View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 3084-0085	ICR Reference No: 201504-3084-003
Status: Historical Active	Previous ICR Reference No: 201202-3084-001
Agency/Subagency: FTC	Agency Tracking No:
Title: Regulation E (Electronic Fund Transfers)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/20/2015
	Date Received in OIRA: 06/16/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2018	36 Months From Approved	07/31/2015
Responses	4,804,588,775	0	5,801,772,135
Time Burden (Hours)	7,506,730	0	4,410,917
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	4,804,588,775	5,801,772,135	-997,183,360
Annual Time Burden (Hours)	7,506,730	4,410,917	3,095,813
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 increase reflects the net of continued burden splitting for shared enforcement authority with the CFPB paired with increased estimates largely attributable to substantial increases in transaction volume for remittance transfers.

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