[Federal Register Volume 75, Number 193 (Wednesday, October 6, 2010)]
[Notices]
[Pages 61842-61843]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-25169]
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Fair Credit Reporting Affiliate Marketing Regulations
AGENCY: Office of Thrift Supervision (OTS), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to comment on proposed and continuing
information collections, as required by the Paperwork Reduction Act of
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the
Department of the Treasury will submit the proposed information
collection requirement described below to the Office of Management and
Budget (OMB) for review, as required by the Paperwork Reduction Act.
Today, OTS is soliciting public comments on its proposal to extend this
information collection.
DATES: Submit written comments on or before December 6, 2010.
ADDRESSES: Send comments, referring to the collection by title of the
proposal or by OMB approval number, to Information Collection Comments,
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street,
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to [email protected]. OTS
will post comments and the related index on the OTS Internet Site at
http://www.ots.treas.gov. In addition, interested persons may inspect
comments at the Public Reading Room, 1700 G Street, NW., by
appointment. To make an appointment, call (202) 906-5922, send an e-
mail to public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to
(202) 906-7755.
FOR FURTHER INFORMATION CONTACT: You can request additional information
about this proposed information collection from Suzanne McQueen (202)
906-6459, Office of Thrift Supervision, 1700 G Street, NW., Washington,
DC 20552.
SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an
information collection, and respondents are not required to respond to
an information collection, unless the information collection displays a
currently valid OMB control number. As part of the approval process, we
invite comments on the following information collection.
Comments should address one or more of the following points:
a. Whether the proposed collection of information is necessary for
the proper performance of the functions of OTS;
b. The accuracy of OTS's estimate of the burden of the proposed
information collection;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of the information collection on
respondents, including through the use of information technology.
We will summarize the comments that we receive and include them in
the OTS request for OMB approval. All comments will become a matter of
public record. In this notice, OTS is soliciting comments concerning
the following information collection.
Title of Proposal: Fair Credit Reporting Affiliate Marketing
Regulations.
OMB Number: 1550-0112.
Form Number: N/A.
Description: Section 214 of the Fair and Accurate Credit
Transactions Act of 2003, which added new section 624 to the Fair
Credit Reporting Act, generally prohibits a person from using certain
information received from an affiliate to make a solicitation for
marketing purposes to the consumer, unless the consumer is given notice
and an opportunity and simple method to opt out of making such
solicitations. Section 214 also required the OTS, the Securities and
Exchange Commission, and the Federal Trade Commission, in consultation
and coordination with each other, to issue regulations implementing
section 214 that, to the extent possible, are consistent and
comparable.
Consumers will use the information in the disclosures to decide
whether to
[[Page 61843]]
opt out of their institutions' affiliate marketing practices.
Respondent entities will use the opt out notices to manage their
affiliate marketing practices appropriately.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 193,479.
Estimated Frequency of Response: On occasion.
Estimated Total Burden: 25,834 hours.
Dated: October 1, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift
Supervision.
[FR Doc. 2010-25169 Filed 10-5-10; 8:45 am]
BILLING CODE 6720-01-P