105012 Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices 

1 17 CFR 145.9. 

2 44 U.S.C. 3512, 5 CFR 1320.5(b)(2)(i) and 1320.8 

(b)(3)(vi). The OMB control numbers for the CFTC 

regulations were published on December 30, 1981. 

See 46 FR 63035 (Dec. 30, 1981). 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street NW, Washington, DC 

20581. 

• Hand Delivery/Courier: Same as 

Mail above. 

All comments must be submitted in 

English, or if not, accompanied by an 

English translation. Comments 

submitted to the Commission should 

include only information that you wish 

to make available publicly. If you wish 

the Commission to consider information 

that you believe is exempt from 

disclosure under the Freedom of 

Information Act, a petition for 

confidential treatment of the exempt 

information may be submitted according 

to the procedures established in § 145.9 

of the Commission’s regulations.1 The 

Commission reserves the right, but shall 

have no obligation, to review, prescreen, filter, redact, refuse or remove 

any or all of your submission from 

https://www.cftc.gov that it may deem to 

be inappropriate for publication, such as 

obscene language. All submissions that 

have been redacted or removed that 

contain comments on the merits of the 

ICR will be retained in the public 

comment file and will be considered as 

required under the Administrative 

Procedure Act and other applicable 

laws, and may be accessible under the 

Freedom of Information Act. 

FOR FURTHER INFORMATION CONTACT: 

Melissa Chiang, Senior Assistant 

General Counsel, Office of the General 

Counsel, Commodity Futures Trading 

Commission, (202) 418–5578; email: 

mchiang@cftc.gov, and refer to OMB 

Control No. 3038–3043. 

SUPPLEMENTARY INFORMATION: 

Title: Rules Relating to Review of 

National Futures Association Decisions 

in Disciplinary, Membership Denial, 

Registration, and Member 

Responsibility Actions (OMB Control 

Number 3038–0043). This is a request 

for extension of a currently approved 

information collection. 

Abstract: 17 CFR part 171 rules 

require a registered futures association 

to provide fair and orderly procedures 

for membership and disciplinary 

actions. The Commission’s review of 

decisions of registered futures 

associations in disciplinary, 

membership denial, registration, and 

member responsibility actions is 

governed by Section 17(h)(2) of the 

Commodity Exchange Act, 7 U.S.C. 

21(h)(2). The rules establish procedures 

and standards for Commission review of 

such actions, and the reporting 

requirements included in the procedural 

rules are either directly required by 

Section 17 of the Commodity Exchange 

Act or are necessary to the type of 

appellate review role Congress intended 

the Commission to undertake when it 

adopted that provision. Because the 

number of respondents, responses per 

respondent, and time per response has 

not changed, this renewal does not 

change the reporting burden for this 

collection. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid OMB 

control number.2 On December 3, 2024, 

the Commission published in the 

Federal Register notice of the proposed 

extension of this information collection 

and provided 60 days for public 

comment on the proposed extension, 89 

FR 80896 (‘‘60-Day Notice’’) The 

Commission did not receive any 

relevant comments on the 60-Day 

Notice. 

Burden Statement: The estimated 

total annual respondent burden for this 

collection is three hours. This estimate 

includes the time needed to transmit 

decisions of disciplinary, membership 

denial, registration, and member 

responsibility actions to the 

Commission for review. 

Estimated Number of Respondents: 1. 

Estimated Average Burden Hour(s) 

per Response: 1 hour. 

Estimated Number of Annual 

Responses per Respondent: 3. 

Estimated Total Annual Burden 

Hours: 3 hours. 

Frequency of Collection: On occasion. 

There are no capital costs or operating 

and maintenance costs associated with 

this collection. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: December 19, 2024 

Robert Sidman, 

Deputy Secretary of the Commission. 

[FR Doc. 2024–30766 Filed 12–23–24; 8:45 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Agency Information Collection 

Activities: Notice of Intent To Extend 

Collection 3038–0074: Core Principles 

and Other Requirements for Swap 

Execution Facilities 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice. 

