Agency Information Collection Activities: Comment Request, 73169-73170 [2015-29816]

Agencies

• BUREAU OF CONSUMER FINANCIAL PROTECTION

[Federal Register Volume 80, Number 226 (Tuesday, November 24, 2015)]
[Notices]
[Pages 73169-73170]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29816]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2015-0048]


Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is proposing a new 
information collection titled, ``Financial Well-Being National 
Survey.''

DATES: Written comments are encouraged and must be received on or 
before January 25, 2016 to be assured of consideration.

ADDRESSES: You may submit comments, identified by the title of the 
information collection, OMB Control Number (see below), and docket 
number (see above), by any of the following methods:
     Electronic: https://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Consumer Financial Protection Bureau (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552.
     Hand Delivery/Courier: Consumer Financial Protection 
Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 
20002.
    Please note that comments submitted after the comment period will 
not be accepted. In general, all comments received will become public 
records, including any personal information provided. Sensitive 
personal information, such as account numbers or social security 
numbers, should not be included.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
this information collection request is available at 
www.regulations.gov. Requests for additional information should be 
directed to the Consumer Financial Protection Bureau, (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or 
email: PRA@cfpb.gov. Please do not submit comments to this mailbox.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Financial Well-Being National Survey.
    OMB Control Number: 3170-XXXX.
    Type of Review: New collection (Request for a new OMB control 
number).
    Affected Public: Individuals.
    Estimated Number of Respondents: 6,000.
    Estimated Total Annual Burden Hours: 2,000.
    Abstract: Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act, Public Law 111-203, the Bureau's Office of Financial 
Education is responsible for developing and implementing a strategy to 
improve the financial literacy of consumers that

[[Page 73170]]

includes measurable goals and initiatives, in consultation with the 
Financial Literacy and Education Commission, consistent with the 
National Strategy for Financial Literacy. In addition, the Office of 
Financial Protection for Older Americans within the Bureau is charged 
with conducting research to identify methods and strategies to educate 
and counsel seniors, and developing goals for programs that provide 
seniors with financial literacy and counseling.
    Through prior research, the Bureau has determined that improvement 
in consumer financial well-being is the ultimate goal of such financial 
literacy initiatives. In order to inform our identification and 
development of financial literacy strategies that explicitly seek to 
improve consumer financial well-being, the Bureau plans to conduct a 
nationally representative survey to measure adult financial well-being 
and related concepts, as well as an oversample of adults age 62 and 
older to gather additional data relevant to the needs and experiences 
of older consumers. The specific goals of the survey are to (1) measure 
the level of financial well-being of American adults and key sub-
populations; (2) quantitatively test previously developed hypotheses 
about the specific types of knowledge, behavior, traits and skills that 
may support higher levels of financial well-being; and (3) produce 
fully de-identified public use data files that will allow external 
researchers to examine additional questions about financial well-being 
and its drivers.
    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the Bureau, including whether the information will 
have practical utility; (b) The accuracy of the Bureau's estimate of 
the burden of the collection of information, including the validity of 
the methods and the assumptions used; (c) Ways to enhance the quality, 
utility, and clarity of the information to be collected; and (d) Ways 
to minimize the burden of the collection of information on respondents, 
including through the use of automated collection techniques or other 
forms of information technology. Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget (OMB) approval. All comments will become a matter 
of public record.

    Dated: November 17, 2015.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2015-29816 Filed 11-23-15; 8:45 am]
 BILLING CODE 4810-AM-P