Rules and Regulations Under the Trade Regulation Rule Concerning Preservation of Consumers' Claims and Defenses, 75018-75020 [2015-30359]

Download as PDF tkelley on DSK3SPTVN1PROD with PROPOSALS 75018 Federal Register / Vol. 80, No. 230 / Tuesday, December 1, 2015 / Proposed Rules (16) The average unweighted amount and average weighted amount of cash outflows under § 249.32(b), (d), and (e) (row 16); (17) The average unweighted amount and average weighted amount of cash outflows under § 249.32(l) (row 17); (18) The average unweighted amount and average weighted amount of cash outflows under § 249.32(i) (row 18); (19) The sum of average unweighted amounts and average weighted amounts of cash outflows reported under paragraphs (c)(5), (9), (13), (14), (17), and (18) of this section (row 19); (20) The average unweighted amount and average weighted amount of cash inflows under § 249.33(f) (row 20); (21) The average unweighted amount and average weighted amount of cash inflows under § 249.33(c) (row 21); (22) The average unweighted amount and average weighted amount of cash inflows under § 249.33(d) (row 22); (23) The sum of average unweighted amounts and average weighted amounts of cash inflows reported under paragraphs (c)(24) through (27) of this section (row 23); (24) The average unweighted amount and average weighted amount of cash inflows under § 249.33(b) (row 24); (25) The average unweighted amount and average weighted amount of cash inflows under § 249.33(e) (row 25); (26) The average unweighted amount and average weighted amount of cash inflows under § 249.33(g) (row 26); (27) The average unweighted amount and average weighted amount of cash inflows under § 249.33(h) (row 27); (28) The sum of average unweighted amounts and average weighted amounts of cash inflows reported under paragraphs (c)(20) through (23) of this section (row 28); (29) The average amount of the HQLA amounts as calculated under § 249.21(a) (row 29); (30) The average amount of the total net cash outflow amounts excluding the maturity mismatch add-on as calculated under § 249.30(a)(1) and (2) (row 30); (31) The average amount of the maturity mismatch add-ons as calculated under § 249.30(b) (row 31); (32) The average amount of the total net cash outflow amounts as calculated under § 249.30 or § 249.63, as applicable (row 32); (33) The average of the liquidity coverage ratios as calculated under § 249.10(b) (row 33). (d) Qualitative disclosures. (1) A covered depository institution holding company or covered nonbank company subject to this subpart must provide a qualitative discussion of its liquidity coverage ratio results. The qualitative VerDate Sep<11>2014 19:04 Nov 30, 2015 Jkt 238001 discussion may include, but does not have to be limited to the following items to the extent they are significant to the liquidity coverage ratio results of the covered depository institution holding company or covered nonbank company, and facilitate an understanding of the data provided: (i) The main drivers of the liquidity coverage ratio results; (ii) Changes in the liquidity coverage ratio results over time; (iii) The composition of eligible HQLA; (iv) Concentration of funding sources; (v) Derivative exposures and potential collateral calls; (vi) Currency mismatch in the liquidity coverage ratio; (vii) The centralized liquidity management function of the covered depository institution holding company or covered nonbank company and its interaction with other functional areas of the covered depository institution holding company or covered nonbank company; or (viii) Other inflows, outflows, or other factors in the liquidity coverage ratio calculation that are not captured in the disclosures required by paragraph (b) of this section, but which the covered depository institution holding company or covered nonbank company considers to be relevant to facilitate an understanding of its liquidity risk profile. (2) If a significant change occurs such that the disclosed amounts or previously disclosed amounts are no longer reflective of the current liquidity profile of the covered depository institution holding company or covered nonbank company, then the company must provide a brief discussion of this change and its likely impact. By order of the Board of Governors of the Federal Reserve System, November 20, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015–30095 Filed 11–30–15; 8:45 am] BILLING CODE P FEDERAL TRADE COMMISSION 16 CFR Part 433 RIN 3084–AB16 Rules and Regulations Under the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses Federal Trade Commission. Request for public comments. AGENCY: ACTION: The Federal Trade Commission (‘‘Commission’’) requests public comment on the overall costs and benefits, and regulatory and economic impact, of its Rules and Regulations under the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses, commonly known as the ‘‘Holder Rule,’’ as part of the agency’s regular review of all its regulations and guides. DATES: