Proposed Agency Information Collection Activities; Comment Request, 2742-2744 [2020-00634]

Download as PDF 2742 Federal Register / Vol. 85, No. 11 / Thursday, January 16, 2020 / Notices Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the PRA to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. khammond on DSKJM1Z7X2PROD with NOTICES Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal. Proposal Under OMB Delegated Authority To Implement the Following Information Collection Report title: Pre-Hire Conflict of Interest Screening Form. Agency form number: FR 28c. OMB control number: 7100–NEW. Frequency: As needed. Respondents: Individuals who have been selected for an interview during the hiring process. Estimated number of respondents: 2,300. VerDate Sep<11>2014 17:49 Jan 15, 2020 Jkt 250001 Estimated average hours per response: 0.5. Estimated annual burden hours: 1,150. General description of report: The proposed FR 28c form will collect information from external applicants applying to the Board regarding certain financial interests and business relationships held by the applicant and by his/her immediate family members, as well as the external applicant’s involvement with certain outside organizations, to determine whether a conflict of interest may exist, which could impact the applicant’s ability to fulfill the responsibilities associated with the position for which they have applied. Legal authorization and confidentiality: The collection of this information is authorized by section 10 of the Federal Reserve Act, 12 U.S.C. 244, which provides that the ‘‘employment, compensation, leave, and expenses’’ of Board employees ‘‘shall be governed solely by the provisions of this chapter and rules and regulations of the Board not inconsistent therewith.’’ In addition, pursuant to regulations promulgated by the Office of Government Ethics (OGE) pursuant to 5 U.S.C. 7301, each executive agency’s designated ethics officer is required to provide ‘‘advice and counseling to prospective . . . employees regarding government ethics laws and regulations’’ and to ‘‘maintain records of agency ethics program activities’’ (5 CFR 2638.104(c)(2) and (4)). Providing the information collected on the FR 28c form is required in order to obtain the benefit of Board employment. Generally, information provided on the FR 28c form may be kept confidential from the public under exemption 6 of the Freedom of Information Act (FOIA), which protects information in ‘‘personnel and medical files and similar files the disclosure of which would constitute a clearly unwarranted invasion of personal privacy’’ (5 U.S.C. 552(b)(6)). In addition, financial information collected on the form (such as confidential details about the amount of shares an applicant, their spouse, or minor child owns in a bank) may be withheld under exemption 4 of the FOIA, which protects ‘‘financial information obtained from a person [that is] privileged and confidential’’ (5 U.S.C. 552(b)(4)). PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, January 13, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–00614 Filed 1–15–20; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. AGENCY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Registration of Mortgage Loan Originators (CFPB G; OMB No. 7100– 0328). DATES: Comments must be submitted on or before March 16, 2020. ADDRESSES: You may submit comments, identified by CFPB G, by any of the following methods: • Agency Website: https:// www.federalreserve.gov/. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include the OMB number in the subject line of the message. • FAX: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. All public comments are available from the Board’s website at https:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable information at the commenter’s request. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. SUMMARY: E:\FR\FM\16JAN1.SGM 16JAN1 Federal Register / Vol. 85, No. 11 / Thursday, January 16, 2020 / Notices Additionally, commenters may send a copy of their comments to the Office of Management and Budget (OMB) Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: A copy of the Paperwork Reduction Act (PRA) OMB submission, including the reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, if approved. These documents will also be made available on the Board’s public website at https://www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the PRA to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. khammond on DSKJM1Z7X2PROD with NOTICES Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and VerDate Sep<11>2014 17:49 Jan 15, 2020 Jkt 250001 e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal. Proposal Under OMB Delegated Authority To Extend for Three Years, Without Revision, the Following Information Collection Report title: Registration of Mortgage Loan Originators. Agency form number: CFPB G. OMB control number: 7100–0328. Frequency: Annually. Respondents: State member banks (SMBs) with $10 billion or less in total assets that are