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[Federal Register Volume 90, Number 11 (Friday, January 17, 2025)]
[Notices]
[Pages 5830-5831]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01142]

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CONSUMER FINANCIAL PROTECTION BUREAU

[Docket No. CFPB-2025-0006]

Agency Information Collection Activities: Comment Request

AGENCY: Consumer Financial Protection Bureau.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (CFPB) requests the Office of 
Management and Budget's (OMB's) approval of an information collection 
titled ``Auto Loan Survey.''

DATES: Written comments are encouraged and must be received on or 
before March 18, 2025 to be assured of consideration.

[[Page 5831]]

ADDRESSES: You may submit comments, identified by the title of the 
information collection, OMB Control Number (see below), and docket 
number (see above), by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No. CFPB-2025-
0006 in the subject line of the email.
     Mail/Hand Delivery/Courier: Comment Intake, Consumer 
Financial Protection Bureau (Attention: PRA Office), 1700 G Street, NW, 
Washington, DC 20552. Because paper mail in the Washington, DC area and 
at the CFPB is subject to delay, commenters are encouraged to submit 
comments electronically.
    Please note that comments submitted after the comment period will 
not be accepted. 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: Requests for additional information 
should be directed to Anthony May, PRA Officer, at (304) 481-5511, or 
email: [email protected]. If you require this document in an 
alternative electronic format, please contact 
[email protected]. Please do not submit comments to these 
email boxes.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Auto Loan Survey.
    OMB Control Number: 3170-00XX.
    Type of Review: New information collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 5,060.
    Estimated Total Annual Burden Hours: 1,670.
    Abstract: Under the Dodd-Frank Wall Street Reform and Consumer 
Protection Act, the Consumer Financial Protection Bureau (CFPB) is 
charged with researching, analyzing, and reporting on topics relating 
to the CFPB's mission, including consumer behavior, consumer awareness, 
and developments in markets for consumer financial products and 
services. To improve its understanding of how consumers engage with 
financial markets, the CFPB has successfully used credit record data as 
a sampling frame to survey people about their experiences in consumer 
credit markets.
    The CFPB seeks approval for a new survey of auto loan borrowers. 
The survey will use the CFPB's Consumer Credit Information Panel (CCIP) 
as the sampling frame. This survey will solicit information on the 
consumer's experience related to auto purchases and loans including 
choosing a vehicle and financing, experiences with major vehicle 
expenses, experiences with loan servicing, and, if applicable, loan 
modification and repossession. This survey will augment the auto 
finance data pilot and linked CCIP data by providing information not 
available in either source such as consumer demographics, household 
income and assets, income or expense shocks, understanding of the auto 
financing market, expectations, and self-reported experiences with 
auto-loan origination and servicing. The survey will follow similar 
methods as in the CFPB's prior Making Ends Meet Survey (approved under 
OMB Control Number 3170-0066) and Student Loan Survey (approved under 
OMB Control Number 3170-0078) but sample a different population of 
borrowers and focus primarily on auto loans. The CFPB expects to 
recruit about 23,000 participants to participate in the survey.
    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the CFPB, including whether the information will have 
practical utility; (b) The accuracy of the CFPB;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 summarized and/or included in the request for OMB's 
approval. All comments will become a matter of public record.

Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2025-01142 Filed 1-16-25; 8:45 am]
BILLING CODE 4810-AM-P
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