This section of the FEDERAL REGISTER

contains documents other than rules or

proposed rules that are applicable to the

public. Notices of hearings and investigations,

committee meetings, agency decisions and

rulings, delegations of authority, filing of

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examples of documents appearing in this

section.

Notices Federal Register

71932 

Vol. 76, No. 224 

Monday, November 21, 2011 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

[Docket No. 2011–CFPB] 

Proposed Collection; Comment 

Request 

ACTION: Notice and request for comment. 

SUMMARY: The Bureau of Consumer 

Financial Protection (Bureau or CFPB), 

as part of its continuing effort to reduce 

paperwork burdens, invites the general 

public and other Federal agencies to 

comment on a proposed information 

collection, as required by the Paperwork 

Reduction Act of 1995, Public Law 104– 

13. The Bureau is soliciting comments 

regarding the information collection 

requirements contained in 12 CFR Part 

1082, State Official Notification Rules. 

DATES: Written comments must be 

received on or before January 20, 2012 

to be assured of consideration. 

ADDRESSES: You may submit comments, 

identified by Docket No. CFPB–2011– 

0038, by any of the following methods: 

• Electronic: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• Mail: Monica Jackson, Office of the 

Executive Secretary, Bureau of 

Consumer Financial Protection, 1500 

Pennsylvania Ave, NW., (Attn: 1801 L 

Street), Washington, DC 20220. 

• Hand Delivery/Courier in Lieu of 

Mail: Monica Jackson, Office of the 

Executive Secretary, Bureau of 

Consumer Financial Protection, 1700 G 

Street NW., Washington, DC 20006. 

All submissions must include the 

agency name and docket number. In 

general, all comments received will be 

posted without change to http:// 

www.regulations.gov. In addition, 

comments will be available for public 

inspection and copying at 1700 G Street 

NW., Washington DC 20006, on official 

business days between the hours of 

10 a.m. and 5 p.m. Eastern Time. You 

can make an appointment to inspect the 

documents by telephoning (202) 435– 

7275. All comments, including 

attachments and other supporting 

materials, will become part of the public 

record and subject to public disclosure. 

Sensitive personal information, such as 

account numbers or social security 

numbers, should not be included. 

Comments will not be edited to remove 

any identifying or contact information. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be directed to Ethan Levisohn, 

Office of Enforcement, at (202) 435– 

7055. 

SUPPLEMENTARY INFORMATION: 

Title: CFPB State Official Notification 

Rules. 

OMB Control Number: 1505–0237. 

Abstract: Section 1042 of the DoddFrank Wall Street Reform and Consumer 

Protection Act (Dodd-Frank Act), Public 

Law 111–203, requires the Bureau to 

prescribe rules establishing procedures 

that govern the process, described in 

Section 1042(b) of the Dodd-Frank Act, 

by which state officials notify the CFPB 

of actions or proceedings undertaken 

pursuant to the authority granted in 

section 1042(a) to enforce the DoddFrank Act or regulations prescribed 

thereunder. In accordance with the 

requirements of the Dodd-Frank Act, the 

Bureau has proposed an interim final 

rule establishing that notice should be 

provided at least 10 days before the 

filing of an action, with certain 

exceptions, and setting forth a limited 

set of information which is to be 

provided with the notice (which 

substantially tracks the statutory 

language). The data will be received 

each time a state official files an action 

to enforce the Dodd-Frank Act or a 

regulation promulgated thereunder. It 

will be collected by the Bureau (through 

electronic mail submissions), and 

specifically by the Office of 

Enforcement and the Executive 

Secretary, who will share it as necessary 

and appropriate within the Bureau and 

elsewhere in government, pursuant to 

the process set out in the rules. It will 

also be collected by the prudential 

regulators (through postal mail or 

electronic mail submissions) where 

relevant. Unless used as part of a legal 

proceeding in which the Bureau is 

engaged, it is not expected that the 

information will be shared with the 

public, unless the information is already 

made public by the state official 

providing the notice. 

As discussed, the information 

provided in the notice will be used by 

the Bureau (and prudential regulators, 

where relevant) to stay informed about 

the enforcement activities of state 

officials enforcing the Dodd-Frank Act 

and to decide when and how, if at all, 

to react to such activities. 

Type of Review: Renewal. 

Affected Public: State or Local 

Governments. 

Estimated Total Annual Burden 

Hours: The information sent under the 

notice provisions of the rule is primarily 

information which the state officials 

providing the notice would have already 

collected and have available at the time 

notice is given. It is unlikely that 

compiling and sending the requested 

information would require more than 30 

minutes of additional work. As this is a 

new area of law, at this time, it would 

be impossible to estimate the number of 

actions which state officials will file 

under the Dodd-Frank Act and, 

accordingly, the number of notices 

which the CFPB will receive. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for Office of Management and 

Budget approval. All comments will 

become a matter of public record. The 

public is invited to submit written 

comments concerning: (a) Whether the 

collection of information associated 

with the State Official Notification 

Rules is necessary for the proper 

performance of the Bureau, including 

whether the information will have 

practical utility; (b) the accuracy of the 

above estimate of the burden of the 

information collection, including the 

validity of the methodology and 

assumptions used; (c) ways to enhance 

the quality, usefulness, 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. 

Robert Dahl, 

PRA Departmental Clearance Officer, 

Department of the Treasury. 

[FR Doc. 2011–29996 Filed 11–18–11; 8:45 am] 

BILLING CODE 4810–AM–P 


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