[Federal Register Volume 77, Number 83 (Monday, April 30, 2012)]
[Page 25438]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-10286]



Submission for OMB Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comments.


SUMMARY: The Bureau of Consumer Financial Protection (Bureau), as part 
of its continuing effort to reduce paperwork and respondent burden, 
invites the general public and other Federal agencies to take this 
opportunity to comment on proposed and/or continuing information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments 
regarding the information collection requirements relating to the 
Privacy of Consumer Financial Information that have been submitted to 
the Office of Management and Budget for review and approval. A copy of 
the submission may be obtained by contacting the agency contact listed 

DATES: Written comments are encouraged and must be received on or 
before May 30, 2012 to be assured of consideration.

ADDRESSES: You may submit comments, identified by OMB number 3170-0010, 
by any of the following methods:
     Agency Contact: Consumer Financial Protection Bureau 
(Attention: PRA Office), 1700 G Street NW., Washington, DC, 20552: 
(202) 435-7741: [email protected].
     OMB Reviewer: Shagufta Ahmed, Office of Management and 
Budget, New Executive Office Building, Room 10235, Washington, DC 
20503; (202) 395-7873.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Joseph Durbala, (202) 435-7893, at the Consumer 
Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office) 
1700 G Street NW., Washington, DC 20552, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: Title: Privacy of Consumer Financial 
Information (Regulation P) 12 CFR Part 1016. OMB Number: 3170-0010.
    Form Number: N/A.
    Abstract: Section 502 of the Gramm-Leach-Bliley Act (GLB Act) (Pub. 
L. 106-102) generally prohibits a financial institution from sharing 
nonpublic personal information about a consumer with nonaffiliated 
third parties unless the institution satisfies various disclosure 
requirements (including provision of initial privacy notices, annual 
notices, notices of revisions to the institution's privacy policy, and 
opt-out notices) and the consumer has not elected to opt out of the 
information sharing. The CFPB is promulgating regulations to implement 
the GLB Act's notice requirements and restrictions on a financial 
institution's ability to disclose nonpublic personal information about 
consumers to nonaffiliated third parties.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for profits.
    Estimated Number of Responses: 467,213.
    Estimated Time per Response: 1 hour 6 minutes.
    Estimated Total Annual Burden Hours: 516,000.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-10286 Filed 4-27-12; 8:45 am]