Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Justification Statement for Reducing Previously Cleared FTC Burden Estimate_mtd.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2011-12-09	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
193137	Time to prepare a sec.660.4 notice of frivolous or irrelevant dispute		Modified
193136	660.4 implementation of rqmt to notify consumers that a dispute is frivolous		Modified
193135	660.4 rqmts to amend procedures to handle complaints directly from cnsumers		Modified
193134	660.3 rqmt to implement written policies to ensure accurate info, related training		Modified

ICR Details

OMB Control No: 3084-0144	ICR Reference No: 201112-3084-012
Status: Historical Active	Previous ICR Reference No: 201005-3084-005
Agency/Subagency: FTC	Agency Tracking No:
Title: Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/03/2012
	Date Received in OIRA: 12/09/2011
Terms of Clearance: Federal Trade Commission ("FTC") is reducing burden estimates/changes based on the shared enforcement jurisdiction for this rule with the Consumer Financial Protection Board ("CFPB") under the Dodd-Frank Act. CFPB has incorporated into its recently submitted burden estimates.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2013	06/30/2013	06/30/2013
Responses	22,926	0	40,119
Time Burden (Hours)	61,034	0	95,039
Cost Burden (Dollars)	0	0	0

---

Abstract: Because the Federal Trade Commission ("FTC") has shared enforcement jurisdiction for this rule with the Consumer Financial Protection Board ("CFPB") under the Dodd-Frank Act, the CFPB has incorporated into its recently submitted burden estimates for this rule, net of an estimate covering motor vehicle dealers (which the FTC is fully assuming within its own burden estimates), half of the residual portion of the FTC's pre-existing, cleared burden hour estimate for this rule. OMB granted emergency clearance to the CFPB for its recent request. The FTC is submitting this ICR adjustment to reduce its own current burden totals accordingly.

---

Authorizing Statute(s): PL: Pub.L. 108 - 159 312 Name of Law: Fair and Accurate Credit Transactions Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1029 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3084-AA94	Not associated with rulemaking	74 FR 31484	07/01/2009

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

---

Number of Information Collection (IC) in this ICR: 4

table that charts list of burden

IC Title	Form No.	Form Name
Time to prepare a sec.660.4 notice of frivolous or irrelevant dispute
660.4 rqmts to amend procedures to handle complaints directly from cnsumers
660.4 implementation of rqmt to notify consumers that a dispute is frivolous
660.3 rqmt to implement written policies to ensure accurate info, related training

---

ICR Summary of Burden

table that charts list of burden

	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	22,926	40,119	-17,193	0	0	0
Annual Time Burden (Hours)	61,034	95,039	-34,005	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: In recognition of the Dodd-Frank Act amendments, this requested adjustment would reduce proportionately the FTC's previously cleared burden estimate to correlate with the FTC's shared, overlapping enforcement jurisdiction with the CFPB for this rule while also while also recognizing continued PRA estimated burden for residual rulemaking authority that the FTC retains.

---

Annual Cost to Federal Government: $15,750

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/09/2011

---