Notice and Request for Comment Regarding the CFPB's Inquiry Into Buy-Now-Pay-Later (BNPL) Providers, 3511-3512 [2022-01278]

Download as PDF Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices 3511 TABLE 1—STANDARD EX-VESSEL PRICES BY SPECIES FOR THE 2021 ROCKFISH PROGRAM SEASON IN KODIAK, ALASKA— Continued Period ending Thornyhead Rockfish ............................................................... May 31 ..................................................................................... June 30 .................................................................................... July 31 ..................................................................................... Aug 31 ..................................................................................... September 30 .......................................................................... October 31 ............................................................................... November 30 ........................................................................... April 30 .................................................................................... May 31 ..................................................................................... June 30 .................................................................................... July 31 ..................................................................................... Aug 31 ..................................................................................... September 30 .......................................................................... October 31 ............................................................................... November 30 ........................................................................... Authority: 16 U.S.C. 773 et seq.; 1801 et seq.; 3631 et seq.; Pub. L. 108–447; Pub. L. 111–281. Dated: January 18, 2022. Ngagne Jafnar Gueye, Acting Director, Office of Sustainable Fisheries, National Marine Fisheries Service. [FR Doc. 2022–01198 Filed 1–21–22; 8:45 am] BILLING CODE 3510–22–P BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No.: CFPB–2022–0002] Notice and Request for Comment Regarding the CFPB’s Inquiry Into Buy-Now-Pay-Later (BNPL) Providers Bureau of Consumer Financial Protection. ACTION: Notice; request for comment. AGENCY: On December 16, 2021, the Consumer Financial Protection Bureau (Bureau) opened market monitoring orders, inquiring into Buy-Now-PayLater (BNPL) products in the United States to gain information about the size, scope, and business practices of the BNPL market. The information will help the Bureau better understand how consumers interact with BNPL providers, and how BNPL business models impact the broader e-commerce and consumer credit marketplaces. The Bureau also issued a press release to accompany these orders. The Bureau invites any interested parties, including consumers, small businesses, consumer advocates, financial institutions, trade associations, investors, state and Federal regulators and Attorneys General, and experts in consumer lending, payments, and marketing to submit comments to inform the agency’s inquiry. SUMMARY: jspears on DSK121TN23PROD with NOTICES1 Standard ex-vessel price per pound Species VerDate Sep<11>2014 18:11 Jan 21, 2022 Jkt 256001 Comments must be received on or before March 25, 2022. ADDRESSES: You may submit comments, identified by Docket No.: CFPB–2022– 0002, by any of the following methods: • Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments. • Email: BNPLInquiry@cfpb.gov. Include Docket No.: CFPB–2022–0002 in the subject line of the message. • Mail/Hand Delivery/Courier: Comment Intake—Statement into BNPL Providers, Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20552. Please note that due to circumstances associated with the COVID–19 pandemic, the Bureau discourages the submission of comments by hand delivery, mail, or courier. Instructions: The Bureau encourages the early submission of comments. All submissions should include document title and docket number. Because paper mail in the Washington, DC area and at the Bureau is subject to delay, commenters are encouraged to submit comments electronically. In general, all comments received will be posted without change to https:// www.regulations.gov. In addition, once the Bureau’s headquarters reopens, comments will be available for public inspection and copying at 1700 G Street NW, Washington, DC 20552, on official business days between the hours of 10 a.m. and 5 p.m. Eastern Time. At that time, you can make an appointment to inspect the documents by telephoning 202–435–7275. All comments, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. Proprietary information or sensitive personal DATES: PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 0.19 0.16 0.19 0.19 0.19 0.19 0.26 0.19 0.19 0.13 0.19 0.19 0.19 0.14 0.25 information, such as account numbers or Social Security numbers, or names of other individuals, should not be included. Comments will not be edited to remove any identifying or contact information. This docket is not for submitting other information to the Bureau, such as consumer complaints on a particular company. If you would like to submit a complaint, please visit consumerfinance.gov (https:// www.consumerfinance.gov/complaint/). FOR FURTHER INFORMATION CONTACT: Laura Udis, Program Manager, Small Dollar, Marketplace, and Installment Lending, 202–435–9158. If you require this document in an alternative electronic format, please contact CFPB_ Accessibility@cfpb.gov. SUPPLEMENTARY INFORMATION: I. Background In the December 16, 2021, market monitoring orders and accompanying press release, the Bureau required five providers of Buy-Now-Pay-Later (BNPL) products in the United States to provide information about their size, scope, and business practices.1 The Bureau listed six areas of specific interest: • Business Model and Transaction Metrics • Loan Performance Metrics • Consumer Protections • User Contacts and Demographics • Data Harvesting • Data Monetization The Bureau invites any interested parties to submit comments to inform the agency’s inquiry. 