The Consumer Financial Protection Bureau (CFPB) is seeking comments on a multi-state financial education project that would provide one-on-one and group financial education services to individuals with disabilities. The bureau intends to launch the project in the winter of 2015, according to the comment request published in the Federal Register.
The goals of the project are to improve the financial skills of approximately 15,000 individuals in navigating the financial marketplace and build the capacity of diverse multi-sector systems in up to 14 cities to unite around the common purpose of building financial security for individuals with disabilities.
“The CFPB envisions the need to collect a combination of client personally identifiable information (PII), including direct-identifying PII (i.e., basic contact and demographic information), performance metrics (outputs), as well as other relevant organization-level outcomes,” according to the announcement.
The CFPB would like to know:
- Whether the collection of information is necessary for the proper performance of the functions of the CFPB, including whether the information will have practical utility;
- The accuracy of the CFPB’s estimate of the burden of the collection of information, including the validity of the methods and assumptions used;
- Ways to enhance the quality, utility, and clarity of the information to be collected; and
- Ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology.
The comment session will close Feb. 9.
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