[Federal Register Volume 89, Number 200 (Wednesday, October 16, 2024)]
[Notices]
[Page 83467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-23827]



[[Page 83467]]

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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2024-0052]


Agency Information Collection Activities: Comment Request

AGENCY: Consumer Financial Protection Bureau.

ACTION: Notice and request for comment.

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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: <a href="/cdn-cgi/l/email-protection#21626771637e71736061424751430f464e57"><span class="__cf_email__" data-cfemail="fbb8bdabb9a4aba9babb989d8b99d59c948d">[email protected]</span></a>. If you require this 
document in an alternative electronic format, please contact 
<a href="/cdn-cgi/l/email-protection#fdbebbadbfa2bc9e9e988e8e949f9491948984bd9e9b8d9fd39a928b"><span class="__cf_email__" data-cfemail="a7e4e1f7e5f8e6c4c4c2d4d4cec5cecbced3dee7c4c1d7c589c0c8d1">[email protected]</span></a>. 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.
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    \1\ 15 U.S.C. 1667 et seq.
    \2\ 12 CFR 1013.
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    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.
[FR Doc. 2024-23827 Filed 10-15-24; 8:45 am]
BILLING CODE 4810-AM-P


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