Under the Dodd-Frank Wall Street
Reform and Consumer Protection Act, the Consumer Financial
Protection Bureau is charged with researching, analyzing, and
reporting on topics relating to the Bureau's mission, including
developments in markets for consumer financial products and
services, consumer awareness, and consumer behavior. In order to
improve its understanding of how consumers engage with financial
markets, the CFPB seeks to obtain approval for a generic
information collection plan to conduct research to improve the
quality of data collection by examining the effectiveness of
data-collection procedures and processes, including potential
psychological and cognitive issues.
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.