Agency Information Collection Activities: Proposed Collection; Comment Request; Fair Credit Reporting Disclosure and Recordkeeping Requirements, 83625-83626 [2020-28184]

Download as PDF Federal Register / Vol. 85, No. 246 / Tuesday, December 22, 2020 / Notices Call Report. The financial and statistical information is essential to NCUA in carrying out its responsibility for supervising corporate credit unions. The Federal Credit Union Act, 12 U.S.C. 1762, specifically requires federal credit unions to report the identity of credit union officials. Section 741.6(a) requires federally-insured credit unions to submit a Report of Officials annually to Swarnali Haldar, NCUA containing the annual Executive for Information Services/CIO. certification of compliance with security [FR Doc. 2020–28137 Filed 12–21–20; 8:45 am] requirements. The branch information is BILLING CODE 7515–01–P requested under the authority of § 741.6 of the NCUA Rules and Regulations. NCUA utilizes the information to NATIONAL CREDIT UNION monitor financial conditions in ADMINISTRATION corporate credit unions and to allocate supervision and examination resources. Submission for OMB Review; Type of Review: Revision of a Comment Request currently approved collection. Affected Public: Private Sector: NotAGENCY: National Credit Union for-profit institutions. Administration (NCUA). Estimated Total Annual Burden ACTION: Notice. Hours: 539. OMB Number: 3133–0186. SUMMARY: The National Credit Union Title: Higher-Risk Mortgage Administration (NCUA) will be Appraisals. submitting the following information Abstract: Section 1471 of the Doddcollection requests to the Office of Frank Act established Truth in Lending Management and Budget (OMB) for section 129H, which contains appraisal review and clearance in accordance requirements applicable to higher-risk with the Paperwork Reduction Act of mortgages and prohibits a creditor from 1995 on or after the date of publication extending credit in the form of a higherof this notice. risk mortgage loan to any consumer DATES: Comments should be received on or before January 21, 2021 to be assured without meeting those requirements. A higher-risk mortgage is defined as a of consideration. residential mortgage loan secured by a ADDRESSES: Written comments and principal dwelling with an annual recommendations for the proposed percentage rate that exceeds the average information collection should be sent prime offer rate for a comparable within 30 days of publication of this transaction as of the date the interest notice to www.reginfo.gov/public/do/ rate is set by certain enumerated PRAMain. Find this particular percentage point spreads. To implement information collection by selecting this statutory requirement, a final rule ‘‘Currently under 30-day Review—Open was promulgated to amend 12 CFR part for Public Comments’’ or by using the 1026, Regulation Z. search function. The recordkeeping and disclosure FOR FURTHER INFORMATION CONTACT: requirements prescribed under Copies of the submission may be § 1026.35 are necessary to protect obtained by contacting Dawn Wolfgang consumers, and promote the safety and at (703) 548–2279, emailing soundness of creditors making higherPRAComments@ncua.gov, or viewing risk mortgage loans. the entire information collection request Type of Review: Extension of a at www.reginfo.gov. currently approved collection. SUPPLEMENTARY INFORMATION: Affected Public: Private Sector: NotOMB Number: 3133–0067. for-profit institutions. Title: Corporate Credit Union Monthly Estimated Total Annual Burden Call Report and Annual Report of Hours: 276. Officers. By Melane Conyers-Ausbrooks, Form: NCUA 5310. Secretary of the Board, the National Abstract: Section 202(a)(1) of the Credit Union Administration, on Federal Credit Union Act (Act) requires December 16, 2020. federally insured credit unions to make Dated: December 17, 2020. reports of condition to the NCUA Board Dawn D. Wolfgang, upon dates selected by it. Corporate NCUA PRA Clearance Officer. credit unions report this information [FR Doc. 2020–28182 Filed 12–21–20; 8:45 am] monthly on NCUA Form 5310, also known as the Corporate Credit Union BILLING CODE 7535–01–P jbell on DSKJLSW7X2PROD with NOTICES collection is an application for a research card, which people need before they can access original records in a NARA facility. Respondents are individuals who wish to use original archival records. NARA uses the information to screen individuals, to identify which types of records they can use, and to allow further contact. VerDate Sep<11>2014 17:30 Dec 21, 2020 Jkt 253001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 83625 NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Comment Request; Fair Credit Reporting Disclosure and Recordkeeping Requirements 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. DATES: Written comments should be received on or before February 22, 2021 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. 703–548–2279; 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 address above or telephone 703–548– 2279. SUMMARY: SUPPLEMENTARY INFORMATION: OMB Number: 3133–0165. Title: Fair Credit Reporting (FCRA). Type of Review: Extension of a currently approved collection. Abstract: The Fair Credit Reporting Act (FCRA) (15 U.S.C. 1681 et seq.) sets standards for the collection, communication, and use of information bearing on a consumer’s creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living. FCRA has been revised numerous times since it took effect, notably by passage of the Consumer Credit Reporting Reform Act of 1996, the Gramm-Leach-Bliley Act of 1999, and the Fair and Accurate Credit Transactions Act of 2003. The Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) amended a number of consumer financial protection laws, including most provisions of FCRA. In addition to substantive amendments, the DFA transferred