1 The press release and sample order can be found at https://www.consumerfinance.gov/about-us/ newsroom/consumer-financial-protection-bureauopens-inquiry-into-buy-now-pay-later-credit/. E:\FR\FM\24JAN1.SGM 24JAN1 3512 Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices II. Public Comment DEPARTMENT OF DEFENSE The Bureau encourages comments about BNPL products. For example: What is the consumer experience with BNPL products? What are the benefits and risks to consumers from BNPL products? What is the merchant experience with BNPL products? What perspectives do regulators and Attorneys General have with respect to BNPL products? Are there ways in which the BNPL market can be improved? The Bureau is opening a docket on Regulations.gov and invites any interested parties to submit relevant comments to inform the agency’s inquiry. Office of the Secretary Rohit Chopra, Director, Bureau of Consumer Financial Protection. BILLING CODE 4810–AM–P CONSUMER PRODUCT SAFETY COMMISSION Sunshine Act Meeting Wednesday, January 26, 2022, 10:00–11:00 a.m. TIME AND DATE: This meeting will be held remotely. PLACE: Commission Meeting—Open to the Public. STATUS: Decisional Matter: Final Rule: Safety Standard for Crib Mattresses All attendees and participants should pre-register for the Commission meeting (Webinar). To pre-register for the Webinar, please visit https:// attendee.gotowebinar.com/register/ 9089674042451601677 and fill in the information. After registering you will receive a confirmation email containing information about joining the webinar. jspears on DSK121TN23PROD with NOTICES1 CONTACT PERSON FOR MORE INFORMATION: Alberta E. Mills, Office of the Secretary, U.S. Consumer Product Safety Commission, 4330 East-West Highway, Bethesda, MD 20814, 301–504–7479 (Office) or 240–863–8938 (Cell). Dated: January 19, 2022. Alberta E. Mills, Commission Secretary. [FR Doc. 2022–01355 Filed 1–20–22; 11:15 am] BILLING CODE 6355–01–P VerDate Sep<11>2014 18:11 Jan 21, 2022 Jkt 256001 Submission for OMB Review; Comment Request Office of the Under Secretary of Defense for Personnel and Readiness (USD(P&R)), Department of Defense (DoD). ACTION: 30-Day information collection notice. AGENCY: The Department of Defense has submitted to OMB for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act. DATES: Consideration will be given to all comments received by February 23, 2022. SUMMARY: 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: Angela Duncan, 571–372–7574, whs.mcalex.esd.mbx.dd-dod-informationcollections@mail.mil. SUPPLEMENTARY INFORMATION: Title; Associated Form; and OMB Number: DoD Mortuary Affairs Forms; DD Form(s) 3045, 3046, 3047, 3048, 3049, 3050; OMB Control Number 0704–0581. Type of Request: Extension. Number of Respondents: 900. Responses per Respondent: 1.33. Annual Responses: 1,200. Average Burden per Response: 15 minutes. Annual Burden Hours: 300 hours. Needs and Uses: The information collection requirement is necessary to obtain and document the selection (as applicable) of the Person Authorized to Direct Disposition (PADD), who is authorized to direct disposition of human remains of decedents. As stated in 10 U.S. Code 1481, ‘Recovery, Care, and Disposition of Remains: Decedents Covered,’ the DoD may provide for the recovery, care, and disposition of the remains for active-duty regulars, reserve component members, applicants, trainees, military prisoners, and others. The DoD is further authorized, per 10 U.S.C. 1482 and 10 U.S.C. 1482a to provide reimbursement, cover expenses, or otherwise provide mortuary services ADDRESSES: [FR Doc. 2022–01278 Filed 1–21–22; 8:45 am] MATTERS TO BE CONSIDERED: [Docket ID: DoD–2021–OS–0111] PO 00000 Frm 00018 Fmt 4703 Sfmt 9990 for decedents, including civilian employees serving with the armed forces. In order to provide reimbursement or these services, the DoD is charged with electing and documenting the elections of PADD of the remains, to whom the payment/ reimbursement is made. The Service Casualty Office and DoD mortuaries use the information provided in this collection to document the election of the PADD for the preparation, transportation, and final disposition of the remains, as applicable. Depending on the circumstances, a PADD may be asked to complete up to six forms. All PADDs will complete the DD Form 3045, but may additionally be asked to provide information on the DD Forms 3046, 3047, 3048, 3049, and/or 3050. A description of each form has been provided to clarify under which circumstances each form may be used. Affected Public: Individuals or households. Frequency: On occasion. Respondent’s Obligation: Voluntary. OMB Desk Officer: Ms. Jasmeet Seehra. You may also submit comments and recommendations, identified by Docket ID number and title, by the following method: • Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments. Instructions: All submissions received must include the agency name, Docket ID number, and title for this Federal Register document. The general policy for comments and other submissions from members of the public is to make these submissions available for public viewing on the internet at https:// www.regulations.gov as they are received without change, including any personal identifiers or contact information. DOD Clearance Officer: Ms. Angela Duncan. Requests for copies of the information collection proposal should be sent to Ms. Duncan at whs.mc-alex.esd.mbx.dddod-information-collections@mail.mil. Dated: January 19, 2022. Aaron T. Siegel, Alternate OSD Federal Register Liaison Officer, Department of Defense. [FR Doc. 2022–01270 Filed 1–21–22; 8:45 am] BILLING CODE 5001–06–P E:\FR\FM\24JAN1.SGM 24JAN1

