Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 58158-58164 [2024-15685]

Download as PDF 58158 Federal Register / Vol. 89, No. 137 / Wednesday, July 17, 2024 / Notices Item No. Bureau Subject 1 .............. Wireline Competition ................................... 2 .............. Wireline Competition ................................... 3 .............. Wireless Tele-Communcations ................... 4 .............. Public Safety and Homeland Security ........ 5 .............. Media .......................................................... Title: Incarcerated People’s Communications Services; Implementation of the Martha Wright-Reed Act (WC Docket No. 23–62); Rates for Interstate Inmate Calling Services (WC Docket No. 12–375). Summary: The Commission will consider a Report and Order, Order on Reconsideration, Clarification and Waiver, and Further Notice of Proposed Rulemaking that would implement the Martha Wright-Reed Just and Reasonable Communications Act of 2022 by adopting just and reasonable rate caps for incarcerated people’s audio and video communications services, among other reforms. The Further Notice would seek comment on additional reforms for incarcerated people’s communications services. Title: Modernizing E-Rate to Support Wi-Fi Hotspots (WC Docket No. 21–31). Summary: The Commission will consider a Report and Order and Further Notice of Proposed Rulemaking that would update the E-Rate program rules to make the offpremises use of Wi-Fi hotspots and wireless Internet services eligible for E-Rate program support. Title: Promoting Consumer Choice and Wireless Competition Through Handset Unlocking Requirements and Policies (WT Docket No. 24–186). Summary: The Commission will consider a Notice of Proposed Rulemaking that would propose the use of broadly applicable handset unlocking policies as a means to improve consumer choice and flexibility, to enhance competition across the mobile wireless marketplace, and to provide for more uniform regulation of service providers. Title: Facilitating Implementation of Next Generation 911 Services (NG911) (PS Docket No. 21–479); Location-Based Routing for Wireless 911 Calls (PS Docket No. 18– 64). Summary: The Commission will consider a Report and Order that would expedite the transition to NG911 and help ensure that the nation’s 911 system functions effectively with the most advanced capabilities available. Title: Accessibility of User Interfaces, and Video Programming Guides and Menus (MB Docket No. 12–108). Summary: The Commission will consider a Report and Order that would ensure that consumers are able to readily access user display settings for closed captioning on covered video devices. ddrumheller on DSK120RN23PROD with NOTICES1 * * * * * The meeting will be webcast at: www.fcc.gov/live. Open captioning will be provided as well as a text only version on the FCC website. Other reasonable accommodations for people with disabilities are available upon request. In your request, include a description of the accommodation you will need and a way we can contact you if we need more information. Last minute requests will be accepted but may be impossible to fill. Send an email to: fcc504@fcc.gov or call the Consumer & Governmental Affairs Bureau at 202– 418–0530. Press Access—Members of the news media are welcome to attend the meeting and will be provided reserved seating on a first-come, first-served basis. Following the meeting, the Chairwoman may hold a news conference in which she will take questions from credentialed members of the press in attendance. Also, senior policy and legal staff will be made available to the press in attendance for questions related to the items on the meeting agenda. Commissioners may also choose to hold press conferences. Press may also direct questions to the Office of Media Relations (OMR): MediaRelations@fcc.gov. Questions VerDate Sep<11>2014 19:21 Jul 16, 2024 Jkt 262001 about credentialing should be directed to OMR. Additional information concerning this meeting may be obtained from the Office of Media Relations, (202) 418– 0500. Audio/Video coverage of the meeting will be broadcast live with open captioning over the internet from the FCC Live web page at www.fcc.gov/ live. Federal Communications Commission. Marlene Dortch, Secretary. [FR Doc. 2024–15723 Filed 7–16–24; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0019; –0082; –0084] Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to SUMMARY: PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 comment on the request to renew the existing information collections described below (OMB Control No. 3064–0019, –0082, and –0084). The notice of the proposed renewal for these information collections were previously published in the Federal Register on May 1, 2024, and May 7, 2024, allowing for a 60-day comment period. DATES: Comments must be submitted on or before August 16, 2024. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • Agency Website: https:// www.fdic.gov/resources/regulations/ federal-register-publications/. • Email: comments@fdic.gov. 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 NW building (located on F Street NW), 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 E:\FR\FM\17JYN1.SGM 17JYN1 58159 Federal Register / Vol. 89, No. 137 / Wednesday, July 17, 2024 / Notices 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 collection of information: 1. Title: Interagency Notice of Change in Control OMB Number: 3064–0019 Form Number: 6822/01. Affected Public: Individuals, insured state nonmember banks, and insured state savings associations. Burden Estimate: SUMMARY OF ESTIMATED ANNUAL BURDENS [OMB No. 3064–0019] IC description Type of burden (obligation to respond) Form 6822/01—Interagency Notice of Change in Control, 12 CFR 303.85. Notice of Change in Control Public Notice Requirement, 12 CFR 303.87. Reporting (Mandatory). Disclosure (Mandatory). On occasion ... 34 1 30.5 1,037 On Occasion .. 34 1 1 34 ........................ ........................ ........................ ........................ ........................ 1,071 Total Annual Burden Hours .............................................. Frequency of response Number of responses/ respondent Number of respondents Time per response (hours) Annual burden (hours) Source: FDIC. General Description of Collection: Section 7(j) of the FDIA (12 U.S.C. 1817(j)) and sections 303.80–88 of the FDIC Rules and Regulations (12 CFR 303.80 et seq.) require that any person proposing to acquire control of an insured depository institution and certain parent companies thereof provide 60 days prior written notice of the proposed acquisition to the appropriate federal banking agency. Such written notice which pertains to the acquisition of control of an FDIC supervised institution and certain parent companies thereof is filed with the regional director of the FDIC region in which the bank is located. The FDIC reviews the information reported in the Notice to assess, in part, any anticompetitive and monopolistic effects of the proposed acquisition, to determine if the financial condition of any acquiring person or the future prospects of the institution might jeopardize the financial stability of the institution or prejudice the interests of the depositors of the institution, and to determine whether the competence, experience, or integrity of any acquiring person, or of any of the proposed management personnel, indicates that it would not be in the interest of the depositors of the institution, or in the interest of the public, to permit such persons to control the bank. The FDIC must also make an independent determination of the accuracy and completeness of all of the information required to be filed in conjunction with a Notice. The FDIC is increasing the total burden associated with this collection from 549 hours to 1,071 hours. This information collection contains a disclosure requirement, which was not recognized in the 2021 submission. The 522 increase in burden hours is due to the addition of the disclosure requirement and the use of a more accurate methodology to estimate the number of respondents and responses per respondent. 