not affiliates of insured depository institutions with total assets of more than $10 billion; subsidiaries of such SMBs that are not functionally regulated within the meaning of section 5(c)(5) of the Bank Holding Company Act; branches and agencies of foreign banks (other than federal branches, federal agencies, and insured state branches of foreign banks); and commercial lending companies owned or controlled by foreign banks (collectively, ‘‘banking organizations’’), as well as employees of banking organizations who act as residential mortgage loan originators (MLOs). Estimated number of respondents: MLO’s (new)—initial set up, 396 respondents; MLO’s (new)—disclosure, 396 respondents; MLO’s (existing)— updates for changes, 11,422 respondents; MLO’s (existing)— maintenance and disclosures, 22,844 respondents; Banking organizations, 674 respondents. Estimated average hours per response: MLO’s (new)—initial set up, 2.5 hours; MLO’s (new)—disclosure, 1 hour; MLO’s (existing)—updates for changes, 0.25 hour; MLO’s (existing)— maintenance and disclosures, 0.85 hour; Depository Institutions and subsidiaries, 118 hours. Estimated annual burden hours: MLO’s (new)—initial set up, 990 hours; MLO’s (new)—disclosure, 396 hours; MLO’s (existing)—updates for changes, 2,856 hours; MLO’s (existing)— maintenance and disclosures, 19,417 hours; Banking organizations, 79,532 hours. General description of report: In accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act), the Consumer Financial Protection Bureau’s (CFPB) Regulation G requires MLOs to register with the Nationwide Mortgage Licensing System PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 2743 and Registry (NMLS or Registry),1 maintain this registration, obtain a unique identifier, and disclose to consumers upon request and through the Registry their unique identifier and the MLO’s employment history and publicly adjudicated disciplinary and enforcement actions. The CFPB’s regulation also requires the institutions employing MLOs to adopt and follow written policies and procedures to ensure that their employees comply with these requirements and to conduct annual independent compliance tests. Legal authorization and confidentiality: The CFPB’s Regulation G is authorized pursuant to the S.A.F.E. Act and the Dodd-Frank Act, which transferred to the CFPB the ‘‘consumer financial protection functions,’’ including the S.A.F.E. Act, previously vested in certain other Federal agencies.2 The Board is authorized to enforce consumer financial protection functions, including the CFPB’s Regulation G, with respect to SMBs with $10 billion or less in total assets that are not affiliates of insured depository institutions with total assets of more than $10 billion and the subsidiaries of such SMBs that are not functionally regulated within the meaning of section 5(c)(5) of the Bank Holding Company Act (see 12 U.S.C. 1844(c)(5)) under section 1061 of the Dodd Frank Act.3 The International Banking Act (IBA) requires ‘‘every branch or agency of a foreign bank and every commercial lending company controlled by one or more foreign banks . . . [to] conduct its operations in the United States in full compliance with provisions of any law of the United States . . . which impose requirements that protect the rights of consumers in financial transactions, to the extent that the branch, agency, or commercial lending company engages in activities that are subject to such laws.’’ 4 The Board has authority to examine branches and agencies of foreign banks and commercial lending companies owned or controlled by foreign banks and to enforce the provisions of the IBA pursuant to sections 7 and 13 of the IBA.5 The CFPB G is mandatory. The unique identifier of MLOs must be made public and is not considered confidential. In addition, most of the information that MLOs submit in order to register with the NMLS will be publicly available. However, certain 1 https:// mortgage.nationwidelicensingsystem.org/Pages/ default.aspx. 2 12 U.S.C. 5101 et seq.; 12 U.S.C. 5581. 3 12 U.S.C. 5581(c). 4 12 U.S.C. 3106a(1). 5 12 U.S.C. 3105(c) and 3108(b). E:\FR\FM\16JAN1.SGM 16JAN1 2744 Federal Register / Vol. 85, No. 11 / Thursday, January 16, 2020 / Notices identifying data about individuals who act as MLOs may be treated as confidential pursuant to exemption 6 of the Freedom of Information Act (FOIA), which protects from disclosure information that ‘‘would constitute a clearly unwarranted invasion of personal privacy.’’ 