Extension without change of a currently approved collection
No
Regular
11/30/2020
Requested
Previously Approved
36 Months From Approved
01/31/2021
858,025
858,025
73,541
73,543
0
0
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
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.