Fair Credit Reporting Act Disclosures, 79410-79411 [2013-31219]
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79410
Federal Register / Vol. 78, No. 250 / Monday, December 30, 2013 / Notices
circumstances that may affect any relief
granted pursuant to section 140.99(e),
and complying with notice and other
conditions that may be contained in
grant of exemptive or no-action relief
issued by staff; and preparing and
submitting withdrawals of requests for
exemptive, no-action, and interpretative
letters pursuant to section 140.99(f). The
estimates also include burden hours for
preparing a confidential treatment
request pursuant to and responding to
any process contained in associated
section 140.98(b) of the Commission’s
regulations, and complying with the
documentation requirements contained
in section 41.3(b), related to exemption
requests from certain intermediaries.
Respondents/Affected Entities:
Registered entities, intermediaries,
eligible contract participants, parties
clarifying their status as such or seeking
Estimated annual
respondents or
recordkeepers
REPORTING—RENEWAL YEAR ONE:
§ 140.99(c)—information requirements for letters ........
§ 140.99(d)—filing requirements ...................................
§ 140.99(e)—staff response:
change of facts and circumstances .......................
notice and other conditions ...................................
§ 140.99(f)—withdrawal of requests .............................
§ 140.98(b)—confidential treatment requests ...............
§ 41.3(b)—securities brokers and dealers requesting
exemptive orders; documentation requirement ........
REPORTING—YEARS TWO AND THREE:
§ 140.99(c)—information requirements for letters ........
§ 140.99(d)—filing requirements ...................................
§ 140.99(e)—staff response:
change of facts and circumstances .......................
notice and other conditions ...................................
§ 140.99(f)—withdrawal of requests .............................
§ 140.98(b)—confidential treatment requests ...............
§ 41.3(b)—securities brokers and dealers requesting
exemptive orders; documentation requirement ........
Reports or
records
annually—
each
respondent
relief from registration or discrete
regulatory burdens associated with their
status.
Estimated number of respondents:
12,428.
Estimated total annual burden on
respondents: 28,478 hours.
Frequency of collection: Occasionally.
The Commission estimates the burden
of this collection of information as
follows:
Total annual
responses
Estimated
average number
of hours per
response
Estimated
annual burden
hours
40
40
1
1
40
40
9.00
0.38
360
15
7
4,500
6
5
1
1
1
1
7
4,500
6
5
2.25
1.50
0.75
1.80
16
6,750
5
9
10
1
10
3.75
38
25
25
1
1
25
25
9.00
0.38
225
9
4
1,500
3
3
1
1
2.25
1.50
1
4
1,500
0
3
1.80
9
2,250
0
5
10
1
10
3.75
38
6,178
13
6,175
38
9,728
4,500
4
18,000
0.75
13,500
1,750
4
7,000
0.75
5,250
SUBTOTAL RECORDKEEPING ....................
6,250
8
25,000
2
18,750
GRAND TOTAL ..............................................
maindgalligan on DSK5TPTVN1PROD with NOTICES
SUBTOTAL REPORTING ..............................
RECORDKEEPING—RENEWAL YEAR ONE:
§ 140.99(e)—staff response:
notice and other conditions ...................................
RECORDKEEPING—RENEWAL YEARS TWO AND
THREE:
§ 140.99(e)—staff response:
notice and other conditions ...................................
12,428
21
31,175
40
28,478
There are no capital costs or operating
and maintenance costs associated with
this collection.
This estimate is based on the number
of requests for such letters in the last
three years. Although the burden varies
with the type, size, and complexity of
the request submitted, such request may
involve analytical work and analysis, as
well as the work of drafting the request
itself.
Comment Solicitation: With respect to
this collection of information, the CFTC
invites comments on:
• Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information will have a practical use;
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17:15 Dec 27, 2013
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• The accuracy of the Commission’s
estimate of the burden of the proposed
collection of information, including the
validity of the methodology and
assumptions used;
• Ways to enhance the quality,
usefulness, and clarity of the
information to be collected; and
• Ways to minimize the burden of
collection of information on those who
are to respond, including through the
use of appropriate automated electronic,
mechanical, or other technological
collection techniques or other forms of
information technology; e.g., permitting
electronic submission of responses.
PO 00000
Dated: December 23, 2013.
Christopher J. Kirkpatrick,
Deputy Secretary of the Commission.
[FR Doc. 2013–31106 Filed 12–27–13; 8:45 am]
BILLING CODE 6351–01–P
BUREAU OF CONSUMER FINANCIAL
PROTECTION
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)
SUMMARY:
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Federal Register / Vol. 78, No. 250 / Monday, December 30, 2013 / Notices
announces that the ceiling on allowable
charges under Section 612(f) of the Fair
Credit Reporting Act (FCRA) will
remain unchanged at $11.50 for 2014.
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 for
All Urban Consumers (CPI–U), with
fractional changes rounded to the
nearest fifty cents. The CPI–U increased
45.25 percent between September 1997,
the date the FCRA amendments took
effect, and September 2013. This
increase in the CPI–U, and the
requirement that any increase be
rounded to the nearest fifty cents,
results in no change in the maximum
allowable charge of $11.50.
DATES:
Effective January 1, 2014.
FOR FURTHER INFORMATION CONTACT:
David Friend, Office of Regulations,
Bureau of Consumer Financial
Protection, 1700 G Street NW.,
Washington, DC 20552 at (202) 435–
7700.
Section
612(f)(1)(A) of the Fair Credit Reporting
Act (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 Like the
Federal Trade Commission, the Bureau’s
calculations are based on the CPI–U,
which is the most general Consumer
maindgalligan on DSK5TPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
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.
