Policy to Encourage Trial Disclosure Programs: Information Collection

ICR 201605-3170-011

OMB: 3170-0039

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-05-23
IC Document Collections
IC ID
Document
Title
Status
207203 Modified
ICR Details
3170-0039 201605-3170-011
Historical Active 201306-3170-002
CFPB
Policy to Encourage Trial Disclosure Programs: Information Collection
Extension without change of a currently approved collection   No
Regular
Approved without change 07/08/2016
Retrieve Notice of Action (NOA) 05/23/2016
  Inventory as of this Action Requested Previously Approved
07/31/2019 36 Months From Approved 09/30/2016
10 0 10
100 0 100
0 0 0

In subsection 1032(e) of the Dodd-Frank Act, 12 U.S.C. 5532(e), Congress gave the Bureau authority to provide certain legal protections to companies to conduct trial disclosure programs. This authority can be used to help further the Bureau's statutory objective, stated in subsection 1021(b)(5) of the Act, to "facilitate access and innovation" in the "markets for consumer financial products and services." There are two main purposes for the use of these eligibility criteria. First, the specific criteria are intended to help the Bureau identify trial disclosure proposals that hold the potential to demonstrate improvements in disclosure to consumers, while controlling appropriately for risks to consumers. Second, by using standardized criteria across all submitters, the Bureau will be better placed to assess the merits of different proposals relative to each other.

US Code: 15 USC 5532(e) Name of Law: The Dodd Frank Wall Street Reform and Consumer Protection Act of 2010
  
None

Not associated with rulemaking

  81 FR 12479 03/09/2016
81 FR 32302 05/23/2016
No

1
IC Title Form No. Form Name
Trial Disclosure Program Proposals

  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 10 10 0 0 0 0
Annual Time Burden (Hours) 100 100 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
Yes
No
Uncollected
Darrin King 202-693-4129 King.Darrin@dol.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.
05/23/2016


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