3170-0013 30-day FRN (published)

3170-0013 30-day FRN (published).pdf

Equal Credit Opportunity Act (Regulation B)

3170-0013 30-day FRN (published)

OMB: 3170-0013

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Federal Register / Vol. 87, No. 155 / Friday, August 12, 2022 / Notices

comments received will become public
records, including any personal
information provided. Sensitive
personal information, such as account
numbers or Social Security numbers,
should not be included.
FOR FURTHER INFORMATION CONTACT:
Documentation prepared in support of
this information collection request is
available at www.regulations.gov.
Requests for additional information
should be directed to Anthony May,
Paperwork Reduction Act Officer, at
(202) 841–0544, or email: [email protected]
cfpb.gov. If you require this document
in an alternative electronic format,
please contact [email protected]
cfpb.gov. Please do not submit
comments to these email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Privacy of
Consumer Financial Information
(Regulation P).
OMB Control Number: 3170–0010.
Type of review: Extension of a
currently approved information
collection.
Affected Public: Private sector:
businesses or other for-profits.
Estimated Number of Respondents:
462,760.
Estimated Total Annual Burden
Hours: 311,742.
Abstract: Section 502 of the GrammLeach-Bliley Act (GLBA) (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 (e.g., 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 Bureau promulgated
Regulation P (12 CFR 1016) to
implement the GLBA notice
requirements and restrictions on a
financial institution’s ability to disclose
nonpublic personal information about
consumers to nonaffiliated third parties.
Request for Comments: The Bureau
published a 60-day Federal Register
notice on 5/24/2022 (87 FR 31535)
under Docket Number: CFPB–2022–
0033. The Bureau is soliciting
comments on: (a) Whether the collection
of information is necessary for the
proper performance of the functions of
the Bureau, including whether the
information will have practical utility;
(b) The accuracy of the Bureau’s
estimate of the burden of the collection
of information, including the validity of
the methods and the assumptions used;
(c) Ways to enhance the quality, utility,

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and clarity of the information to be
collected; and (d) Ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. Comments submitted in
response to this notice will be submitted
to OMB as part of its review of this
request. All comments will become a
matter of public record.
Anthony May,
Paperwork Reduction Act Officer, Consumer
Financial Protection Bureau.
[FR Doc. 2022–17381 Filed 8–11–22; 8:45 am]
BILLING CODE 4810–AM–P

CONSUMER FINANCIAL PROTECTION
BUREAU
[Docket No. CFPB–2022–0056]

Agency Information Collection
Activities: Comment Request
Consumer Financial Protection
Bureau.
ACTION: Notice and request for comment.
AGENCY:

In accordance with the
Paperwork Reduction Act of 1995
(PRA), the Consumer Financial
Protection Bureau (CFPB or Bureau)
requests the extension of the Office of
Management and Budget’s (OMB’s)
approval of the existing information
collection titled ‘‘Equal Credit
Opportunity Act (Regulation B)’’
approved under OMB Control Number
3170–0013.
DATES: Written comments are
encouraged and must be received on or
before September 12, 2022 to be assured
of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. In general, all
comments received will become public
records, including any personal
information provided. Sensitive
personal information, such as account
numbers or Social Security numbers,
should not be included.
FOR FURTHER INFORMATION CONTACT:
Documentation prepared in support of
this information collection request is
available at www.regulations.gov.
Requests for additional information
should be directed to Anthony May,
Paperwork Reduction Act Officer, at
(202) 841–0544, or email: [email protected]
SUMMARY:

