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View ICR - OIRA Conclusion

OMB Control No: 3084-0087	ICR Reference No: 202411-3084-006
Status: Active	Previous ICR Reference No: 202106-3084-001
Agency/Subagency: FTC	Agency Tracking No:
Title: Regulation B (Equal Credit Opportunity)
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: 01/07/2025
	Date Received in OIRA: 11/22/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2028	36 Months From Approved	01/31/2025
Responses	158,572,270	0	158,570,227
Time Burden (Hours)	3,877,492	0	1,797,798
Cost Burden (Dollars)	6,000,000	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute
Annual Number of Responses	158,572,270	158,570,227	2,043
Annual Time Burden (Hours)	3,877,492	1,797,798	2,079,694
Annual Cost Burden (Dollars)	6,000,000	0	6,000,000

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: For Subpart A, the labor costs are adjusted upward to reflect updated BLS wage data. Subpart B information collections are the result of a program change required by the Dodd-Frank Act, Section 1071, and the CFPB’s implementation of amended Regulation B, which derives from those statutory changes, as addressed in our responses to #1-2 and #12-13 in the Supporting Statement.

Annual Cost to Federal Government: $844,763

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: Carole Reynolds 202 326-3230 creynolds@ftc.gov

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