Federal Register / Vol. 80, No. 63 / Thursday, April 2, 2015 / Notices 17749 

1 12 CFR 1002 (Reg. B) (76 FR 79442, Dec. 21, 

2011); 12 CFR 1005 (Reg. E) (76 FR 81020, Dec. 27, 

2011); 12 CFR 1013 (Reg. M) (76 FR 78500, Dec. 19, 

2011); 12 CFR 1026 (Reg. Z) (76 FR 79768, Dec. 22, 

2011). 

2 Generally, these are dealers ‘‘predominantly 

engaged in the sale and servicing of motor vehicles, 

the leasing and servicing of motor vehicles, or 

both.’’ See Dodd-Frank Act, § 1029(a), –(c). 

3See Dodd-Frank Act, § 1075 (these requirements 

are implemented through Board Regulation II, 12 

CFR 235, rather than EFTA’s implementing 

Regulation E). 

4The CFPB also factored into its burden estimates 

respondents over which it has jurisdiction but the 

FTC does not. 

5See Dodd-Frank Act § 1029 (a), as limited by 

subsection (b). Subsection (b) does not preclude 

CFPB regulatory oversight regarding, among others, 

businesses that extend retail credit or retail leases 

for motor vehicles in which the credit or lease 

offered is provided directly from those businesses, 

rather than unaffiliated third parties, to consumers. 

It is not practicable, however, for PRA purposes, to 

estimate the portion of dealers that engage in one 

form of financing versus another (and that would 

or would not be subject to CFPB oversight). Thus, 

FTC staff’s ‘‘carve-out’’ for this PRA burden analysis 

reflects a general estimated volume of motor vehicle 

dealers. This attribution does not change actual 

enforcement authority. 

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 April 17, 

2015. 

A. Federal Reserve Bank of 

Minneapolis (Jacquelyn K. Brunmeier, 

Assistant Vice President) 90 Hennepin 

Avenue, Minneapolis, Minnesota 

55480–0291: 

1. Elizabeth J. Hyduke-Kelm, Golden 

Valley, Minnesota, individually and as 

co-Trustee of a trust benefiting Elizabeth 

J. Hyduke-Kelm, and Elizabeth J. 

Hyduke-Kelm as co-Trustee of three 

family trusts, Minneapolis, Minnesota; 

and Stephen P. Hyduke, individually 

and as co-Trustee of a trust benefiting 

Stephen P. Hyduke, Minneapolis, 

Minnesota; to each acquire voting shares 

of Duke Financial Group, Inc., 

Minneapolis, Minnesota, and thereby 

indirectly acquire voting shares of 

Peoples Bank of Commerce, Cambridge, 

Minnesota, and State Bank of New 

Prague, New Prague, Minnesota. 

Board of Governors of the Federal Reserve 

System, March 30, 2015. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2015–07556 Filed 4–1–15; 8:45 am] 

BILLING CODE CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’). 

ACTION: Notice. 

SUMMARY: The FTC intends to ask the 

Office of Management and Budget 

(‘‘OMB’’) to extend for an additional 

three years the current Paperwork 

Reduction Act (‘‘PRA’’) clearance for the 

FTC’s enforcement of the information 

collection requirements in four 

consumer financial regulations enforced 

by the Commission. Those clearances 

expire on June 30, 2015. 

DATES: Comments must be filed by June 

1, 2015. 

ADDRESSES: Interested parties may file a 

comment online or on paper, by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Regs BEMZ, PRA 

Comments, P084812’’ on your comment 

and file your comment online at 

https://ftcpublic.commentworks.com/

ftc/RegsBEMZpra by following the 

instructions on the web-based form. If 

you prefer to file your comment on 

paper, mail or deliver your comment to 

the following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW., Suite 

CC–5610 (Annex J), 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 J), 

Washington, DC 20024. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the proposed information 

requirements should be addressed to 

Carole Reynolds or Thomas Kane, 

Attorneys, Division of Financial 

Practices, Bureau of Consumer 

Protection, Federal Trade Commission, 

600 Pennsylvania Ave. NW., 

Washington, DC 20580, (202) 326–3224. 

SUPPLEMENTARY INFORMATION: The four 

regulations covered by this notice are: 

(1) Regulations promulgated under 

the Equal Credit Opportunity Act, 15 

U.S.C. 1691 et seq. (‘‘ECOA’’) 

(‘‘Regulation B’’) (OMB Control Number: 

3084–0087); 

(2) Regulations promulgated under 

the Electronic Fund Transfer Act, 15 

U.S.C. 1693 et seq. (‘‘EFTA’’) 

(‘‘Regulation E’’) (OMB Control Number: 

3084–0085); 

(3) Regulations promulgated under 

the Consumer Leasing Act, 15 U.S.C. 

1667 et seq. (‘‘CLA’’) (‘‘Regulation M’’) 

(OMB Control Number: 3084–0086); and 

(4) Regulations promulgated under 

the Truth-In-Lending Act, 15 U.S.C. 

1601 et seq. (‘‘TILA’’) (‘‘Regulation Z’’) 

(OMB Control Number: 3084–0088). 

The FTC enforces these statutes as to 

all businesses engaged in conduct these 

laws cover unless these businesses 

(such as federally chartered or insured 

depository institutions) are subject to 

the regulatory authority of another 

federal agency. 

Under the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

(‘‘Dodd-Frank Act’’), Public Law 111– 

203, 124 Stat. 1376 (2010), almost all 

rulemaking authority for the ECOA, 

EFTA, CLA, and TILA transferred from 

the Board of Governors of the Federal 

Reserve System (Board) to the Consumer 

Financial Protection Bureau (CFPB) on 

July 21, 2011 (‘‘transfer date’’). To 

implement this transferred authority, 

the CFPB published for public comment 

and issued interim final rules for new 

regulations in 12 CFR part 1002 

(Regulation B), 12 CFR part 1005 

(Regulation E), 12 CFR part 1013 

(Regulation M), and 12 CFR 1026 

(Regulation Z) for those entities under 

its rulemaking jurisdiction.1 Although 

the Dodd-Frank Act transferred most 

rulemaking authority under ECOA, 

EFTA, CLA, and TILA to the CFPB, the 

Board retained rulemaking authority for 

certain motor vehicle dealers 2 under all 

of these statutes and also for certain 

interchange-related requirements under 

EFTA.3

As a result of the Dodd-Frank Act, the 

FTC and the CFPB now share the 

authority to enforce Regulations B, E, M, 

and Z for entities for which the FTC had 

enforcement authority before the Act, 

except for certain motor vehicle dealers. 

