The Director of the Consumer Financial Protection Bureau (CFPB or the Bureau) may invite individuals with special expertise to serve on the Bureauâs advisory committees. The selection-related material will allow the Bureau to obtain information on the qualifications of individuals nominated to an advisory committee and will aid the Bureau in selecting members for service on an advisory committee. The selection-related information will also aid the Bureau in determining the appropriateness of participation in particular matters. The information collected from applicants will aid the Bureau in the exercise of its functions. The feedback collected will allow the Bureau to evaluate and improve its advisory committee program. Information collected will be used for vetting candidates, issue travel orders or provide reimbursement for travel expenses, as applicable.
The changes in burden reflect the Bureauâs decision to discontinue and subsequently to seek a reinstatement of this collection of information; therefore, the burden change is considered a program change. The Bureau discontinued this information collection as it was undergoing certain revisions to enhance the utility of the collection. The previously approved burden was 425 respondents, 805 responses, and 503 hours. As compared to the previous approval, the estimated number of respondents is projected to remain at 425, while the estimated number of responses has decreased from 805 to 735 and the estimated number of burden hours has decreased from 503 to 491. The reduction in the estimated number of responses and hours results from the Bureau removing the previously approved feedback survey from this OMB number. The Bureau is considering certain changes to this survey and will seek OMB approval separately in the future should it decide to reinstate the use of that survey instrument.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.