Privacy of Consumer Financial Information

ICR 201010-3038-004

OMB: 3038-0055

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-10-28
IC Document Collections
IC ID
Document
Title
Status
29107
Modified
ICR Details
3038-0055 201010-3038-004
Historical Inactive 200708-3038-003
CFTC
Privacy of Consumer Financial Information
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 01/21/2011
Retrieve Notice of Action (NOA) 11/18/2010
Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.
  Inventory as of this Action Requested Previously Approved
12/31/2010 36 Months From Approved 01/31/2012
342,900 0 342,900
13,245 0 13,245
1,215,315 0 1,215,315

Passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), broadened the Commission's regulatory authority under the Gramm-Leach-Bliley Act to cover two new entities, swap dealers and major swap participants. The Dodd-Frank Act reaffirmed the Commission's authority to require these entitites comply with the Commission's Part 160 privacy rules and provide certain privacy protections for consumer financial information.

PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Privacy of Consumer Financial Information
  
PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Privacy of Consumer Financial Information

3038-AD13 Proposed rulemaking 75 FR 66014 10/27/2010

  75 FR 66014 10/27/2010
Yes

1
IC Title Form No. Form Name
Privacy of Consumer Financial Information

No
Yes
Changing Regulations
Burden decreases as a result of elimination of start-up cost associated with this new requirement for Privacy notices. Hence, decreasing response time.

$0
No
No
No
Yes
No
Uncollected
John Nowlin 202-418-5427

  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.
11/18/2010


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