Alert August 20, 2013

CFPB Seeks Public Comment on Information Collection

The CFPB solicited comments on a proposed information collection titled, “Development of Metrics to Measure Financial Well-being of Working-age and Older American Consumers.” The CFPB intends to collect quantitative data to develop and refine survey instruments to measure adult consumers’ financial well-being. 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 October 7, 2013.