Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Privacy of Consumer Financial Information, 48226-48227 [2022-16874]
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Federal Register / Vol. 87, No. 151 / Monday, August 8, 2022 / Notices
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Privacy of Consumer Financial
Information
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites
comment on a continuing information
collection as required by the Paperwork
Reduction Act of 1995 (PRA). In
accordance with the requirements of the
PRA, the OCC may not conduct or
sponsor, and respondents are not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. The OCC is
soliciting comment concerning the
renewal of its information collection
titled, ‘‘Privacy of Consumer Financial
Information.’’ The OCC also is giving
notice that it has sent the collection to
OMB for review.
DATES: Comments must be received on
or before September 7, 2022.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, 1557–
0216, Office of the Comptroller of the
Currency, 400 7th Street SW, Suite 3E–
218, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0216’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
Written comments and
recommendations for the proposed
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SUMMARY:
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21:34 Aug 05, 2022
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information collection should also 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.
On May 31, 2022, the OCC published
a 60-day notice for this information
collection, 87 FR 32496. You may
review comments and other related
materials that pertain to this
information collection following the
close of the 30-day comment period for
this notice by the method set forth in
the next bullet.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ tab
and click on ‘‘Information Collection
Review’’ from the drop-down menu.
From the ‘‘Currently under Review’’
drop-down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0216’’ or ‘‘Privacy of Consumer
Financial Information.’’ Upon finding
the appropriate information collection,
click on the related ‘‘ICR Reference
Number.’’ On the next screen, select
‘‘View Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490 or, for persons who are
deaf or hearing impaired, TTY, (202)
649–5597, Chief Counsel’s Office, Office
of the Comptroller of the Currency, 400
7th Street SW, Washington, DC 20219.
If you are deaf, hard of hearing, or have
a speech disability, please dial 7–1–1 to
access telecommunications relay
services.
Under the
PRA, Federal agencies must obtain
approval from the OMB for each
collection of information that they
conduct or sponsor. ‘‘Collection of
information’’ is defined in 44 U.S.C.
3502(3) and 5 CFR 1320.3(c) to include
agency requests or requirements that
members of the public submit reports,
keep records, or provide information to
a third party. The OCC asks that OMB
extend its approval of the collection in
this document.
Title: Privacy of Consumer Financial
Information.
OMB Control No.: 1557–0216.
SUPPLEMENTARY INFORMATION:
PO 00000
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Fmt 4703
Sfmt 4703
Description: The Gramm-Leach-Bliley
Act (Act) (Pub. L. 106–102) requires this
information collection. Regulation P (12
CFR part 1016), a regulation
promulgated by the Consumer Financial
Protection Board (CFPB), implements
the Act’s notice requirements and
restrictions on a financial institution’s
ability to disclose nonpublic personal
information about consumers to
nonaffiliated third parties.
The information collection
requirements in 12 CFR part 1016 are as
follows:
§ 1016.4(a) Initial privacy notice to
consumers requirement—A national
bank or Federal savings association
must provide a clear and conspicuous
notice to customers and consumers that
accurately reflects its privacy policies
and practices.
§ 1016.5(a)(1) Annual privacy notice
to customers requirement—A national
bank or Federal savings association
must provide a clear and conspicuous
notice to customers that accurately
reflects its privacy policies and
practices not less than annually during
the continuation of the customer
relationship.
§ 1016.8 Revised privacy notices—A
national bank or Federal savings
association must not disclose any
nonpublic personal information to a
nonaffiliated third party in a way that is
inconsistent with the notices previously
given to a consumer unless the
institution has provided the consumer
with a clear and conspicuous revised
notice of the institution’s policies and
practices, the institution has provided
the consumer with a new opt out notice,
the institution has given the consumer
a reasonable opportunity to opt out of
the disclosure, and the consumer has
not opted out.
§ 1016.7(a) Form of opt out notice to
consumers; opt out methods—Form of
opt out notice If a national bank or
Federal savings association is required
to provide an opt out notice under
§ 1016.10(a), it must provide to each of
its consumers a clear and conspicuous
notice that accurately explains the right
to opt out under that section. The notice
must state:
• That the national bank or Federal
savings association discloses or reserves
the right to disclose nonpublic personal
information about its consumer to a
nonaffiliated third party;
• That the consumer has the right to
opt out of that disclosure; and
• A reasonable means by which the
consumer may exercise the opt out
right.
A national bank or Federal savings
association provides a reasonable means
to exercise an opt out right if it:
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Federal Register / Vol. 87, No. 151 / Monday, August 8, 2022 / Notices
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• Designates check-off boxes on the
relevant forms with the opt out notice;
• Includes a reply form with the opt
out notice;
• Provides an electronic means to opt
out; or
• Provides a toll-free number that
consumers may call to opt out.
