Agency Information Collection Activities: Proposed Collection Renewal; Comment Request [OMB No. 3064-0082; and -0084], 27596-27602 [2021-10754]

Download as PDF 27596 Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices Experts with specific experience in risk assessment, dose response analysis, cheminformatics, bioinformatics, and genomics are preferred. Nominees should be well published and current in their fields of expertise. NIH and NSF responded, providing the Agency with a total of 25 nominees. One nominee, Dr. Jeffrey Bloomquist, Ph.D., of the University of Florida is a member of the FIFRA SAP with a current term ending in 2022. Therefore, he is not considered further at this time. Of the remaining 24 nominees, 10 are interested and available to actively participate in FIFRA SAP meetings (see Unit IV.D.). The following 14 individuals are not available to be considered further for membership at this time: jbell on DSKJLSW7X2PROD with NOTICES 1. Joseph Braun, Ph.D., Brown University, Providence, Rhode Island. 2. Brenda Eskanazi, Ph.D., University of California-Berkeley, Berkeley, California. 3. Elaine Faustman, Ph.D., University of Washington, Seattle, Washington. 4. Phillipe Grandjean, Ph.D., Harvard T.H. Chan School of Public Health, Boston, Massachusetts. 5. Paul Hollenberg, Ph.D., University of Michigan Medical School, Ann Arbor, Michigan. 6. Mary K. O’Rourke, Ph.D., University of Arizona, Tucson, Arizona. 7. Angela Peace, Ph.D., Texas Tech University, Lubbock, Texas. 8. Kenneth Portier, Ph.D., Independent Consultant, Atlanta, Georgia. 9. Jason Rohr, Ph.D., University of Notre Dame, Notre Dame, Indiana. 10. Nathaniel Scholz, Ph.D., NOAA Northwest Fisheries Science Center, Seattle, Washington. 11. Ronald Tjeerdema, Ph.D., University of California-Davis, Davis, California. 12. Tim Verslycke, Ph.D., Gradient Corp., Boston, Massachusetts. 13. Christopher P. Weis, Ph.D., National Institute of Environmental Health Sciences, Bethesda, Maryland. 14. William Wuest, Ph.D., Emory University, Atlanta, Georgia. D. Interested and Available Nominees The following are the names, addresses, and professional affiliations of current nominees being considered for membership on the FIFRA SAP. Selected biographical data for each nominee is available in the public docket at www.regulations.gov (docket identification (ID) number EPA–HQ– OPP–2021–0293) and through the FIFRA SAP website at https:// www.epa.gov/sap. The Agency, at this time, anticipates selecting new members to fill upcoming vacancies occurring on the Panel: 1. Dana Barr, Ph.D., Emory University, Atlanta, Georgia. 2. Veronica Berrocal, Ph.D., University of California, Irvine, California. VerDate Sep<11>2014 17:15 May 20, 2021 Jkt 253001 3. Asa Bradman, Ph.D., University of California, Berkeley, California. 4. Glenn Allen Burton, Ph.D., University of Michigan, Ann Arbor, Michigan. 5. Celia Chen, Ph.D., Dartmouth College, Hanover, New Hampshire. 6. Richard DiGiulio Ph.D., Duke University, Durham, North Carolina. 7. Valery Forbes, Ph.D., University of Minnesota, Minneapolis, Minnesota. 8. Cheryl A. Murphy, Ph.D., Michigan State University, East Lansing, Michigan. 9. Virginia Rauh, Ph.D., Columbia University, New York, New York. 10. Lisa M. Sweeney, Ph.D., UES, Inc., Dayton, Ohio. Authority: 7 U.S.C. 136 et. seq.; 21 U.S.C. 301 et seq.; 5 U.S.C. Appendix. Dated: May 17, 2021. Michal Freedhoff, Principal Deputy Assistant Administrator, Office of Chemical Safety and Pollution Prevention. [FR Doc. 2021–10743 Filed 5–20–21; 8:45 am] BILLING CODE 6560–50–P FEDERAL COMMUNICATIONS COMMISSION [CC Docket No. 92–237; FRS 28151] Next Meeting of the North American Numbering Council Federal Communications Commission. ACTION: Notice. AGENCY: In this document, the Commission released a public notice announcing the meeting of the North American Numbering Council (NANC), which will be held via video conference and available to the public via live internet feed. DATES: Wednesday, June 23, 2021. The meeting will come to order at 2:00 p.m. ADDRESSES: The meeting will be conducted via video conference and available to the public via the internet at https://www.fcc.gov/live. FOR FURTHER INFORMATION CONTACT: Jordan Reth, Acting Designated Federal Officer, at jordan.reth@fcc.gov or 202– 418–1418. More information about the NANC is available at https:// www.fcc.gov/about-fcc/advisorycommittees/general/north-americannumbering-council. SUPPLEMENTARY INFORMATION: The NANC meeting is open to the public on the internet via live feed from the FCC’s web page at https://www.fcc.gov/live. Open captioning will be provided for this event. Other reasonable accommodations for people with disabilities are available upon request. Requests for such accommodations should be submitted via email to SUMMARY: PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 fcc504@fcc.gov or by calling the Consumer & Governmental Affairs Bureau at (202) 418–0530 (voice), (202) 418–0432 (TTY). Such requests should include a detailed description of the accommodation needed. In addition, please include a way for the FCC to contact the requester if more information is needed to fill the request. Please allow at least five days’ advance notice for accommodation requests; last minute requests will be accepted but may not be possible to accommodate. Members of the public may submit comments to the NANC in the FCC’s Electronic Comment Filing System, ECFS, at www.fcc.gov/ecfs. Comments to the NANC should be filed in CC Docket No. 92–237. This is a summary of the Commission’s document in CC Docket No. 92–237, DA 21–578, released May 14, 2021. Proposed Agenda: At the June 23 meeting, the NANC will consider and vote on recommendations from the Numbering Administration Oversight working group on the North American Numbering Plan Billing & Collection Fund Size Projections and Contributions Factor, as well as an evaluation of the performance of the Billing & Collection Agent, Welch LLP. The NANC will also hear reports from the Billing & Collection Agent, Welch LLP, the Numbering Administration Oversight working group on the Reassigned Numbers Database and Administrator, and routine status reports from the North American Portability Management, LLC and the Secure Telephone Identity Governance Authority. This agenda may be modified at the discretion of the NANC Chair and the Designated Federal Officers (DFO). (5 U.S.C. App 2 § 10(a)(2)) Federal Communications Commission. Daniel Kahn, Associate Bureau Chief, Wireline Competition Bureau. [FR Doc. 2021–10786 Filed 5–20–21; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request [OMB No. 3064–0082; and –0084] Federal Deposit Insurance Corporation (FDIC). ACTION: Agency information collection activities: Submission for OMB review; comment request. AGENCY: The FDIC, as part of its obligations under the Paperwork SUMMARY: E:\FR\FM\21MYN1.SGM 21MYN1 27597 Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064–0082; and –0084). Comments must be submitted on or before June 21, 2021. DATES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • https://www.FDIC.gov/regulations/ laws/federal. • Email: comments@fdic.gov. Include the name and number of the collection in the subject line of the message. ADDRESSES: • Mail: Manny Cabeza (202–898– 3767), Regulatory Counsel, MB–3128, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 17th Street building (located on F Street), on business days between 7:00 a.m. and 5:00 p.m. 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: Manny Cabeza, Regulatory Counsel, 202–898–3767, mcabeza@fdic.gov, MB– 3128, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collections of information: 1. Title: Recordkeeping, Disclosure and Reporting Requirements in Connection with Regulation Z. OMB Control Number: 3064–0082. Form Number: None. Affected Public: FDIC-supervised institutions. Burden Estimate: The total estimated annual burden is 2,031,731 hours and is detailed in the following tables: SUMMARY OF ESTIMATED ANNUAL IMPLEMENTATION BURDEN [OMB No. 3064–0082] Type of burden (obligation to respond) IC description Frequency of response Number of respondents Estimated time per response (minutes) Number of responses/ respondent Annual burden (hours) Open-End Credit Products • Not Home-Secured Open-End Credit Plans Æ Credit and Charge Card Provisions Timely Settlement of Estate Debts (1026.11(c)(1)) Written Policies and Procedures. Ability to Pay (1026.51(a)(ii)) Written Policies and Procedures. Recordkeeping (Mandatory) On occasion ...... 8 1 480.00 64 Recordkeeping (Mandatory) On occasion ...... 8 1 480.00 64 Mortgage Products (Open and Closed-End) • Valuation Independence Æ Mandatory Reporting Implementation of Policies and Procedures (1026.42(g)) .. Total Annual Implementation Burden Hours ............... Recordkeeping (Mandatory) On occasion ...... 8 1 1,200.00 160 .............................................. ........................... ...................... ...................... .................... 288 hours Source: FDIC. SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN [OMB No. 3064–0082] Type of burden (obligation to respond) IC description Frequency of response Number of respondents Estimated time per response (minutes) Number of responses/ respondent Annual burden (hours) Open-End Credit Products • Not Home-Secured Open-End Credit Plans Æ General Disclosure Rules for Not Home-Secured Open-End Credit Plans 1. Credit and Charge Card Applications and Solicitations (1026.60). 