Fair Credit Reporting Act Disclosures, 72711 [2015-29664]

Download as PDF Federal Register / Vol. 80, No. 224 / Friday, November 20, 2015 / Notices Contracting Office, March ARB, CA Service Type: Custodial Service Service is Mandatory for: US Air Force, Area C, Wright Patterson Air Force Base, OH Mandatory Source of Supply: Goodwill Easter Seals Miami Valley, Dayton, OH Contracting Activity: FA8601 AFLCMC PZIO, Wright Patterson AFB, OH Patricia Briscoe, Deputy Director, Business Operations, (Pricing and Information Management). [FR Doc. 2015–29653 Filed 11–19–15; 8:45 am] BILLING CODE 6353–01–P COMMODITY FUTURES TRADING COMMISSION Sunshine Act Meetings 9:00 a.m. EST, Tuesday, November 24, 2015. PLACE: CFTC Headquarters Lobby-Level Hearing Room, Three Lafayette Centre, 1155 21st Street NW., Washington, DC STATUS: Open. MATTERS TO BE CONSIDERED: The Commission will hold this meeting to consider rulemaking matters, including the issuance of a proposed rulemaking. The agenda for this meeting is available to the public and posted on the Commission’s Web site at http:// www.cftc.gov. In the event that the time, date, or place of this meeting changes, an announcement of the change, along with the new time, date, or place of the meeting, will be posted on the Commission’s Web site. CONTACT PERSON FOR MORE INFORMATION: Christopher J. Kirkpatrick, Secretary of the Commission, 202–418–5964. TIME AND DATE: Christopher J. Kirkpatrick, Secretary of the Commission. [FR Doc. 2015–29743 Filed 11–18–15; 11:15 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) announces that the ceiling on allowable charges under section 612(f) of the Fair Credit Reporting Act (FCRA) will remain unchanged at $12.00, effective for 2016. The Bureau is required to increase the $8.00 amount referred to in section 612(f)(1)(A)(i) of the FCRA on tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:39 Nov 19, 2015 Jkt 238001 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 47.61 percent between September 1997, when the FCRA amendments took effect, and September 2015. This increase in the CPI–U, and the requirement that any increase be rounded to the nearest fifty cents, result in a maximum allowable charge of $12.00. DATES: Effective January 1, 2016. FOR FURTHER INFORMATION CONTACT: James Wylie, Counsel, Office of Regulations, 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. 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. 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. Section 612(a) of the FCRA gives consumers the right to a free disclosure upon request 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 section 612(a) was September 30, 1997, the Bureau calculated the proportional increase in the CPI–U from September 1997 to September 2015. The Bureau then determined what modification, if any, from the original base of $8.00 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 72711 should be made effective for 2016, given the requirement that fractional changes be rounded to the nearest fifty cents. Between September 1997 and September 2015, the CPI–U increased by 47.61 percent from an index value of 161.2 in September 1997 to a value of 237.945 in September 2015. An increase of 47.61 percent in the $8.00 base figure would lead to a figure of $11.81. However, because the statute directs that the resulting figure be rounded to the nearest $0.50, the maximum allowable charge is $12.00. The Bureau therefore determines that the maximum allowable charge for the year 2016 will remain at $12.00, effective January 1, 2016. Dated: November 14, 2015. Richard Cordray, Director, Bureau of Consumer Financial Protection. [FR Doc. 2015–29664 Filed 11–19–15; 8:45 am] BILLING CODE 4810–AM–P DEPARTMENT OF DEFENSE Department of the Air Force Notice of Intent To Grant an Exclusive Patent License Department of the Air Force, Department of Defense. ACTION: Notice of intent. AGENCY: Pursuant to the provisions of Part 404 of Title 37, Code of Federal Regulations, which implements Public Law 96–517, as amended; the Department of the Air Force announces its intention to grant GlobalFlyte, Inc., a corporation of the State of Ohio, having a place of business at 8849 Brown Thrasher Court, Gainesville, VA 20155. DATES: The Air Force intends to grant a license for the pending application unless a written objection is received within fifteen (15) calendar days from the date of publication of this Notice. ADDRESSES: Written objection should be sent to: Air Force Materiel Command Law Office, AFMCLO/JAZ, 2240 B Street, Rm 101, Wright-Patterson AFB, OH 45433–7109; Facsimile: (937) 255– 3733. SUMMARY: Air Force Materiel Command Law Office, AFMCLO/JAZ, 2240 B Street, Rm 101, Wright-Patterson AFB, OH 45433–7109; Facsimile: (937) 255–3733. SUPPLEMENTARY INFORMATION: An exclusive license in any right, title, and interest of the Air Force in: U.S. Application No. 13/110401, entitled, ‘‘Multi-Modal FOR FURTHER INFORMATION CONTACT: E:\FR\FM\20NON1.SGM 20NON1

Agencies

[Federal Register Volume 80, Number 224 (Friday, November 20, 2015)]
[Notices]
[Page 72711]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29664]


=======================================================================
-----------------------------------------------------------------------

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) announces 
that the ceiling on allowable charges under section 612(f) of the Fair 
Credit Reporting Act (FCRA) will remain unchanged at $12.00, effective 
for 2016. 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 47.61 percent between September 1997, 
when the FCRA amendments took effect, and September 2015. This increase 
in the CPI-U, and the requirement that any increase be rounded to the 
nearest fifty cents, result in a maximum allowable charge of $12.00.

DATES: Effective January 1, 2016.

FOR FURTHER INFORMATION CONTACT: James Wylie, Counsel, Office of 
Regulations, 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. 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. 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.
    Section 612(a) of the FCRA gives consumers the right to a free 
disclosure upon request 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 section 
612(a) was September 30, 1997, the Bureau calculated the proportional 
increase in the CPI-U from September 1997 to September 2015. The Bureau 
then determined what modification, if any, from the original base of 
$8.00 should be made effective for 2016, given the requirement that 
fractional changes be rounded to the nearest fifty cents.
    Between September 1997 and September 2015, the CPI-U increased by 
47.61 percent from an index value of 161.2 in September 1997 to a value 
of 237.945 in September 2015. An increase of 47.61 percent in the $8.00 
base figure would lead to a figure of $11.81. However, because the 
statute directs that the resulting figure be rounded to the nearest 
$0.50, the maximum allowable charge is $12.00. The Bureau therefore 
determines that the maximum allowable charge for the year 2016 will 
remain at $12.00, effective January 1, 2016.

    Dated: November 14, 2015.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2015-29664 Filed 11-19-15; 8:45 am]
BILLING CODE 4810-AM-P