The Office of the Comptroller of the Currency (OCC) is seeking comments from the public and other federal agencies on renewing an information collection. This collection is required under the Paperwork Reduction Act and includes various Consumer Financial Protection Bureau regulations and the Federal Reserve System's Regulation CC. The OCC wants feedback on the necessity and utility of collecting this information, ways to improve its quality and clarity, and how to reduce the burden on respondents. Comments are due by February 10, 2021, and can be submitted via email, mail, or fax.
Simple Explanation
The government wants to hear what people think about some rules that help keep money stuff fair, and they want ideas on how to make it easier and less time-consuming for people to share their thoughts.