§§ 1016.10(a)(1) and (2) and
1016.10(c)—Limits on disclosure of
nonpublic personal information to
nonaffiliated parties—A national bank
or Federal savings association may not
disclose any nonpublic personal
information about a consumer to a
nonaffiliated third party unless the
institution has provided the consumer
with an initial notice under § 1016.4,
the institution has provided the
consumer with a opt out notice, the
institution has given the consumer a
reasonable opportunity to opt out of the
disclosure, and the consumer has not
opted out. A customer may direct one of
the following forms of opt out:
• Opt out—Consumers may direct
that the national bank or Federal savings
association not disclose nonpublic
personal information about them to a
nonaffiliated third party, other than
permitted by §§ 1016.13–1016.15.
• Partial opt out—Consumers may
exercise partial opt out rights by
selecting certain nonpublic personal
information or certain nonaffiliated
third parties with respect to which the
consumer wishes to opt out.
§§ 1016.7(h) and 1016.7(i) Continuing
right to opt out and Duration of right to
opt out—A consumer may exercise the
right to opt out at any time. A
consumer’s direction to opt out is
effective until the consumer revokes it
in writing or, if the consumer agrees,
electronically. When a customer
relationship terminates, the customer’s
opt out direction continues to apply to
the nonpublic personal information
collected during or related to that
relationship. If the consumer
subsequently establishes a new
customer relationship with the
institution, the opt out direction that
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21:34 Aug 05, 2022
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applied to the former relationship does
not apply to the new relationship.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit; individuals.
Frequency of Response: On occasion.
Estimated Annual Number of
Respondents: 2,451,659.
Estimated Total Annual Burden
Hours: 626,011.25 hours.
On May 31, 2022, the OCC published
a 60-day notice for this information
collection, 87 FR 32496. No comments
were received. Comments continue to be
solicited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the burden of the collection
of information;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2022–16874 Filed 8–5–22; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
48227
Control (OFAC) is publishing the names
of one or more persons or property that
have been placed on OFAC’s Specially
Designated Nationals and Blocked
Persons List (SDN List) based on
OFAC’s determination that one or more
applicable legal criteria were satisfied.
All property and interests in property
subject to U.S. jurisdiction of these
persons, and the property, are blocked,
and U.S. persons are generally
prohibited from engaging in transactions
with them. Additionally, OFAC is
publishing updates to the identifying
information of one or more persons
currently included on the SDN List.
OFAC is also publishing updates to the
identifying information of one person
on the Sectoral Sanctions Identification
List (SSI List); these updates will
additionally add that person to the SDN
List. OFAC is further publishing the
name of one person that has been
removed from the SDN List.
DATES: See Supplementary Information
section for effective date(s).
FOR FURTHER INFORMATION CONTACT:
OFAC: Andrea Gacki, Director, tel.:
202–622–2490; Associate Director for
Global Targeting, tel.: 202–622–2420;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel.: 202–622–4855;
or the Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The SDN List, the SSI List, and
additional information concerning
OFAC sanctions programs are available
on OFAC’s website (https://
www.treasury.gov/ofac).
Notice of OFAC Actions
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The U.S. Department of the
Treasury’s Office of Foreign Assets
SUMMARY:
PO 00000
Frm 00081
Fmt 4703
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A. On August 2, 2022, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons are
blocked under the relevant sanctions
authority listed below.
BILLING CODE 4810–AL–P
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]]>Agencies
[Federal Register Volume 87, Number 151 (Monday, August 8, 2022)]
[Notices]
[Pages 48226-48227]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16874]
[[Page 48226]]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Privacy of Consumer Financial
Information
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites comment on a continuing information
collection as required by the Paperwork Reduction Act of 1995 (PRA). In
accordance with the requirements of the PRA, the OCC may not conduct or
sponsor, and respondents are not required to respond to, an information
collection unless it displays a currently valid Office of Management
and Budget (OMB) control number. The OCC is soliciting comment
concerning the renewal of its information collection titled, ``Privacy
of Consumer Financial Information.'' The OCC also is giving notice that
it has sent the collection to OMB for review.
DATES: Comments must be received on or before September 7, 2022.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, 1557-0216, Office of the Comptroller of the Currency, 400
7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0216'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Written comments and recommendations for the proposed information
collection should also 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.
On May 31, 2022, the OCC published a 60-day notice for this
information collection, 87 FR 32496. You may review comments and other
related materials that pertain to this information collection following
the close of the 30-day comment period for this notice by the method
set forth in the next bullet.
