Alert January 10, 2013

CFPB Seeks Public Comment on Information Collection

The CFPB solicited comments on a proposed information collection titled, “Clearance for Consumer Attitudes, Understanding and Behavior Related to Financial Services and Products,” designed to be used by the CFPB and its partners to target “areas that will have the most impact on both consumers and financial markets.”  The information collections seeks public input in the following areas: (1) whether the collection of information is necessary for the performance of the CFPB’s functions; (2) whether the CFPB’s estimated burden of collecting information is accurate; (3) ways to enhance the information being collected; and (4) ways to minimize the burden on respondents. Comments are due by January 28, 2013.