Agency Information Collection Activities: Information Collection Renewal; Comment Request; Fair Credit Reporting: Affiliate Marketing, 15288-15289 [2021-05828]
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Federal Register / Vol. 86, No. 53 / Monday, March 22, 2021 / Notices
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, 202–649–5490, Chief Counsel’s
Office, Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. The OCC
asks that OMB extend its approval of the
collection in this notice.
Report Title: Uniform Interagency
Transfer Agent Registration and
Deregistration Forms.
Form Numbers: Form TA–1 & TA–W.
Frequency of Response: On occasion.
Affected Public: National banks and
their subsidiaries, Federal savings
associations and their subsidiaries.
OMB Control No.: 1557–0124.
Form TA–1
Estimated Number of Respondents:
Registrations: 1; Amendments: 10.
Estimated Average Time per
Response: Registrations: 1.25 hours;
Amendments: 10 minutes.
Estimated Total Annual Burden: 3
hours.
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Form TA–W
Estimated Number of Respondents:
Deregistrations: 2.
Estimated Average Time per
Response: Deregistrations: 30 minutes.
Estimated Total Annual Burden: 1
hour.
Section 17A(c) of the Securities
Exchange Act of 1934 (the Act) requires
all transfer agents for qualifying
securities registered under section 12 of
the Act, as well as for securities that
would be required to be registered
except for the exemption from
registration provided by section
12(g)(2)(B) or section 12(g)(2)(G), to file
with the appropriate regulatory agency
an application for registration in such
form and containing such information
and documents as such appropriate
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18:46 Mar 19, 2021
Jkt 253001
regulatory agency may prescribe as
necessary or appropriate in furtherance
of the purposes of section 17A(c) of the
Act.2 In general, an entity performing
transfer agent functions for a qualifying
security is required to register with its
appropriate regulatory agency (‘‘ARA’’).
The OCC’s regulations at 12 CFR 9.20
implement these provisions of the Act.
To accomplish the registration of
transfer agents, Form TA–1 was
developed as an interagency effort by
the Securities and Exchange
Commission (SEC) and the Federal
banking agencies (the OCC, the Board of
Governors of the Federal Reserve
System, and the Federal Deposit
Insurance Corporation). The agencies
primarily use the data collected on
Form TA–1 to determine whether an
application for registration should be
approved, denied, accelerated, or
postponed, and they use the data in
connection with their supervisory
responsibilities. In addition, when a
national bank or Federal savings
association no longer acts as a transfer
agent for covered corporate securities or
when a national bank or Federal savings
association is no longer supervised by
the OCC, i.e., liquidates or converts to
another form of financial institution, the
national bank or Federal savings
association must file Form TA–W with
the OCC, requesting withdrawal from
registration as a transfer agent.
Forms TA–1 and TA–W are
mandatory and their collection is
authorized by sections 17A(c), 17(a)(3),
and 23(a)(1) of the Act, as amended (15
U.S.C. 78q–1(c), 78q(a)(3), and
78w(a)(1)). Additionally, section
3(a)(34)(B)(i) of the Act (15 U.S.C.
78c(a)(34)(B)(i)) provides that the OCC
is the ARA in the case of a national
banks and Federal savings associations
and subsidiaries of such institutions.
The registrations are public filings and
are not considered confidential.
The OCC needs the information
contained in this collection to fulfill its
statutory responsibilities. Section
17A(c)(2) of the Act (15 U.S.C. 78q–
1(c)(2)), as amended, provides that all
those authorized to transfer securities
registered under section 12 of the Act
(transfer agents) shall register by filing
with the appropriate regulatory agency
an application for registration in such
form and containing such information
and documents as such appropriate
regulatory agency may prescribe to be
necessary or appropriate in furtherance
of the purposes of this section.
2 15
PO 00000
U.S.C. 78q–1(c).
Frm 00106
Fmt 4703
Sfmt 4703
Request for Comment
On January 13, 2021, the OCC
published a 60-day notice for this
information collection, 86 FR 2739. No
comments were received. Comments
continue to be solicited on:
(a) Whether the information
collections are necessary for the proper
performance of the OCC’s functions,
including whether the information has
practical utility;
(b) The accuracy of the OCC’s
estimates of the burden of the
information collections, 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 collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–05826 Filed 3–19–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request; Fair
Credit Reporting: Affiliate Marketing
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on the renewal of
an information collection as required by
the Paperwork Reduction Act of 1995
(PRA). An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. The OCC is
soliciting comment concerning the
renewal of an information collection
titled, ‘‘Affiliate Marketing.’’
DATES: Comments must be submitted on
or before May 21, 2021.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
SUMMARY:
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jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 53 / Monday, March 22, 2021 / Notices
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0230, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0230’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection 1 by the following
method:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0230’’ or ‘‘Fair Credit Reporting:
Affiliate Marketing.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490, Chief Counsel’s
Office, Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219.
Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of title 44 requires Federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
Title: Fair Credit Reporting: Affiliate
Marketing.
OMB Control No.: 1557–0230.
Type of Review: Regular.
Frequency of Response: On occasion.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
97,723.
Total Annual Burden: 10,281 hours.
Description: Section 214 of the Fair
and Accurate Credit Transactions Act of
2003 (FACT Act),2 which added section
624 to the Fair Credit Reporting Act
(FCRA),3 generally prohibits a person
from using certain information received
from an affiliate to solicit a consumer
for marketing purposes, unless the
consumer is given notice and an
opportunity and simple method to opt
out of such solicitations.
Twelve CFR 1022.20–1022.27 require
financial institutions to issue notices
informing consumers about their rights
under section 214 of the FACT Act.