rulemaking authority for E:\FR\FM\22DEN1.SGM 22DEN1 jbell on DSKJLSW7X2PROD with NOTICES 83626 Federal Register / Vol. 85, No. 246 / Tuesday, December 22, 2020 / Notices most provisions of FCRA to the Consumer Financial Protection Bureau (CFPB). Pursuant to the DFA and FCRA, as amended, CFPB promulgated Regulation V, 12 CFR 1022, to implement those provisions of FCRA for which CFPB has rulemaking authority. Regulation V contains several requirements that impose information collection requirements on federal credit unions (FCUs). The DFA did not transfer certain rulemaking authority under FCRA. Specifically, the DFA did not transfer to CFPB the authority to promulgate the requirement to properly dispose of consumer information; rules on identity theft red flags and corresponding interagency guidelines on identity theft detection, prevention, and mitigation, and rules on the duties of card issuers regarding changes of address. These provisions are promulgated in NCUA’s Fair Credit Reporting regulation, 12 CFR 717, which applies to federal credit unions. The collection of information pursuant to Parts 1022 and 717 is triggered by specific events and disclosures and must be provided to consumers within the time periods established under the regulation. Affected Public: Private Sector: Notfor-profit institutions; Individuals or Households. Estimated Number of Respondents: FCU: 3,232; Consumer: 143,300. Estimated Frequency of Response: Upon occurrence of triggering action. Estimated Burden Hours per Response: FCU: 5.07; Consumer: 0.08. Estimated Total Annual Burden Hours: 272,686 (FCU: 248,827; Consumer: 23,859). 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. VerDate Sep<11>2014 17:30 Dec 21, 2020 Jkt 253001 By Melane Conyers-Ausbrooks, Secretary of the Board, the National Credit Union Administration, on December 16, 2020. Dated: December 17, 2020. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2020–28184 Filed 12–21–20; 8:45 am] BILLING CODE 7535–01–P NATIONAL SCIENCE FOUNDATION Agency Information Collection Activities: Comment Request; National Science Foundation-Managed Honor Awards National Science Foundation. Submission for OMB Review; comment request. AGENCY: ACTION: The National Science Foundation (NSF) has submitted the following information collection requirement to OMB for review and clearance under the Paperwork Reduction Act of 1995. This is the second notice for public comment; the first was published in the Federal Register, and no comments were received. NSF is forwarding the proposed submission to the Office of Management and Budget (OMB) for clearance simultaneously with the publication of this second notice. DATES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAmain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. FOR FURTHER INFORMATION CONTACT: Suzanne H. Plimpton, Reports Clearance Officer, National Science Foundation, 2415 Eisenhower Avenue, Alexandria, VA 22314, or send email to splimpto@ nsf.gov. Individuals who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1–800–877– 8339, which is accessible 24 hours a day, 7 days a week, 365 days a year (including federal holidays). Copies of the submission may be obtained by calling 703–292–7556. SUPPLEMENTARY INFORMATION: NSF may not conduct or sponsor a collection of information unless the collection of information displays a currently valid OMB control number and the agency informs potential persons who are to respond to the collection of information that such persons are not required to SUMMARY: PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 respond to the collection of information unless it displays a currently valid OMB control number. Title of Collection: Business Systems Review Guide. OMB Number: 3145–NEW. Type of Request: Request for approval to establish an information collection. Proposed Project: The National Science Foundation Act of 1950 (Pub. L. 81–507) set forth NSF’s mission and purpose: ‘‘To promote the progress of science; to advance the national health, prosperity, and welfare; to secure the national defense.* * *’’ The Act authorized and directed NSF to initiate and support: b Basic scientific research and research fundamental to the engineering process; b Programs to strengthen scientific and engineering research potential; b Science and engineering education programs at all levels and in all the various fields of science and engineering; b Programs that provide a source of information for policy formulation; and b Other activities to promote these ends. Among Federal agencies, NSF is a leader in providing the academic community with advanced instrumentation needed to conduct state-of-the-art research and to educate the next generation of scientists, engineers and technical workers. The knowledge generated by these tools sustains U.S. leadership in science and engineering (S&E) to drive the U.S. economy and secure the future. NSF’s responsibility is to ensure that the research and education communities have access to these resources, and to provide the support needed to utilize them optimally, and implement timely upgrades. The scale of advanced instrumentation ranges from small research instruments to shared resources or facilities that can be used by entire communities. The demand for such instrumentation is very high, and is growing rapidly, along with the pace of discovery. For major facilities and shared infrastructure, the need is particularly high. This trend is expected to accelerate in the future as increasing numbers of researchers and educators rely on such large facilities, instruments, and databases to provide the reach to make the next intellectual leaps. NSF currently provides support for facility construction from two accounts: The Major Research Equipment and Facility Construction (MREFC) account, and the Research and Related Activities (R&RA) account. The E:\FR\FM\22DEN1.SGM 22DEN1

