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###### Bureau of Consumer Financial Protection

          - [Docket No. CFPB-2022-0017]

# AGENCY:

Bureau of Consumer Financial Protection.

# ACTION:

Notice and request for comment.

# SUMMARY:

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) requests the extension of the Office of Management and Budget's (OMB's) approval of the existing information collection titled “Electronic Fund Transfer Act (Regulation E)” approved under OMB Control Number 3170-0014.

# DATES:

Written comments are encouraged and must be received on or before April 8, 2022 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:

                        Documentation prepared in support of this information collection request is available at                         *www.regulations.gov.*                         Requests for additional information                               ( print page 13279)                            should be directed to Anthony May, Paperwork Reduction Act Officer, at (202) 841-0544, 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:*                     Electronic Fund Transfer Act (Regulation E).                

*OMB Control Number:*                     3170-0014.                

*Type of Review:*                     Extension of a currently approved information collection.                

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

*Estimated Number of Respondents:*                     600,000.                

*Estimated Total Annual Burden Hours:*                     3,361,056.                

*Abstract:*                     The Electronic Fund Transfer Act (EFTA), 15 U.S.C. 1693*et seq.,*                     requires accurate disclosure of the costs, terms, and rights relating to electronic fund transfer (EFT) services and remittance transfer services to consumers. Entities offering EFT services must provide consumers with full and accurate information regarding consumers' rights and responsibilities in connection with EFT services. These disclosures are intended to protect the rights of consumers using EFT services, such as automated teller machine (ATM) transfers, telephone bill-payment services, point-of-sale transfers at retail establishments, electronic check conversion, payroll cards, and preauthorized transfers from or to a consumer's account. EFTA also establishes error resolution procedures and limits consumer liability for unauthorized transfers in connection with EFT services. EFTA and Regulation E impose disclosure and other requirements on issuers and sellers of gift cards, gift certificates, and general-use prepaid cards. Further, EFTA and Regulation E provide protections for consumers in the United States who send remittance transfers to persons in a foreign country. It also provides comprehensive protections for consumers who use “prepaid accounts.” Tailored provisions governing disclosures, limited liability, error resolution, and periodic statements added new requirements regarding the posting of account agreements. Additionally, Regulations E regulates overdraft credit features offered in connection with prepaid accounts.                

*Request for Comments:*                     The Bureau published a 60-day                     **Federal Register**                     notice on 12/16/2021 (86 FR 71453) under Docket Number: CFPB-2021-0021. The Bureau is soliciting comments on: (a) Whether the collection of information is necessary for the proper performance of the functions of the Bureau, including whether the information will have practical utility; (b) The accuracy of the Bureau'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 submitted to 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. 2022-04953 Filed 3-8-22; 8:45 am]

BILLING CODE 4810-AM-P