Agency Information Collection Activities: Proposed Collection; Comment Request; Disclosure and Recordkeeping Requirements Under the Truth in Savings Act (TISA), 23070-23071 [2020-08711]

Download as PDF 23070 Federal Register / Vol. 85, No. 80 / Friday, April 24, 2020 / Notices WebEx only. You must use a touch tone phone to participate in this meeting. Any interested person may dial the toll free access number 1–844–467–6272 or toll access number 1–720–259–6462, and then the numeric participant passcode: 423307 followed by the # sign. Note: If dialing in, please ‘‘mute’’ your telephone. To join via WebEx, use the link: https:// nasaenterprise.webex.com/. The meeting number is 907 005 879 and the password is ckUN4wy5N$2 (password is case sensitive). The agenda for the meeting will include the following topics: —Opening Remarks by Chair —STEM Engagement Update —National STEM Activities —NASA Role with Historically Black Colleges and Universities and Tribal Colleges —Performance and Evaluation Update —Findings and Recommendations to the NASA Advisory Council —Other Related Topics It is imperative that the meeting be held on this date to accommodate the scheduling priorities of the key participants. Patricia Rausch, Advisory Committee Management Officer, National Aeronautics and Space Administration. [FR Doc. 2020–08747 Filed 4–23–20; 8:45 am] BILLING CODE 7510–13–P Patricia Rausch, Advisory Committee Management Officer, National Aeronautics and Space Administration. NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [Notice: (20–044)] NASA Advisory Council; Human Explorations and Operations Committee; Meeting [FR Doc. 2020–08748 Filed 4–23–20; 8:45 am] National Aeronautics and Space Administration. ACTION: Notice of meeting. NATIONAL CREDIT UNION ADMINISTRATION BILLING CODE 7510–13–P AGENCY: In accordance with the Federal Advisory Committee Act, as amended, the National Aeronautics and Space Administration (NASA) announces a meeting of the Human Explorations and Operations Committee of the NASA Advisory Council (NAC). This Committee reports to the NAC. DATES: Wednesday, May 13, 2020, 10:00 a.m. to 3:00 p.m.; and Thursday, May 14, 2020, 10:00 a.m. to 3:30 p.m., Eastern Time. ADDRESSES: Virtual meeting by dial-in teleconference and WebEx only. FOR FURTHER INFORMATION CONTACT: Dr. Bette Siegel, Designated Federal Officer, Human Exploration and Operations SUMMARY: khammond on DSKJM1Z7X2PROD with NOTICES Mission Directorate, NASA Headquarters, Washington, DC 20546, via email at bette.siegel@nasa.gov or 202–358–2245. SUPPLEMENTARY INFORMATION: This meeting will be available telephonically and by WebEx only. You must use a touch-tone phone to participate in this meeting. Any interested person may dial the toll-free access number 1–800–593– 9971 or toll access number 1–517–308– 9316, and then the numeric participant passcode: 4648477 to participate in the meeting for both days. Note: If dialing in, please ‘‘mute’’ your telephone. The WebEx link is https:// nasaenterprise.webex.com; the meeting number is 907 086 072 and the password is Exploration@2020 (case sensitive) for both days. The agenda for the meeting includes the following topics: —Human Exploration and Operations Update —Budget —Advanced Exploration Systems —Gateway —Human Landing System —Exploration Systems Development —International Space Station —Commercial Crew —Commercialization of Low Earth Orbit —NASA’s Plan for Sustained Lunar Exploration and Development It is imperative that this meeting be held on this day to accommodate the scheduling priorities of the key participants. VerDate Sep<11>2014 17:03 Apr 23, 2020 Jkt 250001 Agency Information Collection Activities: Proposed Collection; Comment Request; Disclosure and Recordkeeping Requirements Under the Truth in Savings Act (TISA) National Credit Union Administration (NCUA). ACTION: Notice and request for comment. AGENCY: The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995. SUMMARY: PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 Written comments should be received on or before June 23, 2020 to be assured consideration. ADDRESSES: Interested persons are invited to submit written comments on the information collection to Dawn Wolfgang, National Credit Union Administration, 1775 Duke Street, Suite 6032, Alexandria, Virginia 22314; Fax No. 703–519–8579; or email at PRAComments@NCUA.gov. Given the limited in-house staff because of the COVID–19 pandemic, email comments are preferred. FOR FURTHER INFORMATION CONTACT: Address requests for additional information to Dawn Wolfgang at the eaddress above or telephone 703–548– 2279. SUPPLEMENTARY INFORMATION: OMB Number: 3133–0134. Title: Disclosure and Recordkeeping Requirements in Connection with 12 CFR part 707 (Truth in Savings). Type of Review: Extension of a currently approved collection. Abstract: The Truth in Savings Act (TISA), 12 U.S.C. 4301 et seq., requires depository institutions to disclose to consumers certain information, including interest rates, dividends, bonuses, and fees associated with their deposit accounts and accompanying services. TISA also directed the National Credit Union Administration (NCUA) to promulgate a TISA regulation governing credit unions. Section 272(b) of TISA, 12 U.S.C. 4311(b), mandated that the NCUA regulation be ‘‘substantially similar’’ to those of the Consumer Financial Protection Bureau (CFPB), but the NCUA may take into account the unique nature of credit unions and the limitations under which they may pay dividends. To implement TISA, the NCUA published its TISA regulation, 12 CFR part 707, which applies to all credit unions whose accounts are either insured by, or eligible to be insured by, the National Credit Union Share Insurance Fund, except for any credit union that has been designated as a corporate credit union and any nonautomated credit union that has $2 million or less in assets (together, ‘‘credit unions’’). In addition, the advertising rules apply to any person who advertises an account offered by a credit union. The NCUA’s TISA regulation requires credit unions to disclose fees, dividend rates and other terms concerning accounts to members or potential members before they open accounts. The NCUA’s TISA regulation requires credit unions to provide specific DATES: E:\FR\FM\24APN1.SGM 24APN1 khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 