Consumers use the notices to decide if
they want to receive solicitations for
marketing purposes or opt out.
Financial institutions use consumers’
opt-out responses to determine the
permissibility of making a solicitation
for marketing purposes.
If a person receives certain consumer
eligibility information from an affiliate,
the person may not use that information
to solicit the consumer about its
products or services, unless the
consumer is given notice and a simple
method to opt out of such use of the
information, and the consumer does not
opt out. Exceptions include a person
using eligibility information: (1) To
make solicitations to a consumer with
1 Following the close of this notice’s 60-day
comment period, the OCC will publish a second
notice with a 30-day comment period.
2 Public Law 108–159, 117 Stat. 1952 (December
4, 2003).
3 15 U.S.C. 1681 et seq.
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18:46 Mar 19, 2021
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SUPPLEMENTARY INFORMATION:
PO 00000
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15289
whom the person has a pre-existing
business relationship; (2) to perform
services for another affiliate subject to
certain conditions; (3) in response to a
communication initiated by the
consumer; or (4) to make a solicitation
that has been authorized or requested by
the consumer. A consumer’s affiliate
marketing opt-out election must be
effective for a period of at least five
years. Upon expiration of the opt-out
period, the consumer must be given a
renewal notice and an opportunity to
renew the opt-out before information
received from an affiliate may be used
to make solicitations to the consumer.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments will become a
matter of public record. Comments are
invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–05828 Filed 3–19–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Privacy Act of 1974, System of
Records
Special Inspector General for
Pandemic Recovery (SIGPR),
Department of the Treasury.
ACTION: Notice of new systems of
records.
AGENCY:
In accordance with the
Privacy Act of 1974, the Department of
the Treasury proposes to establish three
new systems of records within its
inventory of records systems, subject to
the Privacy Act of 1974 as amended.
This action is necessary to meet the
requirements of the Privacy Act to
publish in the Federal Register notice of
SUMMARY:
E:\FR\FM\22MRN1.SGM
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]]>Agencies
[Federal Register Volume 86, Number 53 (Monday, March 22, 2021)]
[Notices]
[Pages 15288-15289]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05828]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Fair Credit Reporting: Affiliate Marketing
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites the general public and other Federal
agencies to comment on the renewal of an information collection as
required by the Paperwork Reduction Act of 1995 (PRA). An agency may
not conduct or sponsor, and a respondent is not required to respond to,
an information collection unless it displays a currently valid Office
of Management and Budget (OMB) control number. The OCC is soliciting
comment concerning the renewal of an information collection titled,
``Affiliate Marketing.''
DATES: Comments must be submitted on or before May 21, 2021.
ADDRESSES: Commenters are encouraged to submit comments by email, if
[[Page 15289]]
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0230, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0230'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by the following method:
---------------------------------------------------------------------------
\1\ Following the close of this notice's 60-day comment period,
the OCC will publish a second notice with a 30-day comment period.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0230'' or ``Fair Credit Reporting: Affiliate Marketing.''
Upon finding the appropriate information collection, click on the
related ``ICR Reference Number.'' On the next screen, select ``View
Supporting Statement and Other Documents'' and then click on the link
to any comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490, Chief Counsel's Office, Office of the
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from OMB for each collection of
information that they conduct or sponsor. ``Collection of information''
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency
requests or requirements that members of the public submit reports,
keep records, or provide information to a third party. Section
3506(c)(2)(A) of title 44 requires Federal agencies to provide a 60-day
notice in the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information, before submitting the collection to OMB for
approval. To comply with this requirement, the OCC is publishing notice
of the proposed collection of information set forth in this document.
Title: Fair Credit Reporting: Affiliate Marketing.
OMB Control No.: 1557-0230.
Type of Review: Regular.
Frequency of Response: On occasion.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 97,723.
Total Annual Burden: 10,281 hours.
Description: Section 214 of the Fair and Accurate Credit
Transactions Act of 2003 (FACT Act),\2\ which added section 624 to the
Fair Credit Reporting Act (FCRA),\3\ generally prohibits a person from
using certain information received from an affiliate to solicit a
consumer for marketing purposes, unless the consumer is given notice
and an opportunity and simple method to opt out of such solicitations.
---------------------------------------------------------------------------
\2\ Public Law 108-159, 117 Stat. 1952 (December 4, 2003).
\3\ 15 U.S.C. 1681 et seq.
---------------------------------------------------------------------------
Twelve CFR 1022.20-1022.27 require financial institutions to issue
notices informing consumers about their rights under section 214 of the
FACT Act. Consumers use the notices to decide if they want to receive
solicitations for marketing purposes or opt out. Financial institutions
use consumers' opt-out responses to determine the permissibility of
making a solicitation for marketing purposes.
If a person receives certain consumer eligibility information from
an affiliate, the person may not use that information to solicit the
consumer about its products or services, unless the consumer is given
notice and a simple method to opt out of such use of the information,
and the consumer does not opt out. Exceptions include a person using
eligibility information: (1) To make solicitations to a consumer with
whom the person has a pre-existing business relationship; (2) to
perform services for another affiliate subject to certain conditions;
(3) in response to a communication initiated by the consumer; or (4) to
make a solicitation that has been authorized or requested by the
consumer. A consumer's affiliate marketing opt-out election must be
effective for a period of at least five years. Upon expiration of the
opt-out period, the consumer must be given a renewal notice and an
opportunity to renew the opt-out before information received from an
affiliate may be used to make solicitations to the consumer.
Comments submitted in response to this notice will be summarized
and included in the request for OMB approval. All comments will become
a matter of public record. Comments are invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the information
collection burden;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2021-05828 Filed 3-19-21; 8:45 am]
BILLING CODE 4810-33-P
