Agency Information Collection Activities: Submission for OMB Review; Comment Request, 31308-31309 [2019-13974]
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Federal Register / Vol. 84, No. 126 / Monday, July 1, 2019 / Notices
obscene language. All submissions that
have been redacted or removed that
contain comments on the merits of the
ICR will be retained in the public
comment file and will be considered as
required under the Administrative
Procedure Act and other applicable
laws, and may be accessible under the
Freedom of Information Act.
FOR FURTHER INFORMATION CONTACT:
Jacob Chachkin, Special Counsel,
Division of Swap Dealer and
Intermediary Oversight, Commodity
Futures Trading Commission, (202)
418–5496, email: jchachkin@cftc.gov,
and refer to OMB Control No. 3038–
0078.
SUPPLEMENTARY INFORMATION:
khammond on DSKBBV9HB2PROD with NOTICES
Title: Conflicts of Interest Policies and
Procedures by Futures Commission
Merchants and Introducing Brokers
(OMB Control No. 3038–0078). This is
a request for an extension of a currently
approved information collection.
Abstract: On April 3, 2012, the
Commission adopted Commission
regulation 1.71 (Conflicts of interest
policies and procedures by futures
commission merchants and introducing
brokers) 2 pursuant to section 4d(c) 3 of
the Commodity Exchange Act (CEA).
Commission regulation 1.71 requires
generally that, among other things,
futures commission merchants (FCM) 4
and introducing brokers (IB) 5 develop
conflicts of interest procedures and
disclosures, adopt and implement
written policies and procedures
reasonably designed to ensure
compliance with their conflicts of
interest and disclosure obligations, and
maintain specified records related to
those requirements.6 The Commission
believes that the information collection
obligations imposed by Commission
regulation 1.71 are essential (i) to
ensuring that FCMs and IBs develop and
maintain the conflicts of interest
systems, procedures and disclosures
required by the CEA, and Commission
regulations, and (ii) to the effective
evaluation of these registrants’ actual
compliance with the CEA and
Commission regulations.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number. On April 9, 2019, the
2 17
CFR 1.71.
U.S.C. 6d(c).
4 For the definition of FCM, see section 1a(28) of
the CEA and Commission regulation 1.3. 7 U.S.C.
1a(28) and 17 CFR 1.3.
5 For the definition of IB, see section 1a(31) of the
CEA and Commission regulation 1.3. 7 U.S.C.
1a(31) and 17 CFR 1.3.
6 See 17 CFR 1.71.
37
VerDate Sep<11>2014
19:58 Jun 28, 2019
Jkt 247001
Commission published in the Federal
Register notice of the proposed
extension of this information collection
and provided 60 days for public
comment on the proposed extension, 84
FR 14098 (60-Day Notice). The
Commission did not receive any
relevant comments on the 60-Day
Notice.
Burden Statement: The Commission
is revising its estimate of the burden for
this collection to reflect the current
number of registered FCMs and IBs.
Accordingly, the respondent burden for
this collection is estimated to be as
follows:
Estimated Number of Respondents:
1,244.
Estimated Average Burden Hours per
Respondent: 44.5.
Estimated Total Annual Burden
Hours: 55,358.
Frequency of Collection: As
applicable.
There are no capital costs or operating
and maintenance costs associated with
this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: June 25, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019–13942 Filed 6–28–19; 8:45 am]
BILLING CODE 6351–01–P
BUREAU OF CONSUMER FINANCIAL
PROTECTION
[Docket No. CFPB–2019–0037]
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Bureau of Consumer Financial
Protection.
ACTION: Notice and request for comment.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995
(PRA), the Bureau of Consumer
Financial Protection (Bureau) is
proposing to reinstate with change a
previously approved collection, titled,
‘‘Generic Information Collection Plan
for Studies of Consumers Using
Controlled Trials in Field and Economic
Laboratory Settings.’’ Also in
accordance with the PRA, the Bureau is
requesting Office of Management and
Budget (OMB) approval of the following
generic Information Collections titled,
‘‘Savings and Debt Study,’’ ‘‘Vague
Language in Disclosures Study,’’
‘‘Tiered Disclosure Study,’’ ‘‘Financial
Scale Development Testing,’’ and
‘‘Disclosure Market Study’’ under this
Generic Information Collection Plan.
Each of these information collections
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
are contemporaneously being submitted
to OMB with the request to reinstate
with change the aforementioned generic
information collection plan.
DATES: Written comments are
encouraged and must be received on or
before July 31, 2019 to be assured of
consideration.