85, No. 80 / Friday, April 24, 2020 / Notices disclosures when an account is opened, when a disclosed term changes or a term account is close to renewal, on periodic statements of account activity, in advertisements, and upon a member’s or potential member’s request. Credit unions that provide periodic statements are required to include information about fees imposed, the annual percentage yield (APY) earned during those statement periods, and other account terms. The requirements for creating and disseminating account disclosures, change in terms notices, term share renewal notices, statement disclosures, and advertising disclosures are necessary to implement TISA’s purpose of providing the public with information that will permit informed comparisons of accounts at financial institutions. The collection of information pursuant to Part 707 is triggered by specific events and disclosures and must be provided to consumers within the time periods established under the regulation. Credit unions must retain evidence of compliance for a minimum of two years after the disclosures are required to be made or an action is required to be taken. Affected Public: Private Sector: Notfor-profit institutions. Estimated Number of Respondents: 5,322. Frequency: Upon occurrence of triggering action. Estimated Total Annual Responses: 4,869,630. Estimated Hours per Response: 0.07. Estimated Total Annual Burden Hours: 373,870. Request for Comments: Comments submitted in response to this notice will be summarized and included in the request for Office of Management and Budget approval. All comments will become a matter of public record. The public is invited to submit comments concerning: (a) Whether the collection of information is necessary for the proper execution of the function of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information, including the validity of the methodology and 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 the information on the respondents, including the use of automated collection techniques or other forms of information technology. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on April 20, 2020. VerDate Sep<11>2014 17:03 Apr 23, 2020 Jkt 250001 Dated: April 21, 2020. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2020–08711 Filed 4–23–20; 8:45 am] BILLING CODE 7535–01–P NUCLEAR REGULATORY COMMISSION [NRC–2020–0001] Sunshine Act Meetings Week of April 20, 2020. Commissioners’ Conference Room, 11555 Rockville Pike, Rockville, Maryland. STATUS: Via Teleconference. TIME AND DATE: PLACE: Week of April 20, 2020 Thursday, April 23, 2020 11:00 a.m. Affirmation Session (Public Meeting via Teleconference) (Tentative) a. Florida Power & Light Co. (Turkey Point Nuclear Generating Units 3 and 4)—Referred Ruling in LBP–19–3 and FPL’s Appeal of LPB–19–3 (Tentative) b. Direct Final Rule—Social Security Number Fraud Prevention (NRC–2018– 0303; RIN 3150–AK27) (Tentative) c. Holtec International (HI–STORE Consolidated Interim Storage Facility), Appeals of LBP–19–4; Motions for New Contentions (Tentative) d. FirstEnergy Nuclear Operating Co. and FirstEnergy Nuclear Generation, LLC (Beaver Valley Power Station, Units 1 and 2; Davis-Besse Nuclear Power Station, Unit 1; Perry Nuclear Power Plant, Unit 1), Request for Hearing in License Transfer Proceeding (Tentative) (Contact: Denise McGovern: 301–415– 0681) ADDITIONAL INFORMATION: By a vote of 4– 0 on April 20, 21, and 22, 2020, the Commission determined pursuant to U.S.C. 552b(e) and ’9.107(a) of the Commission’s rules that the above referenced Affirmation Session be held with less than one week notice to the public. The meeting is scheduled on April 23, 2020 and will be held via teleconference. Details for joining the teleconference in listen only mode can be found at https://www.nrc.gov/pmns/ mtg. CONTACT PERSON FOR MORE INFORMATION: For more information or to verify the status of meetings, contact Denise McGovern at 301–415–0681 or via email at Denise.McGovern@nrc.gov. The schedule for Commission meetings is subject to change on short notice. The NRC Commission Meeting Schedule can be found on the internet at: https://www.nrc.gov/public-involve/ public-meetings/schedule.html. PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 23071 The NRC provides reasonable accommodation to individuals with disabilities where appropriate. If you need a reasonable accommodation to participate in these public meetings or need this meeting notice or the transcript or other information from the public meetings in another format (e.g., braille, large print), please notify Anne Silk, NRC Disability Program Specialist, at 301–287–0745, by videophone at 240–428–3217, or by email at Anne.Silk@nrc.gov. Determinations on requests for reasonable accommodation will be made on a case-by-case basis. Members of the public may request to receive this information electronically. If you would like to be added to the distribution, please contact the Nuclear Regulatory Commission, Office of the Secretary, Washington, DC 20555 (301– 415–1969), or by email at Wendy.Moore@nrc.gov or Tyesha.Bush@ nrc.gov. The NRC is holding the meetings under the authority of the Government in the Sunshine Act, 5 U.S.C. 552b. Dated: April 22, 2020. For the Nuclear Regulatory Commission. Denise L. McGovern, Policy Coordinator, Office of the Secretary. [FR Doc. 2020–08892 Filed 4–22–20; 4:15 pm] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION [Docket No. 50–264; NRC–2020–0048] In the Matter of the Dow Chemical Company; Dow TRIGA Research Reactor Nuclear Regulatory Commission. ACTION: Indirect transfer of license; order. AGENCY: The U.S. Nuclear Regulatory Commission (NRC, the Commission) is issuing an order approving an application filed by the Dow Chemical Company (TDCC) on November 22, 2019. The application sought NRC approval of the indirect transfer of control of Renewed Facility Operating License No. R–108 for the Dow TRIGA Research Reactor (DTRR). The indirect transfer of control resulted from the merger of TDCC with E.I. du Pont De Nemours and Company in August 2017, which established a new parent company, DowDuPont, Inc. Subsequently, in April 2019, Dow, Inc. was formed as a separate company from DowDuPont, Inc. and TDCC became a wholly-owned subsidiary of Dow, Inc. The NRC determined that TDCC SUMMARY: E:\FR\FM\24APN1.SGM 24APN1

