Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 58158-58164 [2024-15685]
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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
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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:
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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
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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
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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.
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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
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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).
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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
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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) .................
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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
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(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
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methods for computing the cost of
credit, the disclosure of credit terms and
costs, the resolution of errors and
imposes various other recordkeeping,
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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
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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
