Report of Terms of Credit Card Plans (FR 2572)

ICR 201003-7100-008

OMB: 7100-0239

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Form and Instruction
Removed
Supporting Statement A
2010-06-15
ICR Details
7100-0239 201003-7100-008
Historical Active 200911-7100-002
FRS FR 2572
Report of Terms of Credit Card Plans (FR 2572)
Revision of a currently approved collection   No
Delegated
Approved without change 06/16/2010
Retrieve Notice of Action (NOA) 06/16/2010
  Inventory as of this Action Requested Previously Approved
06/30/2013 36 Months From Approved 06/30/2010
300 0 475
75 0 338
0 0 0

The FR 2572 collects data on credit card pricing and availability from a sample of at least 150 financial institutions that offer credit cards. The data enable the Federal Reserve to present information to the public on terms of credit card plans.

US Code: 15 USC 1646(b) Name of Law: Truth in Lending Act (TILA)
  
PL: Pub.L. 111 - 24 505 Name of Law: Credit Card Accountability Responsibility and Disclosure Act of 2009

Not associated with rulemaking

  75 FR 16120 03/31/2010
75 FR 33807 06/15/2010
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 300 475 0 -175 0 0
Annual Time Burden (Hours) 75 338 0 -263 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The burden decrease is attributed to the removal of the FR 2572S, which is a one-time supplementary survey.

$31,700
No
No
No
Uncollected
No
Uncollected
Nicole Padar 202-530-6294 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
06/16/2010


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