Affiliate Marketing/Consumer Opt-out Notices

ICR 201904-3064-008

OMB: 3064-0149

Federal Form Document

IC Document Collections
ICR Details
3064-0149 201904-3064-008
Active 201702-3064-011
FDIC
Affiliate Marketing/Consumer Opt-out Notices
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 06/24/2019
Retrieve Notice of Action (NOA) 04/23/2019
  Inventory as of this Action Requested Previously Approved
11/30/2020 11/30/2020 11/30/2020
858,025 0 858,025
73,543 0 73,543
0 0 2,786,651

Section 214 of the FACT Act (Pub.L. 108-159) requires financial institutions to disclose to consumers the opportunity to opt out of marketing solicitations from affiliates. The disclosures and responsive consumer opt-out notices comprise the elements of this collection of information.

PL: Pub.L. 108 - 159 214 Name of Law: Fair and Accurate Credit Transactions Act of 2003 (FACT Act)
  
US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act

Not associated with rulemaking

  82 FR 22665 05/17/2017
82 FR 34946 07/27/2017
No

3
IC Title Form No. Form Name
Consumer Opt Out Notices
Affiliate Marketing Disclosure - Implementation
Affiliate Marketing Disclosure - Ongoing

  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 858,025 858,025 0 0 0 0
Annual Time Burden (Hours) 73,543 73,543 0 0 0 0
Annual Cost Burden (Dollars) 0 2,786,651 0 0 -2,786,651 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
Manuel Cabeza 202 898-3781 mcabeza@fdic.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.
04/23/2019


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