2. Title: Recordkeeping, Disclosure and Reporting Requirements in Connection with Regulation Z. OMB Number: 3064–0082. Form Number: None. Affected Public: FDIC- Supervised Institutions. Burden Estimate: TABLE 1—SUMMARY OF ESTIMATED ANNUAL IMPLEMENTATION BURDEN [OMB No. 3064–0082] Type of burden (frequency of response) Information collection (IC) (obligation to respond) Number of responses per respondent Number of respondents Time per response (HH:MM) Annual burden (hours) Open-End Credit Products • Not Home-Secured Open-End Credit Plans Æ Credit and Charge Card Provisions ddrumheller on DSK120RN23PROD with NOTICES1 Timely Settlement of Estate Debts Written Policies and Procedures, 12 CFR 1026.11(c)(1) (Mandatory). Ability to Pay Written Policies and Procedures, 12 CFR 1026.51(a)(ii) (Mandatory). Recordkeeping (On Occasion) 8 1 08:00 64 Recordkeeping (On Occasion) 8 1 08:00 64 8 1 20:00 160 ........................ ........................ ........................ 288 Mortgage Products (Open and Closed-End) • Valuation Independence Æ Mandatory Reporting Implementation of Policies and Procedures, 12 CFR 1026.42(g) (Mandatory). Total Annual Implementation Burden (Hours) ..................... Recordkeeping (On Occasion) .................................................. Source: FDIC. NOTE: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual number of responses and the estimated time per response for a given IC. The estimated annual number of responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents and the estimated annual number of responses per respondent. This methodology ensures the estimated annual burdens in the table are consistent with the values recorded in OMB’s consolidated information system. VerDate Sep<11>2014 21:12 Jul 16, 2024 Jkt 262001 PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 E:\FR\FM\17JYN1.SGM 17JYN1 58160 Federal Register / Vol. 89, No. 137 / Wednesday, July 17, 2024 / Notices TABLE 2—SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN [OMB No. 3064–0082] Type of burden (frequency of response) Information collection (IC) (obligation to respond) Number of responses per respondent Number of respondents Time per response (HH:MM) 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, 12 CFR 1026.60 (Mandatory). 2. Account Opening Disclosures, 12 CFR 1026.6(b) (Mandatory). 3. Periodic Statements, 12 CFR 1026.7(b) (Mandatory) ........... 4. Annual Statement of Billing Rights, 12 CFR 1026.9(a)(1) (Mandatory). 5. Alternative Summary Statement of Billing Rights, 12 CFR 1026.9(a)(2) (Voluntary). 6. Change in Terms Disclosures, 12 CFR 1026.9(b) through (h) (Mandatory). Disclosure (Annual) ................. 478 1 08:00 3,824 Disclosure (Annual) ................. 478 1 12:00 5,736 Disclosure (Monthly) ................ Disclosure (Annual) ................. 478 478 12 1 08:00 08:00 45,888 3,824 Disclosure (Monthly) ................ 478 12 08:00 45,888 Disclosure (Annual) ................. 478 1 08:00 3,824 Disclosure (On Occasion) ........ 478 61 00:05 2,430 Recordkeeping (Annual) .......... Reporting (Annual) ................... 478 478 1 1 12:00 08:00 5,736 3,824 Reporting (Quarterly) ............... 478 4 03:00 5,736 Disclosure (Quarterly) .............. 478 4 06:00 11,472 Disclosure (On Occasion) ........ 478 14 00:15 1,673 Disclosure (Annual) ................. Disclosure (Annual) ................. 2,189 2,189 1 1 12:00 12:00 26,268 26,268 Disclosure (Annual) ................. Disclosure (Annual) ................. 2,189 2,189 1 1 08:00 08:00 17,512 17,512 Disclosure (Annual) ................. 2,189 1 08:00 17,512 Disclosure (Annual) ................. 2,189 1 08:00 17,512 Disclosure Annual) ................... 2,189 1 02:00 4,378 2,265 937 00:01 35,372 2,551 1 12:00 30,612 Disclosure (Annual) ................. 2,815 1 08:00 22,520 Disclosure (Annual) ................. 2,815 1 08:00 22,520 Æ Credit and Charge Card Provisions 7. Timely Settlement of Estate Debts, 12 CFR 1026.11(c)(2) (Mandatory). 8. Ability to Pay, 12 CFR 1026.51 (Mandatory) ......................... 9. College Student Credit Annual Report, 12 CFR 1026.57(d) (Mandatory). 10. Submission of Credit Card Agreements, 12 CFR 1026.58(c) (Mandatory). 11. Internet Posting of Credit Card Agreements, 12 CFR 1026.58(d) (Mandatory). 12. Individual Credit Card Agreements, 12 CFR 1026.58(e) (Mandatory). • Home Equity Open-End Credit Plans (HELOC) Æ General Disclosure Rules for HELOC’s 13. Application Disclosures, 12 CFR 1026.40 (Mandatory) ....... 14. Account Opening Disclosures, 12 CFR 1026.6(a) (Mandatory). 15. Periodic Statements, 12 CFR 1026.7(a) (Mandatory) ......... 16. Annual Statement of Billing Rights, 12 CFR 1026.9(a)(1) (Mandatory). 17. Alternative Summary Statement of Billing Rights, 12 CFR 1026.9(a)(2) (Mandatory). 18. Change in Terms Disclosures, 12 CFR 1026.9(b) through (h) (Mandatory). 19. Notice to Restrict Credit, 12 CFR 1026.9(c)(1)(iii); 1026.40(f)(3)(i) and (vi) (Mandatory). • All Open-End Credit Plans 20. Error Resolution, 12 CFR 1026.13 (Mandatory) .................. Disclosure (On Occasion) ........ Closed-End Credit Products • General Rules for Closed-End Credit 21. Other than Real Estate, Home-Secured and Private Education Loans, 12 CFR 1026.17 and 1026.18 (Mandatory). Disclosure (Annual) ................. • Closed-End Mortgages Æ Application and Consummation 22. Loan Estimate, 12 CFR 1026.19(e); and 1026.37 (Mandatory). 23. Closing Disclosure, 12 CFR 1026.19(f); and 1026.38 (Mandatory). 24. Record Retention of Disclosures, 12 CFR 1026.19(e), (f); 1026.37; and 1026.38 (Mandatory). Recordkeeping (Annual) .......... I 2,815 1 I I 00:18 I 845 ddrumheller on DSK120RN23PROD with NOTICES1 Æ Post-Consummation Disclosures 25. Interest Rate and Payment Summary, 12 CFR 1026.18(s) (Mandatory). 26. No Guarantee to Refinance Statement, 12 CFR 1026.18(t) (Mandatory). 27. ARMs Rate Adjustments with Payment Change Disclosures, 12 CFR 1026.20(c) (Mandatory). 28. Initial Rate Adjustment Disclosure for ARMs, 12 CFR 1026.20(d) (Mandatory). 29. Escrow Cancellation Notice, 12 CFR 1026.20(e) (Mandatory). VerDate Sep<11>2014 19:21 Jul 16, 2024 Jkt 262001 PO 00000 Disclosure (Annual) ................. 2,815 1 40:00 112,600 Disclosure (Annual) ................. 2,815 1 08:00 22,520 Disclosure (Annual) ................. 2,815 1 01:30 4,223 Disclosure (Annual) ................. 2,815 1 02:00 5,630 Disclosure (Annual) ................. 2,815 1 08:00 22,520 Frm 00059 Fmt 4703 Sfmt 4703 E:\FR\FM\17JYN1.SGM 17JYN1 58161 Federal Register / Vol. 89, No. 137 / Wednesday, July 17, 2024 / Notices TABLE 2—SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN—Continued [OMB No. 3064–0082] Information collection (IC) (obligation to respond) Type of burden (frequency of response) 30. Periodic Statements, 12 CFR 1026.41 (Mandatory) ............ Disclosure (Annual) ................. Number of responses per respondent Number of respondents Time per response (HH:MM) Annual burden (hours) 2,815 1 08:00 22,520 Recordkeeping (On Occasion) 2,815 1166 00:15 820,573 Disclosure (On Occasion) ........ 2,815 45 00:12 25,335 2,829 1 08:00 22,632 2,829 1 08:00 22,632 2,829 1 00:10 472 1 1 24:00 24 2,815 1 00:14 657 2,755 1 60:00 165,300 2,755 1 60:00 165,300 2,755 1 60:00 165,300 2,265 1 00:20 755 2,856 1 00:20 952 Æ Ability to Repay Requirements 31. Minimum Standards, 12 CFR 1026.43(c) through (f) (Mandatory). 32. Prepayment Penalties, 12 CFR 1026.43(g) (Mandatory) .... Mortgage Products (Open and Closed-End) • Mortgage Servicing Disclosures Æ Payoff Statements 33. Payoff Statements, 12 CFR 1026.36(c)(3) (Mandatory) ...... Disclosure (Annual) ................. Æ Notice of Sale or Transfer 34. Notice of Sale or Transfer, 12 CFR 1026.39 (Mandatory) .. Disclosure (Annual) ................. • Valuation Independence Æ Mandatory Reporting 35. Reporting Appraiser Noncompliance, 12 CFR 1026.42(g) (Mandatory). Reporting (On Occasion) ......... Reverse and High-Cost Mortgages • Reverse Mortgages Æ Reverse Mortgage Disclosures 36. Reverse Mortgage Disclosures, 12 CFR 1026.31(c)(2) and 1026.33 (Mandatory). Disclosure (Annual) ................. • High-Cost Mortgage Loans Æ HOEPA Disclosures and Notice 37. HOEPA Disclosures and Notice, 12 CFR 1026.32(c) (Mandatory). Disclosure (Annual) ................. Private Education Loans • Initial Disclosures Æ Application and Solicitation Disclosures 38. Application or Solicitation Disclosures, 12 CFR 1026.47(a) (Mandatory). Disclosure (Annual) ................. Æ Approval Disclosures 39. Approval Disclosures, 12 CFR 1026.47(b) (Mandatory) ...... Disclosure (Annual) ................. Æ Final Disclosures 40. Final Disclosures, 12 CFR 1026.47(c) (Mandatory) ............ Disclosure (Annual) ................. Advertising Rules • All Credit Types Æ Open-End Credit 41. Open-End Credit, 12 CFR 1026.16 (Mandatory) ................. Disclosure (Annual) ................. Æ Closed-End Credit 42. Closed-End Credit, 12 CFR 1026.24 (Mandatory) ............... Disclosure (Annual) ................. ddrumheller on DSK120RN23PROD with NOTICES1 Record Retention • Evidence of Compliance 43. Regulation Z in General, 12 CFR 1026.25 (Mandatory) ...... Recordkeeping (Annual) .......... 2,857 1 00:18 857 Total Annual Ongoing Burden (Hours) ................................ .................................................. ........................ ........................ ........................ 1,959,488 Source: FDIC. Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual number of responses and the estimated time per response for a given IC. The estimated annual number of responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents and the estimated annual number of responses per respondent. This methodology ensures the estimated annual burdens in the table are consistent with the values recorded in OMB’s consolidated information system. General Description of Collection: Consumer Financial Protection Bureau (CFPB) Regulation Z—12 CFR 1026 implements the Truth in Lending Act VerDate Sep<11>2014 21:12 Jul 16, 2024 Jkt 262001 (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 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 methods for computing the cost of credit, the disclosure of credit terms and costs, the resolution of errors and imposes various other recordkeeping, E:\FR\FM\17JYN1.SGM 17JYN1 58162 Federal Register / Vol. 89, No. 137 / Wednesday, July 17, 2024 / Notices 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 FDICsupervised 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, Request (ICR) is 1,959,766 hours (288 hours estimated implementation burden, plus 1,959,488 hours estimated ongoing burden), which is a decrease of 71,838 hours from the 2021 estimate. As the estimated time per response remained the same from the 2021 ICR, the change in the total estimated annual burden hours is attributable to the decrease in the estimated number of respondents in Table 2. 3. Title: Account Based Disclosures in Connection with Consumer Financial Protection Bureau Regulations E and DD and Federal Reserve Regulation CC. OMB Number: 3064–0084. Form Number: None. Affected Public: FDIC—Supervised Institutions. Burden Estimate: 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. The estimated annual burden, in hours, is the product of the estimated number of respondents per year, estimated number of responses per respondent per year, and estimated hours per response, as summarized in Table 1 for the implementation burden and in Table 2 for the ongoing burden, below. The total estimated annual burden for this Information Collection SUMMARY OF ESTIMATED ANNUAL BURDEN [OMB No. 3064–0084] Information collection (IC) (obligation to respond) Type of burden (frequency of response) Number of responses per respondent Number of respondents Time per response (HH:MM) Annual burden (hours) ddrumheller on DSK120RN23PROD with NOTICES1 CFPB Regulation E—12 CFR Part 1005 1. Initial Disclosures: General, 12 CFR 1005.7(b) (Mandatory) 2. Initial Disclosures: Payroll Cards, 12 CFR 1005.18(c)(1) (Mandatory). 3. Initial Disclosures: Change in Terms, 12 CFR 1005.8(a) (Mandatory). 4. Error Resolution Rules: General, 12 CFR 1005.8(b), 12 CFR 1005.11 (Mandatory). 5. Error Resolution Rules: Payroll Cards, 12 CFR 1005.18 (Mandatory). 6. Prepaid Accounts: New Products—Short Form Disclosure, 12 CFR 1005.18(b)(2), 12 CFR 1005.15(c) (Mandatory). 7. Prepaid Accounts: New Products—Long Form Disclosure, 12 CFR 1005.18(b)(4), 12 CFR 1005.15(c) (Mandatory). 8. Prepaid Accounts: Implementation—Short Form Additional Fee Type Disclosure, 12 CFR 1005.18(b)(2)(ix) (Mandatory). 9. Prepaid Accounts: Implementation—Access to Prepaid Account Information, 12 CFR 1005.18(c)(5), 12 CFR 1005.15(d) (Mandatory). 10. Prepaid Accounts: Implementation—Error Resolution, 12 CFR 1005.18(e)(2), 12 CFR 1005.11 (Mandatory). 11. Prepaid Accounts: Implementation—Submission of Agreements, 12 CFR 1005.19(b) (Mandatory). 12. Prepaid Accounts: Ongoing—Short Form Additional Fee Type Disclosure, 12 CFR 1005.18(b)(2)(ix) (Mandatory). 13. Prepaid Accounts: Ongoing—Access to Prepaid Account Information, 12 CFR 1005.18(c)(5), 12 CFR 1005.15(d) (Mandatory). 14. Prepaid Accounts: Ongoing—Error Resolution, 12 CFR 1005.18(e)(2), 12 CFR 1005.11 (Mandatory). 15. Prepaid Accounts: Ongoing—Submission of Agreements, 12 CFR 1005.19(b) (Mandatory). 16. Gift Cards/Certificates: Implementation—Exclusion Policies and Procedures, 12 CFR 1005.20(b)(2) (Mandatory). 17. Gift Cards/Certificates: Implementation—Policies & Procedures 12 CFR 1005.20(e)(1) (Mandatory). 18. Gift Cards/Certificates: Ongoing—Exclusion Policies and Procedures, 12 CFR 1005.20(b)(2) (Mandatory). 19. Gift Cards/Certificates: Ongoing—Policies & Procedures 12 CFR 1005.20(e)(1) (Mandatory). 20. Remittances: Implementation—Policies & Procedures for Error Resolution and Retention of Documentation 12 CFR 1005.33(g), 12 CFR 1005.13 (Mandatory). 21. Remittances: Ongoing—Policies & Procedures for Error Resolution and Retention of Documentation 12 CFR 1005.33(g), 12 CFR 1005.13 (Mandatory). 22. Remittance Transfer Disclosures 12 CFR 1005.31 (Mandatory). 23. Error Resolution for Remittance Transfers 12 CFR 1005.33 (Mandatory). VerDate Sep<11>2014 19:21 Jul 16, 2024 Jkt 262001 PO 00000 Disclosure (On Occasion) ........ Disclosure (On Occasion) ........ 2,871 6 83 5,000 00:01.5 00:01.5 5,957 750 Disclosure (On Occasion) ........ 2,871 113 00:01 5,407 Disclosure (On Occasion) ........ 2,871 3 00:30 4,307 Disclosure (On Occasion) ........ 6 8 00:30 24 Disclosure (On Occasion) ........ 2 24.33 40:00 1,960 Disclosure (On Occasion) ........ 2 24.33 08:00 392 Disclosure (On Occasion) ........ 1 1 04:00 4 Recordkeeping (On Occasion) 1 1 24:00 24 Recordkeeping (On Occasion) 1 1 08:00 8 Reporting (On Occasion) ......... 1 1 01:00 1 Disclosure (Annual) ................. 15 1 00:30 8 Recordkeeping (Annual) .......... 15 1 00:30 8 Recordkeeping (Annual) .......... 15 1 00:30 8 Reporting (Annual) ................... 15 1 00:30 8 Recordkeeping (On Occasion) 2 1 20:00 40 Recordkeeping (On Occasion) 2 1 20:00 40 Recordkeeping (Annual) .......... 12 1 00:15 3 Recordkeeping (Annual) .......... 12 1 00:15 3 Recordkeeping (On Occasion) 1 1 08:00 8 Recordkeeping (Annual) .......... 122 1 00:30 61 Disclosure (Monthly) ................ 122 12 08:00 11,712 Disclosure (Monthly) ................ 122 12 04:30 6,588 Frm 00061 Fmt 4703 Sfmt 4703 E:\FR\FM\17JYN1.SGM 17JYN1 58163 Federal Register / Vol. 89, No. 137 / Wednesday, July 17, 2024 / Notices SUMMARY OF ESTIMATED ANNUAL BURDEN—Continued [OMB No. 3064–0084] Information collection (IC) (obligation to respond) Type of burden (frequency of response) Number of respondents 24. Remittance Transfers Scheduled before date of transfer 12 CFR 1005.36 (Mandatory). Disclosure (Annual) ................. Number of responses per respondent Time per response (HH:MM) Annual burden (hours) 122 1 08:00 976 Disclosure (On Occasion) ........ 2,871 170 00:01.5 12,202 Disclosure (On Occasion) ........ Disclosure (On Occasion) ........ 2,871 2,871 380 340 00:01 00:01 18,183 16,269 Disclosure (Monthly) ................ 2,871 12 04:00 137,808 Disclosure (Monthly) ................ 2,871 12 00:30 17,226 CFPB Regulation DD—12 CFR Part 1030 25. Account disclosures (Upon Request and New Accounts), 12 CFR 1030.4 (Mandatory). 26. Change in Terms, 12 CFR 1030.5 (Mandatory) .................. 27. Prematurity (renewal) Notices to Consumers, 12 CFR 1030.5 (Mandatory). 28. Disclosures on Periodic Statements, 12 CFR 1030.6 (Mandatory). 29. Advertising, 12 CFR 1030.8 (Mandatory) ............................ Federal Reserve Board Regulation CC—12 CFR Part 229 30. Specific Availability Policy Disclosure (Initial Notice, Upon Request, Upon Change in Policy),. 