[Federal Register Volume 78, Number 208 (Monday, October 28, 2013)]
[Notices]
[Pages 64202-64204]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-25335]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Quantitative Messaging Research
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or
``Commission'') is announcing an opportunity for public comment on a
proposed collection of information by
[[Page 64203]]
the agency. Under the Paperwork Reduction Act (``PRA''), 44 U.S.C. 3501
et seq., Federal agencies are required to publish notice in the Federal
Register concerning each proposed collection of information and to
allow 30 days for public comment. The CFTC's Office of Consumer
Outreach (OCO) develops campaigns to change consumer behaviors so that
consumers can better avoid fraud as defined under the Commodities
Exchange Act. The CFTC is posing survey questions to the public. This
survey will include screening questions to identify the correct
respondents and questions to determine optimal messages to help
consumers identify, avoid, and report financial fraud as part of a
consumer-facing anti-fraud campaign. This survey will follow
qualitative message testing research (for which CFTC received fast-
track OMB approval) and is necessary to identify, with statistical
validation, which of these messages most effectively help consumers to
identify, avoid, and report financial fraud.
DATES: Comments must be received on or before November 27, 2013.
ADDRESSES: You may submit comments, regarding the burden estimated or
any other aspect of the information collection, including suggestions
for reducing the burden to the Office of Information and Regulatory
Affairs, Office of Management and Budget, Attention: Desk Officer for
CFTC, 725 17th Street NW., Washington, DC 20503, and by any of the
following methods:
Agency Web site, via its Comments Online process: http://comments.cftc.gov. Follow the instructions for submitting comments
through the Web site.
Mail: Send to Melissa D. Jurgens, Secretary of the Commission,
Commodity Futures Trading Commission, 1155 21st Street NW., Washington,
DC 20581.
Hand delivery/Courier: Same as Mail above.
Federal eRulemaking Portal: http://www.regulations.gov/search/index.jsp. Follow the instructions for submitting comments.
Please submit your comments using only one method and identify that
it is for the ``Quantitative Messaging Research.''
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
http://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 Sec. 145.9 of the Commission's regulations.\1\
---------------------------------------------------------------------------
\1\ 17 CFR 145.9.
---------------------------------------------------------------------------
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 http://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 rulemaking 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: Nisha Smalls, Consumer Education &
Outreach Specialist, 202-418-5000, [email protected], Office of
Consumer Outreach, Commodity Futures Trading Commission, Three
Lafayette Centre, 1151 21st Street NW., Washington, DC 20581.
SUPPLEMENTARY INFORMATION: Under the PRA, federal agencies must obtain
approval from the Office of Management and Budget (``OMB'') for each
collection of information they collect or sponsor. The collection of
information is defined in 44 U.S.C. 3502(3) as the obtaining, causing
to be obtained, soliciting of facts or opinions by or for an agency,
regardless of form or format from ten or more persons. An agency may
not conduct or sponsor, and a person is not required to respond to, a
collection of information unless it displays a valid OMB control
number. The Commission is submitting this collection of information to
OMB for approval and assigning of a collection number, pursuant to 5
CFR 1320.10.
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 for
each proposed collection of information before submitting the
collection to OMB for approval. Under OMB regulations, which implement
provisions of the PRA, certain facts or opinions submitted in response
to general solicitations of comments from the public, published in the
Federal Register or other publications, 5 CFR 1320.3(h)(4), or facts or
opinions obtained or solicited at or in connection with public hearings
or meetings, 5 CFR 1320.3(h)(8), are excluded from the OMB approval
process.
In 2010, the Dodd-Frank Act \2\ expanded the Commission's authority
to, among other matters related to regulatory oversight, establish
funding of consumer education initiatives under its new Whistleblower
authority.\3\ Under this new authority, the Commission established an
OCO to, among other efforts, survey the public regarding consumer
education initiatives.\4\ This notice announces a public survey. The
survey will include screening questions to identify the correct
respondents and questions to determine optimal messages to help
consumers identify, avoid, and report financial fraud as part of a
consumer-facing anti-fraud campaign. This survey will follow
qualitative message testing research (for which CFTC received fast-
track OMB approval) and is necessary to identify, with statistical
validation, which of these messages most effectively help consumers to
identify, avoid, and report financial fraud.
---------------------------------------------------------------------------
\2\ See Dodd-Frank Wall Street Reform and Consumer Protection
Act, Public Law 111-203,124 Stat. 1376 (2010). The text of the Dodd-
Frank Act may be accessed at http://www.cftc.gov/LawRegulation/DoddFrankAct/index.htm.
\3\ See 7 U.S.C. 26.
\4\ See 17 CFR 165.12.
---------------------------------------------------------------------------
The OCO will use the information collected in the survey to develop
effective methods to inform the public on how best to detect and report
financial fraud. This will be done by creating a final summary report
that combines key findings from both the survey as well as other
qualitative research.
Findings from the summary report will be used to inform a
directional document to be used by the OCO that will include
recommendations on primary messages, support points, content, overall
tone, phrasing and imagery of outreach efforts on financial fraud, as
well as how to use these messages in various communications channels
(e.g. online, print, radio, TV and collateral materials).
The survey will be administered using an online survey tool. The
online modality approach will allow presentation of test material to
participants in a more convenient and time-efficient manner than other
collection methods such as mall intercepts. The online method also
allows for a quicker turnaround for data collection. No other
collection methods will be used.
The screening questions will take about 1 minute to complete. It is
anticipated that 2,200 people will be screened. The survey will take 15
minutes. 1,100 people will take the 15 minute survey. Based on these
[[Page 64204]]
assumptions, the total burden hours will be 330 hours. This estimate
includes the time to prepare the survey and transmit it to the
Commission. The Commission estimates the average burden of this
collection of information as follows:
Estimated Annual Reporting Burden Hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Frequency Hours per Total
--------------------------------------------------------------------------------------------------------------------------------------------------------
17 C.F.R.......................... 2,200 1 response per respondent..... 1 minute per response......... 2,200 36.7 hours--$96.36 per burden
hour.
17 C.F.R.......................... 1,100 1 response per respondent..... 15 minutes per response....... 1,100 293.3 hours--$96.36 per burden
hour.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on October 23, 2013, by the
Commission.
Melissa D. Jurgens,
Secretary of the Commission.
[FR Doc. 2013-25335 Filed 10-25-13; 8:45 am]
BILLING CODE 6351-01-P