Because of this shared enforcement 

jurisdiction, the two agencies have 

divided the FTC’s previously-cleared 

PRA burden between them,4 except that 

the FTC retained all of the part of that 

burden associated with motor vehicle 

dealers (for brevity, referred to in the 

burden summaries below as a ‘‘carveout’’).5 The division of PRA burden 


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6See Dodd-Frank Act, § 1029(a), –(c). 

7PRA ‘‘burden’’ does not include effort expended 

in the ordinary course of business, regardless of any 

regulatory requirement. 5 CFR 1320.3(b)(2). 

8For example, large companies may use 

computer-based and/or electronic means to provide 

required disclosures, including issuing some 

disclosures en masse, e.g., notices of changes in 

terms. Smaller companies may have less automated 

compliance systems but may nonetheless rely on 

electronic mechanisms for disclosures and 

recordkeeping. Regardless of size, some entities 

may utilize compliance systems that are fully 

integrated into their general business operational 

system; if so, they may have minimal additional 

burden. Other entities may have incorporated fewer 

of these approaches into their systems and thus may 

have a higher burden. 

9The Commission generally does not have 

jurisdiction over banks, thrifts, and federal credit 

unions under the applicable regulations. 

10These inputs are based broadly on mean hourly 

data found within the ‘‘Bureau of Labor Statistics, 

Economic News Release,’’ April 1, 2014, Table 1, 

‘‘National employment and wage data from the 

Occupational Employment Statistics survey by 

occupation, May 2013.’’ http://www.bls.gov/

news.release/ocwage.t01.htm. 

11Section 1071 of the Dodd-Frank Act amends 

the ECOA to require financial institutions to collect 

and report information concerning credit 

applications by women- or minority-owned 

businesses and small businesses, effective on the 

July 21, 2011 transfer date. Both the CFPB and the 

Board have exempted affected entities from 

complying with this requirement until a date set by 

the prospective final rules these agencies issue to 

implement the Dodd-Frank Act’s requirements. The 

Commission will address PRA burden for its 

enforcement of these requirements after the CFPB 

and the Board have issued the associated final 

rules. 

hours not attributable to motor vehicle 

dealers is reflected in the CFPB’s PRA 

clearance requests to OMB, as well as in 

the FTC’s burden estimates below. 

As a result of the Dodd-Frank Act, the 

FTC generally has sole authority to 

enforce Regulations B, E, M, and Z 

regarding certain motor vehicle dealers 

predominantly engaged in the sale and 

servicing of motor vehicles, the leasing 

and servicing of motor vehicles, or both, 

that, among other things, assign their 

contracts to unaffiliated third parties.6

Because the FTC has exclusive 

jurisdiction to enforce these rules for 

such motor vehicle dealers and retains 

its concurrent authority with the CFPB 

for other types of motor vehicle dealers, 

and in view of the different types of 

motor vehicle dealers, the FTC is 

including for itself the entire PRA 

burden for all motor vehicle dealers in 

the burden estimates below. 

The regulations impose certain 

recordkeeping and disclosure 

requirements associated with providing 

credit or with other financial 

transactions. Under the PRA, 44 U.S.C. 

3501–3521, Federal agencies must get 

OMB approval for each collection of 

information they conduct or sponsor. 

‘‘Collection of information’’ includes 

agency requests or requirements to 

submit reports, keep records, or provide 

information to a third party. See 44 

U.S.C. 3502(3); 5 CFR 1320.3(c). 

All four of these regulations require 

covered entities to keep certain records, 

but FTC staff believes these records are 

kept in the normal course of business 

even absent the particular 

recordkeeping requirements.7 Covered 

entities, however, may incur some 

burden associated with ensuring that 

they do not prematurely dispose of 

relevant records (i.e., during the time 

span they must retain records under the 

applicable regulation). 

The regulations also require covered 

entities to make disclosures to thirdparties. Related compliance involves 

set-up/monitoring and transactionspecific costs. ‘‘Set-up’’ burden, 

incurred only by covered new entrants, 

includes their identifying the applicable 

required disclosures, determining how 

best to comply, and designing and 

developing compliance systems and 

procedures. ‘‘Monitoring’’ burden, 

incurred by all covered entities, 

includes their time and costs to review 

changes to regulatory requirements, 

make necessary revisions to compliance 

systems and procedures, and to monitor 

the ongoing operation of systems and 

procedures to ensure continued 

compliance. ‘‘Transaction-related’’ 

burden refers to the time and cost 

associated with providing the various 

required disclosures in individual 

transactions. While this burden varies 

with the number of transactions, the 

figures shown for transaction-related 

burden in the tables that follow are 

estimated averages. 

The required disclosures do not 

impose PRA burden on some covered 

entities because they make those 

disclosures in their normal course of 

activities. For other covered entities that 

do not, their compliance burden will 

vary widely depending on the extent to 

which they have developed effective 

computer-based or electronic systems 

and procedures to communicate and 

document required disclosures.8

Calculating the burden associated 

with the four regulations’ disclosure 

requirements is very difficult because of 

the highly diverse group of affected 

entities. The ‘‘respondents’’ included in 

the following burden calculations 

consist of, among others, credit and 

lease advertisers, creditors, owners 

(such as purchasers and assignees) of 

credit obligations, financial institutions, 

service providers, certain government 

agencies and others involved in 

delivering electronic fund transfers 

(‘‘EFTs’’) of government benefits, and 

lessors.9 The burden estimates represent 

FTC staff’s best assessment, based on its 

knowledge and expertise relating to the 

financial services industry. Staff 

considered the wide variations in 

covered entities’ (1) size and location; 

(2) credit or lease products offered, 

extended, or advertised, and their 

particular terms; (3) EFT types used; (4) 

types and frequency of adverse actions 

taken; (5) types of appraisal reports 

utilized; and (6) computer systems and 

electronic features of compliance 

operations. 

The cost estimates that follow relate 

solely to labor costs, and they include 

the time necessary to train employees 

how to comply with the regulations. 

