Flags and Address Discrepancies under the FACT Act of 2003 (FACTA), 12 CFR Part 717. OMB Number: 3133–0175. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: The NCUA and other agencies published a rule to implement sections 114 and 315 of the FACTA by proposing guidelines for identifying patterns, practices and specific forms of activity indicative of possible identity theft. 71 FR 63718 (Nov. 9, 2007). The Agencies also issued regulations that would require financial institutions and creditors to establish policies and procedures to implement the guidelines, including assessing the validity of E:\FR\FM\19JYN1.SGM 19JYN1 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices address change requests. Pursuant to title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203, 124 Stat. 1955, July 21, 2010 (Dodd-Frank Act), the Bureau of Consumer Financial Protection (CFPB) reissued its portion of the regulation as CFPB regulations (76 FR 79308 (December 21, 2011)). Respondents: Federal Credit Unions. Estimated No. of Respondents/Record keepers: 4,206. Estimated Burden Hours per Response: 111 hours. Frequency of Response: Initial and Annual. Estimated Total Annual Burden Hours: 467,366 Estimated Total Annual Cost: N/A. By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17345 Filed 7–18–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. chapter 35). This information collection is published to obtain comments from the public. Part 741, Section 741.11 of the NCUA Rules and Regulations contains a provision that any insured credit union must apply for and receive approval from the regional director before establishing a credit union branch outside the United States unless the foreign branch is located on a United States military institution or embassy outside the United States. DATES: Comments will be accepted until September 17, 2013. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. emcdonald on DSK67QTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments NCUA is amending/reinstating the collection for 3133–0167. The collection of information requirement is that any insured credit union must apply for and receive approval from the NCUA Regional Director before establishing a credit union branch outside the United States unless the foreign branch is located on a United States military institution or embassy outside the United States. The application must include (1) a business plan, (2) written approval by the state supervisory agency if the applicant is a state-chartered credit union, and (3) documentation evidencing written permission from the host country to establish the branch that explicitly recognizes NCUA’s authority to examine and take any enforcement actions, including conservatorship and liquidation actions. There is no change to the burden hours from previous submissions. The NCUA requests that you send your comments on this collection to the location listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. II. Data Title: 12 CFR part 741.11 of NCUA’s Rules and Regulations, Foreign Branching. OMB Number: 3133–0167. PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 43241 Form Number: None. Type of Review: Reinstatement, without change, of a previously approved collection. Description: Part 741.11 contains a provision that any insured credit union must apply for and receive approval from the NCUA Regional Director before establishing a credit union branch outside the United States unless the foreign branch is located on a United States military institution or embassy outside the United States. The application must include (1) a business plan, (2) written approval by the state supervisory agency if the applicant is a state-chartered credit union, and (3) documentation evidencing written permission from the host country to establish the branch that explicitly recognizes NCUA’s authority to examine and take any enforcement actions, to include conservatorship and liquidation actions. Estimated No. of Respondents/ Recordkeepers: 3. Estimated Burden Hours per Response: 16 hours. Frequency of Response: Reporting and other (one time only). Estimated Total Annual Burden Hours: 48. Estimated Total Annual Cost: $ 1,488. By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17339 Filed 7–18–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. chapter 35). This information collection is published to obtain comments from the public and is required under Section 205 of the Federal Credit Union Act (FCU Act) to allow federally-insured credit unions (FICUs) to purchase assets or assume liabilities of privately-insured credit unions, other financial institutions, or their successor in interest. SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1

Agencies

[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Pages 43239-43241]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17345]


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

NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, With Change, of a Previously Approved Collection; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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

SUMMARY: The NCUA intends to submit the following information 
collection to the Office of Management and Budget (OMB) for review and 
clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 
U.S.C. Chapter 35). This information collection is published to obtain 
comments from the public. The collection requires each Federal Credit 
Union (FCU) to establish reasonable policies and procedures for 
implementing the guidelines to identify possible risks to account 
holders or customers or to the safety and soundness of the institution 
or creditor (Red Flag Regulations). Each FCU is also required to 
develop an Identity Theft Prevention Program, provide staff training, 
and report to the board of directors, a committee thereof, or senior

[[Page 43240]]

management at least annually. In addition, credit and debit card 
issuers are generally required to assess the validity of change of 
address requests.

DATES: Comments will be accepted until September 17, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Contact and the OMB Reviewer listed below:
    NCUA Contact: Tracy Crews, National Credit Union Administration, 
1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-
2861, Email: OCIOPRA@ncua.gov.
    OMB Contact: Office of Management and Budget, ATTN: Desk Officer 
for the National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, a 
copy of the information collection request, or a copy of submitted 
comments should be directed to Tracy Crews at the National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at 
(703) 518-6444. E&I Contact: Program Officer Judy Graham 
eimail@ncua.gov, 703-518-6360.

