Alert January 22, 2013

CFPB Seeks Public Comment on Information Collections

The CFPB solicited comments on a proposed information collection titled, “Generic Clearance for Qualitative Consumer Education and Engagement Information,” and designed to “identify strategies to help consumers make better-informed financial decisions” and to educate the CFPB on “effective financial education and empowerment strategies.” The information collection seeks public input on: (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 March 18, 2013.