Staff calculated labor costs by 

multiplying appropriate hourly wage 

rates by the burden hours described 

above. The hourly rates used were $56 

for managerial oversight, $42 for skilled 

technical services, and $17 for clerical 

work. These figures are averages drawn 

from Bureau of Labor Statistics data.10

Further, the FTC cost estimates assume 

the following labor category 

apportionments, except where 

otherwise indicated below: 

Recordkeeping—10% skilled technical, 

90% clerical; disclosure—10% 

managerial, 90% skilled technical. 

The applicable PRA requirements 

impose minimal capital or other nonlabor costs. Affected entities generally 

already have the necessary equipment 

for other business purposes. Similarly, 

FTC staff estimates that compliance 

with these rules entails minimal 

printing and copying costs beyond that 

associated with documenting financial 

transactions in the ordinary course of 

business. 

1. Regulation B 

The ECOA prohibits discrimination in 

the extension of credit. Regulation B 

implements the ECOA, establishing 

disclosure requirements to assist 

customers in understanding their rights 

under the ECOA and recordkeeping 

requirements to assist agencies in 

enforcement. Regulation B applies to 

retailers, mortgage lenders, mortgage 

brokers, finance companies, and others. 

Recordkeeping 

FTC staff estimates that Regulation B’s 

general recordkeeping requirements 

affect 530,080 credit firms subject to the 

Commission’s jurisdiction, at an average 

annual burden of 1.25 hours per firm for 

a total of 662,600 hours.11 Staff also 

estimates that the requirement that 

mortgage creditors monitor information 

about race/national origin, sex, age, and 

marital status imposes a maximum 

burden of one minute each (of skilled 


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12Regulation B contains model forms that 

creditors may use to gather and retain the required 

information. 

13 In contrast to banks, for example, entities under 

FTC jurisdiction are not subject to audits for 

compliance with Regulation B; rather they may be 

subject to FTC investigations and enforcement 

actions. This may impact the level of self-testing (as 

specifically defined by Regulation B) in a given 

year, and staff has sought to address such factors 

in its burden estimates. 

14While the rule also requires the creditor to 

provide a short written disclosure regarding the 

appraisal process, the disclosure is now provided 

by the CFPB, and may be classified as a warning 

label supplied by the Federal government. As a 

result, it is not a ‘‘collection of information’’ for 

PRA purposes; it is not, therefore, included in 

burden estimates below. See 5 CFR 1320.3(c)(2), 

and CFPB, Final Rule, Disclosure and Delivery 

Requirements for Copies of Appraisals and Other 

Written Valuations Under the Equal Credit 

Opportunity Act (Regulation B), 78 FR 7216, 7247 

(Jan. 31, 2013). 

15The disclosure may be provided orally or in 

writing. The model form provided by Regulation B 

assists creditors in providing the written disclosure. 

technical time) for approximately 2.9 

million credit applications (based on 

industry data regarding the approximate 

number of mortgage purchase and 

refinance originations), for a total of 

48,333 hours.12 Staff also estimates that 

recordkeeping of self-testing subject to 

the regulation would affect 1,375 firms, 

with an average annual burden of one 

hour (of skilled technical time) per firm, 

for a total of 1,375 hours, and that 

recordkeeping of any corrective action 

as a result of self-testing would affect 

10% of them, i.e., 138 firms, with an 

average annual burden of four hours (of 

skilled technical time) per firm, for a 

total of 552 hours.13 Keeping records of 

race/national origin, sex, age, and 

marital status requires an estimated one 

minute of skilled technical time. 

Recordkeeping for the self-test 

responsibility and of any corrective 

actions requires an estimated one hour 

and four hours, respectively, of skilled 

technical time. 

Disclosure 

Regulation B requires that creditors 

(i.e., entities that regularly participate in 

the decision whether to extend credit 

under Regulation B) provide notices 

whenever they take adverse action, such 

as denial of a credit application. It 

requires entities that extend mortgage 

credit with first liens to provide a copy 

of the appraisal report or other written 

valuation to applicants.14 Finally, 

Regulation B also requires that for 

accounts which spouses may use or for 

which they are contractually liable, 

creditors who report credit history must 

do so in a manner reflecting both 

spouses’ participation. Further, it 

requires creditors that collect applicant 

characteristics for purposes of 

conducting a self-test to disclose to 

those applicants that: (1) Providing the 

information is optional; (2) the creditor 

will not take the information into 

account in any aspect of the credit 

transactions; and (3) if applicable, the 

information will be noted by visual 

observation or surname if the applicant 

chooses not to provide it.15

Burden Totals 

Recordkeeping: 712,860 hours 

(637,310 + 75,550 carve-out for motor 

vehicles); $15,031,620 ($13,550,520 + 

$1,481,100 carve-out for motor 

vehicles), associated labor costs. 

Disclosures: 1,166,563 hours 

(1,036,040 + 130,523 carve-out for motor 

vehicles); $50,628,816 ($44,964,122 + 

$5,664,694 carve-out for motor 

vehicles), associated labor costs. 

REGULATION B—DISCLOSURES—BURDEN HOURS

Disclosures 

Setup/Monitoring 1 Transaction-related 2

Total burden 

(hours) Respondents 

Average 

burden per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 

(minutes) 

Total 

transaction 

burden 

(hours) 

Credit history reporting 132,520 .25 33,130 66,260,000 .25 276,083 309,213 

Adverse action notices 530,000 .75 397,500 106,016,000 .25 441,733 839,293 

Appraisal reports/written valuations ........... 5,000 1 5,000 1,450,000 .50 12,083 17,083 

Self-test disclosures ..... 1,375 .5 688 68,750 .25 286 974 

Total ...................... ........................ ........................ ........................ ........................ ........................ ........................ 1,166,563 

1The estimates assume that all applicable entities would be affected, with respect to appraisal reports and other written valuations (with the 

FTC having approximately one-half of that amount). An increase in burden is noted due to changed rules requiring provision of appraisals reports 

as well as other written valuations, for first lien mortgages. The former ‘‘Appraisal disclosure’’ item was deleted; the information is now supplied 

by the rule. 2The transaction-related figures reflect a decrease in mortgage transactions, compared to prior FTC estimates. The figures assume that approximately three-quarters of applicable mortgage transactions (.75 × 2,900,000, or 2,175,000) would not otherwise provide this information, and 

that another 725,000 transactions (not closed, etc.) would be affected; the FTC would have one-half of the total, or 1,450,000.