6 With respect to the information collection requirements imposed on banking organizations, because banking organizations are required to retain their own records and make certain disclosures to customers, the FOIA would only be implicated if the Board’s examiners obtained a copy of these records as part of the examination or supervision of a financial institution. Records obtained in this manner may be exempt from disclosure under FOIA exemption 8, regarding examinationrelated materials.7 Board of Governors of the Federal Reserve System, January 13, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–00634 Filed 1–15–20; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families Submission for OMB Review; Tribal Maternal, Infant, and Early Childhood Home Visiting Program Form 2: Grantee Performance Measures (OMB #0970–0500) Office of Child Care; Administration for Children and Families; HHS. ACTION: Request for public comment. AGENCY: The Administration for Children and Families (ACF) is requesting a 3-year extension of the ACF—Tribal Maternal, Infant, and Early Childhood Home Visiting (Tribal MIECHV) Program Form 2: Grantee Performance Measures (OMB #0970– 0500; Expiration date 8/31/2020). There are no changes requested to the form. DATES: Comments due within 30 days of publication. OMB is required to make a SUMMARY: decision concerning the collection of information between 30 and 60 days after publication of this document in the Federal Register. Therefore, a comment is best assured of having its full effect if OMB receives it within 30 days of publication. Written comments and recommendations for the proposed information collection should be sent directly to the following: Office of Management and Budget, Paperwork Reduction Project, Email: OIRA_ SUBMISSION@OMB.EOP.GOV, Attn: Desk Officer for the Administration for Children and Families. Copies of the proposed collection may be obtained by emailing infocollection@ acf.hhs.gov. Alternatively, copies can also be obtained by writing to the Administration for Children and Families, Office of Planning, Research, and Evaluation, 330 C Street SW, Washington, DC 20201, Attn: ACF Reports Clearance Officer. All requests, emailed or written, should be identified by the title of the information collection. SUPPLEMENTARY INFORMATION: Description: The Maternal, Infant, and Early Childhood Home Visiting Program (MIECHV) authorizes the Secretary of HHS (in Section 511(h)(2)(A)) to award grants to Indian tribes (or a consortium of Indian tribes), tribal organizations, or urban Indian organizations to conduct an early childhood home visiting program. The legislation set aside 3 percent of the total MIECHV program appropriation for grants to tribal entities. Tribal MIECHV grants, to the greatest extent practicable, are to be consistent with the requirements of the MIECHV grants to states and jurisdictions and include conducting a needs assessment and establishing quantifiable, measurable benchmarks. The ACF, Office of Child Care, in collaboration with the Health Resources and Services Administration, Maternal and Child Health Bureau, awards grants for the Tribal MIECHV Program. The Tribal MIECHV grant awards support 5year cooperative agreements to conduct community needs assessments; plan for and implement high-quality, culturally relevant, evidence-based home visiting programs in at-risk tribal communities; ADDRESSES: collect and report on performance measures; and participate in research and evaluation activities to build the knowledge base on home visiting among Native populations. Specifically, the MIECHV legislation requires that State and Tribal MIECHV grantees collect performance data to measure improvements for eligible families in six specified areas (referred to as ‘‘benchmark areas’’) that encompass the major goals for the program. These include: 1. Improved maternal and newborn health; 2. Prevention of child injuries, child abuse, neglect, or maltreatment, and reduction in emergency department visits; 3. Improvement in school readiness and achievement; 4. Reduction in crime or domestic violence; 5. Improvement in family economic self-sufficiency; and 6. Improvement in the coordination and referrals for other community resources and supports. Tribal MIECHV grantees are required to propose a plan for meeting the benchmark requirements specified in the legislation and must report on improvement on constructs under each benchmark area. Tribal Home Visiting (HV) Form 2 will provide a template for Tribal MIECHV grantees to report data on their progress in improving performance under the six benchmark areas, as stipulated in the legislation. ACF will continue to use Tribal HV Form 2 to: • Track and improve the quality of benchmark measures data submitted by the Tribal grantees; • Improve program monitoring and oversight; • Improve rigorous data analyses that help to assess the effectiveness of the programs and enable ACF to better monitor projects; and • Ensure adequate and timely reporting of program data to relevant federal agencies and stakeholders including Congress and members of the public. Respondents: Tribal MIECHV Program Grantees. khammond on DSKJM1Z7X2PROD with NOTICES ANNUAL BURDEN ESTIMATES Instrument Total number of respondents Annual number of responses per respondent Average burden hours per response Annual burden hours Tribal MIECHV Form 2 .................................................................................... 23 1 500 11,500 65 U.S.C. 552(b)(6). VerDate Sep<11>2014 17:49 Jan 15, 2020 75 Jkt 250001 PO 00000 U.S.C. 552(b)(8). Frm 00052 Fmt 4703 Sfmt 4703 E:\FR\FM\16JAN1.SGM 16JAN1