Viewing Comments Electronically: Go to www.reginfo.gov.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' from the drop-down menu. From the
``Currently under Review'' drop-down menu, select ``Department of
Treasury'' and then click ``submit.'' This information collection can
be located by searching by OMB control number ``1557-0216'' or
``Privacy of Consumer Financial Information.'' Upon finding the
appropriate information collection, click on the related ``ICR
Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech disability, please dial 7-1-1 to
access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain
approval from the OMB for each collection of information that they
conduct or sponsor. ``Collection of information'' is defined in 44
U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or
requirements that members of the public submit reports, keep records,
or provide information to a third party. The OCC asks that OMB extend
its approval of the collection in this document.
Title: Privacy of Consumer Financial Information.
OMB Control No.: 1557-0216.
Description: The Gramm-Leach-Bliley Act (Act) (Pub. L. 106-102)
requires this information collection. Regulation P (12 CFR part 1016),
a regulation promulgated by the Consumer Financial Protection Board
(CFPB), implements the Act's notice requirements and restrictions on a
financial institution's ability to disclose nonpublic personal
information about consumers to nonaffiliated third parties.
The information collection requirements in 12 CFR part 1016 are as
follows:
Sec. 1016.4(a) Initial privacy notice to consumers requirement--A
national bank or Federal savings association must provide a clear and
conspicuous notice to customers and consumers that accurately reflects
its privacy policies and practices.
Sec. 1016.5(a)(1) Annual privacy notice to customers requirement--
A national bank or Federal savings association must provide a clear and
conspicuous notice to customers that accurately reflects its privacy
policies and practices not less than annually during the continuation
of the customer relationship.
Sec. 1016.8 Revised privacy notices--A national bank or Federal
savings association must not disclose any nonpublic personal
information to a nonaffiliated third party in a way that is
inconsistent with the notices previously given to a consumer unless the
institution has provided the consumer with a clear and conspicuous
revised notice of the institution's policies and practices, the
institution has provided the consumer with a new opt out notice, the
institution has given the consumer a reasonable opportunity to opt out
of the disclosure, and the consumer has not opted out.
Sec. 1016.7(a) Form of opt out notice to consumers; opt out
methods--Form of opt out notice If a national bank or Federal savings
association is required to provide an opt out notice under Sec.
1016.10(a), it must provide to each of its consumers a clear and
conspicuous notice that accurately explains the right to opt out under
that section. The notice must state:
That the national bank or Federal savings association
discloses or reserves the right to disclose nonpublic personal
information about its consumer to a nonaffiliated third party;
That the consumer has the right to opt out of that
disclosure; and
A reasonable means by which the consumer may exercise the
opt out right.
A national bank or Federal savings association provides a
reasonable means to exercise an opt out right if it:
[[Page 48227]]
Designates check-off boxes on the relevant forms with the
opt out notice;
Includes a reply form with the opt out notice;
Provides an electronic means to opt out; or
Provides a toll-free number that consumers may call to opt
out.
Sec. Sec. 1016.10(a)(1) and (2) and 1016.10(c)--Limits on
disclosure of nonpublic personal information to nonaffiliated parties--
A national bank or Federal savings association may not disclose any
nonpublic personal information about a consumer to a nonaffiliated
third party unless the institution has provided the consumer with an
initial notice under Sec. 1016.4, the institution has provided the
consumer with a opt out notice, the institution has given the consumer
a reasonable opportunity to opt out of the disclosure, and the consumer
has not opted out. A customer may direct one of the following forms of
opt out:
Opt out--Consumers may direct that the national bank or
Federal savings association not disclose nonpublic personal information
about them to a nonaffiliated third party, other than permitted by
Sec. Sec. 1016.13-1016.15.
Partial opt out--Consumers may exercise partial opt out
rights by selecting certain nonpublic personal information or certain
nonaffiliated third parties with respect to which the consumer wishes
to opt out.
Sec. Sec. 1016.7(h) and 1016.7(i) Continuing right to opt out and
Duration of right to opt out--A consumer may exercise the right to opt
out at any time. A consumer's direction to opt out is effective until
the consumer revokes it in writing or, if the consumer agrees,
electronically. When a customer relationship terminates, the customer's
opt out direction continues to apply to the nonpublic personal
information collected during or related to that relationship. If the
consumer subsequently establishes a new customer relationship with the
institution, the opt out direction that applied to the former
relationship does not apply to the new relationship.
Type of Review: Regular.
Affected Public: Businesses or other for-profit; individuals.
Frequency of Response: On occasion. Estimated Annual Number of
Respondents: 2,451,659.
Estimated Total Annual Burden Hours: 626,011.25 hours.
On May 31, 2022, the OCC published a 60-day notice for this
information collection, 87 FR 32496. No comments were received.
Comments continue to be solicited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2022-16874 Filed 8-5-22; 8:45 am]
BILLING CODE 4810-33-P