12 CFR 229.16, 12 CFR 229.17, 12 CFR 229.18(d) (Mandatory). 31. Case-by-case Hold Notice to Consumers, 12 CFR 229.16(c) (Mandatory). 32. Notice of Exceptions to Hold Policy, (12 CFR 229.13(g)) (Mandatory). 33. Notice posted where consumers make deposits (Incl. ATMs), 12 CFR 229.18(b), 12 CFR 229.18(c) (Mandatory). 34. Notice to consumers of changes in policy, 12 CFR 229.18(e) (Mandatory). 35. Annual notice of new ATMs, 12 CFR 229.18(e) (Mandatory). 36. Notice of nonpayment—notice to depository bank, 12 CFR 229.33(a) and 12 CFR 229.33(d) (Mandatory). 37. Response to consumer’s recredit claim (validation, denial, reversal), 12 CFR 229.54(e) (Mandatory). 38. Bank’s claim against an indemnifying bank, 12 CFR 229.55 (Mandatory). 39. Consumer awareness disclosure, 12 CFR 229.57 (Mandatory). 40. Reg CC Consumer Burden—Expedited recredit claim notice, 12 CFR 229.54(a) and 12 CFR 229.54(b)(2) (Mandatory). Total Annual Burden (Hours) .............................................. Disclosure (On Occasion) ........ 2,936 140 00:01 6,851 Disclosure (On Occasion) ........ 2,936 717 00:03 105,256 Disclosure (On Occasion) ........ 2,936 247 00:03 36,260 Disclosure (On Occasion) ........ 2,936 1 00:15 734 Disclosure (On Occasion) ........ 2,936 170 00:01 8,319 Disclosure (Annual) ................. 2,936 1 05:00 14,680 Disclosure (On Occasion) ........ 2,936 2211 00:01 108,192 Disclosure (On Occasion) ........ 2,936 12 00:15 8,808 Reporting (On Occasion) ......... 2,936 5 00:15 3,670 Disclosure (On Occasion) ........ 2,936 170 00:01 8,319 Reporting (On Occasion) ......... 2,936 8 00:15 5,872 .................................................. ........................ ........................ ........................ 546,946 ddrumheller on DSK120RN23PROD with NOTICES1 Source: FDIC. NOTE: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual number of responses and the estimated time per response for a given IC. The estimated annual number of responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents and the estimated annual number of responses per respondent. This methodology ensures the estimated annual burdens in the table are consistent with the values recorded in OMB’s consolidated information system. General Description of Collection: Regulations E & DD (Consumer Financial Protection Bureau’s Regulations) and Regulation CC (the Federal Reserve’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 VerDate Sep<11>2014 19:21 Jul 16, 2024 Jkt 262001 error resolution rights and procedures. Like Regulation E, Regulation CC contains 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 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 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. This Information Collection E:\FR\FM\17JYN1.SGM 17JYN1 58164 Federal Register / Vol. 89, No. 137 / Wednesday, July 17, 2024 / Notices Request (ICR) is being revised as a result of the addition of five (5) new information collection requirements contained in CFPB’s Regulation E, Subpart B. The estimated annual burden, in hours, is the product of the estimated number of respondents per year, estimated number of responses per respondent per year, and estimated hours per response, as summarized in the Table above. The total estimated annual burden for this ICR is 546,946 hours, which is a decrease of 45,875 hours from our estimate in the 2021 memo (592,821 hours). This decrease can be explained largely by a decline in the number of FDIC-supervised IDIs from December 31, 2020 (the period used in the previous OMB renewal) to December 31, 2023. This decrease is CFPB Regulation E ..................................................................................................................... CFPB Regulation DD ................................................................................................................... FRB Regulation CC ..................................................................................................................... Total Annual Burden .................................................................................................................... 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. Federal Deposit Insurance Corporation. Dated at Washington, DC, on July 12, 2024. Hina Z. Hussain, Acting Assistant Executive Secretary. [FR Doc. 2024–15685 Filed 7–16–24; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION ddrumheller on DSK120RN23PROD with NOTICES1 Notice of Agreements Filed The Commission hereby gives notice of filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments, relevant information, or documents regarding the agreements to the Secretary by email at Secretary@ fmc.gov, or by mail, Federal Maritime Commission, 800 North Capitol Street, Washington, DC 20573. Comments will be most helpful to the Commission if received within 12 days of the date this notice appears in the Federal Register, and the Commission requests that comments be submitted within 7 days VerDate Sep<11>2014 19:21 Jul 16, 2024 Jkt 262001 on agreements that request expedited review. Copies of agreements are available through the Commission’s website (www.fmc.gov) or by contacting the Office of Agreements at (202) 523– 5793 or tradeanalysis@fmc.gov. Agreement No.: 201432. Agreement Name: SSL/NPDL Vessel Sharing Agreement. Parties: Neptune Pacific Direct Line Pte. Ltd.; Swire Shipping Pte. Ltd. Filing Party: Conte Cicala; Withers Bergman LLP. Synopsis: The purpose of this Agreement is to improve the productivity and operating efficiency of the Parties’ vessels and equipment and to provide efficient, reliable, and stable liner shipping services through space chartering, coordination of sailings and other activities under this Agreement. Proposed Effective Date: 08/22/2024. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/86569. Agreement No.: 201433. Agreement Name: CMA CGM/COSCO SHIPPING/OOCL Cooperative Working Agreement Indian Sub-Continent— United States East Coast. Parties: CMA CGM S.A.; COSCO Shipping Lines Co., Ltd.; Orient Overseas Container Line Limited. Filing Party: Robert Magovern; Cozen O’Connor. Synopsis: The Agreement authorizes the Parties to share vessels with one another in the trade between ports in Pakistan and India and the inland and coastal points served by such ports, and ports on the U.S. East Coast and the inland and coastal points served by such ports, utilizing vessels contributed, and independently operated, by the Parties hereto. Proposed Effective Date: 08/23/2024. PO 00000 The estimated annual burden and change in burden, broken down by each Regulation (E, DD, and CC), is as follows: 2021 Total annual burden (hours) Regulation Request for Comment attenuated by the inclusion of five ICs pertaining to recordkeeping and disclosure requirements associated with remittance transfers in Subpart B of CFPB Regulation E. Frm 00063 Fmt 4703 Sfmt 4703 28,950 223,594 340,277 592,821 2024 Total annual burden (hours) Change (hours) 38,297 201,688 306,961 546,946 +9,347 ¥21,906 ¥33,316 ¥45,875 Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/86570. Dated: July 12, 2024. Alanna Beck, Federal Register Alternate Liaison Officer. [FR Doc. 2024–15702 Filed 7–16–24; 8:45 am] BILLING CODE 6730–02–P FEDERAL MARITIME COMMISSION Notice of Request for Additional Information The Commission gives notice that it has formally requested that the parties to the below listed agreement provide additional information pursuant to 46 U.S.C. 40304(d). This action prevents the agreement from becoming effective as originally scheduled. Interested parties may submit written comments, including relevant information and documents, regarding the agreement to the Secretary by email at Secretary@ fmc.gov, or by mail, Federal Maritime Commission, 800 North Capitol Street, Washington, DC 20573. Comments may be filed up to fifteen (15) days after publication of this notice appears in the Federal Register. Agreement No.: 201429. Title: Gemini Cooperation Agreement. Parties: Hapag Lloyd AG; HapagLloyd USA, LLC; Maersk A/S. By Order of the Federal Maritime Commission. Dated: July 11, 2024. David Eng, Secretary. [FR Doc. 2024–15640 Filed 7–16–24; 8:45 am] BILLING CODE E:\FR\FM\17JYN1.SGM 17JYN1