Agencies

[Federal Register Volume 85, Number 80 (Friday, April 24, 2020)]
[Notices]
[Pages 23070-23071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08711]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Disclosure and Recordkeeping Requirements Under the 
Truth in Savings Act (TISA)

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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

SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before June 23, 2020 
to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 6032, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or email at [email protected]. Given 
the limited in-house staff because of the COVID-19 pandemic, email 
comments are preferred.

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Dawn Wolfgang at the e-address above or telephone 703-
548-2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0134.
    Title: Disclosure and Recordkeeping Requirements in Connection with 
12 CFR part 707 (Truth in Savings).
    Type of Review: Extension of a currently approved collection.
    Abstract: The Truth in Savings Act (TISA), 12 U.S.C. 4301 et seq., 
requires depository institutions to disclose to consumers certain 
information, including interest rates, dividends, bonuses, and fees 
associated with their deposit accounts and accompanying services.
    TISA also directed the National Credit Union Administration (NCUA) 
to promulgate a TISA regulation governing credit unions. Section 272(b) 
of TISA, 12 U.S.C. 4311(b), mandated that the NCUA regulation be 
``substantially similar'' to those of the Consumer Financial Protection 
Bureau (CFPB), but the NCUA may take into account the unique nature of 
credit unions and the limitations under which they may pay dividends.
    To implement TISA, the NCUA published its TISA regulation, 12 CFR 
part 707, which applies to all credit unions whose accounts are either 
insured by, or eligible to be insured by, the National Credit Union 
Share Insurance Fund, except for any credit union that has been 
designated as a corporate credit union and any non-automated credit 
union that has $2 million or less in assets (together, ``credit 
unions''). In addition, the advertising rules apply to any person who 
advertises an account offered by a credit union. The NCUA's TISA 
regulation requires credit unions to disclose fees, dividend rates and 
other terms concerning accounts to members or potential members before 
they open accounts.
    The NCUA's TISA regulation requires credit unions to provide 
specific

[[Page 23071]]

disclosures when an account is opened, when a disclosed term changes or 
a term account is close to renewal, on periodic statements of account 
activity, in advertisements, and upon a member's or potential member's 
request. Credit unions that provide periodic statements are required to 
include information about fees imposed, the annual percentage yield 
(APY) earned during those statement periods, and other account terms. 
The requirements for creating and disseminating account disclosures, 
change in terms notices, term share renewal notices, statement 
disclosures, and advertising disclosures are necessary to implement 
TISA's purpose of providing the public with information that will 
permit informed comparisons of accounts at financial institutions.
    The collection of information pursuant to Part 707 is triggered by 
specific events and disclosures and must be provided to consumers 
within the time periods established under the regulation. Credit unions 
must retain evidence of compliance for a minimum of two years after the 
disclosures are required to be made or an action is required to be 
taken.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 5,322.
    Frequency: Upon occurrence of triggering action.
    Estimated Total Annual Responses: 4,869,630.
    Estimated Hours per Response: 0.07.
    Estimated Total Annual Burden Hours: 373,870.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
execution of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and 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 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on April 20, 2020.

    Dated: April 21, 2020.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2020-08711 Filed 4-23-20; 8:45 am]
 BILLING CODE 7535-01-P
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