2. Account Opening Disclosures (1026.6(b)) ......................... 3. Periodic Statements (1026.7(b)) ........................................ 4. Annual Statement of Billing Rights (1026.9(a)(1)) ............. 5. Alternative Summary Statement of Billing Rights (1026.9(a)(2)). 6. Change in Terms Disclosures (1026.9(b) through (h)) ...... Disclosure (Mandatory) Annual ............... 575 1 480 4,600 Disclosure Disclosure Disclosure Disclosure Annual ............... Monthly .............. Annual ............... Monthly .............. 575 575 575 575 1 12 1 12 720 480 480 480 6,900 55,200 4,600 55,200 Annual ............... 575 1 480 4,600 On occasion ...... Annual ............... 575 575 52 * 1 5 720 2,495 6,900 Annual ............... Quarterly ........... Quarterly ............ On occasion ...... 575 575 575 575 1 4 4 12 * 480 180 360 15 4,600 6,900 13,800 1,788 (Mandatory) (Mandatory) (Mandatory) (Voluntary) .. Disclosure (Mandatory) jbell on DSKJLSW7X2PROD with NOTICES Æ Credit and Charge Card Provisions 7. Timely Settlement of Estate Debts (1026.11(c)(2)) ........... 8. Ability to Pay (1026.51) ...................................................... 9. College Student Credit Annual Report (1026.57(d)) .......... 10. Submission of Credit Card Agreements (1026.58(c)) ...... 11. Internet Posting of Credit Card Agreements (1026.58(d)) 12. Individual Credit Card Agreements (1026.58(e)) ............. VerDate Sep<11>2014 17:15 May 20, 2021 Jkt 253001 PO 00000 Disclosure (Mandatory) Recordkeeping (Mandatory). Reporting (Mandatory) Reporting (Mandatory) Disclosure (Mandatory) Disclosure (Mandatory) Frm 00046 Fmt 4703 Sfmt 4703 E:\FR\FM\21MYN1.SGM 21MYN1 27598 Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN—Continued [OMB No. 3064–0082] Type of burden (obligation to respond) IC description Frequency of response Number of respondents Estimated time per response (minutes) Number of responses/ respondent Annual burden (hours) • Home Equity Open-End Credit Plans (HELOC) Æ General Disclosure Rules for HELOC’s 13. Application Disclosures (1026.40) .................................... 14. Account Opening Disclosures (1026.6(a)) ....................... 15. Periodic Statements (1026.7(a)) ...................................... 16. Annual Statement of Billing Rights (1026.9(a)(1)) ........... 17. Alternative Summary Statement of Billing Rights (1026.9(a)(2)). 18. Change in Terms Disclosures (1026.9(b) through (h)) .... 19. Notice to Restrict Credit (1026.9(c)(1)(iii); .40(f)(3)(i) and (vi)). Disclosure Disclosure Disclosure Disclosure Disclosure (Mandatory) (Mandatory) (Mandatory) (Mandatory) (Voluntary) .. Disclosure (Mandatory) Disclosure (Mandatory) Annual Annual Annual Annual Annual ............... ............... ............... ............... ............... 2,362 2,362 2,362 2,362 2,362 1 1 1 1 1 720 720 480 480 480 28,344 28,344 18,896 18,896 18,896 Annual ............... Annual ............... 2,362 2,362 1 1 480 120 18,896 4,724 2,442 688 * 1 28,004 2,850 1 720 34,200 3,119 3,119 3,119 1 1 1 480 480 18 24,952 24,952 936 • All Open-End Credit Plans 20. Error Resolution (1026.13) ............................................... Disclosure (Mandatory) On occasion ...... Closed-End Credit Products • General Rules for Closed-End Credit 21. Other than Real Estate, Home-Secured and Private Education Loans (1026.17 and .18). Disclosure (Mandatory) Annual ............... • Closed-End Mortgages Æ Application and Consummation 22. Loan Estimate (1026.19(e); and .37) ............................... 23. Closing Disclosure (1026.19(f); and .38) ......................... 24. Record Retention of Disclosures (1026.19(e), (f); .37; and .38). Disclosure (Mandatory) Disclosure (Mandatory) Recordkeeping (Mandatory). Annual ............... Annual ............... Annual ............... Æ Post-Consummation Disclosures 25. Interest Rate and Payment Summary (1026.18(s)) ......... 26. No Guarantee to Refinance Statement (1026.18(t)) ........ 27. ARMs Rate Adjustments with Payment Change Disclosures (1026.20(c)). 28. Initial Rate Adjustment Disclosure for ARMs (1026.20(d)). 29. Escrow Cancellation Notice (1026.20(e)) ........................ 30. Periodic Statements (1026.41) ......................................... Disclosure (Mandatory) Disclosure (Mandatory) Disclosure (Mandatory) Annual ............... Annual ............... Annual ............... 3,119 3,119 3,119 1 1 1 2,400 480 90 124,760 24,952 4,679 Disclosure (Mandatory) Annual ............... 3,119 1 120 6,238 Disclosure (Mandatory) Disclosure (Mandatory) Annual ............... Annual ............... 3,119 3,119 1 1 480 480 24,952 24,952 On occasion ...... 3,119 1,005 * 15 783,797 On occasion ...... 3,119 23* 12 14,260 3,128 1 480 25,024 3,128 1 480 25,024 3,128 1* 10 521 6 1 1,440 144 3,119 1 14 728 Æ Ability to Repay Requirements 31. Minimum Standards (1026.43(c) through (f)) ................... 32. Prepayment Penalties (1026.43(g)) ................................. Recordkeeping (Mandatory). Disclosure (Mandatory) Mortgage Products (Open and Closed-End) • Mortgage Servicing Disclosures Æ Payoff Statements 33. Payoff Statements (1026.36(c)(3)) ................................... Disclosure (Mandatory) Annual ............... Æ Notice of Sale or Transfer 34. Notice of Sale or Transfer (1026.39) ............................... Disclosure (Mandatory) Annual ............... • Valuation Independence Æ Mandatory Reporting 35. Reporting Appraiser Noncompliance (1026.42(g)) .......... Reporting (Mandatory) On occasion ...... jbell on DSKJLSW7X2PROD with NOTICES Reverse and High-Cost Mortgages • Reverse Mortgages Æ Reverse Mortgage Disclosures 36. Reverse Mortgage Disclosures (1026.31(c)(2) and .33) Disclosure (Mandatory) Annual ............... • High-Cost Mortgage Loans Æ HOEPA Disclosures and Notice 37. HOEPA Disclosures and Notice (1026.32(c) ................... VerDate Sep<11>2014 17:15 May 20, 2021 Jkt 253001 PO 00000 Disclosure (Mandatory) Frm 00047 Fmt 4703 Annual ............... Sfmt 4703 E:\FR\FM\21MYN1.SGM 21MYN1 27599 Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN—Continued [OMB No. 3064–0082] Type of burden (obligation to respond) IC description Frequency of response Number of respondents Estimated time per response (minutes) Number of responses/ respondent Annual burden (hours) Private Education Loans • Initial Disclosures Æ Application and Solicitation Disclosures 38. Application or Solicitation Disclosures (1026.47(a)) ........ Disclosure (Mandatory) Annual ............... 3,061 1 3,600 183,660 3,061 1 3,600 183,660 3,061 1 3,600 183,660 2,442 1* 20 814 3,152 1* 20 1,051 Æ Approval Disclosures 39. Approval Disclosures (1026.47(b)) ................................... Disclosure (Mandatory) Annual ............... Æ Final Disclosures 40. Final Disclosures (1026.47(c)) ......................................... Disclosure (Mandatory) Annual ............... Advertising Rules • All Credit Types Æ Open-End Credit 41. Open-End Credit (1026.16) .............................................. Disclosure (Mandatory) Annual ............... Æ Closed-End Credit 42. Closed-End Credit (1026.24) ........................................... Disclosure (Mandatory) Annual ............... Record Retention • Evidence of Compliance 43. Regulation Z in General (1026.25) .................................. Recordkeeping (Mandatory). Annual ............... 3,152 1 18 946 Total Annual Ongoing Burden Hours .............................. ....................................... ........................... ...................... ...................... .................... 2,031,443 Source: FDIC. * The average number of responses for this IC is based on the average number of credit accounts held at the respondent IDIs. General Description of the Collection: Consumer Financial Protection Bureau (CFPB) Regulation Z—12 CFR 1026 implements the Truth in Lending Act (15 U.S.C. 1601, et seq.) and certain provisions of the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.). This regulation prescribes uniform methods for computing the cost of credit, the disclosure of credit terms and costs, the resolution of errors and imposes various other recordkeeping, reporting and disclosure requirements. The FDIC has enforcement authority on the requirements of the CFPB’s Regulation over the financial institutions it supervises. This information collection captures the recordkeeping, reporting and disclosure burdens of Regulation Z on FDIC- supervised institutions. To arrive at the estimated annual burden the FDIC assessed the number of potential respondents to the information collection by identifying the number of FDIC-supervised institutions who reported activity that would be within the scope of the information collection requirements according to data from the most recent Call Report. Additionally, the FDIC estimated the frequency of responses to the recordkeeping, reporting, or disclosure requirements by assessing the dollar volume of activity that would be within the scope of the information collection. In some instances the FDIC used information provided by other sources to estimate the magnitude and scope of activity attributable to FDIC-supervised institutions when more immediate information sources did not exist. There is no change in the substance or methodology of this information collection. The reduction in total estimated annual burden from 2,395,630 hours to 2,031,731 hours is solely attributable to agency estimates driven by economic fluctuations. 