Agencies

[Federal Register Volume 87, Number 15 (Monday, January 24, 2022)]
[Notices]
[Pages 3511-3512]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01278]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No.: CFPB-2022-0002]


Notice and Request for Comment Regarding the CFPB's Inquiry Into 
Buy-Now-Pay-Later (BNPL) Providers

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice; request for comment.

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

SUMMARY: On December 16, 2021, the Consumer Financial Protection Bureau 
(Bureau) opened market monitoring orders, inquiring into Buy-Now-Pay-
Later (BNPL) products in the United States to gain information about 
the size, scope, and business practices of the BNPL market. The 
information will help the Bureau better understand how consumers 
interact with BNPL providers, and how BNPL business models impact the 
broader e-commerce and consumer credit marketplaces. The Bureau also 
issued a press release to accompany these orders. The Bureau invites 
any interested parties, including consumers, small businesses, consumer 
advocates, financial institutions, trade associations, investors, state 
and Federal regulators and Attorneys General, and experts in consumer 
lending, payments, and marketing to submit comments to inform the 
agency's inquiry.

DATES: Comments must be received on or before March 25, 2022.

ADDRESSES: You may submit comments, identified by Docket No.: CFPB-
2022-0002, by any of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No.: CFPB-
2022-0002 in the subject line of the message.
     Mail/Hand Delivery/Courier: Comment Intake--Statement into 
BNPL Providers, Bureau of Consumer Financial Protection, 1700 G Street 
NW, Washington, DC 20552. Please note that due to circumstances 
associated with the COVID-19 pandemic, the Bureau discourages the 
submission of comments by hand delivery, mail, or courier.
    Instructions: The Bureau encourages the early submission of 
comments. All submissions should include document title and docket 
number. Because paper mail in the Washington, DC area and at the Bureau 
is subject to delay, commenters are encouraged to submit comments 
electronically. In general, all comments received will be posted 
without change to https://www.regulations.gov. In addition, once the 
Bureau's headquarters reopens, comments will be available for public 
inspection and copying at 1700 G Street NW, Washington, DC 20552, on 
official business days between the hours of 10 a.m. and 5 p.m. Eastern 
Time. At that time, you can make an appointment to inspect the 
documents by telephoning 202-435-7275.
    All comments, including attachments and other supporting materials, 
will become part of the public record and subject to public disclosure. 
Proprietary information or sensitive personal information, such as 
account numbers or Social Security numbers, or names of other 
individuals, should not be included. Comments will not be edited to 
remove any identifying or contact information. This docket is not for 
submitting other information to the Bureau, such as consumer complaints 
on a particular company. If you would like to submit a complaint, 
please visit consumerfinance.gov (https://www.consumerfinance.gov/complaint/).

FOR FURTHER INFORMATION CONTACT: Laura Udis, Program Manager, Small 
Dollar, Marketplace, and Installment Lending, 202-435-9158. If you 
require this document in an alternative electronic format, please 
contact [email protected].

SUPPLEMENTARY INFORMATION:

I. Background

    In the December 16, 2021, market monitoring orders and accompanying 
press release, the Bureau required five providers of Buy-Now-Pay-Later 
(BNPL) products in the United States to provide information about their 
size, scope, and business practices.\1\ The Bureau listed six areas of 
specific interest:
---------------------------------------------------------------------------

    \1\ The press release and sample order can be found at https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-opens-inquiry-into-buy-now-pay-later-credit/.

 Business Model and Transaction Metrics
 Loan Performance Metrics
 Consumer Protections
 User Contacts and Demographics
 Data Harvesting
 Data Monetization

    The Bureau invites any interested parties to submit comments to 
inform the agency's inquiry.

[[Page 3512]]

II. Public Comment

    The Bureau encourages comments about BNPL products. For example: 
What is the consumer experience with BNPL products? What are the 
benefits and risks to consumers from BNPL products? What is the 
merchant experience with BNPL products? What perspectives do regulators 
and Attorneys General have with respect to BNPL products? Are there 
ways in which the BNPL market can be improved?
    The Bureau is opening a docket on Regulations.gov and invites any 
interested parties to submit relevant comments to inform the agency's 
inquiry.

Rohit Chopra,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2022-01278 Filed 1-21-22; 8:45 am]
BILLING CODE 4810-AM-P
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