2013-20419
Federal Register, Volume 78 Issue 163 (Thursday, August 22, 2013)[Federal Register Volume 78, Number 163 (Thursday, August 22, 2013)]
[Notices]
[Pages 52166-52167]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-20419]
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COMMODITY FUTURES TRADING COMMISSION
Quantitative Messaging Research
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or
``Commission'') is announcing an opportunity for public comment on a
proposed collection of information by the agency. Under the Paperwork
Reduction Act (``PRA''), 44 U.S.C. 3501 et seq., Federal agencies are
required to publish notice in the Federal Register concerning each
proposed collection of information and to allow 60 days for public
comment. The CFTC's Office of Consumer Outreach (``OCO'') develops
campaigns to change consumer behaviors so that consumers can better
avoid fraud as defined under the Commodities Exchange Act. The CFTC is
posing survey questions to the public. This survey will include
screening questions to identify the correct respondents and questions
to determine optimal messages to help consumers identify, avoid, and
report financial fraud as part of a consumer-facing anti-fraud
campaign. This survey will follow qualitative message testing research
(for which CFTC received fast-track OMB approval) and is necessary to
identify, with statistical validation, which of these messages most
effectively help consumers to identify, avoid, and report financial
fraud.
DATES: Comments must be received on or before October 21, 2013.
ADDRESSES: You may submit comments, regarding the burden estimated or
any other aspect of the information collection, including suggestions
for reducing the burden, by any of the following methods:
Agency Web site, via its Comments Online process: http://comments.cftc.gov. Follow the instructions for submitting comments
through the Web site.
Mail: Send to Melissa D. Jurgens, Secretary of the Commission,
Commodity Futures Trading Commission, 1155 21st Street NW., Washington,
DC 20581.
Hand delivery/Courier: Same as Mail above.
Federal eRulemaking Portal: http://www.regulations.gov/search/index.jsp. Follow the instructions for submitting comments.
Please submit your comments using only one method.
All comments must be submitted in English, or if not, accompanied
by an
[[Page 52167]]
English translation. Comments will be posted as received to http://www.cftc.gov. You should submit only information that you wish to make
available publicly. If you wish the Commission to consider information
that you believe is exempt from disclosure under the Freedom of
Information Act, a petition for confidential treatment of the exempt
information may be submitted according to the procedures established in
Sec. 145.9 of the Commission's regulations.\1\
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\1\ 17 CFR 145.9.
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The Commission reserves the right, but shall have no obligation, to
review, pre-screen, filter, redact, refuse or remove any or all of your
submission from http://www.cftc.gov that it may deem to be
inappropriate for publication, such as obscene language. All
submissions that have been redacted or removed that contain comments on
the merits of the rulemaking will be retained in the public comment
file and will be considered as required under the Administrative
Procedure Act and other applicable laws, and may be accessible under
the Freedom of Information Act.
FOR FURTHER INFORMATION CONTACT: Nisha Smalls, Consumer Education &
Outreach Specialist, 202-418-5000, [email protected], Office of
Consumer Outreach, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581.
SUPPLEMENTARY INFORMATION: Under the PRA, federal agencies must obtain
approval from the Office of Management and Budget (``OMB'') for each
collection of information they collect or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) as ``the obtaining,
causing to be obtained, soliciting . . . facts or opinions by or for an
agency, regardless of form or format [from] ten or more persons.'' An
agency may not conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a valid OMB
control number.
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires
federal agencies to provide a 60-day notice in the Federal Register for
each proposed collection of information before submitting the
collection to OMB for approval. Under OMB regulations, which implement
provisions of the PRA, certain ``facts or opinions submitted in
response to general solicitations of comments from the public,
published in the Federal Register or other publications,'' 5 CFR
1320.3(h)(4), or ``facts or opinions obtained or solicited at or in
connection with public hearings or meetings,'' 5 CFR 1320.3(h)(8), are
excluded from the OMB approval process.
In 2010, the Dodd-Frank Act \2\ expanded the Commission's authority
to, among other matters related to regulatory oversight, establish
funding of consumer education initiatives under its new Whistleblower
authority.\3\ Under this new authority, the Commission established an
Office of Consumer Outreach (``OCO'') to, among other efforts, survey
the public regarding consumer education initiatives.\4\ This notice
announces a public survey. The survey will include screening questions
to identify the correct respondents and questions to determine optimal
messages to help consumers identify, avoid, and report financial fraud
as part of a consumer-facing anti-fraud campaign. This survey will
follow qualitative message testing research (for which CFTC received
fast-track OMB approval) and is necessary to identify, with statistical
validation, which of these messages most effectively help consumers to
identify, avoid, and report financial fraud.
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\2\ See Dodd-Frank Wall Street Reform and Consumer Protection
Act, Public Law. 111-203,124 Stat. 1376 (2010). The text of the
Dodd-Frank Act may be accessed at http://www.cftc.gov/LawRegulation/DoddFrankAct/index.htm.
\3\ See 7 U.S.C. 26.
\4\ See 17 CFR 165.12.
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The OCO will use the information collected in the survey to develop
effective methods to inform the public on how best to detect and report
financial fraud. This will be done by creating a final summary report
that combines key findings from both the survey as well as other
qualitative research.
Findings from the summary report will be used to inform a
directional document to be used by the OCO that will include
recommendations on primary messages, support points, content, overall
tone, phrasing and imagery of outreach efforts on financial fraud, as
well as how to use these messages in various communications channels
(e.g. online, print, radio, TV and collateral materials).
The survey will be administered using an online survey tool. The
online modality approach will allow presentation of test material to
participants in a more convenient and time-efficient manner than other
collection methods such as mall intercepts. The online method also
allows for a quicker turnaround for data collection. No other
collection methods will be used.
The screening questions will take about 1 minute to complete. It is
anticipated that 2,200 people will be screened. The survey will take 15
minutes. 1,100 people will take the 15 minute survey. Based on these
assumptions, the total burden hours will be 330 hours. This estimate
includes the time to prepare the survey and transmit it to the
Commission. The Commission estimates the average burden of this
collection of information as follows:
Estimated Annual Reporting Burden Hours
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Annual Frequency Hours per Total
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17 CFR Part 165.................... 2,200 1 response per respondent.... 1 minute per response....... 2,200 36.7 hours--$96.36 per burden
hour.
17 CFR Part 165.................... 1,100 1 response per respondent.... 15 minutes per response..... 1,100 293.3 hours--$96.36 per burden
hour.
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Issued in Washington, DC, on August 16, 2013, by the Commission.
Melissa D. Jurgens,
Secretary of the Commission.
[FR Doc. 2013-20419 Filed 8-21-13; 8:45 am]
BILLING CODE 6351-01-P