REGULATION B—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical 

Total Cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

General recordkeeping 0 $0 66,260 $2,782,920 596,340 $10,137,780 $12,920,700 

Other recordkeeping .... 0 0 48,333 2,029,986 0 0 2,029,986 

Recordkeeping of selftest ............................ 0 0 1,375 57,750 0 0 57,750 

Recordkeeping of corrective action ............ 0 0 552 23,184 0 0 23,184 

Total Recordkeeping .............. ........................ ........................ ........................ ........................ ........................ ........................ 15,031,620 

Disclosures: 

Credit history reporting 30,921 1,731,576 278,292 11,688,264 0 0 13,419,840 

Adverse action notices 83,929 4,700,024 755,364 31,725,288 0 0 36,425,312 


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REGULATION B—RECORDKEEPING AND DISCLOSURES—COST—Continued 

Required task 

Managerial Skilled technical Clerical 

Total Cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Appraisal reports .......... 1708 95,648 15,375 645,750 0 0 741,398 

Self-test disclosure ....... 97 5,432 877 36,834 0 0 42,266 

Total Disclosures .. ........................ ........................ ........................ ........................ ........................ ........................ 50,628,816 

Total Recordkeeping and 

Disclosures ........................ ........................ ........................ ........................ ........................ ........................ 65,660,436 

2. Regulation E 

The EFTA requires that covered 

entities provide consumers with 

accurate disclosure of the costs, terms, 

and rights relating to EFT and certain 

other services. Regulation E implements 

the EFTA, establishing disclosure and 

other requirements to aid consumers 

and recordkeeping requirements to 

assist agencies with enforcement. It 

applies to financial institutions, 

retailers, gift card issuers and others that 

provide gift cards, service providers, 

various federal and state agencies 

offering EFTs, etc. Staff estimates that 

Regulation E’s recordkeeping 

requirements affect 327,460 firms 

offering EFT services to consumers and 

that are subject to the Commission’s 

jurisdiction, at an average annual 

burden of one hour per firm, for a total 

of 327,460 hours. 

Burden Totals 

Recordkeeping: 327,460 hours 

(312,500 + 15,040 carve-out); $6,385,470 

($6,092,190 + $293,280 carve-out), 

associated labor costs. 

Disclosures: 7,179,271 hours 

(7,162,564 + 16,707 carve-out); 

$311,588,696 ($310,863,608 + $725,088 

carve-out), associated labor costs. 

REGULATION E—DISCLOSURES—BURDEN HOURS

Disclosures 

Setup/Monitoring Transaction-related 

Total burden 

(hours) Respondents 

Average 

burden per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 

(minutes) 

Total 

transaction 

burden 

(hours) 

Initial terms ................... 50,000 .5 25,000 500,000 .02 167 25,167 

Change in terms .......... 12,500 .5 6,250 16,500,000 .02 5,500 11,750 

Periodic statements ..... 50,000 .5 25,000 600,000,000 .02 200,000 225,000 

Error resolution ............ 50,000 .5 25,000 500,000 5 41,667 66,667 

Transaction receipts ..... 50,000 .5 25,000 2,500,000,000 .02 833,333 858,333 

Preauthorized transfers 1 ......................... 257,520 .5 128,760 6,438,000 .25 26,825 155,585 

Service provider notices 50,000 .25 12,500 500,000 .25 2,083 14,583 

Govt. benefit notices .... 5,000 .5 2,500 50,000,000 .25 208,333 210,833 

ATM notices ................. 250 .25 63 50,000,000 .25 208,333 208,396 

Electronic check conversion 2 .................... 57,520 .5 28,760 1,150,400 .02 383 29,144 

Payroll cards ................ 125 .5 63 500,000 3 25,000 25,063 

Overdraft services ........ 50,000 .5 25,000 2,500,000 .02 833 25,833 

Gift cards 3 ................... 25,000 .5 12,500 1,250,000,000 .02 416,667 429,167 

Remittance transfers: 4

Disclosures ........... 5,000 1.25 6,250 100,000,000 .9 1,500,000 1,506,250 

Error resolution ..... 5,000 1.25 6,250 125,000,000 .9 1,875,000 1,881,250 

Agent compliance 5,000 1.25 6,250 100,000,000 .9 1,500,000 1,506,250 

Total ............... ........................ ........................ ........................ ........................ ........................ ........................ 7,179,271 

1Preauthorized transfer respondents and transactions have decreased slightly. 

2Electronic check conversion respondents and transactions have decreased slightly. 

3Gift card entities and transactions under FTC jurisdiction (which excludes banks and bank transactions) have decreased. 

4 Remittance transfer respondents now focus primarily on those that may offer services and are responsible for legal requirements (not separate inclusion of their offices). Legal changes have eased compliance, but they require system changes causing an increase in setup burden and 

a decrease in transaction burden. Remittance transfers have increased substantially but error resolutions have increased to a smaller degree due 

to changes in legal requirements. The resulting transaction burden in each category for remittance transfers has increased due to the upswing in 

transaction volume. 


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16Recordkeeping and disclosure burden estimates 

for Regulation M are more substantial for motor 

vehicle leases than for other leases, including 

burden estimates based on market changes and 

regulatory definitions of coverage. As noted above, 

for purposes of burden calculations, and in view of 

the different types of motor vehicle dealers, the FTC 

is including for itself the entire PRA burden for all 

motor vehicle dealers in the burden estimates 

below. 

REGULATION E—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical 

Total cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Recordkeeping ............. 0 $0 32,746 $1,375,332 294,714 $5,010,138 $6,385,470 

Disclosures: 

Initial terms ................... 2,517 140,952 22,650 951,300 0 0 1,092,252 

Change in terms .......... 1,175 65,800 10,750 451,500 0 0 517,300 

Periodic statements ..... 22,500 1,260,000 202,500 8,505,000 0 0 9,765,000 

Error resolution ............ 6,667 373,352 60,000 2,520,000 0 0 2,893,352 

Transaction receipts ..... 85,833 4,806,648 772,500 32,445,000 0 0 37,251,648 

Preauthorized transfers 15,565 871,248 140,027 5,881,134 0 0 6,752,382 

Service provider notices 1,458 81,648 13,125 551,250 0 0 632,898 

Govt. benefit notices .... 21,083 1,180,648 189,750 7,969,500 0 0 9,150,148 

ATM notices ................. 20,840 1,167,040 187,556 7,877,352 0 0 9,044,392 

Electronic check conversion ...................... 2,919 163,184 26,230 1,101,660 0 0 1,264,844 