Agencies

[Federal Register Volume 85, Number 246 (Tuesday, December 22, 2020)]
[Notices]
[Pages 83625-83626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28184]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Fair Credit Reporting Disclosure and Recordkeeping 
Requirements

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 February 22, 
2021 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. 703-548-2279; 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 address above or telephone 703-548-
2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0165.
    Title: Fair Credit Reporting (FCRA).
    Type of Review: Extension of a currently approved collection.
    Abstract: The Fair Credit Reporting Act (FCRA) (15 U.S.C. 1681 et 
seq.) sets standards for the collection, communication, and use of 
information bearing on a consumer's creditworthiness, credit standing, 
credit capacity, character, general reputation, personal 
characteristics, or mode of living. FCRA has been revised numerous 
times since it took effect, notably by passage of the Consumer Credit 
Reporting Reform Act of 1996, the Gramm-Leach-Bliley Act of 1999, and 
the Fair and Accurate Credit Transactions Act of 2003.
    The Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) 
amended a number of consumer financial protection laws, including most 
provisions of FCRA. In addition to substantive amendments, the DFA 
transferred rulemaking authority for

[[Page 83626]]

most provisions of FCRA to the Consumer Financial Protection Bureau 
(CFPB). Pursuant to the DFA and FCRA, as amended, CFPB promulgated 
Regulation V, 12 CFR 1022, to implement those provisions of FCRA for 
which CFPB has rulemaking authority. Regulation V contains several 
requirements that impose information collection requirements on federal 
credit unions (FCUs).
    The DFA did not transfer certain rulemaking authority under FCRA. 
Specifically, the DFA did not transfer to CFPB the authority to 
promulgate the requirement to properly dispose of consumer information; 
rules on identity theft red flags and corresponding interagency 
guidelines on identity theft detection, prevention, and mitigation, and 
rules on the duties of card issuers regarding changes of address. These 
provisions are promulgated in NCUA's Fair Credit Reporting regulation, 
12 CFR 717, which applies to federal credit unions.
    The collection of information pursuant to Parts 1022 and 717 is 
triggered by specific events and disclosures and must be provided to 
consumers within the time periods established under the regulation.
    Affected Public: Private Sector: Not-for-profit institutions; 
Individuals or Households.
    Estimated Number of Respondents: FCU: 3,232; Consumer: 143,300.
    Estimated Frequency of Response: Upon occurrence of triggering 
action.
    Estimated Burden Hours per Response: FCU: 5.07; Consumer: 0.08.
    Estimated Total Annual Burden Hours: 272,686 (FCU: 248,827; 
Consumer: 23,859).
    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 Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on December 16, 2020.

    Dated: December 17, 2020.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2020-28184 Filed 12-21-20; 8:45 am]
BILLING CODE 7535-01-P