Terms of the
previous clearance remain in effect. The FTC should consider
comments received regarding the information collection
instrument(s)and provide a response and any necessary adjustments
in its next submission to OMB.
Inventory as of this Action
Requested
Previously Approved
08/31/2014
36 Months From Approved
01/31/2013
399,000
0
199,500
16,758,000
0
14,630,000
0
0
0
The amendments to the Fair Credit
Reporting Risk-Based Pricing Regulations implement the requirements
of Section 1100F of the Dodd-Frank Act by adding content to the
risk-based pricing notices and providing additional model notices.
The FTC and Federal Reserve Board believe it is important to have
these Dodd-Frank Act implementing regulations and revised model
notices in place by July 21, 2011 (when the Dodd-Frank requirements
become effective) or otherwise no later than 30 days from
publication in the Federal Register of the final amendments (the
announced effective date of the implementing regulations). This
will help ensure that consumers receive consistent disclosures of
credit scores and information relating to them and help facilitate
uniform compliance when related rulemaking authority transfers to
the Bureau of Consumer Financial Protection on July 21,
2011.
PL:
Pub.L. 108 - 159 311 Name of Law: Fair and Accurate Credit
Transactions Act of 2003
PL:
Pub.L. 111 - 203 1100F Name of Law: Dodd-Frank Wall Street
Reform and Consumer Protection Act
US Code: 15
USC 1681 Name of Law: Fair Credit Reporting Act
PL: Pub.L. 108 - 159 311 Name of Law: Fair
and Accurate Credit Transactions Act of 2003
US Code: 15 USC 1681 Name of Law: Fair Credit Reporting
Act
The amendments to the
Risk-Based Pricing Regulations implement the requirements of
Section 1100F of the Dodd-Frank Act by adding content to the
risk-based pricing notices and providing additional model notices.
The FTC and Federal Reserve Board believe it is important to have
these Dodd-Frank Act implementing regulations and revised model
notices available in advance of July 21, 2011 (when the Dodd-Frank
requirements become effective). The implementing regulations and
revised model notices will become effective 30 days from
publication in the Federal Register of the final amendments, and
will help ensure that consumers receive consistent disclosures of
credit scores and information relating to them and help facilitate
uniform compliance when related rulemaking authority transfers to
the Bureau of Consumer Financial Protection on July 21, 2011.
$18,795
No
No
No
Yes
No
Uncollected
Katherine White 2023262878
kwhite@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.
RBP Supplemental SS final 7-6-11.doc
Additional one-time burden to implement proposed amendments