The Federal Trade Commission ("FTC")
seeks renewed clearance for its enforcement of the information
collection requirements in the Prescreen Opt Out Notice Rule, which
applies to certain motor vehicle dealers, and its shared
enforcement with the Consumer Financial Protection Bureau ("CFPB")
of the provisions (subpart F) of the CFPB's Regulation V regarding
other entities.
PL:
Pub.L. 111 - 203 1029 Name of Law: Dodd-Frank Wall Street
Reform and Consumer Protection Act
PL:
Pub.L. 108 - 159 213 Name of Law: Fair and Accurate Credit
Transactions Act of 2003
PL: Pub.L. 111 - 203 1029 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
The FTC’s estimated burden was
adjusted slightly upward (from 974 hours in 2013 up to 998 hours in
2016) due to a slightly higher estimate of motor vehicle dealers
subject to the Rule’s requirements (from 55,417 in 2013 up to
62,750 in 2016).
$0
No
No
No
Yes
No
Uncollected
Karen Jagielski 202
326-2509
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.