2. Title: Account Based Disclosures in Connection with Consumer Financial Protection Bureau Regulations E and DD and Federal Reserve Regulation CC. OMB Control Number: 3064–0084. Form Number: None. Affected Public: FDIC-supervised institutions. Burden Estimate: SUMMARY OF ANNUAL BURDEN FOR REGULATION E [OMB No. 3064–0084] Estimated number of respondents jbell on DSKJLSW7X2PROD with NOTICES Type of burden (obligation to respond) Estimated number of responses/ respondent Estimated time per response (hours) Total annual estimated burden (hours) Regulation E—12 CFR Part 1005 Initial disclosures 1. General (1005.7(b)) ............................................ 2. Payroll cards (1005.18(c)(1)) ............................. 3. Change in terms (1005.8(a)) .............................. VerDate Sep<11>2014 17:15 May 20, 2021 Jkt 253001 Disclosure (Mandatory) .......................................... Disclosure (Mandatory) .......................................... Disclosure (Mandatory) .......................................... PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 3,172 8 3,172 E:\FR\FM\21MYN1.SGM 83 5,000 113 21MYN1 0.025 0.025 0.017 6,582 1,000 6,093 27600 Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices SUMMARY OF ANNUAL BURDEN FOR REGULATION E—Continued [OMB No. 3064–0084] Estimated number of responses/ respondent Estimated number of respondents Type of burden (obligation to respond) Total annual estimated burden (hours) Estimated time per response (hours) Error resolution rules 4. General (1005.8(b) and 1005.11) ...................... 5. Payroll cards (1005.18) ...................................... Disclosure (Mandatory) .......................................... Disclosure (Mandatory) .......................................... 3,172 8 3 8 0.5 0.5 4,758 32 Disclosure (Mandatory) .......................................... 4 53 40 8,480 Disclosure (Mandatory) .......................................... 4 53 8 1,696 Disclosure (Mandatory) .......................................... 1 1 4 4 Recordkeeping (Mandatory) .................................. 1 1 24 24 Recordkeeping (Mandatory) .................................. 1 1 8 8 Reporting (Mandatory) ........................................... 1 1 1 1 Disclosure (Mandatory) .......................................... 15 1 .5 8 Recordkeeping (Mandatory) .................................. 15 1 .5 8 Recordkeeping (Mandatory) .................................. 15 1 .5 8 Reporting (Mandatory) ........................................... 15 1 .5 8 Prepaid Accounts Rule (1005.18)—New Products 6. Short Form Disclosure (1005.18(b)(2) and 100.515(c). 7. Long Form Disclosure 1005.18(b)(4) and 1005.15(c). Prepaid Accounts Rule (1005.18)—Implementation 8. Short Form Additional Fee Type Disclosure (1005.18(b)(2)(ix) implementation. 9. Access to Prepaid Account Information 1005.18(c)(5) and 1005.15(d) implementation. 10. Error Resolution 1005.18(e)(2) and 1005.1511 implementation. 11. Submission of Agreements (1005.19)(b) implementation. Prepaid Accounts Rule—Ongoing 12. Short Form Additional Fee Type Disclosure (1005.18(b)(2)(ix) ongoing. 13. Access to Prepaid Account Information 1005.18(c)(5) and 1005.15(d) ongoing. 14. Error Resolution (1005.18 (e)(2) and 1055.11 ongoing. 15. Submission of Agreements (1005.19(b) ongoing. Gift card/gift certificate (section 1005.20, FRB R–1377)—Implementation 16. Exclusion policies & procedures (1005.20(b)(2)) implementation. 17. Policy & procedures (1005.20(e)(1)) implementation. Recordkeeping (Mandatory) .................................. 1 1 40 40 Recordkeeping (Mandatory) .................................. 1 1 40 40 Gift card/gift certificate (section 1005.20, FRB R–1377)—Ongoing 18. Exclusion policies & procedures (1005.20(b)(2) ongoing. 19. Policy & procedures (1005.20(e)(1)) ongoing .. Recordkeeping (Mandatory) .................................. 10 1 8 80 Recordkeeping (Mandatory) .................................. 10 1 8 80 Subtotal Regulation E Burden ......................... ................................................................................ ........................ ...................... I .................... 28,950 Source: FDIC. SUMMARY OF ANNUAL BURDEN FOR REGULATION DD [OMB No. 3064–0084] Estimated number of respondents Type of burden (obligation to respond) Estimated number of responses/ respondent Estimated time per response (hours) Total annual estimated burden (hours) Regulation DD—12 CFR Part 1030 1. Account disclosures (upon request and new accounts) (section 1030.4). Disclosure (Mandatory) .......................................... 3,172 170 0.025 13,481 jbell on DSKJLSW7X2PROD with NOTICES Subsequent notices (section 1030.5) 2. Change in terms ................................................. 3. Prematurity (renewal) notices to consumers ..... 4. Disclosures on periodic statements (section 1030.6). 5. Advertising (section 1030.8) ............................... Disclosure (Mandatory) .......................................... Disclosure (Mandatory) .......................................... Disclosure (Mandatory) .......................................... 3,172 3,172 3,172 380 340 12 0.017 0.017 4 20,491 18,334 152,256 Disclosure (Mandatory) .......................................... 3,172 12 0.5 19,032 Subtotal Regulation DD Burden ...................... ................................................................................ ........................ ...................... .................... 223,594 Source: FDIC. VerDate Sep<11>2014 17:15 May 20, 2021 Jkt 253001 PO 00000 Frm 00049 Fmt 4703 Sfmt 4703 E:\FR\FM\21MYN1.SGM 21MYN1 27601 Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices SUMMARY OF ANNUAL BURDEN FOR REGULATION CC [OMB No. 3064–0084] Estimated number of respondents Type of burden (obligation to respond) Estimated number of responses/ respondent Estimated time per response (hours) Total annual estimated burden (hours) Regulation CC—12 CFR Part 229 1. Specific availability policy disclosure (initial notice to consumers, upon request, upon change in policy) (sections 229.16, 229.17 and 229.18(d)). 2. Case-by-case hold notice to consumers (section 229.16(c)). 3. Notice of exceptions to hold policy (section 229.13(g)). 4. Notice posted where consumers make deposits (including at ATMs)4(sections 229.18(b) and 229.18(c)). 5. Notice to consumers of changes in policy (section 229.18(e)). 6. Annual notice of new ATMs (section 229.18(e)) 7. Notice of nonpayment—notice to depositary bank (section 229.33(a) and (d)). 8. Response to consumer’s re-credit claim (validation, denial, reversal) (section 229.54(e)). 9. Bank’s claim against an indemnifying bank (section 229.55). 10. Consumer awareness disclosure (section 229.57). 11. Reg CC Consumer Burden—Expedited recredit claim notice (section 229.54(a) and (b)(2)). Subtotal Regulation CC Burden ...................... Disclosure (Mandatory) .......................................... 3,227 140 0.017 7680 Disclosure (Mandatory) .......................................... 3,227 717 0.05 115688 Disclosure (Mandatory) .......................................... 3,227 247 0.05 39853 Disclosure (Mandatory) .......................................... 3,227 1 0.25 807 Disclosure (Mandatory) .......................................... 3,227 170 0.017 9,326 Disclosure (Mandatory) .......................................... Disclosure (Mandatory) .......................................... 3,227 3,227 1 2,211 5 0.017 16,135 121,293 Disclosure (Mandatory) .......................................... 3,227 12 0.25 9,681 Reporting (Mandatory) ........................................... 3,227 5 0.25 4,034 Disclosure (Mandatory) .......................................... 3,227 170 0.017 9,326 Reporting (Mandatory) ........................................... 3,227 8 0.25 6,454 ................................................................................ ........................ ...................... .................... 340, 277 Source: FDIC. information, the consumer’s potential liability for unauthorized transfers, and error resolution rights and procedures. [OMB No. 3064–0084] Like Regulation E, Regulation CC has consumer protection disclosure Total annual requirements. Specifically, Regulation estimated CC requires depository institutions to burden (hours) make funds deposited in transaction accounts available within specified time Subtotal Regulation E ........... 28,950 periods, disclose their availability Subtotal Regulation DD ........ 223,594 Subtotal Regulation CC ........ 340,277 policies to customers, and begin accruing interest on such deposits promptly. The disclosures are intended Total Estimated Annual Burden ....................... 