Album for storing useless bits of paper (4)

I believe the answer is:

bumf

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'bits of paper' is the definition.
(bumf can mean printed material)

'album for storing' is the wordplay.
'storing' says the answer is hidden in the clue.
'BUMF' can be found hidden inside 'album for'.

'useless' is the link.
I am not very happy about this link. It may be part of another bit of the clue.

Can you help me to learn more?

(Other definitions for bumf that I've seen before include "Official documents" , "Printed material" , "official papers?" , "Junk-mail" , "Boring documents etc" .)

I've seen this clue in The Independent.

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