Agencies

[Federal Register Volume 89, Number 137 (Wednesday, July 17, 2024)]
[Notices]
[Pages 58158-58164]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15685]


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

FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0019; -0082; -0084]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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

SUMMARY: The FDIC, as part of its obligations under the Paperwork 
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. 
3064-0019, -0082, and -0084). The notice of the proposed renewal for 
these information collections were previously published in the Federal 
Register on May 1, 2024, and May 7, 2024, allowing for a 60-day comment 
period.

DATES: Comments must be submitted on or before August 16, 2024.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
     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 NW building (located on F Street 
NW), 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

[[Page 58159]]

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 collection of 
information:
    1. Title: Interagency Notice of Change in Control
    OMB Number: 3064-0019
    Form Number: 6822/01.
    Affected Public: Individuals, insured state nonmember banks, and 
insured state savings associations.
    Burden Estimate:

                                                           Summary of Estimated Annual Burdens
                                                                   [OMB No. 3064-0019]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Number of       Time per
            IC description                  Type of burden        Frequency of response      Number of      responses/       response      Annual burden
                                        (obligation to respond)                             respondents     respondent        (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Form 6822/01--Interagency Notice of    Reporting (Mandatory)...  On occasion............              34               1            30.5           1,037
 Change in Control, 12 CFR 303.85.
Notice of Change in Control Public     Disclosure (Mandatory)..  On Occasion............              34               1               1              34
 Notice Requirement, 12 CFR 303.87.
                                                                                         ---------------------------------------------------------------
    Total Annual Burden Hours........  ........................  .......................  ..............  ..............  ..............           1,071
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: Section 7(j) of the FDIA (12 
U.S.C. 1817(j)) and sections 303.80-88 of the FDIC Rules and 
Regulations (12 CFR 303.80 et seq.) require that any person proposing 
to acquire control of an insured depository institution and certain 
parent companies thereof provide 60 days prior written notice of the 
proposed acquisition to the appropriate federal banking agency. Such 
written notice which pertains to the acquisition of control of an FDIC 
supervised institution and certain parent companies thereof is filed 
with the regional director of the FDIC region in which the bank is 
located. The FDIC reviews the information reported in the Notice to 
assess, in part, any anticompetitive and monopolistic effects of the 
proposed acquisition, to determine if the financial condition of any 
acquiring person or the future prospects of the institution might 
jeopardize the financial stability of the institution or prejudice the 
interests of the depositors of the institution, and to determine 
whether the competence, experience, or integrity of any acquiring 
person, or of any of the proposed management personnel, indicates that 
it would not be in the interest of the depositors of the institution, 
or in the interest of the public, to permit such persons to control the 
bank. The FDIC must also make an independent determination of the 
accuracy and completeness of all of the information required to be 
filed in conjunction with a Notice.
    The FDIC is increasing the total burden associated with this 
collection from 549 hours to 1,071 hours. This information collection 
contains a disclosure requirement, which was not recognized in the 2021 
submission. The 522 increase in burden hours is due to the addition of 
the disclosure requirement and the use of a more accurate methodology 
to estimate the number of respondents and responses per respondent.
    2. Title: Recordkeeping, Disclosure and Reporting Requirements in 
Connection with Regulation Z.
    OMB Number: 3064-0082.
    Form Number: None.
    Affected Public: FDIC- Supervised Institutions.
    Burden Estimate:

                           Table 1--Summary of Estimated Annual Implementation Burden
                                               [OMB No. 3064-0082]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
                                            Open-End Credit Products
                                  Not Home-Secured Open-End Credit Plans
                                     [cir] Credit and Charge Card Provisions
----------------------------------------------------------------------------------------------------------------
Timely Settlement of Estate     Recordkeeping                  8               1           08:00              64
 Debts Written Policies and      (On Occasion).
 Procedures, 12 CFR
 1026.11(c)(1) (Mandatory).
Ability to Pay Written          Recordkeeping                  8               1           08:00              64
 Policies and Procedures, 12     (On Occasion).
 CFR 1026.51(a)(ii)
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                     Mortgage Products (Open and Closed-End)
                                          Valuation Independence
                                            [cir] Mandatory Reporting
----------------------------------------------------------------------------------------------------------------
Implementation of Policies and  Recordkeeping                  8               1           20:00             160
 Procedures, 12 CFR 1026.42(g)   (On Occasion).
 (Mandatory).
    Total Annual                ................  ..............  ..............  ..............             288
     Implementation Burden
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
  number of responses and the estimated time per response for a given IC. The estimated annual number of
  responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
  and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
  burdens in the table are consistent with the values recorded in OMB's consolidated information system.