592,821 to alert customers that their ability to use deposited funds may be delayed, Source: FDIC. prevent unintentional (and costly) General Description of Collection: overdrafts, and allow customers to Regulations E & DD (Consumer compare the policies of different Financial Protection Bureau’s institutions before deciding at which Regulations) and Regulation CC (the institution to deposit funds. Depository Federal Reserve Board’s Regulation) institutions must also provide an ensure adequate disclosures regarding awareness disclosure regarding accounts, including electronic fund substitute checks. The regulation also transfer services, availability of funds, requires notice to the depositary bank and fees and annual percentage yield for and to a customer of nonpayment of a deposit accounts. Generally, the check. Regulation DD also has similar Regulation E disclosures are designed to consumer protection disclosure ensure consumers receive adequate requirements that are intended to assist disclosure of basic terms, costs, and consumers in comparing deposit rights relating to electronic fund transfer accounts offered by institutions, (EFT) services provided to them so that principally through the disclosure of they can make informed decisions. fees, the annual percentage yield, and Institutions offering EFT services must other account terms. disclose to consumers certain Regulation DD requires depository information, including: Initial and institutions to disclose yields, fees, and updated EFT terms, transaction other terms concerning deposit accounts jbell on DSKJLSW7X2PROD with NOTICES SUMMARY OF TOTAL ESTIMATED ANNUAL BURDEN VerDate Sep<11>2014 17:15 May 20, 2021 Jkt 253001 PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 to consumers at account opening, upon request, and when changes in terms occur. Depository institutions that provide periodic statements are required to include information about fees imposed, interest earned, and the annual percentage yield (APY) earned during those statement periods. It also contains rules about advertising deposit accounts. There is no change in the method or substance of the collection. The overall reduction in burden hours is partly the result of economic fluctuation and the reduced number of FDIC-supervised institutions. The primary reason for the overall reduction in total estimated annual burden for this information collection from 2,946,887 hours to 592,821 hours is due to the recognition that a group items in the currentlyapproved information collection related to overdraft opt-in disclosures should be treated as one-time burdens and no longer present a burden for FDICsupervised institutions. These items made up 2.3 million hours of the burden in currently approved information collection. The treatment of these items as representing no ongoing burden is consistent with the Federal Reserve Board’s burden treatment in their current information collection request.1 1 OMB E:\FR\FM\21MYN1.SGM Control Number 7100–0271. 21MYN1 27602 Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the 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; 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. All comments will become a matter of public record. Dated at Washington, DC, this 18th day of May 2021. Federal Deposit Insurance Corporation James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2021–10754 Filed 5–20–21; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION RIN 3064–ZA25 Request for Information and Comment on Digital Assets Background Information Federal Deposit Insurance Corporation. ACTION: Request for information and comment. AGENCY: The Federal Deposit Insurance Corporation (FDIC) is gathering information and soliciting comments from interested parties regarding insured depository institutions’ (IDIs’) current and potential activities related to digital assets. The FDIC is interested in receiving input on current and potential digital asset use cases involving IDIs and their affiliates. DATES: Comments must be received by July 16, 2021. ADDRESSES: Commenters are encouraged to use the title ‘‘Request for Information and Comment on Digital Assets (RIN 3064–ZA25)’’ and to identify the number of the specific question(s) for comment to which they are responding. Please send comments by one method only directed to: • Agency Website: https:// www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the agency’s website. • Email: Comments@fdic.gov. Include RIN 3064–ZA25 in the subject line of the message. jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:15 May 20, 2021 Jkt 253001 • Mail: James P. Sheesley, Assistant Executive Secretary, Attention: Comments-RIN 3064–ZA25, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. • Hand Delivery/Courier: Comments may be hand-delivered to the guard station at the rear of the 550 17th Street NW building (located on F Street) on business days between 7:00 a.m. and 5:00 p.m., ET. Public Inspection: All comments received will be posted without change to https://www.fdic.gov/regulations/ laws/federal/—including any personal information provided—for public inspection. Paper copies of public comments may be ordered from the FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226 or by telephone at (877) 275–3342 or (703) 562–2200. FOR FURTHER INFORMATION CONTACT: RaeAnn Miller, Senior Deputy Director, Supervisory Examinations and Policy, Division of Risk Management Supervision, (202) 898–3898, rmiller@ fdic.gov; Jonathan Miller, Deputy Director, Division of Depositor and Consumer Protection, 202–898–3587, jonmiller@fdic.gov; or C. Chris Ledoux, Corporate Expert, Financial Innovation and Technology Group, Legal Division, 202–898–3535, cledoux@fdic.gov. SUPPLEMENTARY INFORMATION: FDIC Overview The FDIC is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. The FDIC works to maintain the strength of the U.S. financial sector through effective supervision of regulated financial institutions, consumer protection, the resolution of failed financial institutions, and the provision of deposit insurance.1 In its capacity as a federal banking regulator and deposit insurer, among other functions, the FDIC examines and supervises institutions’ safe and sound operations and compliance with laws and regulations, evaluates resolution plans of large financial institutions, maintains 1 As of December 31, 2020, the FDIC insured 5,001 insured commercial banks and savings institutions. The FDIC is the primary federal regulator of state-chartered banks and savings associations that are not members of the Federal Reserve System. As of December 31, 2020, the FDIC supervised approximately 3,221 banks and savings associations. The FDIC also has a back-up supervision and examination role with respect to insured depository institutions for which the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System are the primary federal regulators. See https:// www.fdic.gov/bank/analytical/qbp/2020dec/. PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 the Deposit Insurance Fund (DIF), and resolves failed IDIs.2 Collectively, the FDIC’s activities support a safe-andsound banking sector and contribute to the stability of and public confidence in the U.S. financial system as a whole. In addition to its individual responsibilities, the FDIC works cooperatively with its fellow state and federal banking regulators to strengthen the banking sector and the U.S. financial system, including through a number of interagency formal structures, joint rule making and examinations. Current and Potential Digital Assets Use Cases One area of new technology and innovation surrounds the use of digital assets in financial markets and intermediation, as well as with settlement and payment systems. Banks are increasingly exploring several roles in the emerging digital asset ecosystem, such as being custodians, reserve holders, issuers, and exchange or redemption agents; performing node functions; and holding digital asset issuers’ money deposits. Digital asset use cases and related activities may fall into one or more broad categories: • Technology solutions, such as those involving closed and open payment systems, other token-based systems for banking activities other than payments (e.g., lending), and acting as nodes in networks (e.g., distributed ledgers). • Asset-based activities, such as investments, collateral, margin lending and liquidity facilities. • Liability-based activities, such as deposit services and where deposits serve as digital asset reserves. • Custodial activities, such as providing digital asset safekeeping and related services, such as secondary lending, as well as acting as a qualified custodian on behalf of investment advisors. • Other activity that does not align with the others above. Examples could include market-making and decentralized financing. Request for Comment The FDIC recognizes that there are novel and unique considerations related to digital assets, and this RFI is intended to help inform the FDIC’s understanding in this area. The FDIC is seeking input on current and potential use cases involving IDIs and their affiliates and 2 ‘‘Insured depository institution’’ means any bank or savings association the deposits of which are insured by the FDIC pursuant to the Federal Deposit Insurance Act (FDI Act). See 12 U.S.C. 1813(c). E:\FR\FM\21MYN1.SGM 21MYN1

