Proposed Agency Information Collection Activities; Comment Request, 8246-8248 [2022-03126]

Download as PDF 8246 Federal Register / Vol. 87, No. 30 / Monday, February 14, 2022 / Notices website at https://www.epa.gov/ waterfinancecenter/efab#meeting. Procedures for Providing Public Input: Public comment for consideration by EPA’s federal advisory committees has a different purpose from public comment provided to EPA program offices. Therefore, the process for submitting comments to a federal advisory committee is different from the process used to submit comments to an EPA program office. Federal advisory committees provide independent advice to EPA. Members of the public can submit comments on matters being considered by the EFAB for consideration by members as they develop their advice and recommendations to EPA. Written Statements: Written statements and questions for the webinar should be received by March 4, 2022, so that the information can be made available to the EFAB for its consideration. Written statements and questions should be sent via email to efab@epa.gov. Members of the public should be aware that their personal contact information, if included in any written comments, may be posted to the EFAB website. Copyrighted material will not be posted without explicit permission of the copyright holder. Accessibility: For information on access or services for individuals with disabilities or to request accommodations for a disability, please register for the webinar and list any special requirements or accommodations needed on the registration form at least 10 business days prior to the meeting to allow as much time as possible to process your request. Dated: February 8, 2022. Andrew D. Sawyers, Director, Office of Wastewater Management, Office of Water. [FR Doc. 2022–03082 Filed 2–11–22; 8:45 am] BILLING CODE 6560–50–P EXPORT-IMPORT BANK [Public Notice: 2021–6042] Agency Information Collection Activities: Comment Request Export-Import Bank of the United States. ACTION: Submission for OMB review and comments request. jspears on DSK121TN23PROD with NOTICES1 AGENCY: The Export-Import Bank of the United States (EXIM), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal SUMMARY: VerDate Sep<11>2014 17:54 Feb 11, 2022 Jkt 256001 Agencies to comment on the proposed information collection, as required by the Paperwork Reduction Act of 1995. EXIM’s borrowers, financial institution policy holders and guaranteed lenders provide this form to U.S. exporters, who certify to the eligibility of their exports for EXIM support. For direct loans and loan guarantees, the completed form is required to be submitted at time of disbursement and held by either the guaranteed lender or EXIM. For MT insurance, the completed forms are held by the financial institution, only to be submitted to EXIM in the event of a claim filing. EXIM uses the referenced form to obtain information from exporters regarding the export transaction and content sourcing. These details are necessary to determine the value and legitimacy of EXIM financing support and claims submitted. It also provides the financial institutions a check on the export transaction’s eligibility at the time it is fulfilling a financing request. DATES: Comments must be received on or before March 16, 2022 to be assured of consideration. ADDRESSES: Comments may be submitted electronically on WWW.REGULATIONS.GOV (EIB 21–02) or by email to Donna Schneider <donna.schneider@exim.gov>, or by mail to Donna Schneider, Export-Import Bank, 811 Vermont Ave NW, Washington, DC 20571. The information collection tool can be reviewed at: https://www.exim.gov/sites/default/ files/pub/pending/eib21-02.pdf. FOR FURTHER INFORMATION CONTACT: To request additional information, please Donna Schneider, donna.schneider@ exim.gov, 202–565–3612. SUPPLEMENTARY INFORMATION: Title and Form Number: EIB 21–02 Co-financing Certificate. OMB Number: ####–####. Type of Review: Regular. Need and Use: The information collected will allow EXIM to determine compliance and content for transaction requests submitted to the Export-Import Bank under its insurance, guarantee, and direct loan programs. Affected Public: This form affects entities involved in the export of U.S. goods and services. Annual Number of Respondents: 25. Estimated Time per Respondent: 30 minutes. Annual Burden Hours: 12.5 hours. Frequency of Reporting of Use: As required. Government Expenses: Reviewing time per Year: 2.1 hours. Average Wages per Hour: $42.50. Average Cost per Year: $89.25 (time * wages). PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 Benefits and Overhead: 20%. Total Government Cost: $107.10. Bassam Doughman, IT Specialist. [FR Doc. 2022–03045 Filed 2–11–22; 8:45 am] BILLING CODE 6690–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. AGENCY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Recordkeeping and Disclosure Requirements Associated with the CFPB’s and the Board’s Regulations V (FR V; OMB No. 7100–0308). DATES: Comments must be submitted on or before April 15, 2022. ADDRESSES: You may submit comments, identified by FR V, by any of the following methods: • Agency website: https:// www.federalreserve.gov/. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include the OMB number or FR number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. All public comments are available from the Board’s website at https:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable information at the commenter’s request. Accordingly, comments will not be edited to remove any confidential business information, identifying information, or contact information. Public comments may also be viewed electronically or in paper in Room M– 4365A, 2001 C St NW, Washington, DC 20551, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo SUMMARY: E:\FR\FM\14FEN1.SGM 14FEN1 Federal Register / Vol. 87, No. 30 / Monday, February 14, 2022 / Notices identification and to submit to security screening in order to inspect and photocopy comments. Additionally, commenters may send a copy of their comments to the Office of Management and Budget (OMB) Desk Officer for the Federal Reserve Board, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. During the comment period for this proposal, a copy of the proposed PRA OMB submission, including the draft reporting form and instructions, supporting statement, and other documentation, will be made available on the Board’s public website at https:// www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears above. Final versions of these documents will be made available at https:// www.reginfo.gov/public/do/PRAMain, if approved. jspears on DSK121TN23PROD with NOTICES1 Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; VerDate Sep<11>2014 18:32 Feb 11, 2022 Jkt 256001 c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal. Proposal Under OMB Delegated Authority To Extend for Three Years, Without Revision, the Following Information Collection: Report title: Recordkeeping and Disclosure Requirements Associated with the CFPB’s and the Board’s Regulations V. Agency form number: FR V. OMB control number: 7100–0308. Frequency: Annually. Respondents: Depository institutions identified in 15 U.S.C. 1681s(b)(1)(A)(ii): (1) Regardless of size, with respect to the identity theft red flags provisions of the Board’s Regulation V and (2) with $10 billion or less in assets and any affiliates thereof, for all other provisions.1 Estimated number of respondents: Negative information notice, 1,361; Affiliate marketing notices: Notices to consumers, 1,300; Affiliate marketing notices: Consumer opt-out response, 267,860; Identity theft red flags, 2,495; Address discrepancies, 1,361; Risk based pricing notice to consumers, 1,361; Duties of furnishers of information: Policies and procedures, 1,361; and Duties of furnishers of information: Notices of frivolous disputes to consumers, 1,361. Estimated average hours per response: Negative information notice, 0.25; Affiliate marketing notices: Notices to consumers, 18; Affiliate marketing notices: Consumer opt-out response, 0.08; Identity theft red flags, 37; Address discrepancies, 4; Risk based pricing notice to consumers, 5; Duties of furnishers of information: Policies and procedures, 40; and Duties of furnishers of information: Notices of frivolous disputes to consumers, 0.23. Estimated annual burden hours: Negative information notice, 340; Affiliate marketing notices: Notices to consumers, 23,400; Affiliate marketing notices: Consumer opt-out response, 21,429; Identity theft red flags, 92,315; 1 See PO 00000 12 U.S.C. 5515 and footnote 7. Frm 00021 Fmt 4703 Sfmt 4703 8247 Address discrepancies, 5,444; Risk based pricing notice to consumers, 81,660; Duties of furnishers of information: Policies and procedures, 54,440; and Duties of furnishers of information: Notices of frivolous disputes to consumers, 132,099. General description of report: The Consumer Financial Protection Bureau’s (CFPB) Regulation V 2 and the Board’s Regulation V 3 (collectively ‘‘FR V Regulations’’) implement in part the Fair Credit Reporting Act (FCRA), which was enacted in 1970 based on a Congressional finding that the banking system is dependent on fair and accurate credit reporting.4 The FCRA was enacted to ensure consumer reporting agencies exercise their responsibilities with fairness, impartiality, and a respect for the consumer’s right to privacy. The FCRA requires consumer reporting agencies to adopt reasonable procedures that are fair and equitable to the consumer with regard to the confidentiality, accuracy, relevancy, and proper utilization of consumer information.5 Legal authorization and confidentiality: The FR V is authorized by sections 1025 and 1088(a)(2) and (10) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank Act). Under the FCRA, as amended by sections 1025 and 1088(a)(10) of the Dodd-Frank Act, the Board is authorized to enforce compliance with the information collection requirements contained in the CFPB’s FCRA regulations 6 applicable to institutions identified in 15 U.S.C. 1681s(b)(1)(A)(ii) with $10 billion or less in assets, and applicable to consumers of these institutions.7 Additionally, pursuant to section 1088(a)(2) and (10) of the Dodd-Frank Act, the Board retained authority under the FCRA to prescribe and enforce the information collection requirements in the Board’s FCRA regulations relating to identity theft red flags 8 for institutions identified in 15 U.S.C. 1681s(b)(1)(A)(ii) of any size.9 The obligation to comply with FR V is mandatory, except for the consumer opt-out responses, which 2 12 CFR part 1022. CFR part 222. 