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###### Consumer Financial Protection Bureau

          - [Docket No. CFPB-2024-0052]

# 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) requests the extension of the Office of Management and Budget's (OMB's) approval for an existing information collection titled “Consumer Leasing Act (Regulation M)” approved under OMB Control Number 3170-0006.

# DATES:

Written comments are encouraged and must be received on or before November 15, 2024 to be assured of consideration.

# ADDRESSES:

                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to                         *www.reginfo.gov/​public/​do/​PRAMain.*                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function. 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, Paperwork Reduction Act Officer, at (202) 435-7278, or email:                         *CFPB_PRA@cfpb.gov.*                         If you require this document in an alternative electronic format, please contact                         *CFPB_Accessibility@cfpb.gov.*                         Please do not submit comments to these email boxes.                    

# SUPPLEMENTARY INFORMATION:

*Title of Collection:*                     Consumer Leasing Act (Regulation M).                

*OMB Control Number:*                     3170-0006.                

*Type of Review:*                     Extension without change of a currently approved collection.                

*Affected Public:*                     Businesses and other for-profit entities.                

*Estimated Number of Respondents:*                     13,301.                

*Estimated Total Annual Burden Hours:*                     2,062.                

*Abstract:*                     Consumers rely on the disclosures required by the Consumer Leasing Act (CLA) [1]                                          and Regulation M [2]                                          for information to comparison shop among leases as well as to ascertain the true costs and terms of lease offers. Federal/State enforcement and private litigants use the records to ascertain whether accurate and complete disclosures of the cost of leases have been provided to consumers prior to consummation of the lease. This information provides the primary evidence of law violations in CLA enforcement actions brought by Federal agencies. The agency's ability to enforce the CLA would be significantly impaired without Regulation M's recordkeeping requirements.                

*Request for Comments:*                     The CFPB published a 60-day                     **Federal Register**                     notice on July 18, 2024 (89 FR 58354) under Docket Number: CFPB-2024-0030. The CFPB is publishing this notice and soliciting comments 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 reviewed by OMB as part of its review of this request. All comments will become a matter of public record.                

Anthony May,

Paperwork Reduction Act Officer, Consumer Financial Protection Bureau. 

# Footnotes

1.                             15 U.S.C. 1667*et seq.*
        Back to Citation      

2.                             12 CFR 1013.                    
        Back to Citation      

[FR Doc. 2024-23827 Filed 10-15-24; 8:45 am]

BILLING CODE 4810-AM-P