Agencies

[Federal Register Volume 85, Number 11 (Thursday, January 16, 2020)]
[Notices]
[Pages 2742-2744]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00634]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Registration of Mortgage Loan Originators (CFPB G; OMB 
No. 7100-0328).

DATES: Comments must be submitted on or before March 16, 2020.

ADDRESSES: You may submit comments, identified by CFPB G, by any of the 
following methods:
     Agency Website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include the OMB 
number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any identifying or 
contact information. Public comments may also be viewed electronically 
or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, 
between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the 
Board requires that visitors make an appointment to inspect comments. 
You may do so by calling (202) 452-3684. Upon arrival, visitors will be 
required to present valid government-issued photo identification and to 
submit to security screening in order to inspect and photocopy 
comments.

[[Page 2743]]

    Additionally, commenters may send a copy of their comments to the 
Office of Management and Budget (OMB) Desk Officer--Shagufta Ahmed--
Office of Information and Regulatory Affairs, Office of Management and 
Budget, New Executive Office Building, Room 10235, 725 17th Street NW, 
Washington, DC 20503, or by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the Paperwork Reduction Act 
(PRA) OMB submission, including the reporting form and instructions, 
supporting statement, and other documentation will be placed into OMB's 
public docket files, if approved. These documents will also be made 
available on the Board's public website at https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of 
the Chief Data Officer, Board of Governors of the Federal Reserve 
System, Washington, DC 20551, (202) 452-3829.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the PRA to approve and assign OMB control numbers to 
collections of information conducted or sponsored by the Board. In 
exercising this delegated authority, the Board is directed to take 
every reasonable step to solicit comment. In determining whether to 
approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board's estimate of the burden of the 
proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Board 
should modify the proposal.

Proposal Under OMB Delegated Authority To Extend for Three Years, 
Without Revision, the Following Information Collection

    Report title: Registration of Mortgage Loan Originators.
    Agency form number: CFPB G.
    OMB control number: 7100-0328.
    Frequency: Annually.
    Respondents: State member banks (SMBs) with $10 billion or less in 
total assets that are not affiliates of insured depository institutions 
with total assets of more than $10 billion; subsidiaries of such SMBs 
that are not functionally regulated within the meaning of section 
5(c)(5) of the Bank Holding Company Act; branches and agencies of 
foreign banks (other than federal branches, federal agencies, and 
insured state branches of foreign banks); and commercial lending 
companies owned or controlled by foreign banks (collectively, ``banking 
organizations''), as well as employees of banking organizations who act 
as residential mortgage loan originators (MLOs).
    Estimated number of respondents: MLO's (new)--initial set up, 396 
respondents; MLO's (new)--disclosure, 396 respondents; MLO's 
(existing)--updates for changes, 11,422 respondents; MLO's (existing)--
maintenance and disclosures, 22,844 respondents; Banking organizations, 
674 respondents.
    Estimated average hours per response: MLO's (new)--initial set up, 
2.5 hours; MLO's (new)--disclosure, 1 hour; MLO's (existing)--updates 
for changes, 0.25 hour; MLO's (existing)--maintenance and disclosures, 
0.85 hour; Depository Institutions and subsidiaries, 118 hours.
    Estimated annual burden hours: MLO's (new)--initial set up, 990 
hours; MLO's (new)--disclosure, 396 hours; MLO's (existing)--updates 
for changes, 2,856 hours; MLO's (existing)--maintenance and 
disclosures, 19,417 hours; Banking organizations, 79,532 hours.
    General description of report: In accordance with the Secure and 
Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act), the 
Consumer Financial Protection Bureau's (CFPB) Regulation G requires 
MLOs to register with the Nationwide Mortgage Licensing System and 
Registry (NMLS or Registry),\1\ maintain this registration, obtain a 
unique identifier, and disclose to consumers upon request and through 
the Registry their unique identifier and the MLO's employment history 
and publicly adjudicated disciplinary and enforcement actions. The 
CFPB's regulation also requires the institutions employing MLOs to 
adopt and follow written policies and procedures to ensure that their 
employees comply with these requirements and to conduct annual 
independent compliance tests.
---------------------------------------------------------------------------