Agencies

FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 86, Number 97 (Friday, May 21, 2021)]
[Notices]
[Pages 27596-27602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-10754]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request [OMB No. 3064-0082; and -0084]

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Agency information collection activities: Submission for OMB 
review; comment request.

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

SUMMARY: The FDIC, as part of its obligations under the Paperwork

[[Page 27597]]

Reduction Act of 1995, invites the general public and other Federal 
agencies to take this opportunity to comment on the request to renew 
the existing information collections described below (OMB Control No. 
3064-0082; and -0084).

DATES: Comments must be submitted on or before June 21, 2021.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    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: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: Recordkeeping, Disclosure and Reporting Requirements in 
Connection with Regulation Z.
    OMB Control Number: 3064-0082.
    Form Number: None.
    Affected Public: FDIC-supervised institutions.
    Burden Estimate: The total estimated annual burden is 2,031,731 
hours and is detailed in the following tables:

                                                    Summary of Estimated Annual Implementation Burden
                                                                   [OMB No. 3064-0082]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                     Estimated
                                           Type of burden  (obligation                                    Number of     Number of     time per    Annual
              IC description                       to respond)              Frequency  of response       respondents   responses/     response    burden
                                                                                                                       respondent    (minutes)   (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                Open-End Credit Products
                                                 Not Home-Secured Open-End Credit Plans
                                                         [cir] Credit and Charge Card Provisions
--------------------------------------------------------------------------------------------------------------------------------------------------------
Timely Settlement of Estate Debts          Recordkeeping (Mandatory)..  On occasion...................             8             1       480.00       64
 (1026.11(c)(1)) Written Policies and
 Procedures.
Ability to Pay (1026.51(a)(ii)) Written    Recordkeeping (Mandatory)..  On occasion...................             8             1       480.00       64
 Policies and Procedures.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Mortgage Products (Open and Closed-End)
                                                         Valuation Independence
                                                                [cir] Mandatory Reporting
--------------------------------------------------------------------------------------------------------------------------------------------------------
Implementation of Policies and Procedures  Recordkeeping (Mandatory)..  On occasion...................             8             1     1,200.00      160
 (1026.42(g)).
                                                                                                       -------------------------------------------------
    Total Annual Implementation Burden     ...........................  ..............................  ............  ............  ...........      288
     Hours.                                                                                                                                        hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.


