Application Forms for Financial Empowerment Training Programs

ICR 202001-3170-001

OMB: 3170-0068

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
222949 Modified
ICR Details
3170-0068 202001-3170-001
Active 201608-3170-002
CFPB
Application Forms for Financial Empowerment Training Programs
Revision of a currently approved collection   No
Regular
Approved without change 04/17/2020
Retrieve Notice of Action (NOA) 02/10/2020
  Inventory as of this Action Requested Previously Approved
04/30/2023 36 Months From Approved 04/30/2020
275 0 325
825 0 1,625
0 0 0

The Consumer Financial Protection Bureau (CFPB or Bureau) is responsible for developing strategies to improve the financial capability of low-income and economically vulnerable consumers, such as consumers who are unbanked or underbanked, those with thin or no credit file, and households with limited savings. To address the needs of these consumers, the Bureau has developed two initiatives that target intermediary organizations and provide tools, training, technical assistance, and other services to help them reach low-income and economically vulnerable consumers to provide them the financial empowerment tools and information that they need, when they need it, where they are. These initiatives: (1) Your Money, Your Goals, , and (2) Tax Time Savings both require CFPB to engage organizations to participate in our financial empowerment initiatives (“Empowerment”). The proposed information collection request consists of application forms that will be used by community-based organizations, local, state, or federal government entities, and national non-profit organizations to indicate their desire and ability to participate in the Bureau’s various initiatives. Empowerment will use the information provided in these applications to select the best qualified organizations for participation.

PL: Pub.L. 111 - 203 1013(b)(2) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
None

Not associated with rulemaking

  84 FR 62514 11/15/2019
85 FR 7537 02/10/2020
No

1
IC Title Form No. Form Name
Application Forms

  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 275 325 0 -50 0 0
Annual Time Burden (Hours) 825 1,625 0 -250 -550 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Forms
The decrease in respondent and burden hours is due to the fact that a previously approved form, the financial coaching application, is no longer needed and its use under this information collection is discontinued, as well as Bureau efforts to assist respondents and train them in how to respond to this information collection which has reduced the burden of completing the remaining applications which has resulted in an estimated reductions of 2 hours per response, an estimated total adjustment of -550 hours.

No
    Yes
    Yes
No
Yes
No
Uncollected
Darrin King 202-693-4129 [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.
02/10/2020


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