VerDate Mar<15>2010
17:15 Dec 27, 2013
Jkt 232001
Price Index and covers all urban
consumers and all items.
Section 211(a)(2) of the 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 CPI–U from
September 1997 to September 2013. The
Bureau then determined what
modification, if any, from the original
base of $8.00 should be made effective
for 2014, given the requirement that
fractional changes be rounded to the
nearest fifty cents.
Between September 1997 and
September 2013, the CPI–U increased by
45.25 percent—from an index value of
161.2 in September 1997 to a value of
234.1 in September 2013. An increase of
45.25 percent in the $8.00 base figure
would lead to a new figure of $11.62.
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 2014 will
remain unchanged at $11.50.
Dated: December 24, 2013.
Richard Cordray,
Director, Bureau of Consumer Financial
Protection.
[FR Doc. 2013–31219 Filed 12–26–13; 11:15 am]
BILLING CODE 4810–25–P
DEPARTMENT OF DEFENSE
Office of the Secretary
Announcement of Competition Under
the America COMPETES Act
Defense Advanced Research
Projects Agency (DARPA), DoD.
ACTION: Notice.
AGENCY:
DARPA announces the Cyber
Grand Challenge (CGC), a prize
competition under 15 U.S.C. 3719, the
America COMPETES Act. The CGC will
utilize a series of competition events to
SUMMARY:
PO 00000
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79411
test the abilities of fully automated
cyber defense systems. The CGC seeks
to engender a new generation of
autonomous cyber defense capabilities
that combine the speed and scale of
automation with reasoning abilities
exceeding those of human experts.
FOR FURTHER INFORMATION CONTACT: All
questions regarding the competition
may be sent to CyberGrandChallenge@
darpa.mil.
SUPPLEMENTARY INFORMATION: DARPA
recommends that all parties interested
in participating in the CGC read the
latest CGC Rules document posted on
the CGC Web site (www.darpa.mil/
cybergrandchallenge) for a full
description of CGC events.
Subject of the competition. The DoD
maintains information systems using a
software technology base comprised of
Commercial Off The Shelf (COTS)
operating systems and applications.
This COTS technology base is common
to the DoD, industry, and the Defense
Industrial Base, and the continual
discovery of potential vulnerabilities in
this software base has led to a constant
cycle of intrusion, compromise
discovery, patch formulation, patch
deployment and recovery. At the
present time this defensive cycle is
performed by highly trained software
analysts; it is the role of these analysts
to reason about the function of software,
identify novel threats and remove them.
Manual analysis of code and threats is
an artisan process, often requiring
skilled analysts to spend weeks or
months analyzing a problem. The size of
the technology base also contributes to
the difficulty of manually discovering
vulnerabilities. At the present time,
automated program analysis capabilities
are able to assist the work of human
software analysts. In the Cyber Grand
Challenge, competitors will improve
and combine these semi-automated
technologies into unmanned Cyber
Reasoning Systems that can
autonomously reason about novel
program flaws, prove the existence of
flaws in networked applications, and
formulate effective defenses. The
performance of these automated systems
will be evaluated through head-to-head
tournament style competition. The CGC
will draw widespread attention to the
technology issues associated with
autonomous software comprehension
and motivate entrants to overcome
technical challenges to realize truly
effective autonomous cyber defense.
This competition will challenge the
most capable and innovative companies,
institutions, and entrepreneurs to
produce breakthroughs in capability and
performance. Eligible parties may enter
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Agencies
[Federal Register Volume 78, Number 250 (Monday, December 30, 2013)]
[Notices]
[Pages 79410-79411]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-31219]
=======================================================================
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BUREAU OF CONSUMER FINANCIAL PROTECTION
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)
[[Page 79411]]
announces that the ceiling on allowable charges under Section 612(f) of
the Fair Credit Reporting Act (FCRA) will remain unchanged at $11.50
for 2014. 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 for All
Urban Consumers (CPI-U), with fractional changes rounded to the nearest
fifty cents. The CPI-U increased 45.25 percent between September 1997,
the date the FCRA amendments took effect, and September 2013. This
increase in the CPI-U, and the requirement that any increase be rounded
to the nearest fifty cents, results in no change in the maximum
allowable charge of $11.50.
DATES: Effective January 1, 2014.
FOR FURTHER INFORMATION CONTACT: David Friend, Office of Regulations,
Bureau of Consumer Financial Protection, 1700 G Street NW., Washington,
DC 20552 at (202) 435-7700.
SUPPLEMENTARY INFORMATION: Section 612(f)(1)(A) of the Fair Credit
Reporting Act (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.
---------------------------------------------------------------------------
\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.
---------------------------------------------------------------------------
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\ Like the Federal Trade Commission, the Bureau's calculations
are based on the CPI-U, which is the most general Consumer Price Index
and covers all urban consumers and all items.
---------------------------------------------------------------------------
\2\ Public Law 111-203, Title X, Section 1088.
---------------------------------------------------------------------------
Section 211(a)(2) of the 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 CPI-U from September 1997 to September
2013. The Bureau then determined what modification, if any, from the
original base of $8.00 should be made effective for 2014, given the
requirement that fractional changes be rounded to the nearest fifty
cents.
Between September 1997 and September 2013, the CPI-U increased by
45.25 percent--from an index value of 161.2 in September 1997 to a
value of 234.1 in September 2013. An increase of 45.25 percent in the
$8.00 base figure would lead to a new figure of $11.62. 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
2014 will remain unchanged at $11.50.
Dated: December 24, 2013.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2013-31219 Filed 12-26-13; 11:15 am]
BILLING CODE 4810-25-P