Generic Information Collection Plan for Information on Compliance Costs and Other Effects of Regulations

ICR 201910-3170-002

OMB: 3170-0032

Federal Form Document

Forms and Documents
ICR Details
3170-0032 201910-3170-002
Active 201601-3170-001
Generic Information Collection Plan for Information on Compliance Costs and Other Effects of Regulations
Reinstatement with change of a previously approved collection   No
Approved with change 01/16/2020
Retrieve Notice of Action (NOA) 10/18/2019
  Inventory as of this Action Requested Previously Approved
01/31/2023 36 Months From Approved
37,500 0 0
38,997 0 0
0 0 0

The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) requires or authorizes the Consumer Financial Protection Bureau (“Bureau”) to implement new consumer protections in the offering or provision of certain consumer financial products and services. The information collected is required in order to effectively incorporate information from providers concerning compliance costs and other effects of regulations as part of the information base for potential rulemakings and prospective and retrospective regulatory burden analyses.

PL: Pub.L. 111 - 203 1022 Name of Law: The Dodd-Frank Wall Street Reform and Consumer Protection Act

Not associated with rulemaking

  84 FR 26078 06/05/2019
84 FR 55944 10/18/2019

  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 37,500 0 0 37,500 0 0
Annual Time Burden (Hours) 38,997 0 0 38,997 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Miscellaneous Actions
Since this is a reinstatement of a previously discontinued collection all burden for this collection is considered new burden. The previously approved burden was 25,500 respondents and responses, and 27,024 hours, the changes in burden between the previously approved level and this request results from the Bureau revising its burden estimates to reflect future plans to conduct studies under this generic information collection plan. Furthermore the total annualized burden for this plan is a three-year average, there may be variations in the amount of burden used each year owing to the nature of the Bureau’s regulatory review schedules.

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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