Payroll cards ................ 2,506 140,336 22,557 947,394 0 0 1,087,730 

Overdraft services ........ 2,583 144,648 23,250 976,500 0 0 1,121,148 

Gift cards ...................... 85,833 2,403,352 386,250 16,222,500 0 0 18,626,852 

Remittance transfers: 

Disclosures ........... 150,625 8,435,000 1,355,625 56,936,250 0 0 65,371,250 

Error resolution ..... 188,125 10,535,000 1,693,125 71,111,250 0 0 81,646,250 

Agent compliance 150,625 8,435,000 1,355,625 56,936,250 0 0 65,371,250 

Total Disclosures .......... ........................ ........................ ........................ ........................ ........................ ........................ 311,588,696 

Total Recordkeeping and 

Disclosures ........................ ........................ ........................ ........................ ........................ ........................ 317,974,166 

3. Regulation M 

The CLA requires that covered 

entities provide consumers with 

accurate disclosure of the costs and 

terms of leases. Regulation M 

implements the CLA, establishing 

disclosure requirements to help 

consumers comparison shop and 

understand the terms of leases and 

recordkeeping requirements. It applies 

to vehicle lessors (such as auto dealers, 

independent leasing companies, and 

manufacturers’ captive finance 

companies), computer lessors (such as 

computer dealers and other retailers), 

furniture lessors, various electronic 

commerce lessors, diverse types of lease 

advertisers, and others. 

Staff estimates that Regulation M’s 

recordkeeping requirements affect 

approximately 32,577 firms within the 

FTC’s jurisdiction leasing products to 

consumers at an average annual burden 

of one hour per firm, for a total of 

32,577 hours. 

Burden Totals 16

Recordkeeping: 32,577 hours (5,000 + 

27,577 carve-out); $635,259 ($97,500 + 

$537,759 carve-out), associated labor 

costs. 

Disclosures: 73,933 hours (2,986 + 

70,947 carve-out); $3,208,702 ($129,598 

+ $3,079,104 carve-out), associated labor 

costs. 

REGULATION M—DISCLOSURES—BURDEN HOURS

Disclosures 

Setup/Monitoring Transaction-related 

Total burden 

(hours) Respondents 

Average 

burder 

per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burdern per 

transaction 

Total 

transaction 

burden 

(hours) 

Motor Vehicle Leases 1 27,577 1 27,577 4,000,000 .50 33,333 60,910 

Other Leases 2 ............. 5,000 .50 2,500 100,000 .25 417 2,917 

Advertising 3 ................. 15,181 .50 7,591 603,490 .25 2,515 10,106 

Total ...................... ........................ ........................ ........................ ........................ ........................ ........................ 73,933 

1This category focuses on consumer vehicle leases. Vehicle leases are subject to more lease disclosure requirements (pertaining to computation of payment obligations) than other lease transactions. (Only consumer leases for more than four months are covered.) See 15 U.S.C. 

1667(1); 12 CFR 1013.2(e)(1). While the number of respondents for vehicle leases has decreased, the number of vehicle lease transactions has 

increased, with market changes, from past FTC estimates. Additionally, leases up to $54,600 (plus an annual adjustment) are now covered. The 

resulting total burden has increased. 


tkelley on DSK3SPTVN1PROD with NOTICES
17754 Federal Register / Vol. 80, No. 63 / Thursday, April 2, 2015 / Notices 

17While Regulation Z also requires the creditor to 

provide a short written disclosure regarding the 

appraisal process for higher-priced mortgage loans, 

the disclosure is now provided by the CFPB, and 

may be classified as a label supplied by the Federal 

government. As a result, it is not a ‘‘collection of 

information’’ for PRA purposes; it is not, therefore, 

included in burden estimates below. See 5 CFR 

1320.3(c)(2), and CFPB, Final Rule, Appraisals for 

Higher-Priced Mortgage Loans, 78 FR 10368, 10430 

(Feb. 13, 2013), and Supplemental Final Rule, 

Appraisals for Higher-Priced Mortgage Loans, 78 FR 

78520, 78575 (Dec. 26, 2013). 

2This category focuses on all types of consumer leases other than vehicle leases. It includes leases for computers, other electronics, small appliances, furniture, and other transactions. (Only consumer leases for more than four months are covered.) See 15 U.S.C. 1667(1); 12 CFR 

1013.2(e)(1). The number of respondents has decreased, based on market changes in companies and types of transactions they offer, and the 

PRA burden sharing with the CFPB; the number of such transactions has also declined, based on types of transactions offered that are covered 

by the CLA. Leases up to $54,600 (plus an annual adjustment) are now covered. The resulting total burden has decreased. 3 Respondents for advertising have increased as have lease advertisements, based on market changes, from past FTC estimates. More types 

of lease advertisements are occurring. The resulting total burden has increased. 

REGULATION M—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical 

Total cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Recordkeeping ............. 0 $0 3,258 $136,836 29,319 $498,423 $635,259 

Disclosures: 

Motor Vehicle Leases .. 6,091 341,096 58,419 2,302,398 0 0 2,643,494 

Other Leases ............... 292 16,352 2,625 110,250 0 0 126,602 

Advertising ................... 1,011 56,616 9,095 381,990 0 0 438,606 

Total Disclosures .. ........................ ........................ ........................ ........................ ........................ ........................ 3,208,702 

Total Recordkeeping and Disclosures ............. ........................ ........................ ........................ ........................ ........................ ........................ 3,843,961 

4. Regulation Z 

The TILA was enacted to foster 

comparison credit shopping and 

informed credit decision making by 

requiring creditors and others to provide 

accurate disclosures regarding the costs 

and terms of credit to consumers. 

Regulation Z implements the TILA, 

establishing disclosure requirements to 

assist consumers and recordkeeping 

requirements to assist agencies with 

enforcement. These requirements 

pertain to open-end and closed-end 

credit and apply to various types of 

entities, including mortgage companies; 

finance companies; auto dealerships; 

private education loan companies; 

merchants who extend credit for goods 

or services; credit advertisers; acquirers 

of mortgages; and others. New 

requirements have been established in 

the mortgage area, including for high 

cost mortgages, higher-priced mortgage 

loans,17 ability to pay of mortgage 

consumers, mortgage servicing, loan 

originators, and certain integrated 

mortgage disclosures. FTC staff estimates that Regulation Z’s 

recordkeeping requirements affect 

approximately 530,080 entities subject 

to the Commission’s jurisdiction, at an 

average annual burden of 1.25 hours per 

entity with .25 additional hours per 

entity for 5,000 entities (ability to pay), 

and 5 additional hours per entity for 

5,000 entities (loan originators). 

