Fair Credit Reporting (FCRA);
Regulation V and 12 CFR 717
Extension without change of a currently approved collection
No
Regular
02/26/2021
Requested
Previously Approved
36 Months From Approved
02/28/2021
335,340
291,315
272,686
303,546
0
0
As required under the Fair Credit
Reporting Act, federal credit unions must give consumers an
opportunity to opt out from the credit union's sharing of
information covered by FCRA, which is other than transaction and
experience information, before communicating such information to
its affiliates.
US Code:
15
USC 1681 Name of Law: Fair Credit Reporting Act
The information collection
burden has changed due to adjustments in the number of
respondents.
$0
No
No
No
No
Yes
No
No
Grace Lee 703 518-1156
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.