Written comments must be received on or before February 12, 2016. ADDRESSES: Interested parties may file a comment online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘Holder Rule Review, FTC File No. P164800’’ on your comment. You may file your comment online at https://ftcpublic.commentworks.com/ ftc/holderrule by following the instructions on the Web-based form. If you prefer to file your comment on paper, mail it to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW., Suite CC–5610 (Annex B), Washington, DC 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW., 5th Floor Suite 5610 (Annex B), Washington, DC 20024. FOR FURTHER INFORMATION CONTACT: Stephanie Rosenthal (202) 326–3332, Bureau of Consumer Protection, Federal Trade Commission, 600 Pennsylvania Ave. NW., Washington, DC 20580. SUPPLEMENTARY INFORMATION: I. Background On November 14, 1975, the Commission promulgated its Trade Regulation Rule concerning the Preservation of Consumers’ Claims and Defenses. The Holder Rule protects consumers who enter into credit contracts with a seller of goods or services by preserving their right to assert claims and defenses against any holder of the contract, even if the original seller subsequently assigns the contract to a third-party creditor or assignee. It requires sellers that arrange for or offer credit to finance consumers’ purchases to include the following Notice in their contracts: ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED . . . WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER.1 SUMMARY: PO 00000 Frm 00010 Fmt 4702 Sfmt 4702 1 16 E:\FR\FM\01DEP1.SGM CFR 433.2. 01DEP1 Federal Register / Vol. 80, No. 230 / Tuesday, December 1, 2015 / Proposed Rules A creditor or assignee of the contract is thus subject to any claims or defenses that the consumer could assert against the seller. II. Regulatory Review Program The Commission periodically reviews all of its rules and guides. These reviews seek information about the costs and benefits of the agency’s rules and guides, and their regulatory and economic impact. The information obtained assists the Commission in identifying those rules and guides that warrant modification or rescission. Therefore, the Commission now solicits comments on, among other things, the economic impact of and the continuing need for the Holder Rule; possible developments in the case law that need to be reflected in the Holder Rule; and the effect on the Holder Rule of any regulatory, technological, economic, or other industry changes. tkelley on DSK3SPTVN1PROD with PROPOSALS III. Request For Comment The Commission solicits comment on the following specific questions related to the Holder Rule: (1) Is there a continuing need for the Holder Rule as currently promulgated? Why or why not? (2) What benefits has the Holder Rule provided to consumers? What evidence supports the asserted benefits? (3) What modifications, if any, should the Commission make to the Holder Rule to increase its benefits to consumers? (a) What evidence supports the proposed modifications? (b) How would these modifications affect the costs and benefits of the Holder Rule for consumers? (c) How would these modifications impact businesses, particularly small businesses? (4) What impact has the Holder Rule had on the flow of truthful information to consumers and on the flow of deceptive information to consumers? (5) What significant costs, if any, has the Holder Rule imposed on consumers? What evidence supports the asserted costs? (6) What modifications, if any, should be made to the Holder Rule to reduce any costs imposed on consumers? (a) What evidence supports your proposed modifications? (b) How would these modifications affect the costs and benefits of the Holder Rule for consumers? (c) How would these modifications affect the costs and benefits of the Holder Rule for businesses, particularly small businesses? (7) What benefits, if any, has the Holder Rule provided to businesses, and VerDate Sep<11>2014 19:04 Nov 30, 2015 Jkt 238001 in particular to small businesses? What evidence supports the asserted benefits? (8) What modifications, if any, should be made to the Holder Rule to increase the benefits to businesses, and particularly to small businesses? (a) What evidence supports your proposed modifications? (b) How would these modifications affect the costs and benefits of the Holder Rule for consumers? (c) How would these modifications affect the costs and benefits of the Holder Rule for businesses? (9) What significant costs, if any, including costs of compliance, has the Holder Rule imposed on businesses, particularly small businesses? What evidence supports the asserted costs? (10) What modifications, if any, should be made to the Holder Rule to reduce the costs imposed on businesses, and particularly on small businesses? (a) What evidence supports your proposed modifications? (b) How would these modifications affect the costs and benefits of the Rule for consumers? (c) How