Burden Totals 

Recordkeeping: 688,850 hours 

(613,650 + 75,200 carve-out); 

$13,432,575 ($11,966,175 + $1,466,400 

carve-out), associated labor costs. 

Disclosures: 13,008,452 hours 

(11,964,361 + 1,044,091 carve-out); 

$553,563,761 ($508,250,213 + 

$45,313,548 carve-out), associated labor 

costs. 

REGULATION Z—DISCLOSURES—BURDEN HOURS

Disclosures 1

Setup/monitoring Transaction-related 

Total burden 

(hours) Respondents 

Average 

burden per 

respondent 2

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 3

Total 

transaction 

burden 

(hours) 

Open-end credit: 

Initial terms ............................................. 45,000 .75 33,750 20,000,000 .375 125,000 158,750 

Rescission notices 4 ............................... 1,500 .5 750 8,000 .25 33 783 

Subsequent disclosures ......................... 10,000 .75 7,500 62,500,000 .188 195,833 203,333 

Periodic statements ............................... 45,000 .75 33,750 1,750,000,000 .0938 2,735,833 2,769,583 

Error resolution ...................................... 45,000 .75 33,750 4,000,000 6 400,000 433,750 

Credit and charge card accounts .......... 25,000 .75 18,750 12,500,000 .375 78,125 96,875 

Settlement of estate debts ..................... 45,000 .75 33,750 1,000,000 .375 6,250 40,000 

Special credit card requirements ........... 25,000 .75 18,750 12,500,000 .375 78,125 96,875 

Home equity lines of credit 5 .................. 1,500 .5 750 10,000 .25 42 792 

Home equity lines of credit-high cost 

mortgages 6 ........................................ 500 2 1,000 5,000 2 167 1,167 

College student credit card marketing— 

ed. institutions .................................... 2,500 .5 1,250 250,000 .25 1,042 2,292 

College student credit card marketing— 

card issuer reports ............................. 300 .75 225 18,000 .75 225 450 

Posting and reporting of credit card 

agreements ......................................... 25,000 .75 18,750 12,500,000 .375 78,125 96,875 

Advertising ............................................. 100,000 .75 75,000 300,000 .75 3,750 78,750 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 63 / Thursday, April 2, 2015 / Notices 17755 

REGULATION Z—DISCLOSURES—BURDEN HOURS—Continued 

Disclosures 1

Setup/monitoring Transaction-related 

Total burden 

(hours) Respondents 

Average 

burden per 

respondent 2

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 3

Total 

transaction 

burden 

(hours) 

Sale, transfer, or assignment of mortgages 7 ................................................ 1,500 .5 750 1,750,000 .25 7,292 8,042 

Appraiser misconduct reporting ............. 625,000 .75 468,750 12,500,000 .375 78,125 546,875 

Mortgage servicing 8 .............................. 2,500 .5 1,250 500,000 .5 4,167 5,417 

Loan originators 9 ................................... 2,500 2 5,000 25,000 5 2,083 7,083 

Closed-end credit: 

Credit disclosures 10 ............................... 380,080 .75 285,060 163,054,320 2.25 6,108,912 6,399,597 

Rescission notices 11 ............................. 5,000 .5 2,500 7,500,000 1 125,000 127,500 

Redisclosures ......................................... 200,000 .5 100,000 1,000,000 2.25 37,500 137,500 

Integrated mortgage disclosures 12 ........ 5,000 10 50,000 15,000,000 3.5 875,000 925,000 

Variable rate mortgages 13 ..................... 5,000 1 5,000 500,000 1.75 14,583 19,583 

High cost mortgages 14 .......................... 3,000 1 3,000 75,000 2 2,500 5,500 

Higher priced mortgages 15 .................... 3,000 1 3,000 25,000 2 833 3,833 

Reverse mortgages 16 ............................ 7,500 .5 3,750 35,000 1 583 4,333 

Advertising 17 .......................................... 248,360 .5 124,180 2,483,600 1 41,393 165,573 

Private education loans ......................... 100 .5 50 50,000 1.5 1,250 1,300 

Sale, transfer, or assignment of mortgages .................................................. 100,000 .5 50,000 5,000,000 .25 20,833 70,833 

Ability to pay/qualified mortgage 18 ........ 5,000 .75 3,750 0 0 0 3,750 

Appraiser misconduct reporting ............. 625,000 .75 468,750 12,500,000 .375 78,125 546,875 

Mortgage servicing 19 ............................. 5,000 1 5,000 1,000,000 2.25 37,500 42,500 

Loan originators 20 ................................. 2,500 2 5,000 25,000 5 2,083 7,083 

Total open-end credit ...................... ........................ ........................ ........................ ........................ ........................ ........................ 4,547,692 

Total closed-end credit ................... ........................ ........................ ........................ ........................ ........................ ........................ 8,460,760 

Total credit ...................................... ........................ ........................ ........................ ........................ ........................ ........................ 13,008,452 

1 Regulation Z requires disclosures for closed-end and open-end credit. TILA and Regulation Z now cover credit up to $54,600 plus an annual adjustment (except 

that real estate credit and private education loans are covered regardless of amount), generally causing an increase in transactions. In some instances noted below, 

market changes have reduced estimated PRA burden. In other instances noted below, changes to Regulation Z have increased estimated PRA burden. The overall 

effect of these competing factors, combined with the FTC sharing with the CFPB estimated PRA burden (for all but certain motor vehicle dealers) yields a net increase from the FTC’s prior reported estimate for open-end credit and for closed-end credit. 2Burden per respondent in some categories has increased compared to prior FTC estimates, due to changes in rules. 

3Burden per transaction in some categories has increased compared to prior FTC estimates, due to changes in rules. 

