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CFPB: Comment Request on Generic Clearance for Consumer Complaint and Information Collection System

ABA Contact: Virginia O'Neill
Published Proposal: 78 Federal Register 44931; July 25, 2013
Comments Due: August 26, 2013
Disposition: Filed

Summary of the Proposed Rule:

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) is proposing a new generic information collection clearance titled, "Generic Clearance for Consumer Complaint and Information Collection System (Testing and Feedback)."

ABA on December 30, 2011 filed comments on the CFPB's proposal for a generic clearance of information collections including consumer complaint and inquiry processing. ABA opposed the proposal and urged that the CFPB withdraw the request for generic clearance of any consumer complaint and inquiry handling information collections. ABA continues to challenge the appropriateness of the generic clearance process for an information collection that presents substantive policy issues.