[[Page 58160]]


                               Table 2--Summary of Estimated Annual Ongoing Burden
                                               [OMB No. 3064-0082]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (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       Disclosure                   478               1           08:00           3,824
 Applications and                (Annual).
 Solicitations, 12 CFR 1026.60
 (Mandatory).
2. Account Opening              Disclosure                   478               1           12:00           5,736
 Disclosures, 12 CFR 1026.6(b)   (Annual).
 (Mandatory).
3. Periodic Statements, 12 CFR  Disclosure                   478              12           08:00          45,888
 1026.7(b) (Mandatory).          (Monthly).
4. Annual Statement of Billing  Disclosure                   478               1           08:00           3,824
 Rights, 12 CFR 1026.9(a)(1)     (Annual).
 (Mandatory).
5. Alternative Summary          Disclosure                   478              12           08:00          45,888
 Statement of Billing Rights,    (Monthly).
 12 CFR 1026.9(a)(2)
 (Voluntary).
6. Change in Terms              Disclosure                   478               1           08:00           3,824
 Disclosures, 12 CFR 1026.9(b)   (Annual).
 through (h) (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                     [cir] Credit and Charge Card Provisions
----------------------------------------------------------------------------------------------------------------
7. Timely Settlement of Estate  Disclosure (On               478              61           00:05           2,430
 Debts, 12 CFR 1026.11(c)(2)     Occasion).
 (Mandatory).
8. Ability to Pay, 12 CFR       Recordkeeping                478               1           12:00           5,736
 1026.51 (Mandatory).            (Annual).
9. College Student Credit       Reporting                    478               1           08:00           3,824
 Annual Report, 12 CFR           (Annual).
 1026.57(d) (Mandatory).
10. Submission of Credit Card   Reporting                    478               4           03:00           5,736
 Agreements, 12 CFR 1026.58(c)   (Quarterly).
 (Mandatory).
11. Internet Posting of Credit  Disclosure                   478               4           06:00          11,472
 Card Agreements, 12 CFR         (Quarterly).
 1026.58(d) (Mandatory).
12. Individual Credit Card      Disclosure (On               478              14           00:15           1,673
 Agreements, 12 CFR 1026.58(e)   Occasion).
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                Home Equity Open-End Credit Plans (HELOC)
                                   [cir] General Disclosure Rules for HELOC's
----------------------------------------------------------------------------------------------------------------
13. Application Disclosures,    Disclosure                 2,189               1           12:00          26,268
 12 CFR 1026.40 (Mandatory).     (Annual).
14. Account Opening             Disclosure                 2,189               1           12:00          26,268
 Disclosures, 12 CFR 1026.6(a)   (Annual).
 (Mandatory).
15. Periodic Statements, 12     Disclosure                 2,189               1           08:00          17,512
 CFR 1026.7(a) (Mandatory).      (Annual).
16. Annual Statement of         Disclosure                 2,189               1           08:00          17,512
 Billing Rights, 12 CFR          (Annual).
 1026.9(a)(1) (Mandatory).
17. Alternative Summary         Disclosure                 2,189               1           08:00          17,512
 Statement of Billing Rights,    (Annual).
 12 CFR 1026.9(a)(2)
 (Mandatory).
18. Change in Terms             Disclosure                 2,189               1           08:00          17,512
 Disclosures, 12 CFR 1026.9(b)   (Annual).
 through (h) (Mandatory).
19. Notice to Restrict Credit,  Disclosure                 2,189               1           02:00           4,378
 12 CFR 1026.9(c)(1)(iii);       Annual).
 1026.40(f)(3)(i) and (vi)
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                        All Open-End Credit Plans
----------------------------------------------------------------------------------------------------------------
20. Error Resolution, 12 CFR    Disclosure (On             2,265             937           00:01          35,372
 1026.13 (Mandatory).            Occasion).
----------------------------------------------------------------------------------------------------------------
                                           Closed-End Credit Products
                                   General Rules for Closed-End Credit
----------------------------------------------------------------------------------------------------------------
21. Other than Real Estate,     Disclosure                 2,551               1           12:00          30,612
 Home-Secured and Private        (Annual).
 Education Loans, 12 CFR
 1026.17 and 1026.18
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                           Closed-End Mortgages
                                       [cir] Application and Consummation
----------------------------------------------------------------------------------------------------------------
22. Loan Estimate, 12 CFR       Disclosure                 2,815               1           08:00          22,520
 1026.19(e); and 1026.37         (Annual).
 (Mandatory).
23. Closing Disclosure, 12 CFR  Disclosure                 2,815               1           08:00          22,520
 1026.19(f); and 1026.38         (Annual).
 (Mandatory).
24. Record Retention of         Recordkeeping              2,815               1           00:18             845
 Disclosures, 12 CFR             (Annual).
 1026.19(e), (f); 1026.37; and
 1026.38 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                       [cir] Post-Consummation Disclosures
----------------------------------------------------------------------------------------------------------------
25. Interest Rate and Payment   Disclosure                 2,815               1           40:00         112,600
 Summary, 12 CFR 1026.18(s)      (Annual).
 (Mandatory).
26. No Guarantee to Refinance   Disclosure                 2,815               1           08:00          22,520
 Statement, 12 CFR 1026.18(t)    (Annual).
 (Mandatory).
27. ARMs Rate Adjustments with  Disclosure                 2,815               1           01:30           4,223
 Payment Change Disclosures,     (Annual).
 12 CFR 1026.20(c) (Mandatory).
28. Initial Rate Adjustment     Disclosure                 2,815               1           02:00           5,630
 Disclosure for ARMs, 12 CFR     (Annual).
 1026.20(d) (Mandatory).
29. Escrow Cancellation         Disclosure                 2,815               1           08:00          22,520
 Notice, 12 CFR 1026.20(e)       (Annual).
 (Mandatory).