would these modifications affect the costs and benefits of the Holder Rule for businesses? (11) What evidence is available concerning the degree of industry compliance with the Holder Rule? Does this evidence indicate that the Rule should be modified? If so, why, and how? If not, why not? (12) Are any of the Holder Rule’s requirements no longer needed? If so, explain. Please provide supporting evidence. (13) What modifications, if any, should be made to the Holder Rule to account for changes in relevant technology or economic conditions? (a) What evidence supports the proposed modifications? (b) How would these modifications affect the costs and benefits of the Holder Rule for consumers and businesses, particularly small businesses? (14) Does the Holder Rule overlap or conflict with other federal, state, or local laws or regulations? If so, how? (a) What evidence supports the asserted conflicts? (b) With reference to the asserted conflicts, should the Holder Rule be modified? If so, why, and how? If not, why not? (15) Are there foreign or international laws, regulations, or standards with respect to the products or services covered by the Holder Rule that the Commission should consider as it reviews the Holder Rule? If so, what are they? (a) Should the Holder Rule be modified in order to harmonize with PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 75019 these foreign or international laws, regulations, or standards? If so, why, and how? If not, why not? (b) How would such harmonization affect the costs and benefits of the Holder Rule for consumers and businesses, particularly small businesses? IV. Instructions for Submitting Comments You can file a comment online or on paper. For the Commission to consider your comment, we must receive it on or before February 12, 2016. Write ‘‘Holder Rule Review, FTC File No. P164800’’ on your comment. Your comment, including your name and your state, will be placed on the public record of this proceeding, including, to the extent practicable, on the public Commission Web site, at https://www.ftc.gov/os/ publiccomments.shtm. As a matter of discretion, the Commission tries to remove individuals’ home contact information from comments before placing them on the Commission Web site. Because your comment will be made public, you are solely responsible for making sure that your comment does not include any sensitive personal information, like anyone’s Social Security number, date of birth, driver’s license number or other state identification number or foreign country equivalent, passport number, financial account number, or credit or debit card number. You are also solely responsible for making sure that your comment does not include any sensitive health information, such as medical records or other individually identifiable health information. In addition, do not include any ‘‘[t]rade secret or any commercial or financial information which is . . . privileged or confidential,’’ as discussed in Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2). In particular, do not include competitively sensitive information such as costs, sales statistics, inventories, formulas, patterns, devices, manufacturing processes, or customer names. If you want the Commission to give your comment confidential treatment, you must file it in paper form, with a request for confidential treatment, and you must follow the procedure explained in FTC Rule 4.9(c), 16 CFR 4.9(c). In particular, the written request for confidential treatment that accompanies the comment must include the factual and legal basis for the request, and must identify the specific portions of the comments to be withheld from the public record. Your comment will be kept confidential only if the FTC E:\FR\FM\01DEP1.SGM 01DEP1 75020 Federal Register / Vol. 80, No. 230 / Tuesday, December 1, 2015 / Proposed Rules General Counsel, in his or her sole discretion, grants your request in accordance with the law and the public interest. Postal mail addressed to the Commission is subject to delay due to heightened security screening. As a result, we encourage you to submit your comments online. To make sure that the Commission considers your online comment, you must file it at https:// ftcpublic.commentworks.com/ftc/ holderrule, by following the instructions on the Web-based form. If this Notice appears at https://www.regulations.gov/ #!home, you also may file a comment through that Web site. If you file your comment on paper, write ‘‘Holder Rule Review, FTC File No. P164800’’ on your comment and on the envelope, and mail it to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW., Suite CC–5610 (Annex B), Washington, DC 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW., 5th Floor Suite 5610 (Annex B), Washington, DC 20024. If possible, submit your paper comment to the Commission by courier or overnight service. Visit the Commission Web site at https://www.ftc.gov to read this Notice and the news release describing it. The FTC Act