                                                       Summary of Estimated Annual Ongoing Burden
                                                                   [OMB No. 3064-0082]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                   Estimated
                                          Type of burden  (obligation                                   Number of     Number of     time per     Annual
             IC description                       to respond)              Frequency  of response      respondents   responses/     response     burden
                                                                                                                     respondent    (minutes)    (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                Open-End Credit Products
                                                 Not Home-Secured Open-End Credit Plans
                                        [cir] General Disclosure Rules for Not Home-Secured Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
1. Credit and Charge Card Applications    Disclosure (Mandatory).....  Annual.......................           575             1          480      4,600
 and Solicitations (1026.60).
2. Account Opening Disclosures            Disclosure (Mandatory).....  Annual.......................           575             1          720      6,900
 (1026.6(b)).
3. Periodic Statements (1026.7(b))......  Disclosure (Mandatory).....  Monthly......................           575            12          480     55,200
4. Annual Statement of Billing Rights     Disclosure (Mandatory).....  Annual.......................           575             1          480      4,600
 (1026.9(a)(1)).
5. Alternative Summary Statement of       Disclosure (Voluntary).....  Monthly......................           575            12          480     55,200
 Billing Rights (1026.9(a)(2)).
6. Change in Terms Disclosures            Disclosure (Mandatory).....  Annual.......................           575             1          480      4,600
 (1026.9(b) through (h)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         [cir] Credit and Charge Card Provisions
--------------------------------------------------------------------------------------------------------------------------------------------------------
7. Timely Settlement of Estate Debts      Disclosure (Mandatory).....  On occasion..................           575          52 *            5      2,495
 (1026.11(c)(2)).
8. Ability to Pay (1026.51).............  Recordkeeping (Mandatory)..  Annual.......................           575             1          720      6,900
9. College Student Credit Annual Report   Reporting (Mandatory)......  Annual.......................           575             1          480      4,600
 (1026.57(d)).
10. Submission of Credit Card Agreements  Reporting (Mandatory)......  Quarterly....................           575             4          180      6,900
 (1026.58(c)).
11. Internet Posting of Credit Card       Disclosure (Mandatory).....  Quarterly....................           575             4          360     13,800
 Agreements (1026.58(d)).
12. Individual Credit Card Agreements     Disclosure (Mandatory).....  On occasion..................           575          12 *           15      1,788
 (1026.58(e)).
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 27598]]

 
                                               Home Equity Open-End Credit Plans (HELOC)
                                                       [cir] General Disclosure Rules for HELOC's
--------------------------------------------------------------------------------------------------------------------------------------------------------
13. Application Disclosures (1026.40)...  Disclosure (Mandatory).....  Annual.......................         2,362             1          720     28,344
14. Account Opening Disclosures           Disclosure (Mandatory).....  Annual.......................         2,362             1          720     28,344
 (1026.6(a)).
15. Periodic Statements (1026.7(a)).....  Disclosure (Mandatory).....  Annual.......................         2,362             1          480     18,896
16. Annual Statement of Billing Rights    Disclosure (Mandatory).....  Annual.......................         2,362             1          480     18,896
 (1026.9(a)(1)).
17. Alternative Summary Statement of      Disclosure (Voluntary).....  Annual.......................         2,362             1          480     18,896
 Billing Rights (1026.9(a)(2)).
18. Change in Terms Disclosures           Disclosure (Mandatory).....  Annual.......................         2,362             1          480     18,896
 (1026.9(b) through (h)).
19. Notice to Restrict Credit             Disclosure (Mandatory).....  Annual.......................         2,362             1          120      4,724
 (1026.9(c)(1)(iii); .40(f)(3)(i) and
 (vi)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                       All Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
20. Error Resolution (1026.13)..........  Disclosure (Mandatory).....  On occasion..................         2,442         688 *            1     28,004
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                               Closed-End Credit Products
                                                  General Rules for Closed-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
21. Other than Real Estate, Home-Secured  Disclosure (Mandatory).....  Annual.......................         2,850             1          720     34,200
 and Private Education Loans (1026.17
 and .18).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          Closed-End Mortgages
                                                           [cir] Application and Consummation
--------------------------------------------------------------------------------------------------------------------------------------------------------
22. Loan Estimate (1026.19(e); and .37).  Disclosure (Mandatory).....  Annual.......................         3,119             1          480     24,952
23. Closing Disclosure (1026.19(f); and   Disclosure (Mandatory).....  Annual.......................         3,119             1          480     24,952
 .38).
24. Record Retention of Disclosures       Recordkeeping (Mandatory)..  Annual.......................         3,119             1           18        936
 (1026.19(e), (f); .37; and .38).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           [cir] Post-Consummation Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
25. Interest Rate and Payment Summary     Disclosure (Mandatory).....  Annual.......................         3,119             1        2,400    124,760
 (1026.18(s)).
26. No Guarantee to Refinance Statement   Disclosure (Mandatory).....  Annual.......................         3,119             1          480     24,952
 (1026.18(t)).
27. ARMs Rate Adjustments with Payment    Disclosure (Mandatory).....  Annual.......................         3,119             1           90      4,679
 Change Disclosures (1026.20(c)).
28. Initial Rate Adjustment Disclosure    Disclosure (Mandatory).....  Annual.......................         3,119             1          120      6,238
 for ARMs (1026.20(d)).
29. Escrow Cancellation Notice            Disclosure (Mandatory).....  Annual.......................         3,119             1          480     24,952
 (1026.20(e)).
30. Periodic Statements (1026.41).......  Disclosure (Mandatory).....  Annual.......................         3,119             1          480     24,952
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           [cir] Ability to Repay Requirements
--------------------------------------------------------------------------------------------------------------------------------------------------------
31. Minimum Standards (1026.43(c)         Recordkeeping (Mandatory)..  On occasion..................         3,119       1,005 *           15    783,797
 through (f)).
32. Prepayment Penalties (1026.43(g))...  Disclosure (Mandatory).....  On occasion..................         3,119           23*           12     14,260
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Mortgage Products (Open and Closed-End)
                                                     Mortgage Servicing Disclosures
                                                                 [cir] Payoff Statements
--------------------------------------------------------------------------------------------------------------------------------------------------------
33. Payoff Statements (1026.36(c)(3))...  Disclosure (Mandatory).....  Annual.......................         3,128             1          480     25,024
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                            [cir] Notice of Sale or Transfer
--------------------------------------------------------------------------------------------------------------------------------------------------------
34. Notice of Sale or Transfer (1026.39)  Disclosure (Mandatory).....  Annual.......................         3,128             1          480     25,024
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Valuation Independence
                                                                [cir] Mandatory Reporting
--------------------------------------------------------------------------------------------------------------------------------------------------------
35. Reporting Appraiser Noncompliance     Reporting (Mandatory)......  On occasion..................         3,128           1 *           10        521
 (1026.42(g)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             Reverse and High-Cost Mortgages
                                                           Reverse Mortgages
                                                           [cir] Reverse Mortgage Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
36. Reverse Mortgage Disclosures          Disclosure (Mandatory).....  Annual.......................             6             1        1,440        144
 (1026.31(c)(2) and .33).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                        High-Cost Mortgage Loans
                                                           [cir] HOEPA Disclosures and Notice
--------------------------------------------------------------------------------------------------------------------------------------------------------
37. HOEPA Disclosures and Notice          Disclosure (Mandatory).....  Annual.......................         3,119             1           14        728
 (1026.32(c).
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 27599]]

