View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 1557-0238	ICR Reference No: 201203-1557-002
Status: Historical Active	Previous ICR Reference No: 201108-1557-012
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies under Section 312 of the Fair and Accurate Credit Transactions Act (FACT Act)
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: 10/12/2012
	Date Received in OIRA: 07/13/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2015	36 Months From Approved	10/31/2012
Responses	3,678,724	0	4,679,338
Time Burden (Hours)	185,643	0	1,183,057
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	3,678,724	4,679,338	-1,000,614
Annual Time Burden (Hours)	185,643	1,183,057	-997,414
Annual Cost Burden (Dollars)	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 reduction in burden is due to the tranfer of the burden for OCC institutions with over $10 billion in assets to the CFPB pursuant to Dodd-Frank and the removal of start-up burden.

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