Under section 18 (f)(1) of the Federal
Trade Commission Act (FTC Act), OTS is exclusively responsible for
prescribing rules applicable to savings associations to prevent
unfair or deceptive acts or practices in or affecting commerce,
including acts or practices that are unfair or deceptive to
consumers.
OTS is citing decrease in the
burden due to the deletion of a paperwork section from the Final
Rule. Under section 18(f)(1) of the FTC Act, OTS is exclusively
responsible for prescribing rules applicable to savings
associations to prevent unfair or deceptive acts or practices
(UDAPs) in or affecting commerce, including acts or practices that
are unfair or deceptive to consumers.
No
No
No
Uncollected
No
Uncollected
Suzanne McQueen 202
906-6459
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.