The FTC seeks renewed three-year
clearance for the FTC's shared enforcement with the Consumer
Financial Protection Bureau of the disclosure requirements in
subpart N of Regulation V.
Statute at
Large: 123
Stat. 1734 Name of Statute: Credit Card Accountability
Responsibility and Disclosure Act of 2009
US Code: 16
USC 1681 Name of Law: Fair Credit Reporting Act
PL: Pub.L. 111 - 203 1029 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
The current estimates present
increases of 27,271 hours and a $144,250 decrease in
capital/non-labor cost, over the currently cleared FTC burden
totals, after the halving for shared interagency enforcement. The
increased burden estimate is largely attributable to an increased
estimate of the projected number of requests for free annual file
disclosures. The decrease in estimated non-labor/capital costs
primarily owes to an erroneous unit cost input in 2012 in
calculating estimated automated telephone costs. The entry had been
$1.82, but $1.37 was the intended input at the time. Secondarily,
the decrease in those costs is attributable to a modest decline in
unit cost (from $1.37, as intended, in 2012, to $1.33 now) for the
current calculation.
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.
Reg. V subpt N '15 SS fin.pdf
Instructions to consumers