Federal Register #2026-13859

Request for Public Comment on Extension of CFPB Regulation DD Information Collection

This opportunity is a request for public comment from the Board of Governors of the Federal Reserve System regarding the extension of the CFPB Regulation DD information collection: - Government Buyer: - Board of Governors of the Federal Reserve System - No OEMs or vendors are involved, as this is not a procurement action - No products or services are being requested - Purpose: - Seeks public comment on extending the Consumer Financial Protection Bureau's (CFPB) Regulation DD information collection (OMB No. 7100-0271) for three years - Regulation DD implements the Truth in Savings Act, requiring disclosure of fees, annual percentage yield, and account terms to help consumers compare deposit accounts - Affected Entities: - State member banks - Branches of foreign banks (excluding federal branches and insured state branches) - Commercial lending companies owned or controlled by foreign banks - Organizations operating under section 25 of the Federal Reserve Act - No purchase quantities, part numbers, or procurement requirements are included - The notice is solely for comment on the information collection proposal, not for acquisition of goods or services

Description

The Board of Governors of the Federal Reserve System invites public comment on a proposal to extend for three years, without revision, the Consumer Financial Protection Bureau's Regulation DD (CFPB DD; OMB No. 7100-0271). This regulation implements the Truth in Savings Act to assist consumers in comparing deposit accounts by disclosing fees, annual percentage yield, and other account terms. The proposal affects state member banks, branches of foreign banks, commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 of the Federal Reserve Act. Comments must be submitted by September 8, 2026.

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