ADDRESSES: Comments in response to
this notice are to be directed towards
OMB and to the attention of the OMB
Desk Officer for the Bureau of Consumer
Financial Protection. 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.
• Email: OIRA_submission@
omb.eop.gov.
• Fax: (202) 395–5806.
• Mail: Office of Management and
Budget, New Executive Office Building,
Room 10235, Washington, DC 20503.
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.reginfo.gov (this link
becomes active on the day following
publication of this notice). Select
‘‘Information Collection Review,’’ under
‘‘Currently under Review,’’ use the
dropdown menu ‘‘Select Agency’’ and
select ‘‘Consumer Financial Protection
Bureau’’ (recent submissions to OMB
will be at the top of the list). The same
documentation is also available at
https://www.regulations.gov. Requests for
additional information should be
directed to Darrin King, PRA Officer, at
(202) 435–9575, or email: CFPB_PRA@
cfpb.gov. If you require this document
in an alternative electronic format,
please contact CFPB_Accessibility@
cfpb.gov. Please do not submit
comments to these email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Generic
Information Collection Plan for Studies
of Consumers Using Controlled Trials in
Field and Economic Laboratory Settings.
OMB Control Number: 3170–0048.
Type of Review: Reinstatement with
change of a previously approved
Information Collection.
Affected Public: Individuals and
households.
Estimated Number of Respondents:
36,120 (three year period).
E:\FR\FM\01JYN1.SGM
01JYN1
Federal Register / Vol. 84, No. 126 / Monday, July 1, 2019 / Notices
Estimated Total Burden Hours: 24,405
(three year period).
Abstract: Under the Dodd-Frank Wall
Street Reform and Consumer Protection
Act, the Bureau is tasked with
researching, analyzing, and reporting on
topics relating to the Bureau’s mission,
including developments in markets for
consumer financial products and
services, consumer awareness, and
consumer behavior. Under this generic
information collection plan, the Bureau
collects data through controlled trials in
field and economic laboratory settings.
This research is used for developmental
and informative purposes to increase
the Bureau’s understanding of consumer
credit markets and household financial
decision-making. Basic research projects
will be submitted under this clearance.
In consultation with OMB, the Bureau
is proposing to modify this generic
information collection plan to provide
for public notice and opportunity to
comment to OMB for each request
submitted under this generic
information collection plan.
khammond on DSKBBV9HB2PROD with NOTICES
Information Collections
Title of Collection: Savings and Debt
Study.
Generic Information Collection Plan.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
2,000.
Estimated Total Annual Burden
Hours: 500.
Abstract: This study will explore
consumers’ perceptions and motivations
around the experience of managing
savings and credit card debt
simultaneously. The goal of this project
is to better understand consumers’
preferences for savings and debt
management strategies, which can
inform the development of useful and
effective financial educational materials.
Title of Collection: Vague Language in
Disclosures Study.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
9,200.
Estimated Total Annual Burden
Hours: 2,800.
Abstract: This is a research project
designed to generate foundational
knowledge relevant to the design of
disclosures. This project will provide
knowledge about how vague language
influences the efficacy of disclosures.
Learning about the effects of vague
language on consumer understanding
and use of disclosures will provide
Bureau researchers with information
that may help them anticipate how
consumers will respond to a disclosure.
VerDate Sep<11>2014
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Jkt 247001
Title of Collection: Tiered Disclosure
Study.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
315.
Estimated Total Annual Burden
Hours: 630.
Abstract: In this laboratory research,
we will conduct a project related to
financial disclosure. This study will
examine the effects of different methods
of disclosure simplification, each
designed to help consumers make
choices. In order to estimate these
effects, participants will make choices
in a marketplace environment that we
construct. These marketplaces will vary
in terms of the disclosure form and
function. All respondents will be
members of an institution’s participant
pool who also express interest in taking
part in this research study. Participants
will come to the institution’s laboratory
to participate. The data that results from
this project will be analyzed for research
purposes only.
Title of Collection: Financial Scale
Development Testing.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
2,058.
Estimated Total Annual Burden
Hours: 562.
Abstract: In this research, we will
develop a scale measuring financial
behaviors. Specifically, we focus on the
tendency of consumers to take action(s)
to mitigate financial challenges that they
anticipate. Previous research has
distinguished between consumers who
do and do not foresee these types of
challenges. However, research has not
established whether the tendency to
engage in these behaviors can be
measured in a reliable way. Specifically,
no valid scales currently exist to
measure this trait. Our research fills this
gap. To develop this scale, we will
perform two types of data collection.
