CFPB Generic Information Collection Plan for Studies of Consumers using Controlled Trials in Field and Economic Laboratory Settings

ICR 201407-3170-001

OMB: 3170-0048

Federal Form Document

Forms and Documents
Supplementary Document
Supporting Statement A
Supporting Statement B
ICR Details
3170-0048 201407-3170-001
Historical Active
CFPB TI-10037
CFPB Generic Information Collection Plan for Studies of Consumers using Controlled Trials in Field and Economic Laboratory Settings
New collection (Request for a new OMB Control Number)   No
Approved without change 12/22/2014
Retrieve Notice of Action (NOA) 09/09/2014
  Inventory as of this Action Requested Previously Approved
12/31/2017 36 Months From Approved
26,100 0 0
27,000 0 0
0 0 0

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau is tasked with researching, analyzing, and reporting on topics relating to the Bureau's mission, including developments in markets for consumer financial products and services, consumer awareness, and consumer behavior. This generic inforamtion collection plan will provide for timely data from purposive samples through controlled trials in field and economic laboratory settings. This research will be used for developmental and informative purposes in order to increase the Bureau's understanding of consumer credit markets and household financial decision-making.

US Code: 12 USC 5511 Name of Law: Dodd Frank Act

Not associated with rulemaking

  79 FR 20865 04/14/2014
79 FR 53422 09/09/2014

IC Title Form No. Form Name
Laboratory research on disclosures
Economic Research on Choice Overload
Laboratory research on price complexity

  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 26,100 0 0 26,100 0 0
Annual Time Burden (Hours) 27,000 0 0 27,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Miscellaneous Actions
This is a new Collection, the burdens are due to the studies to be conducted under this generic clearance plan.

Yes Part B of Supporting Statement
Darrin King 202-693-4129 [email protected]


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.

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