Survey of Information Sharing Practices with Affiliates

ICR 200711-3084-004

OMB: 3084-0141

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Supporting Statement A
2007-12-03
IC Document Collections
ICR Details
3084-0141 200711-3084-004
Historical Active
FTC
Survey of Information Sharing Practices with Affiliates
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 04/10/2008
Retrieve Notice of Action (NOA) 12/10/2007
Since the agencies are not employing statistical methods to generate survey results that are representative of the surveyed population, OMB considers this to be a qualitative survey. Accordingly, the report to Congress must state that the survey data are qualitative and cannot be considered representative of the population. OMB requests that the agencies share a draft of the report prior to its submission to Congress.
  Inventory as of this Action Requested Previously Approved
04/30/2011 36 Months From Approved
20 0 0
200 0 0
0 0 0

The Fair and Accurate Credit Transactions Act of 2003 requires the Federal Trade Commission, along with the Federal banking agencies and the National Credit Union Administration, to jointly conduct regular studies of the consumer information sharing practices by financial institutions and other persons that are creditors or users of consumer reports with their affiliates. The statute also requires the Agencies to examine the information sharing practices that financial institutions and other creditors or users of consumer reports and their affiliates employ to make underwriting decisions or credit evaluations of consumers. The Commission will send a survey questionnaire to 20 businesses to gather the necessary information for the instant study. The Agencies jointly must submit a report to the Congress on the results of the initial study together with any recommendations for legislative or regulatory action.

PL: Pub.L. 108 - 159 214(e) Name of Law: Fair and Accurate Credit Transactions Act of 2003
  
PL: Pub.L. 108 - 159 214(e) Name of Law: Fair and Accurate Credit Transactions Act of 2003

Not associated with rulemaking

  71 FR 51888 08/31/2006
72 FR 69729 12/10/2007
Yes

1
IC Title Form No. Form Name
Survey of Information Sharing Practices with Affiliates N/A Survey of Information Sharing Practices with Affiliates

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 20 0 20 0 0 0
Annual Time Burden (Hours) 200 0 200 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is a new information collection. See Abstract above for further explanation of and reasons for the instant study and associated survey.

$178,000
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Sandra McCarthy 2023262531 smccarthy@ftc.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/10/2007


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