First, we will perform in-depth
interviews with a small sample of
consumers to ensure that our
questionnaire is easy to understand and
does not cause respondent confusion.
Second, we will conduct a series of
rounds of data collection in which we
will collect responses to the
questionnaire from U.S. consumers aged
18 and older. We will analyze the
responses received in each round of
data collection to refine the
questionnaire. Respondents will be
sampled from an internet panel. All
participants will volunteer to
participate. The data that results from
this project will be analyzed for research
purposes only.
PO 00000
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31309
Title of Collection: Disclosure Market
Study.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
240.
Estimated Total Annual Burden
Hours: 480.
Abstract: This study examines the
effect of different disclosure regimes on
market outcomes. In order to estimate
these effects, we will invite people to
participate in laboratory research in
which they will make choices in a
marketplace environment that we
construct. These marketplaces will vary
in terms of the disclosure requirements.
This laboratory study builds upon
earlier work conducted by the Bureau
that examines how the number of
product attributes in a disclosure affects
outcomes including consumers’ choice
of providers and realized market prices.
The earlier study found that when the
number of attributes of a product
increased (keeping product quality and
features constant), consumers selected
the more expensive product ten times
more often, and market prices increased
by over 30%. This study builds on that
work by examining whether and how
the findings change with increased
competition in the market.
Request for Comments: The Bureau
issued a 60-day Federal Register notice
on February 6, 2019, 84 FR 2175, Docket
Number: CFPB–2019–0005. Comments
were solicited and continue to be
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 may address the
overall information collection request
plan of any or all of the individual
collections. Comments submitted in
response to this notice will be reviewed
by OMB as part of its review of this
request. All comments will become a
matter of public record.
Dated: June 26, 2019.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of
Consumer Financial Protection.
[FR Doc. 2019–13974 Filed 6–28–19; 8:45 am]
BILLING CODE 4810–AM–P
E:\FR\FM\01JYN1.SGM
01JYN1
]]>Agencies
[Federal Register Volume 84, Number 126 (Monday, July 1, 2019)]
[Notices]
[Pages 31308-31309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13974]
=======================================================================
-----------------------------------------------------------------------
BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2019-0037]
Agency Information Collection Activities: Submission for OMB
Review; Comment Request
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
the Bureau of Consumer Financial Protection (Bureau) is proposing to
reinstate with change a previously approved collection, titled,
``Generic Information Collection Plan for Studies of Consumers Using
Controlled Trials in Field and Economic Laboratory Settings.'' Also in
accordance with the PRA, the Bureau is requesting Office of Management
and Budget (OMB) approval of the following generic Information
Collections titled, ``Savings and Debt Study,'' ``Vague Language in
Disclosures Study,'' ``Tiered Disclosure Study,'' ``Financial Scale
Development Testing,'' and ``Disclosure Market Study'' under this
Generic Information Collection Plan. Each of these information
collections are contemporaneously being submitted to OMB with the
request to reinstate with change the aforementioned generic information
collection plan.
DATES: Written comments are encouraged and must be received on or
before July 31, 2019 to be assured of consideration.
ADDRESSES: Comments in response to this notice are to be directed
towards OMB and to the attention of the OMB Desk Officer for the Bureau
of Consumer Financial Protection. 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.
Email: [email protected].
Fax: (202) 395-5806.
Mail: Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503.
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.reginfo.gov
(this link becomes active on the day following publication of this
notice). Select ``Information Collection Review,'' under ``Currently
under Review,'' use the dropdown menu ``Select Agency'' and select
``Consumer Financial Protection Bureau'' (recent submissions to OMB
will be at the top of the list). The same documentation is also
available at https://www.regulations.gov. Requests for additional
information should be directed to Darrin King, PRA Officer, at (202)
435-9575, or email: [email protected]. If you require this document in
an alternative electronic format, please contact
[email protected]. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Generic Information Collection Plan for
Studies of Consumers Using Controlled Trials in Field and Economic
Laboratory Settings.
OMB Control Number: 3170-0048.
Type of Review: Reinstatement with change of a previously approved
Information Collection.
Affected Public: Individuals and households.
Estimated Number of Respondents: 36,120 (three year period).
[[Page 31309]]
Estimated Total Burden Hours: 24,405 (three year period).
Abstract: Under the Dodd-Frank Wall Street Reform and Consumer
Protection Act, the Bureau is tasked with researching, analyzing, and
reporting on topics relating to the Bureau's mission, including
developments in markets for consumer financial products and services,
consumer awareness, and consumer behavior. Under this generic
information collection plan, the Bureau collects data through
controlled trials in field and economic laboratory settings. This
research is used for developmental and informative purposes to increase
the Bureau's understanding of consumer credit markets and household
financial decision-making. Basic research projects will be submitted
under this clearance.
