[Federal Register Volume 87, Number 37 (Thursday, February 24, 2022)]
[Notices]
[Pages 10365-10366]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03914]


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FEDERAL TRADE COMMISSION


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request

AGENCY: Federal Trade Commission (FTC).

ACTION: Notice and request for comment.

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SUMMARY: The FTC requests that the Office of Management and Budget 
(OMB) extend for three years the current Paperwork Reduction Act (PRA) 
clearance for information collection requirements contained in the 
agency's shared enforcement with the Consumer Financial Protection 
Bureau (CFPB) of subpart N of the CFPB's Regulation V (Rule). That 
clearance expires on February 28, 2022.

DATES: Comments must be received by March 28, 2022.

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

[[Page 10366]]

information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. The 
reginfo.gov web link is a United States Government website produced by 
OMB and the General Services Administration (GSA). Under PRA 
requirements, OMB's Office of Information and Regulatory Affairs (OIRA) 
reviews Federal information collections.

FOR FURTHER INFORMATION CONTACT: Ryan Mehm, Attorney, Bureau of 
Consumer Protection, (202) 326-2918, Federal Trade Commission, 600 
Pennsylvania Ave. NW, Washington, DC 20580.

SUPPLEMENTARY INFORMATION: 
    Title: Regulation V, Subpart N (12 CFR 1022.130-1022.138).
    OMB Control Number: 3084-0128.
    Type of Review: Extension of a currently approved collection.
    Annual Burden: After halving the updated estimates to split the PRA 
burden with the CFPB regarding the Rule, the FTC's burden totals are 
192,722 hours, $4,072,801 in associated labor costs, and $6,227,100 in 
non-labor/capital costs.
    Abstract: The FTC shares enforcement authority with the CFPB for 
subpart N of Regulation V. Subpart N requires nationwide consumer 
reporting agencies and nationwide consumer specialty reporting agencies 
to provide to consumers, upon request, one free file disclosure within 
any 12-month period. Generally, it requires the nationwide consumer 
reporting agencies, as defined in Section 603(p) of the Fair Credit 
Reporting Act (FCRA), 15 U.S.C. 1681a(p), to create and operate a 
centralized source that provides consumers with the ability to request 
their free annual file disclosures from each of the nationwide consumer 
reporting agencies through a centralized internet website, toll-free 
telephone number, and postal address. Subpart N also requires the 
nationwide consumer reporting agencies to establish a standardized form 
for internet and mail requests for annual file disclosures, and 
provides a model standardized form that may be used to comply with that 
requirement. It additionally requires nationwide specialty consumer 
reporting agencies, as defined in Section 603(w) of the FCRA, 15 U.S.C. 
1681a(w), to establish a streamlined process for consumers to request 
annual file disclosures. This streamlined process must include a toll-
free telephone number for consumers to make such requests.
    On November 16, 2021, the FTC sought public comment on the 
information collection requirements associated with the Rule. 86 FR 
63387. The Commission received no germane comments. Pursuant to the OMB 
regulations, 5 CFR part 1320, that implement the PRA, 44 U.S.C. 3501 et 
seq., the FTC is providing this second opportunity for public comment 
while seeking OMB approval to renew the pre-existing clearance for the 
Rules.
    Your comment--including your name and your state--will be placed on 
the public record of this proceeding. Because your comment will be made 
public, you are solely responsible for making sure that your comment 
does not include any sensitive personal information, such as 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, such as medical records or 
other individually identifiable health information. In addition, your 
comment should not include any ``trade secret or any commercial or 
financial information which . . . is privileged or confidential''--as 
provided by 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)--including in particular competitively 
sensitive information such as costs, sales statistics, inventories, 
formulas, patterns, devices, manufacturing processes, or customer 
names.

Josephine Liu,
Assistant General Counsel for Legal Counsel.
[FR Doc. 2022-03914 Filed 2-23-22; 8:45 am]
BILLING CODE 6750-01-P