[Federal Register Volume 79, Number 103 (Thursday, May 29, 2014)]
[Notices]
[Pages 30844-30845]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-12416]
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FEDERAL TRADE COMMISSION
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension
AGENCY: Federal Trade Commission (``FTC'' or ``Commission'').
ACTION: Notice.
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SUMMARY: The FTC intends to ask the Office of Management and Budget
(``OMB'') to extend for an additional three years the current Paperwork
Reduction Act (``PRA'') clearance for the FTC's enforcement of the
information collection requirements in its ``Fair Credit Reporting
Risk-Based Pricing Regulations'' (``RBP Rule''), which applies to
certain motor vehicle dealers, and its shared enforcement with the
Consumer Financial Protection Bureau (``CFPB'') of the risk-based
pricing provisions (subpart H) of the CFPB's Regulation V regarding
other entities. That clearance expires on August 31, 2014.
DATES: Comments must be filed by June 30, 2014.
ADDRESSES: Interested parties may file a comment online or on paper, by
following the instructions in the Request for Comment part of the
SUPPLEMENTARY INFORMATION section below. Write ``RBP Rule, PRA Comment,
P145403,'' on your comment and file your comment online at https://ftcpublic.commentworks.com/ftc/rbprulepra2 by following the
instructions on the web-based form. If you prefer to file your comment
on paper, mail or deliver your comment to the following address:
Federal Trade Commission, Office of the Secretary, Room H-113 (Annex
J), 600 Pennsylvania Avenue NW., Washington, DC 20580.
FOR FURTHER INFORMATION CONTACT: Katherine White, Attorney, Division of
Privacy and Identity Protection, Bureau of Consumer Protection, (202)
326-2878, 600 Pennsylvania Ave. NW., Room CC-8232, Washington, DC
20580.
SUPPLEMENTARY INFORMATION: On February 27, 2014, the FTC sought public
comment on the information collection requirements (creditor
disclosures to consumers) associated with the RBP Rule and the
Commission's shared enforcement with
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the CFPB of subpart H of Regulation V (February 27, 2014 Notice \1\)
and the FTC's associated PRA burden analysis. No comments were
received. Pursuant to the OMB regulations, 5 CFR Part 1320, that
implement the PRA, 44 U.S.C. 3501 et seq., the FTC is providing this
second opportunity for public comment while seeking OMB approval to
renew clearance for the FTC's calculated share of the associated PRA
burden for the underlying disclosure requirements.
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\1\ 79 FR 11108.
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The burden figures below present estimates of the number of
applicable motor vehicle dealers subject to the FTC's RBP Rule \2\ and
their assumed recurring disclosure burden, in addition to the estimated
number of and burden for other entities over which the FTC shares
enforcement burden with the CFPB under subpart H of Regulation V. For
more details about the creditor notifications required and the basis
for the calculations summarized below, see 79 FR 11108.
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\2\ The FTC retains rulemaking authority for its RBP Rule solely
for motor vehicle dealers described in section 1029(a) of the Dodd-
Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-
203, 124 Stat. 1376 (2010)) that are predominantly engaged in the
sale and servicing of motor vehicles, the leasing and servicing of
motor vehicles, or both.
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Title: Fair Credit Reporting Risk-Based Pricing Regulations.
OMB Control Number: 3084-0145.
Type of Review: Extension of currently approved collection.
Estimated number of respondents: 160,875.
Estimated Annual Burden: 9,652,500 hours and $166,216,050 \3\ in
associated labor costs.
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\3\ Bureau of Labor Statistics, Economic News Release, April 1,
2014, Table 1, ``National employment and wage data from the
Occupational Employment Statistics survey by occupation, May 2013'':
http://www.bls.gov/news.release/ocwage.htm. This is an update of the
labor information used in the February 27, 2014 Notice. The newer
table shows $17.22 as the mean hourly wage for correspondence
clerks.
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The FTC believes that the FTC and CFPB rules impose negligible
capital or other non-labor costs, as the affected entities are likely
to have the necessary supplies and/or equipment already (e.g., offices
and computers) for the information collections discussed above.
Request for Comment: You can file a comment online or on paper. For
the Commission to consider your comment, we must receive it on or
before June 30, 2014. Write ``RBP Rule, PRA Comment, P145403,'' on your
comment. Your comment--including your name and your state--will be
placed on the public record of this proceeding, including to the extent
practicable, on the public Commission Web site, at http://www.ftc.gov/os/publiccomments.shtm. As a matter of discretion, the Commission tries
to remove individuals' home contact information from comments before
placing them on the Commission Web site.
Because your comment will be made public, you are solely
responsible for making sure that your comment does not include any
sensitive personal information, like anyone's Social Security number,
date of birth, driver's license number or other state identification
number or foreign country equivalent, passport number, financial
account number, or credit or debit card number. You are also solely
responsible for making sure that your comment does not include any
sensitive health information, like medical records or other
individually identifiable health information. In addition, do not
include any ``[t]rade secret or any commercial or financial information
which is . . . privileged or confidential'' as provided in Section 6(f)
of the FTC Act 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR
4.10(a)(2). In particular, do not include competitively sensitive
information such as costs, sales statistics, inventories, formulas,
patterns devices, manufacturing processes, or customer names.
If you want the Commission to give your comment confidential
treatment, you must file it in paper form, with a request for
confidential treatment, and you have to follow the procedure explained
in FTC Rule 4.9(c).\4\ Your comment will be kept confidential only if
the FTC General Counsel grants your request in accordance with the law
and the public interest.
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\4\ In particular, the written request for confidential
treatment that accompanies the comment must include the factual and
legal basis for the request, and must identify the specific portions
of the comment to be withheld from the public record. See FTC Rule
4.9(c), 16 CFR 4.9(c).
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Postal mail addressed to the Commission is subject to delay due to
heightened security screening. As a result, we encourage you to submit
your comments online. To make sure that the Commission considers your
online comment, you must file it at https://ftcpublic.commentworks.com/ftc/rbprulepra2, by following the instructions on the web-based form.
If this Notice appears at http://www.regulations.gov/#!home, you also
may file a comment through that Web site.
If you file your comment on paper, write ``RBP Rule, PRA Comment,
P145403,'' on your comment and on the envelope, and mail or deliver it
to the following address: Federal Trade Commission, Office of the
Secretary, Room H-113 (Annex J), 600 Pennsylvania Avenue NW.,
Washington, DC 20580. If possible, submit your paper comment to the
Commission by courier or overnight service.
The FTC Act and other laws that the Commission administers permit
the collection of public comments to consider and use in this
proceeding as appropriate. The Commission will consider all timely and
responsive public comments that it receives on or before June 30, 2014.
You can find more information, including routine uses permitted by the
Privacy Act, in the Commission's privacy policy, at http://www.ftc.gov/ftc/privacy.htm.
Comments on the information collection requirements subject to
review under the PRA should additionally be submitted to OMB. If sent
by U.S. mail, they should be addressed to Office of Information and
Regulatory Affairs, Office of Management and Budget, Attention: Desk
Officer for the Federal Trade Commission, New Executive Office
Building, Docket Library, Room 10102, 725 17th Street NW., Washington,
DC 20503. Comments sent to OMB by U.S. postal mail, however, are
subject to delays due to heightened security precautions. Thus,
comments instead should be sent by facsimile to (202) 395-5167.
David C. Shonka,
Principal Deputy General Counsel.
[FR Doc. 2014-12416 Filed 5-28-14; 8:45 am]
BILLING CODE 6750-01-P