In consultation with OMB, the Bureau is proposing to modify this
generic information collection plan to provide for public notice and
opportunity to comment to OMB for each request submitted under this
generic information collection plan.
Information Collections
Title of Collection: Savings and Debt Study.
Generic Information Collection Plan.
Affected Public: Individuals or households.
Estimated Number of Respondents: 2,000.
Estimated Total Annual Burden Hours: 500.
Abstract: This study will explore consumers' perceptions and
motivations around the experience of managing savings and credit card
debt simultaneously. The goal of this project is to better understand
consumers' preferences for savings and debt management strategies,
which can inform the development of useful and effective financial
educational materials.
Title of Collection: Vague Language in Disclosures Study.
Affected Public: Individuals or households.
Estimated Number of Respondents: 9,200.
Estimated Total Annual Burden Hours: 2,800.
Abstract: This is a research project designed to generate
foundational knowledge relevant to the design of disclosures. This
project will provide knowledge about how vague language influences the
efficacy of disclosures. Learning about the effects of vague language
on consumer understanding and use of disclosures will provide Bureau
researchers with information that may help them anticipate how
consumers will respond to a disclosure.
Title of Collection: Tiered Disclosure Study.
Affected Public: Individuals or households.
Estimated Number of Respondents: 315.
Estimated Total Annual Burden Hours: 630.
Abstract: In this laboratory research, we will conduct a project
related to financial disclosure. This study will examine the effects of
different methods of disclosure simplification, each designed to help
consumers make choices. In order to estimate these effects,
participants will make choices in a marketplace environment that we
construct. These marketplaces will vary in terms of the disclosure form
and function. All respondents will be members of an institution's
participant pool who also express interest in taking part in this
research study. Participants will come to the institution's laboratory
to participate. The data that results from this project will be
analyzed for research purposes only.
Title of Collection: Financial Scale Development Testing.
Affected Public: Individuals or households.
Estimated Number of Respondents: 2,058.
Estimated Total Annual Burden Hours: 562.
Abstract: In this research, we will develop a scale measuring
financial behaviors. Specifically, we focus on the tendency of
consumers to take action(s) to mitigate financial challenges that they
anticipate. Previous research has distinguished between consumers who
do and do not foresee these types of challenges. However, research has
not established whether the tendency to engage in these behaviors can
be measured in a reliable way. Specifically, no valid scales currently
exist to measure this trait. Our research fills this gap. To develop
this scale, we will perform two types of data collection. First, we
will perform in-depth interviews with a small sample of consumers to
ensure that our questionnaire is easy to understand and does not cause
respondent confusion. Second, we will conduct a series of rounds of
data collection in which we will collect responses to the questionnaire
from U.S. consumers aged 18 and older. We will analyze the responses
received in each round of data collection to refine the questionnaire.
Respondents will be sampled from an internet panel. All participants
will volunteer to participate. The data that results from this project
will be analyzed for research purposes only.
Title of Collection: Disclosure Market Study.
Affected Public: Individuals or households.
Estimated Number of Respondents: 240.
Estimated Total Annual Burden Hours: 480.
Abstract: This study examines the effect of different disclosure
regimes on market outcomes. In order to estimate these effects, we will
invite people to participate in laboratory research in which they will
make choices in a marketplace environment that we construct. These
marketplaces will vary in terms of the disclosure requirements. This
laboratory study builds upon earlier work conducted by the Bureau that
examines how the number of product attributes in a disclosure affects
outcomes including consumers' choice of providers and realized market
prices. The earlier study found that when the number of attributes of a
product increased (keeping product quality and features constant),
consumers selected the more expensive product ten times more often, and
market prices increased by over 30%. This study builds on that work by
examining whether and how the findings change with increased
competition in the market.
Request for Comments: The Bureau issued a 60-day Federal Register
notice on February 6, 2019, 84 FR 2175, Docket Number: CFPB-2019-0005.
Comments were solicited and continue to be 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 may address the overall
information collection request plan of any or all of the individual
collections. Comments submitted in response to this notice will be
reviewed by OMB as part of its review of this request. All comments
will become a matter of public record.
Dated: June 26, 2019.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial
Protection.
[FR Doc. 2019-13974 Filed 6-28-19; 8:45 am]
BILLING CODE 4810-AM-P
