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###### Department of the Treasury

###### Office of the Comptroller of the Currency

# AGENCIES:

Office of the Comptroller of the Currency (OCC), Treasury.

# ACTION:

Notice and request for comment.

# SUMMARY:

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the renewal of an information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning an information collection titled, “Affiliate Marketing/Consumer Opt-Out Notices.” The OCC is also giving notice that it has sent the collection to OMB for review.

# DATES:

Comments must be submitted on or before November 1, 2010.

# ADDRESSES:

                        Communications Division, Office of the Comptroller of the Currency, Mailstop 2-3, Attention: 1557-0230, 250 E Street, SW., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874-5274, or by electronic mail to                         *regs.comments@occ.treas.gov*. You may personally inspect and photocopy comments at the OCC, 250 E Street, SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 874-4700. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments.                    

Additionally, please send a copy of your comments to: OCC Desk Officer, [1557-0230], by mail to U.S. Office of Management and Budget, 725 17th St., NW., #10235, Washington, DC 20503, or by fax to (202) 395-6974.

# FOR FURTHER INFORMATION CONTACT:

You may request additional information or a copy of the collection and supporting documentation submitted to OMB by contacting: Mary H. Gottlieb, (202) 874-5090, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.

# SUPPLEMENTARY INFORMATION:

*Title:*                     Fair Credit Reporting Affiliate Marketing.                

*OMB Control No.:*                     1557-0230.                

*Frequency of Response:*                     On occasion.                

*Affected Public:*                     Businesses or other for-profit.                

*Estimated Number of Respondents:*                     541,860.                

*Total Annual Burden:*                     16,559 hours.                

*Description:*                     Twelve CFR part 41, subpart C generally prohibits a person from using certain information received from an affiliate to make a solicitation for marketing purposes to a consumer unless the consumer is given notice of that potential use and an opportunity and a reasonably simple method to opt out of such solicitations.                

                    Financial institutions will use the required notices to inform consumers about their rights under section 624 of Fair Credit Reporting Act and to comply with 12 CFR part 41, subpart C. Consumers will use the notices to decide if they want to receive solicitations for marketing purposes or opt out. Financial institutions will use the consumers' opt out responses to determine the permissibility of using eligibility information obtained from an affiliate to make solicitations to the consumer. The responses will be used by financial institutions to comply with section 214 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act).[1]                                          We assume that the majority of banks will issue their affiliate marketing notices in a single notice with their annual privacy notice.                

*Comments:*                     A 60-Day                     **Federal Register**                     notice was issued on July 22, 2010 (75 FR 42824). No comments were received. Comments continue to be invited on:                

(a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; 

(b) The accuracy of the OCC's estimate of the information collection burden; 

(c) Ways to enhance the quality, utility, and clarity of the information to be collected; 

(d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and

(e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

Dated: September 22, 2010.

Michele Meyer,

Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency.

# Footnotes

1.                             Public Law 108-159, 117 Stat. 1952.                    
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[FR Doc. 2010-24283 Filed 9-29-10; 8:45 am]

BILLING CODE 4810-33-P