[Federal Register Volume 89, Number 15 (Tuesday, January 23, 2024)]
[Notices]
[Pages 4281-4282]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01230]


=======================================================================
-----------------------------------------------------------------------

CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2024-0004]


Agency Information Collection Activities: Comment Request

AGENCY: Consumer Financial Protection Bureau.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (CFPB) is requesting the 
Office of Management and Budget's (OMB's) approval for a new 
information collection titled ``Auto Finance Data Project.''

DATES: Written comments are encouraged and must be received on or 
before March 25, 2024 to be assured of consideration.

[[Page 4282]]


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:
    <bullet> Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#1c4c4e5d435f7371717972686f5c7f7a6c7e327b736a"><span class="__cf_email__" data-cfemail="b8e8eaf9e7fbd7d5d5ddd6cccbf8dbdec8da96dfd7ce">[email protected]</span></a>. Include Docket No. CFPB-
2024-0004 in the subject line of the email.
    <bullet> Mail/Hand Delivery/Courier: Comment Intake, Consumer 
Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW, 
Washington, DC 20552. Because paper mail in the Washington, DC area and 
at the CFPB is subject to delay, commenters are encouraged to submit 
comments electronically.
    Please note that comments submitted after the comment period will 
not be accepted. In general, all comments received will become public 
records, including any personal information provided. Sensitive 
personal information, such as account numbers or Social Security 
numbers, should not be included.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Anthony May, PRA Officer, at (202) 435-7278 or 
email: <a href="/cdn-cgi/l/email-protection#581b1e081a07080a19183b3e283a763f372e"><span class="__cf_email__" data-cfemail="b8fbfee8fae7e8eaf9f8dbdec8da96dfd7ce">[email protected]</span></a>. If you require this document in an 
alternative electronic format, please contact 
<a href="/cdn-cgi/l/email-protection#43000513011c0220202630302a212a2f2a373a03202533216d242c35"><span class="__cf_email__" data-cfemail="c5868395879a84a6a6a0b6b6aca7aca9acb1bc85a6a3b5a7eba2aab3">[email protected]</span></a>. Please do not submit comments to these 
email boxes.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Auto Finance Data Project.
    OMB Control Number: 3170-00XX.
    Type of Review: New information collection.
    Affected Public: Auto finance companies.
    Estimated Number of Respondents: 4,000.
    Estimated Total Annual Burden Hours: 1,375.
    Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection 
Act charges the CFPB with monitoring for risks to consumers in the 
offering or provision of consumer financial products or services, 
including developments in markets for such products or services. The 
CFPB has previously researched and documented significant gaps in 
available auto finance data which culminated in the initial Auto 
Finance Data Pilot project launched in February 2023. The data 
collected as part of the Auto Finance Data Pilot project both confirmed 
the benefit of additional data collection to fully carry out the CFPB's 
mission, to fulfill the CFPB's mandate to monitor the auto finance 
market for risks to consumers, and to inform the way the CFPB would 
propose to collect data in the future. The CFPB proposes to collect 
data in two separate processes.
    The CFPB proposes to collect a set of data annually from lenders 
that originate greater than 20,000 auto loans in the previous calendar 
year. This data collection would mirror that which was collected in the 
Auto Finance Data Pilot. The CFPB also proposes to collect a set of 
data annually from lenders that originate greater than 500 loans and 
fewer than 20,000 loans in the previous calendar year. This data 
collection would annually collect information on the number of vehicles 
repossessed and the number of loan modifications.
    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the CFPB, including whether the information will have 
practical utility; (b) The accuracy of the CFPB'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 OMB's 
approval. All comments will become a matter of public record.

Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2024-01230 Filed 1-22-24; 8:45 am]
BILLING CODE 4810-AM-P


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>