[[Page 58161]]

 
30. Periodic Statements, 12     Disclosure                 2,815               1           08:00          22,520
 CFR 1026.41 (Mandatory).        (Annual).
----------------------------------------------------------------------------------------------------------------
                                       [cir] Ability to Repay Requirements
----------------------------------------------------------------------------------------------------------------
31. Minimum Standards, 12 CFR   Recordkeeping              2,815            1166           00:15         820,573
 1026.43(c) through (f)          (On Occasion).
 (Mandatory).
32. Prepayment Penalties, 12    Disclosure (On             2,815              45           00:12          25,335
 CFR 1026.43(g) (Mandatory).     Occasion).
----------------------------------------------------------------------------------------------------------------
                                     Mortgage Products (Open and Closed-End)
                                      Mortgage Servicing Disclosures
                                             [cir] Payoff Statements
----------------------------------------------------------------------------------------------------------------
33. Payoff Statements, 12 CFR   Disclosure                 2,829               1           08:00          22,632
 1026.36(c)(3) (Mandatory).      (Annual).
----------------------------------------------------------------------------------------------------------------
                                        [cir] Notice of Sale or Transfer
----------------------------------------------------------------------------------------------------------------
34. Notice of Sale or           Disclosure                 2,829               1           08:00          22,632
 Transfer, 12 CFR 1026.39        (Annual).
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                          Valuation Independence
                                            [cir] Mandatory Reporting
----------------------------------------------------------------------------------------------------------------
35. Reporting Appraiser         Reporting (On              2,829               1           00:10             472
 Noncompliance, 12 CFR           Occasion).
 1026.42(g) (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                         Reverse and High-Cost Mortgages
                                            Reverse Mortgages
                                       [cir] Reverse Mortgage Disclosures
----------------------------------------------------------------------------------------------------------------
36. Reverse Mortgage            Disclosure                     1               1           24:00              24
 Disclosures, 12 CFR             (Annual).
 1026.31(c)(2) and 1026.33
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                         High-Cost Mortgage Loans
                                       [cir] HOEPA Disclosures and Notice
----------------------------------------------------------------------------------------------------------------
37. HOEPA Disclosures and       Disclosure                 2,815               1           00:14             657
 Notice, 12 CFR 1026.32(c)       (Annual).
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                             Private Education Loans
                                           Initial Disclosures
                                 [cir] Application and Solicitation Disclosures
----------------------------------------------------------------------------------------------------------------
38. Application or              Disclosure                 2,755               1           60:00         165,300
 Solicitation Disclosures, 12    (Annual).
 CFR 1026.47(a) (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                           [cir] Approval Disclosures
----------------------------------------------------------------------------------------------------------------
39. Approval Disclosures, 12    Disclosure                 2,755               1           60:00         165,300
 CFR 1026.47(b) (Mandatory).     (Annual).
----------------------------------------------------------------------------------------------------------------
                                             [cir] Final Disclosures
----------------------------------------------------------------------------------------------------------------
40. Final Disclosures, 12 CFR   Disclosure                 2,755               1           60:00         165,300
 1026.47(c) (Mandatory).         (Annual).
----------------------------------------------------------------------------------------------------------------
                                                Advertising Rules
                                             All Credit Types
                                              [cir] Open-End Credit
----------------------------------------------------------------------------------------------------------------
41. Open-End Credit, 12 CFR     Disclosure                 2,265               1           00:20             755
 1026.16 (Mandatory).            (Annual).
----------------------------------------------------------------------------------------------------------------
                                             [cir] Closed-End Credit
----------------------------------------------------------------------------------------------------------------
42. Closed-End Credit, 12 CFR   Disclosure                 2,856               1           00:20             952
 1026.24 (Mandatory).            (Annual).
----------------------------------------------------------------------------------------------------------------
                                                Record Retention
                                          Evidence of Compliance
----------------------------------------------------------------------------------------------------------------
43. Regulation Z in General,    Recordkeeping              2,857               1           00:18             857
 12 CFR 1026.25 (Mandatory).     (Annual).
                                                 ---------------------------------------------------------------
    Total Annual Ongoing        ................  ..............  ..............  ..............       1,959,488
     Burden (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
  number of responses and the estimated time per response for a given IC. The estimated annual number of
  responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
  and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
  burdens in the table are consistent with the values recorded in OMB's consolidated information system.

    General Description of 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,

[[Page 58162]]

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.
    The estimated annual burden, in hours, is the product of the 
estimated number of respondents per year, estimated number of responses 
per respondent per year, and estimated hours per response, as 
summarized in Table 1 for the implementation burden and in Table 2 for 
the ongoing burden, below. The total estimated annual burden for this 
Information Collection Request (ICR) is 1,959,766 hours (288 hours 
estimated implementation burden, plus 1,959,488 hours estimated ongoing 
burden), which is a decrease of 71,838 hours from the 2021 estimate. As 
the estimated time per response remained the same from the 2021 ICR, 
the change in the total estimated annual burden hours is attributable 
to the decrease in the estimated number of respondents in Table 2.
    3. Title: Account Based Disclosures in Connection with Consumer 
Financial Protection Bureau Regulations E and DD and Federal Reserve 
Regulation CC.
    OMB Number: 3064-0084.
    Form Number: None.
    Affected Public: FDIC--Supervised Institutions.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0084]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
                                       CFPB Regulation E--12 CFR Part 1005
----------------------------------------------------------------------------------------------------------------
1. Initial Disclosures:         Disclosure (On             2,871              83         00:01.5           5,957
 General, 12 CFR 1005.7(b)       Occasion).
 (Mandatory).
2. Initial Disclosures:         Disclosure (On                 6           5,000         00:01.5             750
 Payroll Cards, 12 CFR           Occasion).
 1005.18(c)(1) (Mandatory).
3. Initial Disclosures: Change  Disclosure (On             2,871             113           00:01           5,407
 in Terms, 12 CFR 1005.8(a)      Occasion).
 (Mandatory).
4. Error Resolution Rules:      Disclosure (On             2,871               3           00:30           4,307
 General, 12 CFR 1005.8(b), 12   Occasion).
 CFR 1005.11 (Mandatory).
5. Error Resolution Rules:      Disclosure (On                 6               8           00:30              24
 Payroll Cards, 12 CFR 1005.18   Occasion).
 (Mandatory).
6. Prepaid Accounts: New        Disclosure (On                 2           24.33           40:00           1,960
 Products--Short Form            Occasion).
 Disclosure, 12 CFR
 1005.18(b)(2), 12 CFR
 1005.15(c) (Mandatory).
7. Prepaid Accounts: New        Disclosure (On                 2           24.33           08:00             392
 Products--Long Form             Occasion).
 Disclosure, 12 CFR
 1005.18(b)(4), 12 CFR
 1005.15(c) (Mandatory).
8. Prepaid Accounts:            Disclosure (On                 1               1           04:00               4
 Implementation--Short Form      Occasion).
 Additional Fee Type
 Disclosure, 12 CFR
 1005.18(b)(2)(ix) (Mandatory).
9. Prepaid Accounts:            Recordkeeping                  1               1           24:00              24
 Implementation--Access to       (On Occasion).
 Prepaid Account Information,
 12 CFR 1005.18(c)(5), 12 CFR
 1005.15(d) (Mandatory).
10. Prepaid Accounts:           Recordkeeping                  1               1           08:00               8
 Implementation--Error           (On Occasion).
 Resolution, 12 CFR
 1005.18(e)(2), 12 CFR 1005.11
 (Mandatory).
11. Prepaid Accounts:           Reporting (On                  1               1           01:00               1
 Implementation--Submission of   Occasion).
 Agreements, 12 CFR 1005.19(b)
 (Mandatory).
12. Prepaid Accounts: Ongoing-- Disclosure                    15               1           00:30               8
 Short Form Additional Fee       (Annual).
 Type Disclosure, 12 CFR
 1005.18(b)(2)(ix) (Mandatory).
13. Prepaid Accounts: Ongoing-- Recordkeeping                 15               1           00:30               8
 Access to Prepaid Account       (Annual).
 Information, 12 CFR
 1005.18(c)(5), 12 CFR
 1005.15(d) (Mandatory).
14. Prepaid Accounts: Ongoing-- Recordkeeping                 15               1           00:30               8
 Error Resolution, 12 CFR        (Annual).
 1005.18(e)(2), 12 CFR 1005.11
 (Mandatory).
15. Prepaid Accounts: Ongoing-- Reporting                     15               1           00:30               8
 Submission of Agreements, 12    (Annual).
 CFR 1005.19(b) (Mandatory).
16. Gift Cards/Certificates:    Recordkeeping                  2               1           20:00              40
 Implementation--Exclusion       (On Occasion).
 Policies and Procedures, 12
 CFR 1005.20(b)(2) (Mandatory).
17. Gift Cards/Certificates:    Recordkeeping                  2               1           20:00              40
 Implementation--Policies &      (On Occasion).
 Procedures 12 CFR
 1005.20(e)(1) (Mandatory).
18. Gift Cards/Certificates:    Recordkeeping                 12               1           00:15               3
 Ongoing--Exclusion Policies     (Annual).
 and Procedures, 12 CFR
 1005.20(b)(2) (Mandatory).
19. Gift Cards/Certificates:    Recordkeeping                 12               1           00:15               3
 Ongoing--Policies &             (Annual).
 Procedures 12 CFR
 1005.20(e)(1) (Mandatory).
20. Remittances:                Recordkeeping                  1               1           08:00               8
 Implementation--Policies &      (On Occasion).
 Procedures for Error
 Resolution and Retention of
 Documentation 12 CFR
 1005.33(g), 12 CFR 1005.13
 (Mandatory).
21. Remittances: Ongoing--      Recordkeeping                122               1           00:30              61
 Policies & Procedures for       (Annual).
 Error Resolution and
 Retention of Documentation 12
 CFR 1005.33(g), 12 CFR
 1005.13 (Mandatory).
22. Remittance Transfer         Disclosure                   122              12           08:00          11,712
 Disclosures 12 CFR 1005.31      (Monthly).
 (Mandatory).
23. Error Resolution for        Disclosure                   122              12           04:30           6,588
 Remittance Transfers 12 CFR     (Monthly).
 1005.33 (Mandatory).

