Generic Information Collection Plan for Qualitative Consumer Education, Engagement and Experience Information Collections
Extension without change of a currently approved collection
No
Regular
Approved without change
02/09/2023
10/17/2022
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
02/28/2026
36 Months From Approved
02/28/2023
48,000
0
24,000
36,000
0
18,000
0
0
0
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law No. 111-203, Section 1013(d), the Bureauâs Office of Financial Education is responsible for developing and implementing initiatives intended to educate and empower consumers to make better informed financial decisions. The Bureau seeks to obtain approval of a generic information collection plan to collect qualitative data on effective strategies and consumer experiences from both financial education practitioners and consumers through a variety of methods, including in-person meetings, interviews, focus groups, qualitative surveys, online discussion forums, social media polls, and other qualitative methods as necessary. The information collected through these processes will increase the Bureauâs understanding of consumersâ financial experiences, financial education and empowerment programs, and practices that can improve financial decision-making skills and outcomes for consumers. This information will also enable the Bureau to better communicate to consumers about the availability of Bureau tools and resources that consumers can use to make better informed financial decisions.
The Bureau is increasing the estimated number of responses from 24,000 to 48,000 and total annual burden hours from 18,000 to 36,000 due to increased outreach to consumers under this generic information clearance plan.
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.
Consumer Focus Groups on Financial Topics – Year Three