Privacy of Consumer Financial Information

ICR 201412-3038-007

OMB: 3038-0055

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2014-12-23
Supplementary Document
2014-12-19
Supporting Statement A
2014-12-23
IC Document Collections
IC ID
Document
Title
Status
29107
Modified
ICR Details
3038-0055 201412-3038-007
Historical Active 201107-3038-004
CFTC
Privacy of Consumer Financial Information
Revision of a currently approved collection   No
Regular
Approved without change 08/19/2016
Retrieve Notice of Action (NOA) 12/23/2014
  Inventory as of this Action Requested Previously Approved
08/31/2019 36 Months From Approved 08/31/2016
8,200 0 370,368
1,968 0 7,626
0 0 0

The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), Public Law 111-203, 124 Stat. 1376 (2010), broadened the Commission's regulatory authority under the Gramm-Leach-Bliley Act ("GLB Act") to cover two new entities: Swap Dealers and Major Swap Participants, in addition to Futures Commission Merchants, Commodity Trading Advisors, Commodity Pool Operators, and Introducing Brokers, Specifically, amendments to the GLB Act found in section 1093 of the Dodd-Frank Act, reaffirmed the Commission's authority to promulgate regulations to require entities that are subject to the Commission's jurisdiction to provide certain privacy protections for consumer financial information. These regulations were later extended to Retail Foreign Exchange Dealers.

PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Dodd - Frank Act
   US Code: 7 USC 7b-2 and 12a(5) Name of Law: Gramm-Leach-Blley Act
   US Code: 15 USC 6801, et seq. Name of Law: Gramm-Leach Bliley Act
  
None

Not associated with rulemaking

  79 FR 63384 10/23/2014
79 FR 76985 12/23/2014
No

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

  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 8,200 370,368 0 -362,168 0 0
Annual Time Burden (Hours) 1,968 7,626 0 -5,658 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), Pub. L. No. 111-203, 124 Stat. 1376 (2010), broadened the Commission's regulatory authority under the GLB Act to cover two new entities: swap dealers and major swap participants. Specifically, amendments to the GLB Act found in section 1093 of the Dodd-Frank Act, reaffirmed the Commission's authority to promulgate regulations to require entities that are subject to the Commission's jurisdiction to provide certain privacy protections for consumer financial information.

$0
No
No
No
Yes
No
Uncollected
Gail Scott 202 418-5139 [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.
12/23/2014


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