4 Respondents for mortgages involving rescission have decreased, as have transactions. 

5 Respondents for home equity lines of credit have decreased, as have transactions. 

6 Regulation Z high cost mortgage rules now cover certain open-end mortgages, and a new counseling rule also applies. 

7 Respondents for sale, transfer or assignment of mortgages have decreased. 

8 Regulation Z has expanded various mortgage servicing requirements for prompt crediting and payoff responses. 

9 Regulation Z includes new loan originator compensation requirements. 

10 Respondents for credit disclosures have decreased, as have transactions. 11 Respondents for mortgages involving rescission have decreased. 12 Regulation Z now has integrated mortgage disclosure requirements for loan estimates and loan closing documents, with other requirements. 13 Respondents for variable rate mortgages have decreased but Regulation Z has expanded mortgage disclosure requirements affecting subsequent disclosures, increasing burden. 14 Regulation Z high rate/high fee mortgages are now called high cost mortgages. Respondents in high cost mortgages have decreased, but the rules cover more 

types of mortgages and include a counseling requirement, increasing burden. However, these types of transactions have decreased, reducing total burden. 15 Respondents for higher priced mortgages have decreased. However, Regulation Z now has certain appraisal requirements for higher-priced mortgages, increasing burden. However, these types of transactions have decreased, reducing total burden. 16 Reverse mortgage respondents and transactions have decreased. 17Advertising respondents have increased, as have transactions, causing an increased total burden. 18 Regulation Z now includes ability to pay rules that affect setup costs. 19 Regulation Z has expanded various mortgage servicing requirements for prompt crediting and payoff responses. It also requires periodic statements (or a coupon 

book, for fixed-rate mortgages). 20 Regulation Z includes new loan originator compensation requirements. 

REGULATION Z—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical 

Total cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Recordkeeping .............................................. 0 $0 68,885 $2,893,170 619,965 $10,539,405 $13,432,575 

Open-end credit Disclosures: 

Initial terms ............................................. 15,875 889,000 142,875 6,000,750 0 0 6,889,750 

Rescission notices ................................. 78 4,368 705 29,610 0 0 33,978 

Subsequent disclosures ......................... 20,333 1,138,648 183,000 7,686,000 0 0 8,824,648 

Periodic statements ............................... 276,958 15,509,648 2,492,625 104,690,250 0 0 120,199,898 

Error resolution ...................................... 43,375 2,429,000 390,375 16,395,750 0 0 18,824,750 

Credit and charge card accounts .......... 9,688 474,712 87,187 2,615,610 0 0 3,090,322 

Settlement of estate debts ..................... 4,000 196,000 36,000 1,080,000 0 0 1,276,000 

Special credit card requirements ........... 9,688 474,712 87,187 2,615,610 0 0 3,090,322 

Home equity lines of credit .................... 458 22,442 4,126 123,780 0 0 146,222 

Home equity lines of credit-high cost 

mortgages ........................................... 117 6,552 1,050 44,100 0 0 50,662 

College student credit card marketing— 

ed institutions ..................................... 229 11,221 2,063 61,890 0 0 73,111 


tkelley on DSK3SPTVN1PROD with NOTICES
17756 Federal Register / Vol. 80, No. 63 / Thursday, April 2, 2015 / Notices 

18 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), CFR 4.9(c), 16 

CFR 4.9(c). 

REGULATION Z—RECORDKEEPING AND DISCLOSURES—COST—Continued 

Required task 

Managerial Skilled technical Clerical 

Total cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

College student credit card marketing— 

card issuer reports ............................. 45 2,205 405 12,150 0 0 14,355 

Posting and reporting of credit card 

agreements ......................................... 9,688 474,712 87,187 2,615,610 0 0 3,090,322 

Advertising ............................................. 7,875 385,875 70,875 2,126,250 0 0 2,512,125 

Sale, transfer, or assignment of mortgages .................................................. 823 40,327 7,407 222,210 0 0 262,537 

Appraiser misconduct reporting ............. 54,687 2,679,663 492,188 14,765,640 0 0 17,445,303 

Mortgage servicing ................................. 542 30,352 4,875 204,750 0 0 235,102 

Loan originators ..................................... 708 39,648 6,375 267,750 0 0 307,398 

Total open-end credit ...................... ........................ ........................ ........................ ........................ ........................ ........................ 186,366,805 

Closed-end credit Disclosures: 

Credit disclosures .................................. 639,960 35,837,760 5,759,637 241,904,754 0 0 277,742,514 

Rescission notices ................................. 12,750 714,000 114,750 4,819,500 0 0 5,533,500 

Redisclosures ......................................... 13,750 770,000 123,750 5,197,500 0 0 5,967,500 

Integrated mortgage disclosures ........... 92,500 5,180,000 832,500 34,965,000 0 0 40,145,000 

Variable rate mortgages ........................ 1,958 109,648 17,625 740,250 0 0 849,898 

High cost mortgages .............................. 550 30,800 4,950 207,900 0 0 238,700 

Higher priced mortgages ....................... 383 21,448 3,450 144,900 0 0 166,348 

Reverse mortgages ................................ 433 24,248 3,900 163,800 0 0 188,048 

Advertising ............................................. 16,557 927,192 149,016 6,258,672 0 0 7,185,864 

Private education loans ......................... 130 7,280 1,170 49,140 0 0 56,420 

Sale, transfer, or assignment of mortgages .................................................. 7,083 396,648 63,750 2,677,500 0 0 3,074,148 

Ability to pay/qualified mortgage ............ 375 21,000 3,375 141,750 0 0 162,750 

Appraiser misconduct reporting ............. 54,687 3,062,472 492,188 20,671,896 0 0 23,734,368 

Mortgage servicing ................................. 4,250 238,000 38,250 1,606,500 0 0 1,844,500 

Loan originators ..................................... 708 39,648 6,375 267,750 0 0 307,398 

Total closed-end credit ................... ........................ ........................ ........................ ........................ ........................ ........................ 367,196,956 

Total Disclosures ............................ ........................ ........................ ........................ ........................ ........................ ........................ 553,563,761 

Total Recordkeeping and Disclosures ............................................ ........................ ........................ ........................ ........................ ........................ ........................ 566,996,336 

Request for Comment: Pursuant to 

Section 3506(c)(2)(A) of the PRA, the 

FTC invites comments on: (1) Whether 

the disclosure requirements are 

necessary, including whether the 

information will be practically useful; 

(2) the accuracy of our burden estimates, 

including whether the methodology and 

assumptions used are useful; (3) ways to 

enhance the quality, utility, and clarity 

of the information to be collected; and 

(4) ways to minimize the burden of 

providing the required information to 

consumers. 

