View Information Collection Request (ICR) Package

Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 3084-0145	ICR Reference No: 201107-3084-001
Status: Historical Active	Previous ICR Reference No: 201102-3084-002
Agency/Subagency: FTC	Agency Tracking No:
Title: Fair Credit Reporting Risk-Based Pricing Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/05/2011
	Date Received in OIRA: 07/06/2011
Terms of Clearance: Terms of the previous clearance remain in effect. The FTC should consider comments received regarding the information collection instrument(s)and provide a response and any necessary adjustments in its next submission to OMB.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2014	36 Months From Approved	01/31/2013
Responses	399,000	0	199,500
Time Burden (Hours)	16,758,000	0	14,630,000
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Adjustment in Estimate
Annual Number of Responses	399,000	199,500	199,500	0
Annual Time Burden (Hours)	16,758,000	14,630,000	1,064,000	1,064,000
Annual Cost Burden (Dollars)	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The amendments to the Risk-Based Pricing Regulations implement the requirements of Section 1100F of the Dodd-Frank Act by adding content to the risk-based pricing notices and providing additional model notices. The FTC and Federal Reserve Board believe it is important to have these Dodd-Frank Act implementing regulations and revised model notices available in advance of July 21, 2011 (when the Dodd-Frank requirements become effective). The implementing regulations and revised model notices will become effective 30 days from publication in the Federal Register of the final amendments, and will help ensure that consumers receive consistent disclosures of credit scores and information relating to them and help facilitate uniform compliance when related rulemaking authority transfers to the Bureau of Consumer Financial Protection on July 21, 2011.

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