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cfpb.gov. If you require this document
in an alternative electronic format,
please contact [email protected]
cfpb.gov. Please do not submit
comments to these email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Equal Credit
Opportunity Act (Regulation B).
OMB Control Number: 3170–0013.
Type of review: Extension of a
currently approved information
collection.
Affected Public: Private sector:
businesses or other for-profits.
Estimated Number of Respondents:
188,800.
Estimated Total Annual Burden
Hours: 1,259,448.
Abstract: The Equal Credit
Opportunity Act (ECOA) was enacted to
ensure that credit is made available to
all creditworthy applicants without
discrimination on the basis of sex,
marital status, race, color, religion,
national origin, age, or other prohibited
bases under the ECOA. The ECOA
allows for creditors to collect
information for self-testing against these
criteria, while not allowing creditors to
use this information in making credit
decisions of applicants. For certain
mortgage applications, the ECOA
requires creditors to ask for some of the
prohibited information for monitoring
purposes. Additionally, for certain
mortgage applications, creditors are
required to send a copy of any appraisal
or written valuation used in the
application process to the applicant in
a timely fashion.
The ECOA also prescribes creditors
must inform applicants of decisions
made on credit applications.
Particularly where creditors make
adverse actions on credit applications or
existing accounts, creditors must inform
consumers as to why the adverse action
was taken such that credit applicants
can challenge errors or learn how to
become more creditworthy. Creditors
must retain all application information
for 25 months including notices that
they sent, and any information related
to adverse actions. The ECOA requires
creditors who furnish applicant
information to a consumer reporting
agency to reflect participation of the
applicant’s spouse if the spouse is
permitted to use or is contractually
liable on the account.
Request for Comments: The Bureau
published a 60-day Federal Register
notice on 5/24/2022 (87 FR 31538)
under Docket Number: CFPB–2022–
0032. The Bureau is soliciting
comments on: (a) Whether the collection
of information is necessary for the
proper performance of the functions of

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Federal Register / Vol. 87, No. 155 / Friday, August 12, 2022 / Notices
the Bureau, including whether the
information will have practical utility;
(b) The accuracy of the Bureau’s
estimate of the burden of the collection
of information, including the validity of
the methods and the assumptions used;
(c) Ways to enhance the quality, utility,
and clarity of the information to be
collected; and (d) Ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. Comments submitted in
response to this notice will be submitted
to OMB as part of its review of this
request. All comments will become a
matter of public record.
Anthony May,
Paperwork Reduction Act Officer, Consumer
Financial Protection Bureau.
[FR Doc. 2022–17362 Filed 8–11–22; 8:45 am]
BILLING CODE 4810–AM–P

DEPARTMENT OF EDUCATION
Applications for New Awards;
Postsecondary Success Program
Office of Postsecondary
Education, Department of Education.
ACTION: Notice.
AGENCY:

The Department of Education
(Department) is issuing a notice inviting
applications (NIA) for fiscal year (FY)
2022 for the Postsecondary Success
Program, Assistance Listing Number
84.116M. This notice relates to the
approved information collection under
OMB control number 1894–0006.
DATES:
Applications Available: August 12,
2022.
Deadline for Transmittal of
Applications: October 11, 2022.
Deadline for Intergovernmental
Review: December 12, 2022.
ADDRESSES: For the addresses for
obtaining and submitting an
application, please refer to our Common
Instructions for Applicants to
Department of Education Discretionary
Grant Programs, published in the
Federal Register on December 27, 2021
(86 FR 73264) and available at
www.federalregister.gov/d/2021-27979.
Please note that these Common
Instructions supersede the version
published on February 13, 2019, and, in
part, describe the transition from the
requirement to register in SAM.gov a
Data Universal Numbering System
(DUNS) number to the implementation
of the Unique Entity Identifier (UEI).
More information on the phase-out of
DUNS numbers is available at https://

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SUMMARY:

