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[Federal Register Volume 78, Number 248 (Thursday, December 26, 2013)]
[Notices]
[Pages 78341-78342]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30728]

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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2013-0037]

Agency Information Collection Activities: Submission for OMB 
Review; 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 January 27, 2014 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.

[[Page 78342]]

    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.reginfo.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 email box.

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: Individuals 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 No. 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 Bureau 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 Bureau 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: The Bureau issued a 60-day Federal Register 
notice on August 8, 2013, (78 FR 48422). 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 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: December 19, 2013.
Ashwin Vasan,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2013-30728 Filed 12-24-13; 8:45 am]
BILLING CODE 4810-AM-P
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