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[Federal Register Volume 78, Number 153 (Thursday, August 8, 2013)]
[Notices]
[Page 48422]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19010]

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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2013-0026]

Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is proposing a new 
information collection titled, ``Development of Metrics to Measure 
Financial Well-being of Working-age and Older American Consumers.''

DATES: Written comments are encouraged and must be received on or 
before October 7, 2013 to be assured of consideration.

ADDRESSES: You may submit comments, identified by the title of the 
information collection, OMB Control Number (see below), and docket 
number (see above), by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail/Hand Delivery/Courier: Consumer Financial Protection 
Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 
20552.
    Please note that comments submitted by fax or email and those 
submitted after the comment period will not be accepted. In general, 
all comments received will be posted without change to regulations.gov, 
including any personal information provided. Sensitive personal 
information, such as account numbers or social security numbers, should 
not be included.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
this information collection request is available at 
www.regulations.gov. Requests for additional information should be 
directed to the Consumer Financial Protection Bureau, (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or 
email: PRA@cfpb.gov. Please do not submit comments to this mailbox.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Development of Metrics to Measure Financial 
Well-being of Working-age and Older American Consumers.
    OMB Control Number: 3170-XXXX.
    Type of Review: New Collection (Request for a new OMB control 
number).
    Affected Public: Individual or households.
    Estimated Number of Respondents: 16,500.
    Estimated Total Annual Burden Hours: 4,625.
    Abstract: Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act, Public Law 111-203, the Bureau's Office of Financial 
Education is responsible for developing and implementing a strategy to 
improve the financial literacy of consumers that includes measurable 
goals and initiatives, in consultation with the Financial Literacy and 
Education Commission, consistent with the National Strategy for 
Financial Literacy. In addition, the Office of Financial Protection for 
Older Americans within the Bureau is charged with conducting research 
to identify methods and strategies to educate and counsel seniors, and 
developing goals for programs that provide seniors with financial 
literacy and counseling.
    The CFPB intends to collect quantitative data through surveys with 
working-age (age 18-61) and older American (age 62 and older) consumers 
in order to develop and refine survey instruments that will enable the 
CFPB to reliably and accurately measure adult consumers' financial 
well-being. The primary anticipated data collection strategy is through 
Internet-based surveys. The core objective of the data collection is to 
iteratively test, refine, and produce valid and reliable measures of 
consumer financial well-being that will create a strong, standardized 
basis for setting measurable goals, and evaluating financial education 
strategies and programs.
    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the Bureau, including whether the information will 
have practical utility; (b) The accuracy of the Bureau's estimate of 
the burden of the collection of information, including the validity of 
the methods 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 collection techniques or other 
forms of information technology. Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget (OMB) approval. All comments will become a matter 
of public record.

    Dated: July 31, 2013.
Nellisha Ramdass,
Acting Deputy Chief Information Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2013-19010 Filed 8-7-13; 8:45 am]
BILLING CODE 4810-AM-P
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