4574 Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices 

8 12 U.S.C. 5519; 12 CFR part 213. 

9Public Law 111–203, § 1100E, 124 Stat. 1376 

(2010), amending 15 U.S.C. 1667(1). See 76 FR 

18349, Apr. 4, 2011. 

10 78 FR 70193 (Nov. 25, 2013). This threshold 

adjustment was issued jointly by the Board, for its 

Regulation M at 12 CFR part 213, and the CFPB, for 

its Regulation M at 12 CFR 1013. 

11 79 FR 56482 (Sept. 22, 2014). 

General description of report: This 

information collection is authorized by 

sections 105(a) and 187 of TILA (15 

U.S.C. 1604(a) and 1667f respectively, 

which authorize the Consumer 

Financial Protection Bureau (CFPB) to 

issue regulations to carry out the 

provisions of the Consumer Leasing Act 

(CLA). The CFPB’s Regulation M, 12 

CFR part 1013, implements these 

statutory provisions. An institution’s 

recordkeeping and disclosure 

obligations under Regulation M are 

mandatory. Because the Federal Reserve 

does not collect any information 

pursuant to the CFPB’s Regulation M, 

no issue of confidentiality normally 

arises. Furthermore, the lease 

information regarding individual leases 

with consumers is confidential between 

the institution and the consumer. In the 

event the Board were to retain regarding 

consumer leases during the course of an 

examination, the information regarding 

the consumer and the lease would be 

kept confidential pursuant to section 

(b)(8) of the Freedom of Information Act 

(5 U.S.C. 522 (b)(8)). 

Abstract: The CLA and Regulation M 

are intended to provide consumers with 

meaningful disclosures about the costs 

and terms of leases for personal 

property. The disclosures enable 

consumers to compare the terms for a 

particular lease with those for other 

leases and, when appropriate, to 

compare lease terms with those for 

credit transactions. The CLA and 

Regulation M also contain rules about 

advertising consumer leases and limit 

the size of balloon payments in 

consumer lease transactions. 

The CFPB’s Regulation M applies to 

all types of lessors of personal property 

(except motor vehicle dealers excluded 

from the Bureau’s authority under 

Dodd-Frank Act section 1029, which are 

covered by the Board’s Regulation M 8). 

The CLA and Regulation M require 

lessors to disclose to consumers 

uniformly the costs, liabilities, and 

terms of consumer lease transactions. 

Disclosures are provided to consumers 

before they enter into lease transactions 

and in advertisements that state the 

availability of consumer leases on 

particular terms. The regulation 

generally applies to consumer leases of 

personal property in which the 

contractual obligation does not exceed 

$53,500 and has a term of more than 

four months. The CLA does not provide 

exemptions for small entities. 

In April 2011, shortly before primary 

rule writing authority for the CLA 

transferred to the CFPB, the Board 

published a final rule that established a 

new dollar threshold for lease 

transactions subject to Regulation M, 

implementing an amendment to the 

CLA by the Dodd-Frank Act.9 This 

amendment increased the dollar 

threshold for lease contracts subject to 

the CLA and Regulation M from $25,000 

to $50,000. The amendment also 

required that this threshold be adjusted 

annually for inflation by the annual 

percentage increase in the Consumer 

Price Index for Urban Wage Earners and 

Clerical Workers (CPI–W), as published 

by the Bureau of Labor Statistics. For 

2014, the Regulation M threshold is 

$53,500,10 which will be increased to 

$54,600 effective January 1, 2015.11

Board of Governors of the Federal Reserve 

System, January 21, 2015. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2015–01521 Filed 1–27–15; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

notices are set forth in paragraph 7 of 

the Act (12 U.S.C. 1817(j)(7)). 

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the offices of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than February 

12, 2015. 

A. Federal Reserve Bank of Richmond 

(Adam M. Drimer, Assistant Vice 

President) 701 East Byrd Street, 

Richmond, Virginia 23261–4528: 

1. Richard T. Spurzem, 

Charlottesville, Virginia; to acquire 

voting shares of Blue Ridge Bankshares, 

Inc., and thereby indirectly acquire 

voting shares of Blue Ridge Bank, Inc., 

both in Luray, Virginia. 

B. Federal Reserve Bank of St. Louis 

(Yvonne Sparks, Community 

Development Officer) P.O. Box 442, St. 

