[Federal Register Volume 86, Number 6 (Monday, January 11, 2021)]
[Notices]
[Pages 2032-2033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-00240]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Recordkeeping and Disclosure 
Requirements--Consumer Financial Protection Bureau Regulations B, E, M, 
Z, and DD and Board of Governors of the Federal Reserve System 
Regulation CC

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to comment on the renewal of an information collection, as 
required by the Paperwork Reduction Act of 1995. An agency may not 
conduct or sponsor, and a respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number. The OCC is soliciting 
comment concerning the renewal of an information collection titled, 
``Record and Disclosure Requirements--Consumer Financial Protection 
Bureau Regulations B, E, M, Z, and DD and Board of Governors of the 
Federal Reserve System Regulation CC.'' The OCC also is giving notice 
that it has sent the collection to OMB for review.

DATES: Comments must be submitted on or before February 10, 2021.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#50202231393e363f103f33337e24223531237e373f26"><span class="__cf_email__" data-cfemail="c2b2b0a3abaca4ad82ada1a1ecb6b0a7a3b1eca5adb4">[email protected]</span></a>.
    <bullet> Mail: Chief Counsel's Office, Attention: Comment 
Processing, 1557-0176, Office of the Comptroller of the Currency, 400 
7th Street SW, Suite 3E-218, Washington, DC 20219.
    <bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    <bullet> Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0176'' in your comment. In general, the OCC will publish 
comments on www.reginfo.gov without change, including any business or 
personal information provided, such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-day 
comment period for this notice by the following method:
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    \1\ On October 2, 2020, the OCC published a 60-day notice for 
this information collection, 85 FR 62367.
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    <bullet> Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0176'' or ``Record and Disclosure Requirements--Consumer 
Financial Protection Bureau Regulations B, E, M, Z, and DD and Board of 
Governors of the Federal Reserve System Regulation CC.'' Upon finding 
the appropriate information collection, click on the related ``ICR 
Reference Number.'' On the next screen, select ``View Supporting 
Statement and Other Documents'' and then click on the link to any 
comment listed at the bottom of the screen.
    <bullet> For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer (202) 649-5490, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC asks that OMB renew its approval of 
the following information collection:
    Title: Record and Disclosure Requirements--Consumer Financial 
Protection Bureau Regulations B, E, M, Z, and DD and Board of Governors 
of the Federal Reserve System Regulation CC.
    OMB Control No.: 1557-0176.
    Type of Review: Regular review.
    Description: This information collection covers Consumer Financial 
Protection Board Regulations B, E, M, Z, and DD and Board of Governors 
of the Federal Reserve System (FRB) Regulation CC. The CFPB and FRB 
Regulations include the following provisions:

Regulation B--12 CFR 1002--Equal Credit Opportunity Act

    This regulation prohibits lenders from discriminating against 
credit applicants on certain prohibited bases. The regulation also 
requires creditors to notify applicants of action taken on their credit 
application, to report credit history in the names of both spouses on 
an account, to retain records of credit applications, to collect 
information about the applicant's race and other personal 
characteristics in applications for certain dwelling-related loans, and 
to provide applicants with copies of appraisal reports used in 
connection with credit transactions.

[[Page 2033]]

Regulation E--12 CFR 1005--Electronic Fund Transfers <SUP>2</SUP>
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    \2\ This notice does not apply to the Prepaid Account Provisions 
of Regulation E, which are approved under OMB Control No. 1557-0346.
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    This regulation carries out the purposes of the Electronic Fund 
Transfer Act (15 U.S.C. 1693 et seq.), which establishes the basic 
rights, liabilities, and responsibilities of consumers who use 
electronic fund transfers and remittance transfer services and of 
financial institutions or other persons that offer these services.

Regulation M--12 CFR 1013--Consumer Leasing

    This regulation implements the consumer leasing provisions of the 
Truth in Lending Act, including by requiring meaningful disclosure of 
leasing terms.

Regulation Z--12 CFR 1026--Truth in Lending

    This regulation is intended to promote the informed use of consumer 
credit by requiring disclosures about its terms and cost, including to 
ensure that consumers are provided with greater and more timely 
information on the nature and costs of the residential real estate 
settlement process, and to effect certain changes in the settlement 
process for residential real estate that will result in more effective 
advance disclosure to home buyers and sellers of settlement costs. The 
regulation gives consumers the right to cancel certain credit 
transactions that involve a lien on a consumer's principal dwelling, 
regulates certain credit card practices, and provides a means for fair 
and timely resolution of credit billing disputes. Other provisions 
include rules specific to credit card accounts, certain dwelling-
secured transactions, home-equity plans, and private education loans.

Regulation DD--12 CFR 1030--Truth in Savings

    This regulation requires depository institutions to provide 
disclosures to enable consumers to make meaningful comparisons among 
accounts at depository institutions.

Regulation CC--12 CFR 229--Availability of Funds and Collection of 
Checks

    This regulation includes timeframes to govern the availability of 
funds deposited in checking accounts, rules to govern the collection 
and return of checks and electronic checks, and general provisions to 
govern the use of substitute checks.
    Affected Public: Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 1,110.
    Estimated Annual Burden: 2,937,280 hours.
    Frequency of Response: On occasion.
    Comments: The OCC issued a notice for 60 days of comment on October 
2, 2020, 85 FR 62367. No comments were received. Comments continue to 
be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Bao Nguyen,
Principal Deputy Chief Counsel, Office of the Comptroller of the 
Currency.
[FR Doc. 2021-00240 Filed 1-8-21; 8:45 am]
BILLING CODE 4810-33-P


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