The Dodd-Frank Wall Street Reform and
Consumer Protection Act (“Dodd-Frank Act”) requires or authorizes
the Consumer Financial Protection Bureau (“Bureau”) to implement
new consumer protections in the offering or provision of certain
consumer financial products and services. The information collected
is required in order to effectively incorporate information from
providers concerning compliance costs and other effects of
regulations as part of the information base for potential
rulemakings and prospective and retrospective regulatory burden
analyses.
PL:
Pub.L. 111 - 203 1022 Name of Law: The Dodd-Frank Wall Street
Reform and Consumer Protection Act
Since this is a reinstatement
of a previously discontinued collection all burden for this
collection is considered new burden. The previously approved burden
was 25,500 respondents and responses, and 27,024 hours, the changes
in burden between the previously approved level and this request
results from the Bureau revising its burden estimates to reflect
future plans to conduct studies under this generic information
collection plan. Furthermore the total annualized burden for this
plan is a three-year average, there may be variations in the amount
of burden used each year owing to the nature of the Bureau’s
regulatory review schedules.
$0
No
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.