 
                                                                 Private Education Loans
                                                          Initial Disclosures
                                                     [cir] Application and Solicitation Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
38. Application or Solicitation           Disclosure (Mandatory).....  Annual.......................         3,061             1        3,600    183,660
 Disclosures (1026.47(a)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                               [cir] Approval Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
39. Approval Disclosures (1026.47(b))...  Disclosure (Mandatory).....  Annual.......................         3,061             1        3,600    183,660
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 [cir] Final Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
40. Final Disclosures (1026.47(c))......  Disclosure (Mandatory).....  Annual.......................         3,061             1        3,600    183,660
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Advertising Rules
                                                            All Credit Types
                                                                  [cir] Open-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
41. Open-End Credit (1026.16)...........  Disclosure (Mandatory).....  Annual.......................         2,442            1*           20        814
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 [cir] Closed-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
42. Closed-End Credit (1026.24).........  Disclosure (Mandatory).....  Annual.......................         3,152            1*           20      1,051
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Record Retention
                                                         Evidence of Compliance
--------------------------------------------------------------------------------------------------------------------------------------------------------
43. Regulation Z in General (1026.25)...  Recordkeeping (Mandatory)..  Annual.......................         3,152             1           18        946
                                                                                                     ---------------------------------------------------
    Total Annual Ongoing Burden Hours...  ...........................  .............................  ............  ............  ...........  2,031,443
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.
* The average number of responses for this IC is based on the average number of credit accounts held at the respondent IDIs.

    General Description of the Collection: Consumer Financial 
Protection Bureau (CFPB) Regulation Z--12 CFR 1026 implements the Truth 
in Lending Act (15 U.S.C. 1601, et seq.) and certain provisions of the 
Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.). This 
regulation prescribes uniform methods for computing the cost of credit, 
the disclosure of credit terms and costs, the resolution of errors and 
imposes various other recordkeeping, reporting and disclosure 
requirements. The FDIC has enforcement authority on the requirements of 
the CFPB's Regulation over the financial institutions it supervises. 
This information collection captures the recordkeeping, reporting and 
disclosure burdens of Regulation Z on FDIC-supervised institutions. To 
arrive at the estimated annual burden the FDIC assessed the number of 
potential respondents to the information collection by identifying the 
number of FDIC-supervised institutions who reported activity that would 
be within the scope of the information collection requirements 
according to data from the most recent Call Report. Additionally, the 
FDIC estimated the frequency of responses to the recordkeeping, 
reporting, or disclosure requirements by assessing the dollar volume of 
activity that would be within the scope of the information collection. 
In some instances the FDIC used information provided by other sources 
to estimate the magnitude and scope of activity attributable to FDIC-
supervised institutions when more immediate information sources did not 
exist. There is no change in the substance or methodology of this 
information collection. The reduction in total estimated annual burden 
from 2,395,630 hours to 2,031,731 hours is solely attributable to 
agency estimates driven by economic fluctuations.
    2. Title: Account Based Disclosures in Connection with Consumer 
Financial Protection Bureau Regulations E and DD and Federal Reserve 
Regulation CC.
    OMB Control Number: 3064-0084.
    Form Number: None.
    Affected Public: FDIC-supervised institutions.
    Burden Estimate:

                                    Summary of Annual Burden for Regulation E
                                               [OMB No. 3064-0084]
----------------------------------------------------------------------------------------------------------------
                                                                                                        Total
                                       Type of burden        Estimated      Estimated    Estimated      annual
                                       (obligation to        number of      number of     time per    estimated
                                          respond)          respondents    responses/     response      burden
                                                                           respondent     (hours)      (hours)
----------------------------------------------------------------------------------------------------------------
                                         Regulation E--12 CFR Part 1005
                                               Initial disclosures
----------------------------------------------------------------------------------------------------------------
1. General (1005.7(b))............  Disclosure                     3,172            83        0.025        6,582
                                     (Mandatory).
2. Payroll cards (1005.18(c)(1))..  Disclosure                         8         5,000        0.025        1,000
                                     (Mandatory).
3. Change in terms (1005.8(a))....  Disclosure                     3,172           113        0.017        6,093
                                     (Mandatory).
----------------------------------------------------------------------------------------------------------------

[[Page 27600]]

 
                                             Error resolution rules
----------------------------------------------------------------------------------------------------------------
4. General (1005.8(b) and 1005.11)  Disclosure                     3,172             3          0.5        4,758
                                     (Mandatory).
5. Payroll cards (1005.18)........  Disclosure                         8             8          0.5           32
                                     (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                  Prepaid Accounts Rule (1005.18)--New Products
----------------------------------------------------------------------------------------------------------------
6. Short Form Disclosure            Disclosure                         4            53           40        8,480
 (1005.18(b)(2) and 100.515(c).      (Mandatory).
7. Long Form Disclosure             Disclosure                         4            53            8        1,696
 1005.18(b)(4) and 1005.15(c).       (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                 Prepaid Accounts Rule (1005.18)--Implementation
----------------------------------------------------------------------------------------------------------------
8. Short Form Additional Fee Type   Disclosure                         1             1            4            4
 Disclosure (1005.18(b)(2)(ix)       (Mandatory).
 implementation.
9. Access to Prepaid Account        Recordkeeping                      1             1           24           24
 Information 1005.18(c)(5) and       (Mandatory).
 1005.15(d) implementation.
10. Error Resolution 1005.18(e)(2)  Recordkeeping                      1             1            8            8
 and 1005.1511 implementation.       (Mandatory).
11. Submission of Agreements        Reporting                          1             1            1            1
 (1005.19)(b) implementation.        (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                         Prepaid Accounts Rule--Ongoing
----------------------------------------------------------------------------------------------------------------
12. Short Form Additional Fee Type  Disclosure                        15             1           .5            8
 Disclosure (1005.18(b)(2)(ix)       (Mandatory).
 ongoing.
13. Access to Prepaid Account       Recordkeeping                     15             1           .5            8
 Information 1005.18(c)(5) and       (Mandatory).
 1005.15(d) ongoing.
14. Error Resolution (1005.18       Recordkeeping                     15             1           .5            8
 (e)(2) and 1055.11 ongoing.         (Mandatory).
15. Submission of Agreements        Reporting                         15             1           .5            8
 (1005.19(b) ongoing.                (Mandatory).
----------------------------------------------------------------------------------------------------------------
                    Gift card/gift certificate (section 1005.20, FRB R-1377)--Implementation
----------------------------------------------------------------------------------------------------------------
16. Exclusion policies &            Recordkeeping                      1             1           40           40
 procedures (1005.20(b)(2))          (Mandatory).
 implementation.
17. Policy & procedures             Recordkeeping                      1             1           40           40
 (1005.20(e)(1)) implementation.     (Mandatory).
----------------------------------------------------------------------------------------------------------------
                        Gift card/gift certificate (section 1005.20, FRB R-1377)--Ongoing
----------------------------------------------------------------------------------------------------------------
18. Exclusion policies &            Recordkeeping                     10             1            8           80
 procedures (1005.20(b)(2) ongoing.  (Mandatory).
19. Policy & procedures             Recordkeeping                     10             1            8           80
 (1005.20(e)(1)) ongoing.            (Mandatory).
                                                         -------------------------------------------------------
    Subtotal Regulation E Burden..  ....................  ..............  ............  ...........       28,950
----------------------------------------------------------------------------------------------------------------
Source: FDIC.


