Federal Register / Vol. 77, No. 235 / Thursday, December 6, 2012 / Notices 72831 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

Agency Information Collection 

Activities: Submission for OMB 

Review; Comment Request 

AGENCY: Bureau of Consumer Financial 

Protection. 

ACTION: Notice and request for comment. 

SUMMARY: The Bureau of Consumer 

Financial Protection (Bureau), as part of 

its continuing effort to reduce 

paperwork and respondent burden, 

invites the general public and other 

Federal agencies to take this 

opportunity to comment on proposed 

information collections, as required by 

the Paperwork Reduction Act of 1995. 

The Bureau is soliciting comments 

concerning its proposed information 

collection titled, ‘‘Clearance for 

Financial Education Program 

Evaluation.’’ The proposed collection 

has been submitted to the Office of 

Management and Budget (OMB) for 

review and approval. A copy of the 

submission, including copies of the 

proposed collection and supporting 

documentation, may be obtained by 

contacting the agency contact listed 

below. 

DATES: Written comments are 

encouraged and must be received on or 

before January 7, 2013 to be assured of 

consideration. 

ADDRESSES: You may submit comments, 

identified by agency name and proposed 

collection title, ‘‘Clearance for Financial 

Education Program Evaluation’’ to: 

• Agency contact: Consumer 

Financial Protection Bureau (Attention: 

PRA Office), 1700 G Street NW., 

Washington, DC 20552; (202) 435–9011; 

and CFPB_Public_PRA@cfpb.gov. 

• OMB reviewer: Shagufta Ahmed, 

Office of Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503; (202) 395–7873. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be directed to Consumer 

Financial Protection Bureau (Attention: 

PRA Office), 1700 G Street NW., 

Washington, DC 20552, (202) 435–9011, 

or through the internet at 

CFPB_Public_PRA@cfpb.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Clearance for Financial 

Education Program Evaluation. 

OMB Control Number: 3170–XXXX. 

Type of Review: New collection. 

Abstract: Under the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act, Public Law No. 111–203, the 

Bureau’s Office of Financial Education 

(OFE) is responsible for (1) developing 

and implementing a strategy to improve 

the financial literacy of consumers that 

includes measurable goals and 

objectives, in consultation with the 

Financial Literacy and Education 

Commission, consistent with the 

National Strategy for Financial Literacy; 

and (2) developing and implementing 

initiatives intended to educate and 

empower consumers to make better 

informed financial decisions. Together 

with the CFPB’s Office of Research, OFE 

is also responsible for conducting 

‘‘research related to consumer financial 

education and counseling.’’ The 

proposed collection will focus on 

financial education program elements 

related to increasing household nonretirement savings and/or reducing 

financial distress. 

The CFPB expects to collect 

quantitative data through in-person and 

telephone surveys. The information 

collected through quantitative 

evaluation methods will increase OFE’s 

understanding of what financial 

education program elements can 

improve financial decision making 

skills and outcomes for consumers. 

The core objective of the data 

collection is to measure the 

effectiveness of selected financial 

education programs. This data will 

provide useful information on evidencebased practices that can be used to 

improve financial education programs 

nationwide, leading to better financial 

decision-making outcomes for adult 

consumers. 

Affected Public: Individuals. 

Estimated Total Annual Burden 

Hours: Below is an estimate of the 

aggregate burden hours for the 

evaluation of two (2) financial education 

programs. 

Process Number of 

respondents 

Number of 

responses per 

respondent 

Average 

burden per 

response 

(min) 

Total burden 

(hours) 

In-person baseline surveys .............................................................................. 1000 1 10 166.7 

Phone-based follow-up surveys ...................................................................... 800 1 40 533.3 

Total .......................................................................................................... ........................ ........................ ........................ 700 

An agency may not conduct or 

sponsor, and a respondent is not 

required to respond to, an information 

collection unless the information 

collection displays a currently valid 

OMB control number. 

The Bureau issued a 60-day Federal 

Register notice on January 19, 2012, [77 

FR 2684]. Comments were solicited and 

continue to be invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the functions of the Bureau, including 

whether the information shall have 

practical utility; (b) the accuracy of the 

Bureau’s estimate of the burden of the 

collection of information, including the 

validity of the methodology and the 

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, electronic, mechanical, or 

other technological collection 

techniques or other forms of information 

technology. 

Dated: November 28, 2012. 

Chris Willey, 

Chief Information Officer, Bureau of 

Consumer Financial Protection. 

[FR Doc. 2012–29437 Filed 12–5–12; 8:45 am] 

BILLING CODE 4810–AM–P 

DEPARTMENT OF DEFENSE 

Department of the Navy 

Meeting of the Ocean Research 

Advisory Panel 

AGENCY: Department of the Navy, DoD. 

ACTION: Notice of open meeting. 

SUMMARY: The Ocean Research Advisory 

Panel will hold a regularly scheduled 

meeting. The meeting will be open to 

the public. 

DATES: The meeting will be held on 

Monday, January 14, 2013 from 9:00 

a.m. to 5:15 p.m. and Wednesday, 

January 16, 2013 from 9:00 a.m. to 12:10 

mstockstill on DSK4VPTVN1PROD with