and other laws that the Commission administers permit the collection of public comments to consider and use in this proceeding as appropriate. The Commission will consider all timely and responsive public comments that it receives on or before February 12, 2016. For information on the Commission’s privacy policy, including routine uses permitted by the Privacy Act, see https:// www.ftc.gov/ftc/privacy.htm. By direction of the Commission. Donald S. Clark, Secretary. [FR Doc. 2015–30359 Filed 11–30–15; 8:45 am] BILLING CODE 6750–01–P tkelley on DSK3SPTVN1PROD with PROPOSALS CONSUMER PRODUCT SAFETY COMMISSION 16 CFR Part 1028 Protection of Human Subjects Consumer Product Safety Commission. ACTION: Notice of proposed rulemaking; extension of comment period. AGENCY: VerDate Sep<11>2014 19:04 Nov 30, 2015 Jkt 238001 On September 8, 2015, the federal departments and agencies subject to the Federal Policy for the Protection of Human Subjects (referred to as the ‘‘Common Rule’’) published a notice of proposed rulemaking (‘‘NPR’’) amending the Common Rule. Separately, on September 24, 2015, the Consumer Product Safety Commission (‘‘CPSC’’ or ‘‘Commission’’) proposed to adopt the Common Rule NPR by amending the Commission’s regulations. The comment period for the Common Rule NPR is being extended; therefore, CPSC is extending the comment period for its proposed rule, accordingly. DATES: The comment period for the CPSC’s NPR published on September 24, 2015 (80 FR 57549), is extended by 30 days and thus will end on January 6, 2016. ADDRESSES: You may submit comments, identified by docket ID number HHS– OPHS–2015–0008, by one of the following methods: • Federal eRulemaking Portal: https:// www.regulations.gov. Enter the above docket ID number in the ‘‘Enter Keyword or ID’’ field and click on ‘‘Search.’’ On the next Web page, click on ‘‘Submit a Comment’’ action and follow the instructions. • Mail/Hand delivery/Courier [For paper, disk, or CD–ROM submissions] to: Jerry Menikoff, M.D., J.D., OHRP, 1101 Wootton Parkway, Suite 200, Rockville, MD 20852. Comments received, including any personal information, will be posted without change to www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Hope E. J. Nesteruk, Human Factors Engineer, Division of Human Factors, Directorate for Engineering Sciences, Consumer Product Safety Commission, 5 Research Place, Rockville, MD 20850; telephone: 301–987–2579; email: hnesteruk@cpsc.gov. SUPPLEMENTARY INFORMATION: Since the Common Rule NPR was published on September 8, 2015 (80 FR 53933), participating departments and agencies have received requests to extend the comment period to allow sufficient time for a full review of the proposed rule. Accordingly, the comment period for the Common Rule NPR published on September 8, 2015, has been extended and will end on January 6, 2016. Along with the other participating departments and agencies subject to the Common Rule, the CPSC provides notice that the comment period on the CPSC’s NPR published on September 24, 2015 (80 FR 57549), has been extended to afford the public an additional opportunity to comment through the process set forth SUMMARY: PO 00000 Frm 00012 Fmt 4702 Sfmt 4702 in the ADDRESSES section of this document. Dated: November 25, 2015. Todd A. Stevenson, Secretary, Consumer Product Safety Commission. [FR Doc. 2015–30407 Filed 11–30–15; 8:45 am] BILLING CODE 6355–01–P DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 110 [Docket No. USCG–2015–0729] Port of Miami Anchorage Area; Atlantic Ocean, Miami Beach, FL Coast Guard, DHS. Notice of study; request for comments. AGENCY: ACTION: U.S. Coast Guard Sector Miami received a study from the Florida Department of Environmental Protection, Southeast Florida Coral Reef Initiative (SEFCRI) concluding that the Miami Anchorage could be changed to reduce threats to protected coral and its habitat. The study indicated that the Miami Anchorage could be divided into two separate anchorage areas to reduce threats to protected coral while also facilitating the safe anchorage of shallow and deep draft vessels. The Coast Guard requests comments from interested persons regarding a possible modification of the Miami Anchorage based on the SEFCRI study. DATES: All comments and related material must be received by the Coast Guard on or before February 1, 2016. ADDRESSES: You may submit comments identified by docket number USCG– 2015–0729 using the Federal eRulemaking Portal at https:// www.regulations.gov. See the ‘‘Public Participation and Request for Comments’’ portion of the SUPPLEMENTARY INFORMATION section for further instructions on submitting comments. SUMMARY: FOR FURTHER INFORMATION CONTACT: If you have questions about this document, call or email LT Ruth Sadowitz, Sector Miami Waterways Division Chief at 305–535–4307 or email at ruth.a.sadowitz@uscg.mil. I. Table of Abbreviations CFR Code of Federal Regulations DHS Department of Homeland Security FR Federal Register E:\FR\FM\01DEP1.SGM 01DEP1

