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: 3170-0071	ICR Reference No: 202309-3170-003
Status: Active	Previous ICR Reference No: 202007-3170-001
Agency/Subagency: CFPB	Agency Tracking No:
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans
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: 01/26/2024
	Date Received in OIRA: 12/26/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2027	36 Months From Approved	01/31/2024
Responses	246,221,392	0	366,296,507
Time Burden (Hours)	3,147,244	0	3,189,587
Cost Burden (Dollars)	11,876,219	0	11,188,035

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	246,221,392	366,296,507	-120,075,115
Annual Time Burden (Hours)	3,147,244	3,189,587	-42,343
Annual Cost Burden (Dollars)	11,876,219	11,188,035	688,184

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: There are no program changes to the information collection. The change in burden is due to a re-examination of the burden and how it is characterized.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Michael Galleher 202 435-7760 michael.galleher@cfpb.gov

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