SUPPLEMENTARY INFORMATION:

I. Abstract and Request for Comments

    NCUA is reinstating and amending/the collection for 3133-0175. This 
collection of information is required by sections 114 and 315 of the 
FACT Act. The NCUA is renewing its collection and removing the burden 
attributable to the portion of the regulations transferred to the 
Bureau of Consumer Financial Protection (CFPB) pursuant to title X of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public 
Law 111-203, 124 Stat. 1955, July 21, 2010 (Dodd-Frank Act), and 
republished as CFPB regulations (76 FR 79308 (December 21, 2011)). The 
transferred regulations, which relate to address discrepancies, were 
found at 12 CFR part 717, and are now contained in 12 CFR 1022.82. The 
burden estimates for this portion of the collection have been revised 
to remove the burden attributable to NCUA-regulated credit unions with 
over $10 billion in total assets, now carried by CFPB pursuant to 
section 1025 of the Dodd-Frank Act. The NCUA retains enforcement 
authority under 12 CFR 1022.82 for its institutions with total assets 
of $10 billion or less.
    As required by section 114 of the FACT Act, appendix J to 12 CFR 
part 717 contains guidelines for financial institutions and creditors 
to use in identifying patterns, practices, and specific forms of 
activity that indicate the possible existence of identity theft. In 
addition, 12 CFR 717.90 requires each financial institution or creditor 
to establish reasonable policies and procedures to address the risk of 
identity theft that incorporate the guidelines. Pursuant to section 
717.91, credit card and debit card issuers must implement reasonable 
policies and procedures to assess the validity of a request for a 
change of address under certain circumstances.
    Section 717.90 requires each NCUA regulated FCUs that offers or 
maintains one or more covered accounts to develop and implement a 
written Identity Theft Prevention Program (Program). In developing the 
Program, financial institutions and creditors are required to consider 
the guidelines in appendix J and include those that are appropriate. 
The initial Program must be approved by the board of directors or an 
appropriate committee thereof. The board, an appropriate committee 
thereof, or a designated employee at the level of senior management 
must be involved in the oversight of the Program. In addition, staff 
members must be trained to carry out the Program. Pursuant to section 
717.91, each credit and debit card issuer is required to establish and 
implement policies and procedures to assess the validity of a change of 
address request under certain circumstances. Before issuing an 
additional or replacement card, the card issuer must notify the 
cardholder or use another means to assess the validity of the change of 
address.
    As required by section 315 of the FACT Act, section 1022.82 
requires users of consumer reports to have reasonable policies and 
procedures that must be followed when a user receives a notice of 
address discrepancy from a credit reporting agency (CRA).
    Section 1022.82 requires each user of consumer reports to develop 
and implement reasonable policies and procedures designed to enable the 
user to form a reasonable belief that a consumer report relates to the 
consumer about whom it requested the report when it receives a notice 
of address discrepancy from a CRA. A user of consumer reports also must 
develop and implement reasonable policies and procedures for furnishing 
an address for the consumer that the user has reasonably confirmed to 
be accurate to the CRA from which it receives a notice of address 
discrepancy when the user can: (1) Form a reasonable belief that the 
consumer report relates to the consumer about whom the user has 
requested the report; (2) establish a continuing relationship with the 
consumer and; (3) establish that it regularly and in the ordinary 
course of business furnishes information to the CRA from which it 
received the notice of address discrepancy.
    Burden estimate: The hourly burden increased despite a decline in 
respondents due to an increase in the estimated processing times. NCUA 
estimates 4,206 respondents with assets of $10 million or less. Each 
FCU requires 111 hours annually for a total of 466,866 hours annually.
    NCUA estimates of the 4,206 annual respondents annually, 2 are new 
FCUs requiring a one-time additional 250 hours for program development. 
New FCUs incur an additional 500 hours annually.
    NCUA's estimated total annual burden is 467,366 hours. Based upon 
the 111 hours for the annual program and additional 250 hours for new 
FCU program development.
    The NCUA requests that you send your comments on this collection to 
the location listed in the addresses section. Your comments should 
address: (a) The necessity of the information collection for the proper 
performance of NCUA, including whether the information will have 
practical utility; (b) the accuracy of our estimate of the burden hours 
of the collection of information, including the validity of the 
methodology and assumptions used; (c) ways we could enhance the 
quality, utility, and clarity of the information to be collected; and 
(d) ways we could minimize the burden of the collection of the 
information on the respondents such as through the use of automated 
collection techniques or other forms of information technology. It is 
NCUA's policy to make all comments available to the public for review.

II. Data

    Title: Identity Theft Red Flags and Address Discrepancies under the 
FACT Act of 2003 (FACTA), 12 CFR Part 717.
    OMB Number: 3133-0175.
    Form Number: None.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: The NCUA and other agencies published a rule to 
implement sections 114 and 315 of the FACTA by proposing guidelines for 
identifying patterns, practices and specific forms of activity 
indicative of possible identity theft. 71 FR 63718 (Nov. 9, 2007). The 
Agencies also issued regulations that would require financial 
institutions and creditors to establish policies and procedures to 
implement the guidelines, including assessing the validity of

[[Page 43241]]

address change requests. Pursuant to title X of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act, Public Law 111-203, 124 
Stat. 1955, July 21, 2010 (Dodd-Frank Act), the Bureau of Consumer 
Financial Protection (CFPB) reissued its portion of the regulation as 
CFPB regulations (76 FR 79308 (December 21, 2011)).
    Respondents: Federal Credit Unions.
    Estimated No. of Respondents/Record keepers: 4,206.
    Estimated Burden Hours per Response: 111 hours.
    Frequency of Response: Initial and Annual.
    Estimated Total Annual Burden Hours: 467,366
    Estimated Total Annual Cost: N/A.

    By the National Credit Union Administration Board on July 15, 
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-17345 Filed 7-18-13; 8:45 am]
BILLING CODE 7535-01-P