You can file a comment online or on 

paper. For the Commission to consider 

your comment, we must receive it on or 

before June 1, 2015. Write ‘‘Regs BEMZ, 

PRA Comments, P084812’’ 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/

publiccomments.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 

doesn’t include any sensitive health 

information, like medical records or 

other individually identifiable health 

information. In addition, don’t include 

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

financial information . . . which is 

privileged or confidential’’ as provided 

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, don’t 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).18 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/

RegsBEMZpra, by following the 

instructions on the web-based form. 

When 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 ‘‘Regs BEMZ, PRA Comments, 

P084812’’ on your comment and on the 

envelope, and mail or deliver it to the 

following address: Federal Trade 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 63 / Thursday, April 2, 2015 / Notices 17757 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW., Suite 

CC–5610 (Annex J), 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 J), Washington, DC 20024. If 

possible, submit your paper comment to 

the Commission by courier or overnight 

service. 

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 June 1, 2015. For information on 

the Commission’s privacy policy, 

including routine uses permitted by the 

Privacy Act, see http://www.ftc.gov/ftc/ 

privacy.htm. 

David C. Shonka, 

Principal Deputy General Counsel. 

[FR Doc. 2015–07552 Filed 4–1–15; 8:45 am] 

BILLING CODE 6750–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

National Institutes of Health 

Solicitation of Written Comments on 

Draft National Pain Strategy 

SUMMARY: The National Institute of 

Neurological Disorders and Stroke 

(NINDS) Office of Pain Policy is 

soliciting public comment on the draft 

National Pain Strategy. 

DATES: Comments on the draft National 

Pain Strategy must be received no later 

than 5 p.m. EST on May 20, 2015. 

ADDRESSES: The draft National Pain 

Strategy is available at: http:// 

iprcc.nih.gov/docs/ 

DraftHHSNationalPainStrategy.pdf. 

Written comments sent electronically 

are preferred and may be addressed to 

NPSPublicComments@NIH.gov. Written 

responses should be addressed to Linda 

Porter, Ph.D., NINDS/NIH, 31 Center 

Drive, Room 8A31, Bethesda, MD 

20892. 

FOR FURTHER INFORMATION CONTACT: 

Contact Linda Porter, Ph.D., NINDS/ 

NIH, 31 Center Drive, Room 8A31, 

Bethesda, MD 20892, 

porterl@ninds.nih.gov. 

SUPPLEMENTARY INFORMATION: The draft 

National Pain Strategy reflects the work 

of many offices across the Department of 

Health and Human Services, 

Department of Defense, and Department 

of Veterans Affairs. The draft National 

Pain Strategy also reflects input from 

scientific and clinical experts and pain 

patient advocates. It includes objectives 

and plans related to key areas of pain 

and pain care, including professional 

education and training, public 

education and communication, service 

delivery and reimbursement, prevention 

and care, disparities, and population 

research. 

I. Background 

A core recommendation of the 2011 

IOM Report: Relieving Pain in America 

is: ‘‘The Secretary of the Department of 

Health and Human Services should 

develop a comprehensive, population 

health-level strategy for pain 

prevention, treatment, management, 

education, reimbursement, and research 

that includes specific goals, actions, 

time frames, and resources.’’ The IOM 

report highlighted specific objectives for 

the strategy: 

• Describe how efforts across 

government agencies, including publicprivate partnerships, can be established, 

coordinated, and integrated to 

encourage population-focused research, 

education, communication, and 

community-wide approaches that can 

help reduce pain and its consequences 

and remediate disparities in the 

experience of pain among subgroups of 

Americans. 

• Include an agenda for developing 

physiological, clinical, behavioral, 

psychological, outcomes, and health 

services research and appropriate links 

across these domains. 

• Improve pain assessment and 

management programs within the 

service delivery and financing programs 

of the federal government. 

• Proceed in cooperation with the 

Interagency Pain Research Coordinating 

Committee and the National Institutes of 

Health’s Pain Consortium and reach out 

to private-sector participants as 

appropriate. 

• Involve the appropriate agencies 

and entities. 

• Include ongoing efforts to enhance 

public awareness about the nature of 

chronic pain and the role of self-care in 

its management. 

The Department of Health and Human 

Services charged the Interagency Pain 

Research Coordinating Committee 

(IPRCC) with creating a comprehensive 

population health-level strategy to begin 

addressing these objectives. 

II. Information Request 

The NINDS Office of Pain Policy, on 

behalf of DHHS, requests input on the 

draft National Pain Strategy. 

III. Potential Responders 

HHS invites input from a broad range 

of individuals and organizations that 

have interests in advancing the 

fundamental understanding of pain and 

improving pain-related treatment 

strategies. Some examples of these 

organizations include, but are not 

limited to the following: 

• Caregivers or health system providers 

(e.g., physicians, physician assistants, 

nurses, pharmacists) 

• Researchers 

• Foundations 

• Health care, professional, and 

educational organizations/societies 

• Insurers and business groups 

• Medicaid- and Medicare-related 

organizations 

• Patients and their advocates 

• Pharmaceutical Industry 

• Public health organizations 

• State and local public health agencies 

When responding, please self-identify 

with any of the above or other categories 

(include all that apply) and your name. 

Anonymous submissions will not be 

considered. Written materials submitted 

for consideration should not exceed 5 

pages, not including appendices and 

supplemental documents. Responders 

may submit other forms of electronic 

materials to demonstrate or exhibit 

concepts of their written responses. We 

request that comments be identified by 

section, subsection, and page number of 

the draft so they may be addressed 

accordingly. All comments received 

before the close of the comment period 

are available for viewing by the public, 

including any personally identifiable or 

confidential business information that is 

included in a comment. 

Dated: March 25, 2015. 

Walter J. Koroshetz, 

Acting Director, National Institute of 

Neurological Disorders and Stroke, National 

Institutes of Health. 

[FR Doc. 2015–07626 Filed 4–1–15; 8:45 am] 

BILLING CODE CODE 4140–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Food and Drug Administration 

[Docket No. FDA–2015–N–0001] 

Biomedical Engineering Society and 

FDA Frontiers in Medical Devices: 

Innovations in Modeling and 

Simulation 

AGENCY: Food and Drug Administration, 

HHS. 

ACTION: Notice of Public Conference 

The Food and Drug Administration 

(FDA) in co-sponsorship with the 


tkelley on DSK3SPTVN1PROD with NOTICES