                                   Summary of Annual Burden for Regulation DD
                                               [OMB No. 3064-0084]
----------------------------------------------------------------------------------------------------------------
                                                                                                        Total
                                       Type of burden        Estimated      Estimated    Estimated      annual
                                       (obligation to        number of      number of     time per    estimated
                                          respond)          respondents    responses/     response      burden
                                                                           respondent     (hours)      (hours)
----------------------------------------------------------------------------------------------------------------
                                         Regulation DD--12 CFR Part 1030
----------------------------------------------------------------------------------------------------------------
1. Account disclosures (upon        Disclosure                     3,172           170        0.025       13,481
 request and new accounts)           (Mandatory).
 (section 1030.4).
----------------------------------------------------------------------------------------------------------------
                                       Subsequent notices (section 1030.5)
----------------------------------------------------------------------------------------------------------------
2. Change in terms................  Disclosure                     3,172           380        0.017       20,491
                                     (Mandatory).
3. Prematurity (renewal) notices    Disclosure                     3,172           340        0.017       18,334
 to consumers.                       (Mandatory).
4. Disclosures on periodic          Disclosure                     3,172            12            4      152,256
 statements (section 1030.6).        (Mandatory).
5. Advertising (section 1030.8)...  Disclosure                     3,172            12          0.5       19,032
                                     (Mandatory).
                                                         -------------------------------------------------------
    Subtotal Regulation DD Burden.  ....................  ..............  ............  ...........      223,594
----------------------------------------------------------------------------------------------------------------
Source: FDIC.


[[Page 27601]]


                                   Summary of Annual Burden for Regulation CC
                                               [OMB No. 3064-0084]
----------------------------------------------------------------------------------------------------------------
                                                                                                        Total
                                       Type of burden        Estimated      Estimated    Estimated      annual
                                       (obligation to        number of      number of     time per    estimated
                                          respond)          respondents    responses/     response      burden
                                                                           respondent     (hours)      (hours)
----------------------------------------------------------------------------------------------------------------
                                         Regulation CC--12 CFR Part 229
----------------------------------------------------------------------------------------------------------------
1. Specific availability policy     Disclosure                     3,227           140        0.017         7680
 disclosure (initial notice to       (Mandatory).
 consumers, upon request, upon
 change in policy) (sections
 229.16, 229.17 and 229.18(d)).
2. Case-by-case hold notice to      Disclosure                     3,227           717         0.05       115688
 consumers (section 229.16(c)).      (Mandatory).
3. Notice of exceptions to hold     Disclosure                     3,227           247         0.05        39853
 policy (section 229.13(g)).         (Mandatory).
4. Notice posted where consumers    Disclosure                     3,227             1         0.25          807
 make deposits (including at         (Mandatory).
 ATMs)\4\(sections 229.18(b) and
 229.18(c)).
5. Notice to consumers of changes   Disclosure                     3,227           170        0.017        9,326
 in policy (section 229.18(e)).      (Mandatory).
6. Annual notice of new ATMs        Disclosure                     3,227             1            5       16,135
 (section 229.18(e)).                (Mandatory).
7. Notice of nonpayment--notice to  Disclosure                     3,227         2,211        0.017      121,293
 depositary bank (section            (Mandatory).
 229.33(a) and (d)).
8. Response to consumer's re-       Disclosure                     3,227            12         0.25        9,681
 credit claim (validation, denial,   (Mandatory).
 reversal) (section 229.54(e)).
9. Bank's claim against an          Reporting                      3,227             5         0.25        4,034
 indemnifying bank (section          (Mandatory).
 229.55).
10. Consumer awareness disclosure   Disclosure                     3,227           170        0.017        9,326
 (section 229.57).                   (Mandatory).
11. Reg CC Consumer Burden--        Reporting                      3,227             8         0.25        6,454
 Expedited re-credit claim notice    (Mandatory).
 (section 229.54(a) and (b)(2)).
                                                         -------------------------------------------------------
    Subtotal Regulation CC Burden.  ....................  ..............  ............  ...........     340, 277
----------------------------------------------------------------------------------------------------------------
Source: FDIC.


                Summary of Total Estimated Annual Burden
                           [OMB No. 3064-0084]
------------------------------------------------------------------------
                                                           Total annual
                                                             estimated
                                                              burden
                                                              (hours)
------------------------------------------------------------------------
Subtotal Regulation E...................................          28,950
Subtotal Regulation DD..................................         223,594
Subtotal Regulation CC..................................         340,277
                                                         ---------------
    Total Estimated Annual Burden.......................         592,821
------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: Regulations E & DD (Consumer 
Financial Protection Bureau's Regulations) and Regulation CC (the 
Federal Reserve Board's Regulation) ensure adequate disclosures 
regarding accounts, including electronic fund transfer services, 
availability of funds, and fees and annual percentage yield for deposit 
accounts. Generally, the Regulation E disclosures are designed to 
ensure consumers receive adequate disclosure of basic terms, costs, and 
rights relating to electronic fund transfer (EFT) services provided to 
them so that they can make informed decisions. Institutions offering 
EFT services must disclose to consumers certain information, including: 
Initial and updated EFT terms, transaction information, the consumer's 
potential liability for unauthorized transfers, and error resolution 
rights and procedures.
    Like Regulation E, Regulation CC has consumer protection disclosure 
requirements. Specifically, Regulation CC requires depository 
institutions to make funds deposited in transaction accounts available 
within specified time periods, disclose their availability policies to 
customers, and begin accruing interest on such deposits promptly. The 
disclosures are intended to alert customers that their ability to use 
deposited funds may be delayed, prevent unintentional (and costly) 
overdrafts, and allow customers to compare the policies of different 
institutions before deciding at which institution to deposit funds. 
Depository institutions must also provide an awareness disclosure 
regarding substitute checks. The regulation also requires notice to the 
depositary bank and to a customer of nonpayment of a check. Regulation 
DD also has similar consumer protection disclosure requirements that 
are intended to assist consumers in comparing deposit accounts offered 
by institutions, principally through the disclosure of fees, the annual 
percentage yield, and other account terms.
    Regulation DD requires depository institutions to disclose yields, 
fees, and other terms concerning deposit accounts to consumers at 
account opening, upon request, and when changes in terms occur. 
Depository institutions that provide periodic statements are required 
to include information about fees imposed, interest earned, and the 
annual percentage yield (APY) earned during those statement periods. It 
also contains rules about advertising deposit accounts.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is partly the result of economic 
fluctuation and the reduced number of FDIC-supervised institutions. The 
primary reason for the overall reduction in total estimated annual 
burden for this information collection from 2,946,887 hours to 592,821 
hours is due to the recognition that a group items in the currently-
approved information collection related to overdraft opt-in disclosures 
should be treated as one-time burdens and no longer present a burden 
for FDIC-supervised institutions. These items made up 2.3 million hours 
of the burden in currently approved information collection. The 
treatment of these items as representing no ongoing burden is 
consistent with the Federal Reserve Board's burden treatment in their 
current information collection request.\1\
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    \1\ OMB Control Number 7100-0271.

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[[Page 27602]]

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the 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; 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. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 18th day of May 2021.

Federal Deposit Insurance Corporation
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-10754 Filed 5-20-21; 8:45 am]
BILLING CODE 6714-01-P

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