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www2.ed.gov/about/offices/list/ofo/
docs/unique-entity-identifier-transitionfact-sheet.pdf.
FOR FURTHER INFORMATION CONTACT:
Nemeka Mason, U.S. Department of
Education, 400 Maryland Avenue SW,
Room 2C102, Washington, DC 20202–
4260. Telephone: (202) 453–5650.
Email: [email protected]
If you are deaf, hard of hearing, or
have a speech disability and wish to
access telecommunications relay
services, please dial 7–1–1.
SUPPLEMENTARY INFORMATION:
Full Text of Announcement
I. Funding Opportunity Description
Purpose of Program: The purpose of
this program is to promote
postsecondary completion for students
close to completion, whether for
students currently enrolled in higher
education, students who are no longer
enrolled because of challenges they
faced during the COVID–19 pandemic
and close to completion, or both.
Institutions may opt to supplement or
expand evidence-based and data-driven
activities to support retention and
completion for both groups. This
program aims to improve student
outcomes, including retention, transfer,
credit accumulation, and completion, by
augmenting evidence-based activities
that are already underway at eligible
institutions of higher education (IHEs).
Background: The Consolidated
Appropriations Act, 2022 appropriated
$76 million for Fund for the
Improvement of Postsecondary
Education (FIPSE) competitive programs
and, within this total, the Joint
Explanatory Statement designated $5
million for Postsecondary Student
Success Grants ‘‘to support evidencebased activities to improve
postsecondary retention and completion
rates.’’ The Department intends to focus
this grant program on data-driven and
evidence-based efforts to support
Historically Black Colleges and
Universities, Tribal Colleges and
Universities, Hispanic-Serving
Institutions, other Minority-Serving
Institutions, and institutions serving
large shares of low-income students, to
improve existing retention and
completion efforts and support students
on the path to college completion.
Nationally, the U.S. Census Bureau
reports that nearly one in five
Americans has some college education
but no degree.1 Fewer than two in three
students pursuing a bachelor’s degree
1 U.S. Census Bureau, Educational Attainment in
the United States: 2020, https://www.census.gov/
data/tables/2020/demo/educational-attainment/
cps-detailed-tables.html.

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complete their degree within 6 years,
and only about one in three students at
2-year institutions graduates within 150
percent of the expected time to
completion. Completion rates are lower
for Black, Hispanic, Pacific Islander,
and American Indian/Alaska Native
students.2
The pandemic has further exacerbated
some of the college completion
challenges that students face. As
colleges pivoted to online instruction
and students faced unprecedented and
simultaneous health, family, and
employment challenges, an estimated 1
million students left school. Many still
have not returned.3 Community colleges
have seen the largest declines in
enrollment. Leaving school before
earning a credential may have
particularly significant consequences for
students who leave school with debt;
such borrowers are far more likely to
default on their student loans, even
when their balances are low.4
Many institutions have engaged in
institutional reform efforts or
implemented evidence-based activities
that helped to improve their students’
rates of completion. For instance,
corequisite remediation programs have
helped students to stay enrolled and on
track for completion by allowing them
to earn credit while completing
developmental education courses.5
Robust academic advising efforts have
helped students to establish clear
pathways for their degree completion,
cutting down on unnecessary
coursework, encouraging the
completion of academic coursework and
the accumulation of credits, and
ensuring students return to school.6
Initiatives and programs like the
‘‘Degrees When Due’’ reverse-transfer
initiative 7 have helped many
institutions of higher education (IHEs)
not only to retain students, but also to
2 https://nces.ed.gov/programs/
raceindicator_red.asp.
3 Causey, J., Kim, H., Ryu, M., Scheetz, A., &
Shapiro, D. (2022, May). Some College, No
Credential Student Outcomes, Annual Progress
Report—Academic Year 2020/21, Herndon, VA:
National Student Clearinghouse Research Center.
https://nscresearchcenter.org/wp-content/uploads/
SCNCReportMay2022.pdf.
4 Miller, B. (2017, December 14). Who Are
Student Loan Defaulters? Center for American
Progress. https://www.americanprogress.org/article/
student-loan-defaulters/.
5 See, for example, https://ies.ed.gov/ncee/wwc/
Intervention/1602; https://ies.ed.gov/ncee/wwc/
Study/90316; or https://ies.ed.gov/ncee/wwc/Study/
90306.
6 See, for example, https://ies.ed.gov/ncee/wwc/
PracticeGuide/28; https://ies.ed.gov/ncee/wwc/
Intervention/1072; and https://ies.ed.gov/ncee/wwc/
Docs/InterventionReports/WWC-PEPPER_IRReport_InsideTrack_508.pdf.
7 Institute for Higher Education Policy (n.d.).
Degrees When Due. https://degreeswhendue.com/#.

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