SUMMARY: The Commodity Futures 

Trading Commission (‘‘Commission’’ or 

‘‘CFTC’’) is announcing an opportunity 

for public comment on the proposed 

renewal of a collection of certain 

information by the agency. Under the 

Paperwork Reduction Act (‘‘PRA’’), 

Federal agencies are required to publish 

notice in the Federal Register 

concerning each proposed collection of 

information, including each proposed 

extension of an existing collection of 

information, and to allow 60 days for 

public comment. This notice solicits 

comments on the proposed renewal of 

the Information Collection Request 

(‘‘ICR’’) titled: OMB Control Number 

3038–0074, Core Principles and Other 

Requirements for Swap Execution 

Facilities. 

DATES: Comments must be submitted on 

or before February 24, 2025. 

ADDRESSES: You may submit comments, 

identified by ‘‘Renewal of Collection 

3038–0074, Core Principles and Other 

Requirements for Swap Execution 

Facilities’’ by any of the following 

methods: 

• The CFTC website, at https://

comments.cftc.gov/. Follow the 

instructions for submitting comments 

through the website. 

• Mail: Christopher Kirkpatrick, 

Secretary of the Commission, 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street NW, Washington, DC 

20581. 

• Delivery/Courier: Same as Mail 

above. 

Please submit your comments using 

only one method. 

FOR FURTHER INFORMATION CONTACT: 

Roger Smith, Associate Chief Counsel, 

Division of Market Oversight 

Commodity Futures Trading 

Commission, (202) 418–5344; email: 

rsmith@cftc.gov, and refer to OMB 

Control No. 3038–0074. 

SUPPLEMENTARY INFORMATION: Under the 

PRA, 44 U.S.C. 3501 et seq., Federal 

agencies must obtain approval from the 

Office of Management and Budget 

(‘‘OMB’’) for each collection of 

information they conduct or sponsor. 

‘‘Collection of Information’’ is defined 

in 44 U.S.C. 3502(3) and 5 CFR 1320.3 

and includes agency requests or 

requirements that members of the public 

submit reports, keep records, or provide 

information to a third party. Section 

3506(c)(2)(A) of the PRA, 44 U.S.C. 

3506(c)(2)(A), requires Federal agencies 

to provide a 60-day notice in the 

Federal Register concerning each 

proposed collection of information, 

including each proposed extension of an 

existing collection of information, 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices 105013 

1 17 CFR 145.9. 

1 12 U.S.C. 5481 et seq. 

2 15 U.S.C. 1693, et seq.; 12 CFR part 1005, et seq. 

3 15 U.S.C. 1601, et seq.; 12 CFR part 1026, et seq. 

before submitting the collection to OMB 

for approval. To comply with this 

requirement, the CFTC is publishing 

notice of the proposed collection of 

information listed below. An agency 

may not conduct or sponsor, and a 

person is not required to respond to, a 

collection of information unless it 

displays a currently valid OMB control 

number. 

Title: Core Principles and Other 

Requirements for Swap Execution 

Facilities (OMB Control No. 3038– 

0074). This is a request for extension of 

a currently approved information 

collection. 

Abstract: Section 5h to the 

Commodity Exchange Act (‘‘CEA’’) sets 

forth the requirements concerning the 

registration and operation of swap 

execution facilities (‘‘SEFs’’), which the 

Commission has implemented in part 37 

of its regulations. These information 

collections are needed for the 

Commission to ensure that SEFs comply 

with these requirements. Among other 

requirements, part 37 of the 

Commission’s regulations imposes SEF 

registration requirements for a trading 

platform or system, obligates SEFs to 

provide transaction confirmations to 

swap counterparties, and requires SEFs 

to comply with 15 core principles. 

Collection 3038–0074 was created in 

response to the part 37 regulatory 

requirements for SEFs. 

With respect to the collection of 

information, the CFTC invites 

comments on: 

• Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information will have a practical use; 

• The accuracy of the Commission’s 

estimate of the burden of the proposed 

collection of information, including the 

validity of the methodology and 

assumptions used; 

• Ways to enhance the quality, 

usefulness, and clarity of the 

information to be collected; and 

• Ways to minimize the burden of 

collection of information on those who 

are to respond, including through the 

use of appropriate automated electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology; e.g., permitting 

electronic submission of responses. 

