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[Federal Register Volume 77, Number 74 (Tuesday, April 17, 2012)]
[Notices]
[Page 22764]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-9152]

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BUREAU OF CONSUMER FINANCIAL PROTECTION

Submission for OMB Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comments.

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SUMMARY: The Bureau of Consumer Financial Protection (Bureau), as part 
of its continuing effort to reduce paperwork and respondent burden, 
invites the general public and other Federal agencies to take this 
opportunity to comment on proposed and/or continuing information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments 
regarding the information collection requirements relating to the Fair 
Credit Reporting Act regulations that have been submitted to the Office 
of Management and Budget for review and approval. A copy of the 
submission, including copies of the proposed collection and supporting 
documentation, may be obtained by contacting the agency contact listed 
below.

DATES: Written comments are encouraged and must be received on or 
before May 17, 2012 to be assured of consideration.

ADDRESSES: You may submit comments, identified by OMB number 3170-0002, 
by any of the following methods:
     Agency Contact: Consumer Financial Protection Bureau 
(Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 
435-7741: [email protected].
     OMB Reviewer: Shagufta Ahmed, Office of Management and 
Budget, New Executive Office Building, Room 10235, Washington, DC 
20503; (202) 395-7873.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Joseph Durbala, (202) 435-7893, at the Consumer 
Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office) 
1700 G Street, NW., Washington, DC 20552, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Fair Credit Reporting Act (Regulation V) 12 CFR 1022.
    OMB Control Number: 3170-0002.
    Abstract: The consumer disclosures included in Regulation V are 
designed to alert consumers that a financial institution furnished 
negative information about them to a consumer reporting agency, that 
they have a right to opt out of receiving marketing materials and 
credit or insurance offers, that their credit report was used in 
setting the material terms of credit that may be less favorable than 
the terms offered to consumers with better credit histories, that they 
maintain certain rights with respect to a theft of their identity that 
they reported to a consumer reporting agency, that they maintain rights 
with respect to knowing what is in their consumer reporting agency 
file, that they can request a free credit report, and that they can 
report a theft of their identity to the CFPB. Consumers then can use 
the information provided to consider how and when to check and use 
their credit reports.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Businesses and other for-profit.
    Estimated Number of Responses: 13,630,000.
    Estimated Time per Response: 21 minutes.
    Estimated Total Annual Burden Hours: 4,736,000.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-9152 Filed 4-16-12; 8:45 am]
BILLING CODE 4810-AM-P
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