Louis, Missouri 63166–2034: 

1. SABCO Irrevocable Stock 

Ownership Trust, with Guy Richard 

Smith and Raymond Tracy Fox as cotrustees, all of Hot Springs Arkansas; to 

acquire voting shares of Smith 

Associated Banking Corporation, Hot 

Springs, Arkansas, and thereby 

indirectly acquire voting shares of Bank 

of Salem, Salem, Arkansas, and Security 

Bank, Stephens, Arkansas. 

C. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. John Creighton, Longmont, 

Colorado, individually and as trustee of 

High Plains Banking Group, Inc. KSOP; 

T. Rick Newton and Frederick Newton, 

both of Snowmass, Colorado; Landon 

Newton, Somerville, Massachusetts; and 

Betty Mickey, Fort Collins, Colorado; all 

to become members of the Creighton 

Family Group acting in concert, to 

acquire voting shares of High Plains 

Banking Group, Inc., and thereby 

indirectly acquire voting shares of High 

Plains Bank, both in Flagler, Colorado. 

Board of Governors of the Federal Reserve 

System, January 23, 2015. 

Margaret McCloskey Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2015–01543 Filed 1–27–15; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

notices are set forth in paragraph 7 of 

the Act (12 U.S.C. 1817(j)(7)). 

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the offices of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than February 

10, 2015. 

A. Federal Reserve Bank of Dallas (E. 

Ann Worthy, Vice President) 2200 

North Pearl Street, Dallas, Texas 75201– 

2272: 

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Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices 4575 

1 In particular, the written request for confidential 

treatment that accompanies the comment must 

include the factual and legal basis for the request, 

and must identify the specific portions of the 

comment to be withheld from the public record. See 

FTC Rule 4.9(c), 16 CFR § 4.9(c). 

1. Ben J. Scott, Coleman, Texas, 

individually and as co-trustee of 

Coleman Bancshares, Inc., Employee 

Stock Ownership Plan, Coleman, Texas; 

Reave Jay Scott, Abilene, Texas; and 

David or Amy Scott, Georgetown, Texas, 

collectively a group acting in concert, to 

retain 10 percent or more of Coleman 

Bancshares, Inc., Coleman, Texas, and 

thereby indirectly control of Coleman 

County State Bank, Coleman, Texas. 

Board of Governors of the Federal Reserve 

System, January 22, 2015. 

Michael J. Lewandowski, 

Assistant Secretary of the Board. 

[FR Doc. 2015–01520 Filed 1–27–15; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

[File No. 122 3153] 

Focus Education, LLC; Analysis of 

Proposed Consent Order To Aid Public 

Comment 

AGENCY: Federal Trade Commission. 

ACTION: Proposed Consent Agreement. 

SUMMARY: The consent agreement in this 

matter settles alleged violations of 

federal law prohibiting deceptive acts or 

practices. The attached Analysis to Aid 

Public Comment describes both the 

allegations in the draft complaint and 

the terms of the consent order— 

embodied in the consent agreement— 

that would settle these allegations. 

DATES: Comments must be received on 

or before February 20, 2015. 

ADDRESSES: Interested parties may file a 

comment at https://ftcpublic.comment

works.com/FTC/focuseduconsent/ 

online or on paper, by following the 

instructions in the Request for Comment 

part of the SUPPLEMENTARY INFORMATION

section below. Write ‘‘Focus Education, 

LLC—Consent Agreement; File No. 122 

3153’’ on your comment and file your 

comment online at https://ftcpublic.

commentworks.com/FTC/focus

educonsent/ by following the 

instructions on the web-based form. If 

you prefer to file your comment on 

paper, write ‘‘Focus Education, LLC— 

Consent Agreement; File No. 122 3153’’ 

on your comment and on the envelope, 

and mail your comment to the following 

address: Federal Trade Commission, 

Office of the Secretary, 600 

Pennsylvania Avenue NW., Suite CC– 

5610 (Annex D), Washington, DC 20580, 

or deliver your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

Constitution Center, 400 7th Street SW., 

5th Floor, Suite 5610 (Annex D), 

Washington, DC 20024. 

FOR FURTHER INFORMATION CONTACT: 

Annette Soberats, Bureau of Consumer 

Protection, (202–326–2921), 600 

Pennsylvania Avenue NW., Washington, 

DC 20580. 