Agencies

[Federal Register Volume 80, Number 230 (Tuesday, December 1, 2015)]
[Proposed Rules]
[Pages 75018-75020]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30359]


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FEDERAL TRADE COMMISSION

16 CFR Part 433

RIN 3084-AB16


Rules and Regulations Under the Trade Regulation Rule Concerning 
Preservation of Consumers' Claims and Defenses

AGENCY: Federal Trade Commission.

ACTION: Request for public comments.

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

SUMMARY: The Federal Trade Commission (``Commission'') requests public 
comment on the overall costs and benefits, and regulatory and economic 
impact, of its Rules and Regulations under the Trade Regulation Rule 
Concerning Preservation of Consumers' Claims and Defenses, commonly 
known as the ``Holder Rule,'' as part of the agency's regular review of 
all its regulations and guides.

DATES: Written comments must be received on or before February 12, 
2016.

ADDRESSES: Interested parties may file a comment online or on paper, by 
following the instructions in the Request for Comment part of the 
SUPPLEMENTARY INFORMATION section below. Write ``Holder Rule Review, 
FTC File No. P164800'' on your comment. You may file your comment 
online at https://ftcpublic.commentworks.com/ftc/holderrule by 
following the instructions on the Web-based form. If you prefer to file 
your comment on paper, mail it to the following address: Federal Trade 
Commission, Office of the Secretary, 600 Pennsylvania Avenue NW., Suite 
CC-5610 (Annex B), Washington, DC 20580, or deliver your comment to the 
following address: Federal Trade Commission, Office of the Secretary, 
Constitution Center, 400 7th Street SW., 5th Floor Suite 5610 (Annex 
B), Washington, DC 20024.

FOR FURTHER INFORMATION CONTACT: Stephanie Rosenthal (202) 326-3332, 
Bureau of Consumer Protection, Federal Trade Commission, 600 
Pennsylvania Ave. NW., Washington, DC 20580.

SUPPLEMENTARY INFORMATION: 

I. Background

    On November 14, 1975, the Commission promulgated its Trade 
Regulation Rule concerning the Preservation of Consumers' Claims and 
Defenses. The Holder Rule protects consumers who enter into credit 
contracts with a seller of goods or services by preserving their right 
to assert claims and defenses against any holder of the contract, even 
if the original seller subsequently assigns the contract to a third-
party creditor or assignee. It requires sellers that arrange for or 
offer credit to finance consumers' purchases to include the following 
Notice in their contracts:

    ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL 
CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER 
OF GOODS OR SERVICES OBTAINED . . . WITH THE PROCEEDS HEREOF. 
RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY 
THE DEBTOR HEREUNDER.\1\
---------------------------------------------------------------------------

    \1\ 16 CFR 433.2.