[[Page 58163]]

 
24. Remittance Transfers        Disclosure                   122               1           08:00             976
 Scheduled before date of        (Annual).
 transfer 12 CFR 1005.36
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                      CFPB Regulation DD--12 CFR Part 1030
----------------------------------------------------------------------------------------------------------------
25. Account disclosures (Upon   Disclosure (On             2,871             170         00:01.5          12,202
 Request and New Accounts), 12   Occasion).
 CFR 1030.4 (Mandatory).
26. Change in Terms, 12 CFR     Disclosure (On             2,871             380           00:01          18,183
 1030.5 (Mandatory).             Occasion).
27. Prematurity (renewal)       Disclosure (On             2,871             340           00:01          16,269
 Notices to Consumers, 12 CFR    Occasion).
 1030.5 (Mandatory).
28. Disclosures on Periodic     Disclosure                 2,871              12           04:00         137,808
 Statements, 12 CFR 1030.6       (Monthly).
 (Mandatory).
29. Advertising, 12 CFR 1030.8  Disclosure                 2,871              12           00:30          17,226
 (Mandatory).                    (Monthly).
----------------------------------------------------------------------------------------------------------------
                              Federal Reserve Board Regulation CC--12 CFR Part 229
----------------------------------------------------------------------------------------------------------------
30. Specific Availability       Disclosure (On             2,936             140           00:01           6,851
 Policy Disclosure (Initial      Occasion).
 Notice, Upon Request, Upon
 Change in Policy),.
12 CFR 229.16, 12 CFR 229.17,
 12 CFR 229.18(d) (Mandatory).
31. Case-by-case Hold Notice    Disclosure (On             2,936             717           00:03         105,256
 to Consumers, 12 CFR            Occasion).
 229.16(c) (Mandatory).
32. Notice of Exceptions to     Disclosure (On             2,936             247           00:03          36,260
 Hold Policy, (12 CFR            Occasion).
 229.13(g)) (Mandatory).
33. Notice posted where         Disclosure (On             2,936               1           00:15             734
 consumers make deposits         Occasion).
 (Incl. ATMs), 12 CFR
 229.18(b), 12 CFR 229.18(c)
 (Mandatory).
34. Notice to consumers of      Disclosure (On             2,936             170           00:01           8,319
 changes in policy, 12 CFR       Occasion).
 229.18(e) (Mandatory).
35. Annual notice of new ATMs,  Disclosure                 2,936               1           05:00          14,680
 12 CFR 229.18(e) (Mandatory).   (Annual).
36. Notice of nonpayment--      Disclosure (On             2,936            2211           00:01         108,192
 notice to depository bank, 12   Occasion).
 CFR 229.33(a) and 12 CFR
 229.33(d) (Mandatory).
37. Response to consumer's      Disclosure (On             2,936              12           00:15           8,808
 recredit claim (validation,     Occasion).
 denial, reversal), 12 CFR
 229.54(e) (Mandatory).
38. Bank's claim against an     Reporting (On              2,936               5           00:15           3,670
 indemnifying bank, 12 CFR       Occasion).
 229.55 (Mandatory).
39. Consumer awareness          Disclosure (On             2,936             170           00:01           8,319
 disclosure, 12 CFR 229.57       Occasion).
 (Mandatory).
40. Reg CC Consumer Burden--    Reporting (On              2,936               8           00:15           5,872
 Expedited recredit claim        Occasion).
 notice, 12 CFR 229.54(a) and
 12 CFR 229.54(b)(2)
 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............         546,946
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
  number of responses and the estimated time per response for a given IC. The estimated annual number of
  responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
  and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
  burdens in the table are consistent with the values recorded in OMB's consolidated information system.

    General Description of Collection: Regulations E & DD (Consumer 
Financial Protection Bureau's Regulations) and Regulation CC (the 
Federal Reserve'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 contains 
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. This Information Collection

[[Page 58164]]

Request (ICR) is being revised as a result of the addition of five (5) 
new information collection requirements contained in CFPB's Regulation 
E, Subpart B. The estimated annual burden, in hours, is the product of 
the estimated number of respondents per year, estimated number of 
responses per respondent per year, and estimated hours per response, as 
summarized in the Table above. The total estimated annual burden for 
this ICR is 546,946 hours, which is a decrease of 45,875 hours from our 
estimate in the 2021 memo (592,821 hours). This decrease can be 
explained largely by a decline in the number of FDIC-supervised IDIs 
from December 31, 2020 (the period used in the previous OMB renewal) to 
December 31, 2023. This decrease is attenuated by the inclusion of five 
ICs pertaining to recordkeeping and disclosure requirements associated 
with remittance transfers in Subpart B of CFPB Regulation E.
    The estimated annual burden and change in burden, broken down by 
each Regulation (E, DD, and CC), is as follows:

----------------------------------------------------------------------------------------------------------------
                                                                    2021 Total      2024 Total
                           Regulation                              annual burden   annual burden  Change (hours)
                                                                      (hours)         (hours)
----------------------------------------------------------------------------------------------------------------
CFPB Regulation E...............................................          28,950          38,297          +9,347
CFPB Regulation DD..............................................         223,594         201,688         -21,906
FRB Regulation CC...............................................         340,277         306,961         -33,316
Total Annual Burden.............................................         592,821         546,946         -45,875
----------------------------------------------------------------------------------------------------------------

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.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on July 12, 2024.
Hina Z. Hussain,
Acting Assistant Executive Secretary.
[FR Doc. 2024-15685 Filed 7-16-24; 8:45 am]
BILLING CODE 6714-01-P


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