    \1\ https://mortgage.nationwidelicensingsystem.org/Pages/default.aspx.
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The CFPB's Regulation G is 
authorized pursuant to the S.A.F.E. Act and the Dodd-Frank Act, which 
transferred to the CFPB the ``consumer financial protection 
functions,'' including the S.A.F.E. Act, previously vested in certain 
other Federal agencies.\2\ The Board is authorized to enforce consumer 
financial protection functions, including the CFPB's Regulation G, with 
respect to SMBs with $10 billion or less in total assets that are not 
affiliates of insured depository institutions with total assets of more 
than $10 billion and the subsidiaries of such SMBs that are not 
functionally regulated within the meaning of section 5(c)(5) of the 
Bank Holding Company Act (see 12 U.S.C. 1844(c)(5)) under section 1061 
of the Dodd Frank Act.\3\ The International Banking Act (IBA) requires 
``every branch or agency of a foreign bank and every commercial lending 
company controlled by one or more foreign banks . . . [to] conduct its 
operations in the United States in full compliance with provisions of 
any law of the United States . . . which impose requirements that 
protect the rights of consumers in financial transactions, to the 
extent that the branch, agency, or commercial lending company engages 
in activities that are subject to such laws.'' \4\ The Board has 
authority to examine branches and agencies of foreign banks and 
commercial lending companies owned or controlled by foreign banks and 
to enforce the provisions of the IBA pursuant to sections 7 and 13 of 
the IBA.\5\ The CFPB G is mandatory.
---------------------------------------------------------------------------

    \2\ 12 U.S.C. 5101 et seq.; 12 U.S.C. 5581.
    \3\ 12 U.S.C. 5581(c).
    \4\ 12 U.S.C. 3106a(1).
    \5\ 12 U.S.C. 3105(c) and 3108(b).
---------------------------------------------------------------------------

    The unique identifier of MLOs must be made public and is not 
considered confidential. In addition, most of the information that MLOs 
submit in order to register with the NMLS will be publicly available. 
However, certain

[[Page 2744]]

identifying data about individuals who act as MLOs may be treated as 
confidential pursuant to exemption 6 of the Freedom of Information Act 
(FOIA), which protects from disclosure information that ``would 
constitute a clearly unwarranted invasion of personal privacy.'' \6\
---------------------------------------------------------------------------

    \6\ 5 U.S.C. 552(b)(6).
---------------------------------------------------------------------------

    With respect to the information collection requirements imposed on 
banking organizations, because banking organizations are required to 
retain their own records and make certain disclosures to customers, the 
FOIA would only be implicated if the Board's examiners obtained a copy 
of these records as part of the examination or supervision of a 
financial institution. Records obtained in this manner may be exempt 
from disclosure under FOIA exemption 8, regarding examination-related 
materials.\7\
---------------------------------------------------------------------------

    \7\ 5 U.S.C. 552(b)(8).

    Board of Governors of the Federal Reserve System, January 13, 
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-00634 Filed 1-15-20; 8:45 am]
 BILLING CODE 6210-01-P