[[Page 75019]]


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

A creditor or assignee of the contract is thus subject to any claims or 
defenses that the consumer could assert against the seller.

II. Regulatory Review Program

    The Commission periodically reviews all of its rules and guides. 
These reviews seek information about the costs and benefits of the 
agency's rules and guides, and their regulatory and economic impact. 
The information obtained assists the Commission in identifying those 
rules and guides that warrant modification or rescission. Therefore, 
the Commission now solicits comments on, among other things, the 
economic impact of and the continuing need for the Holder Rule; 
possible developments in the case law that need to be reflected in the 
Holder Rule; and the effect on the Holder Rule of any regulatory, 
technological, economic, or other industry changes.

III. Request For Comment

    The Commission solicits comment on the following specific questions 
related to the Holder Rule:
    (1) Is there a continuing need for the Holder Rule as currently 
promulgated? Why or why not?
    (2) What benefits has the Holder Rule provided to consumers? What 
evidence supports the asserted benefits?
    (3) What modifications, if any, should the Commission make to the 
Holder Rule to increase its benefits to consumers?
    (a) What evidence supports the proposed modifications?
    (b) How would these modifications affect the costs and benefits of 
the Holder Rule for consumers?
    (c) How would these modifications impact businesses, particularly 
small businesses?
    (4) What impact has the Holder Rule had on the flow of truthful 
information to consumers and on the flow of deceptive information to 
consumers?
    (5) What significant costs, if any, has the Holder Rule imposed on 
consumers? What evidence supports the asserted costs?
    (6) What modifications, if any, should be made to the Holder Rule 
to reduce any costs imposed on consumers?
    (a) What evidence supports your proposed modifications?
    (b) How would these modifications affect the costs and benefits of 
the Holder Rule for consumers?
    (c) How would these modifications affect the costs and benefits of 
the Holder Rule for businesses, particularly small businesses?
    (7) What benefits, if any, has the Holder Rule provided to 
businesses, and in particular to small businesses? What evidence 
supports the asserted benefits?
    (8) What modifications, if any, should be made to the Holder Rule 
to increase the benefits to businesses, and particularly to small 
businesses?
    (a) What evidence supports your proposed modifications?
    (b) How would these modifications affect the costs and benefits of 
the Holder Rule for consumers?
    (c) How would these modifications affect the costs and benefits of 
the Holder Rule for businesses?
    (9) What significant costs, if any, including costs of compliance, 
has the Holder Rule imposed on businesses, particularly small 
businesses? What evidence supports the asserted costs?
    (10) What modifications, if any, should be made to the Holder Rule 
to reduce the costs imposed on businesses, and particularly on small 
businesses?
    (a) What evidence supports your proposed modifications?
    (b) How would these modifications affect the costs and benefits of 
the Rule for consumers?
    (c) How would these modifications affect the costs and benefits of 
the Holder Rule for businesses?
    (11) What evidence is available concerning the degree of industry 
compliance with the Holder Rule? Does this evidence indicate that the 
Rule should be modified? If so, why, and how? If not, why not?
    (12) Are any of the Holder Rule's requirements no longer needed? If 
so, explain. Please provide supporting evidence.
    (13) What modifications, if any, should be made to the Holder Rule 
to account for changes in relevant technology or economic conditions?
    (a) What evidence supports the proposed modifications?
    (b) How would these modifications affect the costs and benefits of 
the Holder Rule for consumers and businesses, particularly small 
businesses?
    (14) Does the Holder Rule overlap or conflict with other federal, 
state, or local laws or regulations? If so, how?
    (a) What evidence supports the asserted conflicts?
    (b) With reference to the asserted conflicts, should the Holder 
Rule be modified? If so, why, and how? If not, why not?
    (15) Are there foreign or international laws, regulations, or 
standards with respect to the products or services covered by the 
Holder Rule that the Commission should consider as it reviews the 
Holder Rule? If so, what are they?
    (a) Should the Holder Rule be modified in order to harmonize with 
these foreign or international laws, regulations, or standards? If so, 
why, and how? If not, why not?
    (b) How would such harmonization affect the costs and benefits of 
the Holder Rule for consumers and businesses, particularly small 
businesses?