All comments must be submitted in 

English, or if not, accompanied by an 

English translation. Comments will be 

posted as received to https://

www.cftc.gov. You should submit only 

information that you wish to make 

available publicly. If you wish the 

Commission to consider information 

that you believe is exempt from 

disclosure under the Freedom of 

Information Act, a petition for 

confidential treatment of the exempt 

information may be submitted according 

to the procedures established in § 145.9 

of the Commission’s regulations.1

The Commission reserves the right, 

but shall have no obligation, to review, 

pre-screen, filter, redact, refuse or 

remove any or all of your submission 

from https://www.cftc.gov that it may 

deem to be inappropriate for 

publication, such as obscene language. 

All submissions that have been redacted 

or removed that contain comments on 

the merits of the ICR will be retained in 

the public comment file and will be 

considered as required under the 

Administrative Procedure Act and other 

applicable laws, and may be accessible 

under the Freedom of Information Act. 

Burden Statement: The Commission 

is revising its estimate of the burden for 

this collection for SEFs. The respondent 

burden for this collection is estimated to 

be as follows: 

Estimated Number of Respondents: 

20. 

Estimated Average Burden Hours per 

Respondent: 764 (rounded). 

Estimated Total Annual Burden 

Hours: 15,275. 

Frequency of Collection: On occasion. 

There are no capital costs or operating 

and maintenance costs associated with 

this collection. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: December 18, 2024. 

Robert Sidman, 

Deputy Secretary of the Commission. 

[FR Doc. 2024–30630 Filed 12–23–24; 8:45 am] 

BILLING CODE 6351–01–P 

CONSUMER FINANCIAL PROTECTION 

BUREAU 

Supervisory Highlights: Special 

Edition Student Lending 

AGENCY: Consumer Financial Protection 

Bureau. 

ACTION: Supervisory highlights. 

SUMMARY: The Consumer Financial 

Protection Bureau (CFPB or Bureau) is 

issuing its thirty sixth edition of 

Supervisory Highlights. 

DATES: The findings in this edition of 

Supervisory Highlights focus significant 

findings across the entire student loan 

market and cover select examinations 

that were generally completed in 2024. 

FOR FURTHER INFORMATION CONTACT: 

Jaclyn Sellers, Senior Counsel, at (202) 

435–7449. If you require this document 

in an alternative electronic format, 

please contact CFPB_Accessibility@

cfpb.gov. 

SUPPLEMENTARY INFORMATION: 

1. Introduction 

Student loans represent the secondlargest form of U.S. consumer debt at 

around $1.77 trillion in total 

outstanding balances. While Federal 

student loans comprise the vast majority 

of the student lending market, private 

student loans present notable risks. The 

refinance market, for example, may offer 

certain benefits, but refinancing or 

consolidating Federal loans through a 

private lender results in the loss of 

important Federal protections. And 

institutional lending products—private 

loans made by the borrower’s school 

directly to the student—warrant special 

attention because of the uniquely close 

relationship between student and 

school. Additionally, the terms of 

private student loans are not 

standardized, and examiners have found 

certain loan terms problematic for 

consumers. Because of these substantial 

risks, the Consumer Financial 

Protection Bureau (CFPB) is actively 

engaged in vigorous oversight of all 

areas of the student loan market to 

ensure that entities comply with Federal 

consumer financial laws, including the 

Consumer Financial Protection Act 

(CFPA),1 the Electronic Fund Transfer 

Act and its implementing regulation, 

Regulation E,2 and the Truth in Lending 

Act and its implementing regulation, 

Regulation Z.3

This edition of Supervisory Highlights 

focuses on significant findings across 

the entire student loan market. The first 

group of findings relates to the refinance 

market. Examiners identified abusive 

misleading statements regarding loss of 

Federal benefits as well as regulatory 

violations in connection with the 

refinancing and consolidation of loans. 

The second group involves the offering 

by private lenders of illusory benefits, 

including unemployment and disability 

protections as well as rate reductions for 

autopay. The third group involves 

noteholder liability for claims of school 

misconduct. Examiners identified 

violations related to private student loan 

servicers’ treatment of borrowers whose 

loan contracts have provisions allowing 

them to assert any claims and defenses 

they have against their school, such as 

for fraud, against the subsequent 

noteholder. The fourth group of findings 

involves illegal collection tactics, such 

as contract provisions allowing schools 


ddrumheller on DSK120RN23PROD with NOTICES1