4 The FCRA is one part of the Consumer Credit Protection Act, which also includes the Truth in Lending Act, Equal Credit Opportunity Act, and Fair Debt Collection Practices Act. See 15 U.S.C. 1601 et seq. 5 See 15 U.S.C. 1681. 6 Appendix B to 12 CFR part 1022; and 12 CFR 1022.20–.27, 1022.40–.43, 1022.70–.75, and 1022.82. 7 See 15 U.S.C. 1681s(b); 12 U.S.C. 5515. 8 12 CFR 222.90–.91. 9 See 15 U.S.C. 1681m(e), and 1681s(b) and (e). 3 12 E:\FR\FM\14FEN1.SGM 14FEN1 8248 Federal Register / Vol. 87, No. 30 / Monday, February 14, 2022 / Notices consumers are required to submit in order obtain a benefit. The notices, records, and disclosures included in the FR V are not provided to the Federal Reserve, but are maintained at Board-supervised institutions. As such, no issue of confidentiality generally arises under the Freedom of Information Act (FOIA). In the event such notices, records, or disclosures are obtained by the Board as part of an examination or supervision of a financial institution, this information may be considered confidential pursuant to exemption 8 of the FOIA, which protects information contained in ‘‘examination, operating, or condition reports’’ obtained in the bank supervisory process.10 In addition, certain information (such as direct dispute notices regarding a consumer) may also be withheld under exemption 6 of the FOIA, which protects from disclosure information that ‘‘would constitute a clearly unwarranted invasion of personal privacy.’’ 11 Board of Governors of the Federal Reserve System, February 9, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–03126 Filed 2–11–22; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM jspears on DSK121TN23PROD with NOTICES1 Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. 10 5 11 5 U.S.C. 552(b)(8). U.S.C. 552(b)(6). VerDate Sep<11>2014 20:10 Feb 11, 2022 Jkt 256001 Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than March 1, 2022. A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant Vice President) P.O. Box 27622, Richmond, Virginia 23261. Comments can also be sent electronically to Comments.applications@rich.frb.org: 1. James A. Boyers, Elaine Boyers, J. Adam Boyers, Cortney Boyers, Elisabeth Boyers, Zachary K. Marsh, and certain minor children, all of Fairmont, West Virginia; to join the Boyers Family Control Group, a group acting in concert, to retain voting shares of Heritage Bancshares, Inc., and thereby indirectly retain voting shares of First Exchange Bank, both of White Hall, West Virginia. B. Federal Reserve Bank of St. Louis (Holly A. Rieser, Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent electronically to Comments.applications@stls.frb.org: 1. Eugene H. Bringol, Jr., and Natalee L. Young-Bringol, both of Beaver, Pennsylvania; Nathan T. Snyder, Pittsburgh, Pennsylvania; Robert H. Bishop, Wexford, Pennsylvania; Brian D. Croftcheck, Rostraver Township, Pennsylvania; Donald A. Croftcheck, and Scott C. Croftcheck, both of Grindstone, Pennsylvania; Jeffrey Donald Kendall, Sewikley, Pennsylvania; and James W. Yankee, Columbia, Missouri; to become a group acting in concert, to acquire voting shares of Townsend Financial Corporation, and thereby indirectly control Farmers Bank, both of Parsons, Tennessee. Board of Governors of the Federal Reserve System, February 9, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–03116 Filed 2–11–22; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than February 28, 2022. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. First Federal Bank of Wisconsin Employee Stock Ownership Plan, Racine, Wisconsin; to retain voting shares of FFBW, Inc., Brookfield, Wisconsin, and thereby indirectly retain voting shares of First Federal Bank of Wisconsin, Waukesha, Wisconsin. Board of Governors of the Federal Reserve System, February 8, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–03011 Filed 2–11–22; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM Public Meeting: Proposal by U.S. Bancorp To Acquire MUFG Union Bank, National Association and To Merge MUFG Union Bank, National Association With and Into U.S. Bank National Association Board of Governors of the Federal Reserve System (Board) and Office of the Comptroller of the Currency (OCC), Department of Treasury. ACTION: Notice of public meeting. AGENCY: A virtual public meeting will be held regarding the proposal by U.S. SUMMARY: E:\FR\FM\14FEN1.SGM 14FEN1