IV. Instructions for Submitting Comments

    You can file a comment online or on paper. For the Commission to 
consider your comment, we must receive it on or before February 12, 
2016. Write ``Holder Rule Review, FTC File No. P164800'' on your 
comment. Your comment, including your name and your state, will be 
placed on the public record of this proceeding, including, to the 
extent practicable, on the public Commission Web site, at https://www.ftc.gov/os/publiccomments.shtm. As a matter of discretion, the 
Commission tries to remove individuals' home contact information from 
comments before placing them on the Commission Web site.
    Because your comment will be made public, you are solely 
responsible for making sure that your comment does not include any 
sensitive personal information, like anyone's Social Security number, 
date of birth, driver's license number or other state identification 
number or foreign country equivalent, passport number, financial 
account number, or credit or debit card number. You are also solely 
responsible for making sure that your comment does not include any 
sensitive health information, such as medical records or other 
individually identifiable health information. In addition, do not 
include any ``[t]rade secret or any commercial or financial information 
which is . . . privileged or confidential,'' as discussed in Section 
6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR 
4.10(a)(2). In particular, do not include competitively sensitive 
information such as costs, sales statistics, inventories, formulas, 
patterns, devices, manufacturing processes, or customer names.
    If you want the Commission to give your comment confidential 
treatment, you must file it in paper form, with a request for 
confidential treatment, and you must follow the procedure explained in 
FTC Rule 4.9(c), 16 CFR 4.9(c). In particular, the written request for 
confidential treatment that accompanies the comment must include the 
factual and legal basis for the request, and must identify the specific 
portions of the comments to be withheld from the public record. Your 
comment will be kept confidential only if the FTC

[[Page 75020]]

General Counsel, in his or her sole discretion, grants your request in 
accordance with the law and the public interest.
    Postal mail addressed to the Commission is subject to delay due to 
heightened security screening. As a result, we encourage you to submit 
your comments online. To make sure that the Commission considers your 
online comment, you must file it at https://ftcpublic.commentworks.com/ftc/holderrule, by following the instructions on the Web-based form. If 
this Notice appears at https://www.regulations.gov/#!home, you also may 
file a comment through that Web site.
    If you file your comment on paper, write ``Holder Rule Review, FTC 
File No. P164800'' on your comment and on the envelope, and mail it to 
the following address: Federal Trade Commission, Office of the 
Secretary, 600 Pennsylvania Avenue NW., Suite CC-5610 (Annex B), 
Washington, DC 20580, or deliver your comment to the following address: 
Federal Trade Commission, Office of the Secretary, Constitution Center, 
400 7th Street SW., 5th Floor Suite 5610 (Annex B), Washington, DC 
20024. If possible, submit your paper comment to the Commission by 
courier or overnight service.
    Visit the Commission Web site at https://www.ftc.gov to read this 
Notice and the news release describing it. The FTC Act and other laws 
that the Commission administers permit the collection of public 
comments to consider and use in this proceeding as appropriate. The 
Commission will consider all timely and responsive public comments that 
it receives on or before February 12, 2016. For information on the 
Commission's privacy policy, including routine uses permitted by the 
Privacy Act, see https://www.ftc.gov/ftc/privacy.htm.

    By direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 2015-30359 Filed 11-30-15; 8:45 am]
BILLING CODE 6750-01-P
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