This section of the FEDERAL REGISTER

contains notices to the public of the proposed

issuance of rules and regulations. The

purpose of these notices is to give interested

persons an opportunity to participate in the

rule making prior to the adoption of the final

rules.

Proposed Rules Federal Register

14700 

Vol. 77, No. 49 

Tuesday, March 13, 2012 

1 76 FR 75825. 

2Letter to David Silberman (Feb. 10, 2012), 

signed by representatives of the ABA Center for 

Regulatory Compliance, Consumer Bankers Assn., 

American Financial Services Assn., Consumer 

Mortgage Coalition, Center for Responsible Lending, 

Financial Services Roundtable, Clearing House 

Assn., Mortgage Bankers Assn., and National 

Consumer Law Center. 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

12 CFR Chapter X 

[Docket No. CFPB–2011–0039] 

Streamlining Inherited Regulations 

AGENCY: Bureau of Consumer Financial 

Protection. 

ACTION: Notice of streamlining project; 

request for information; extension of 

comment response period. 

SUMMARY: On December 5, 2011, the 

Bureau of Consumer Financial 

Protection (the Bureau) published in the 

Federal Register a notice and request for 

information requesting specific 

suggestions from the public for 

streamlining regulations it recently 

inherited from other Federal agencies 

(the Streamlining Notice) The 

Streamlining Notice provided for a twostage comment process. Initial 

comments were due March 5, 2012. The 

Notice then allowed a 30-day period, 

closing on April 3, 2012, for submitting 

responses to the comments filed. Due to 

the likely number and complexity of the 

comments submitted in the first round 

and to allow parties more time to 

consider and craft their responses to 

those initial submissions, the Bureau 

has determined that an extension of the 

comment reply period until June 4, 

2012, is appropriate. This action will 

allow interested persons more time to 

analyze the submitted comments and 

prepare their responses. However, the 

initial comment period is still closed as 

of March 5, 2012. 

DATES: The comment reply period for 

the Streamlining Notice published 

December 5, 2011, at 76 FR 75825, is 

extended. Although initial comments on 

streamlining the inherited regulations 

must have been received on or before 

the original date of March 5, 2012, 

responses to those comments now must 

be received on or before June 4, 2012. 

ADDRESSES: You may submit comments 

or responses by any of the methods 

identified in the Streamlining Notice. 

Please submit your comments or 

responses using only one method. 

FOR FURTHER INFORMATION CONTACT: Jane 

Gell, Senior Counsel and Special 

Advisor; Joseph Devlin, Regulations 

Counsel, Research, Markets & 

Regulations Division, Bureau of 

Consumer Financial Protection, (202) 

435–7700. 

SUPPLEMENTARY INFORMATION: On 

December 5, 2011, the Bureau published 

the Streamlining Notice in the Federal 

Register.1 The Streamlining Notice 

requested specific suggestions from the 

public for streamlining regulations the 

Bureau recently inherited from other 

Federal agencies. It asked commenters 

to identify provisions of the inherited 

regulations that the Bureau should make 

the highest priority for updating, 

modifying, or eliminating because they 

are outdated, unduly burdensome, or 

unnecessary. The Streamlining Notice 

also discussed several specific 

requirements that might warrant review, 

and sought suggestions for practical 

measures to make complying with the 

regulations easier. The Streamlining 

Notice provided for a two-stage 

comment process—an initial comment 

period followed by a period in which 

responses to the initial comments could 

be submitted. The initial comment 

period for the Notice was to close on 

March 5, 2012. The period for 

submitting responses to the comments 

was to close on April 3, 2012. 

The Bureau received a joint request 

from several industry and consumer 

advocacy groups for an extension of the 

second stage of the Streamlining Notice 

comment process, the reply period.2

The joint request letter stated that a 

large number of first-round comments 

were anticipated and 30 days was not an 

adequate time period for responding to 

them. The letter pointed out that 

‘‘reviewing, assimilating, and 

thoughtfully responding to these 

comments will take time.’’ The letter 

went on to suggest that ‘‘providing 

adequate time during the reply period 

[might] encourage the identification and 

development of areas of consensus 

among consumer and industry groups 

that ultimately would facilitate and 

accelerate the Bureau’s ability to 

execute on common concerns, and 

perhaps common solutions.’’ 

For the reasons described in the joint 

request for an extension, the Bureau is 

extending the period allotted for reply 

to initial comments received pursuant to 

the Streamlining Notice. The reply 

period will now close on June 4, 2012. 

The initial comment period is 

unchanged, with a close of March 5, 

2012. 

Dated: March 6, 2012. 

Richard Cordray, 

Director, Bureau of Consumer Financial 

Protection. 

[FR Doc. 2012–5933 Filed 3–12–12; 8:45 am] 

BILLING CODE 3180–AM–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket No. USCG–2012–0137] 

RIN 1625–AA00 

Safety Zones; Swim Around 

Charleston, Charleston, SC 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: The Coast Guard proposes to 

establish temporary moving safety zones 

during the Swim Around Charleston, a 

swimming race occurring on the Wando 

River, the Cooper River, Charleston 

Harbor, and the Ashley River, in 

Charleston, South Carolina. The Swim 

Around Charleston is scheduled to take 

place on Sunday, September 23, 2012. 

The temporary safety zones are 

necessary for the safety of the 

swimmers, participant vessels, 

spectators, and the general public 

during the event. Persons and vessels 

would be prohibited from entering, 

transiting through, anchoring in, or 

remaining within the safety zones 

unless authorized by the Captain of the 

Port Charleston or a designated 

representative. 

DATES: Comments and related material 

must be received by the Coast Guard on 

or before July 11, 2012. Requests for 


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