Agencies

[Federal Register Volume 87, Number 30 (Monday, February 14, 2022)]
[Notices]
[Pages 8246-8248]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03126]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Recordkeeping and Disclosure Requirements Associated with 
the CFPB's and the Board's Regulations V (FR V; OMB No. 7100-0308).

DATES: Comments must be submitted on or before April 15, 2022.

ADDRESSES: You may submit comments, identified by FR V, by any of the 
following methods:
     Agency website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include the OMB 
number or FR number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any confidential 
business information, identifying information, or contact information. 
Public comments may also be viewed electronically or in paper in Room 
M-4365A, 2001 C St NW, Washington, DC 20551, between 9:00 a.m. and 5:00 
p.m. on weekdays. For security reasons, the Board requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 452-3684. Upon arrival, visitors will be required to 
present valid government-issued photo

[[Page 8247]]

identification and to submit to security screening in order to inspect 
and photocopy comments.
    Additionally, commenters may send a copy of their comments to the 
Office of Management and Budget (OMB) Desk Officer for the Federal 
Reserve Board, Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Room 10235, 725 
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of 
Governors of the Federal Reserve System, Washington, DC 20551, (202) 
452-3829.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the Paperwork Reduction Act (PRA) to approve and assign 
OMB control numbers to collections of information conducted or 
sponsored by the Board. In exercising this delegated authority, the 
Board is directed to take every reasonable step to solicit comment. In 
determining whether to approve a collection of information, the Board 
will consider all comments received from the public and other agencies.
    During the comment period for this proposal, a copy of the proposed 
PRA OMB submission, including the draft reporting form and 
instructions, supporting statement, and other documentation, will be 
made available on the Board's public website at https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears above. Final 
versions of these documents will be made available at https://www.reginfo.gov/public/do/PRAMain, if approved.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board's estimate of the burden of the 
proposed 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;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Board 
should modify the proposal.
    Proposal Under OMB Delegated Authority To Extend for Three Years, 
Without Revision, the Following Information Collection:
    Report title: Recordkeeping and Disclosure Requirements Associated 
with the CFPB's and the Board's Regulations V.
    Agency form number: FR V.
    OMB control number: 7100-0308.
    Frequency: Annually.
    Respondents: Depository institutions identified in 15 U.S.C. 
1681s(b)(1)(A)(ii): (1) Regardless of size, with respect to the 
identity theft red flags provisions of the Board's Regulation V and (2) 
with $10 billion or less in assets and any affiliates thereof, for all 
other provisions.\1\
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 5515 and footnote 7.
---------------------------------------------------------------------------