SUPPLEMENTARY INFORMATION: Pursuant 

to Section 6(f) of the Federal Trade 

Commission Act, 15 U.S.C. 46(f), and 

FTC Rule 2.34, 16 CFR § 2.34, notice is 

hereby given that the above-captioned 

consent agreement containing consent 

order to cease and desist, having been 

filed with and accepted, subject to final 

approval, by the Commission, has been 

placed on the public record for a period 

of thirty (30) days. The following 

Analysis to Aid Public Comment 

describes the terms of the consent 

agreement, and the allegations in the 

complaint. An electronic copy of the 

full text of the consent agreement 

package can be obtained from the FTC 

Home Page (for January 20, 2015), on 

the World Wide Web, at http://www.ftc.

gov/os/actions.shtm. 

You can file a comment online or on 

paper. For the Commission to consider 

your comment, we must receive it on or 

before February 20, 2015. Write ‘‘Focus 

Education, LLC—Consent Agreement; 

File No. 122 3153’’ on your comment. 

Your comment—including your name 

and your state—will be placed on the 

public record of this proceeding, 

including, to the extent practicable, on 

the public Commission Web site, at 

http://www.ftc.gov/os/public

comments.shtm. As a matter of 

discretion, the Commission tries to 

remove individuals’ home contact 

information from comments before 

placing them on the Commission Web 

site. 

Because your comment will be made 

public, you are solely responsible for 

making sure that your comment does 

not include any sensitive personal 

information, like anyone’s Social 

Security number, date of birth, driver’s 

license number or other state 

identification number or foreign country 

equivalent, passport number, financial 

account number, or credit or debit card 

number. You are also solely responsible 

for making sure that your comment does 

not include any sensitive health 

information, like medical records or 

other individually identifiable health 

information. In addition, do not include 

any ‘‘[t]rade secret or any commercial or 

financial information which . . . is 

privileged or confidential,’’ as discussed 

in Section 6(f) of the FTC Act, 15 U.S.C. 

46(f), and FTC Rule 4.10(a)(2), 16 CFR 

§ 4.10(a)(2). In particular, do not include 

competitively sensitive information 

such as costs, sales statistics, 

inventories, formulas, patterns, devices, 

manufacturing processes, or customer 

names. 

If you want the Commission to give 

your comment confidential treatment, 

you must file it in paper form, with a 

request for confidential treatment, and 

you have to follow the procedure 

explained in FTC Rule 4.9(c), 16 CFR 

§ 4.9(c).1 Your comment will be kept 

confidential only if the FTC General 

Counsel, in his or her sole discretion, 

grants your request in accordance with 

the law and the public interest. 

Postal mail addressed to the 

Commission is subject to delay due to 

heightened security screening. As a 

result, we encourage you to submit your 

comments online. To make sure that the 

Commission considers your online 

comment, you must file it at https://

ftcpublic.commentworks.com/FTC/

focuseduconsent/ by following the 

instructions on the web-based form. If 

this Notice appears at http://www.

regulations.gov/#!home, you also may 

file a comment through that Web site. 

If you file your comment on paper, 

write ‘‘Focus Education, LLC—Consent 

Agreement; File No. 122 3153’’ on your 

comment and on the envelope, and mail 

your comment to the following address: 

Federal Trade Commission, Office of the 

Secretary, 600 Pennsylvania Avenue 

NW., Suite CC–5610 (Annex D), 

Washington, DC 20580, or deliver your 

comment to the following address: 

Federal Trade Commission, Office of the 

Secretary, Constitution Center, 400 7th 

Street SW., 5th Floor, Suite 5610 

(Annex D), Washington, DC 20024. If 

possible, submit your paper comment to 

the Commission by courier or overnight 

service. 

Visit the Commission Web site at 

http://www.ftc.gov to read this Notice 

and the news release describing it. The 

FTC Act and other laws that the 

Commission administers permit the 

collection of public comments to 

consider and use in this proceeding as 

appropriate. The Commission will 

consider all timely and responsive 

public comments that it receives on or 

before February 20, 2015. You can find 

more information, including routine 

uses permitted by the Privacy Act, in 

the Commission’s privacy policy, at 

http://www.ftc.gov/ftc/privacy.htm. 

Analysis of Proposed Consent Order To 

Aid Public Comment 

The Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’) has accepted, 

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