    Estimated number of respondents: Negative information notice, 
1,361; Affiliate marketing notices: Notices to consumers, 1,300; 
Affiliate marketing notices: Consumer opt-out response, 267,860; 
Identity theft red flags, 2,495; Address discrepancies, 1,361; Risk 
based pricing notice to consumers, 1,361; Duties of furnishers of 
information: Policies and procedures, 1,361; and Duties of furnishers 
of information: Notices of frivolous disputes to consumers, 1,361.
    Estimated average hours per response: Negative information notice, 
0.25; Affiliate marketing notices: Notices to consumers, 18; Affiliate 
marketing notices: Consumer opt-out response, 0.08; Identity theft red 
flags, 37; Address discrepancies, 4; Risk based pricing notice to 
consumers, 5; Duties of furnishers of information: Policies and 
procedures, 40; and Duties of furnishers of information: Notices of 
frivolous disputes to consumers, 0.23.
    Estimated annual burden hours: Negative information notice, 340; 
Affiliate marketing notices: Notices to consumers, 23,400; Affiliate 
marketing notices: Consumer opt-out response, 21,429; Identity theft 
red flags, 92,315; Address discrepancies, 5,444; Risk based pricing 
notice to consumers, 81,660; Duties of furnishers of information: 
Policies and procedures, 54,440; and Duties of furnishers of 
information: Notices of frivolous disputes to consumers, 132,099.
    General description of report: The Consumer Financial Protection 
Bureau's (CFPB) Regulation V \2\ and the Board's Regulation V \3\ 
(collectively ``FR V Regulations'') implement in part the Fair Credit 
Reporting Act (FCRA), which was enacted in 1970 based on a 
Congressional finding that the banking system is dependent on fair and 
accurate credit reporting.\4\ The FCRA was enacted to ensure consumer 
reporting agencies exercise their responsibilities with fairness, 
impartiality, and a respect for the consumer's right to privacy. The 
FCRA requires consumer reporting agencies to adopt reasonable 
procedures that are fair and equitable to the consumer with regard to 
the confidentiality, accuracy, relevancy, and proper utilization of 
consumer information.\5\
---------------------------------------------------------------------------

    \2\ 12 CFR part 1022.
    \3\ 12 CFR part 222.
    \4\ The FCRA is one part of the Consumer Credit Protection Act, 
which also includes the Truth in Lending Act, Equal Credit 
Opportunity Act, and Fair Debt Collection Practices Act. See 15 
U.S.C. 1601 et seq.
    \5\ See 15 U.S.C. 1681.
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The FR V is authorized by 
sections 1025 and 1088(a)(2) and (10) of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (Dodd-Frank Act). Under the FCRA, as 
amended by sections 1025 and 1088(a)(10) of the Dodd-Frank Act, the 
Board is authorized to enforce compliance with the information 
collection requirements contained in the CFPB's FCRA regulations \6\ 
applicable to institutions identified in 15 U.S.C. 1681s(b)(1)(A)(ii) 
with $10 billion or less in assets, and applicable to consumers of 
these institutions.\7\ Additionally, pursuant to section 1088(a)(2) and 
(10) of the Dodd-Frank Act, the Board retained authority under the FCRA 
to prescribe and enforce the information collection requirements in the 
Board's FCRA regulations relating to identity theft red flags \8\ for 
institutions identified in 15 U.S.C. 1681s(b)(1)(A)(ii) of any size.\9\ 
The obligation to comply with FR V is mandatory, except for the 
consumer opt-out responses, which

[[Page 8248]]

consumers are required to submit in order obtain a benefit.
---------------------------------------------------------------------------

    \6\ Appendix B to 12 CFR part 1022; and 12 CFR 1022.20-.27, 
1022.40-.43, 1022.70-.75, and 1022.82.
    \7\ See 15 U.S.C. 1681s(b); 12 U.S.C. 5515.
    \8\ 12 CFR 222.90-.91.
    \9\ See 15 U.S.C. 1681m(e), and 1681s(b) and (e).
---------------------------------------------------------------------------

    The notices, records, and disclosures included in the FR V are not 
provided to the Federal Reserve, but are maintained at Board-supervised 
institutions. As such, no issue of confidentiality generally arises 
under the Freedom of Information Act (FOIA). In the event such notices, 
records, or disclosures are obtained by the Board as part of an 
examination or supervision of a financial institution, this information 
may be considered confidential pursuant to exemption 8 of the FOIA, 
which protects information contained in ``examination, operating, or 
condition reports'' obtained in the bank supervisory process.\10\ In 
addition, certain information (such as direct dispute notices regarding 
a consumer) may also be withheld under exemption 6 of the FOIA, which 
protects from disclosure information that ``would constitute a clearly 
unwarranted invasion of personal privacy.'' \11\
---------------------------------------------------------------------------

    \10\ 5 U.S.C. 552(b)(8).
    \11\ 5 U.S.C. 552(b)(6).

    Board of Governors of the Federal Reserve System, February 9, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-03126 Filed 2-11-22; 8:45 am]
BILLING CODE 6210-01-P
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